China Stocks Gain on Stimulus, Strong Data
The Shanghai Composite rose 0.2% to around 3,430 while the Shenzhen Component climbed 0.1% to 10,990 on Monday, extending gains from the previous session after China unveiled a special action plan over the weekend aimed at reviving consumption and stabilizing stock and real estate markets.
The plan includes measures to bolster residents’ income and household spending, as well as lifting the birth rate. Markets also reacted positively to strong economic data, with Chinese retail sales accelerating and industrial production surpassing forecasts.
Chinese equities have outperformed this year, driven by renewed interest in technology and AI-related stocks, with increased government support further bolstering investor confidence. Among the top gainers were Jiangsu Hoperun (+7.3%), Sichuan Changhong (+6.2%), and Shijiazhuang Changshan (+4.1%).
Source : Trading Economics