The Shanghai Composite climbed 1.17% to close at 3,210, and the Shenzhen Component surged 1.99% to 10,663 on Monday, recouping last week’s losses as China’s National People’s Congress began its five-day session.
China stocks rally on stimulus hopes
Investors are anticipating further details on fiscal and debt measures to boost economic growth, with reports suggesting China could announce a stimulus package exceeding 10 trillion yuan. Still, caution lingers ahead of the U.S. presidential election, as a potential second term for Donald Trump may lead to increased tariffs and intensified U.S.-China tensions.
Strong gains: East Money +7.7%, Shanghai Electric, Ofilm, Seres +10%
Strong performers included East Money Information (+7.7%), Shanghai Electric Group (+10%), Ofilm Group (+10%), Seres Group (+10%), and Dawning Information Industry (+5.4%).
