The Shanghai Composite climbed 0.51% to close at 3,470, while the Shenzhen Component surged 2.03% to 11,389 on Monday, rebounding from previous session losses as investors reassessed China's economic outlook following the latest stimulus announcement.
China stocks rise despite underwhelming stimulus
After Friday's close, China unveiled a 10 trillion yuan debt package aimed at easing local government financing and stabilizing the economy. However, the absence of direct economic stimulus measures raised concerns that the package may not be enough to offset the impact of potential US tariffs and heightened tensions under a possible Donald Trump presidency.
Effects on the market
Adding to the caution, data released over the weekend showed that China's consumer inflation in October was lower than expected, while producer prices extended their 25th consecutive month of decline. Among the day's top performers, East Money Information rose 1.6%, China Greatwall gained 3.9%, and Dawning Information surged 10%.
