Chinese stocks surge amid stimulus hopes and strong trade data

Chinese stocks surged Thursday, with the Shanghai Composite rising 2.57% to 3,471 and the Shenzhen Component gaining 2.44% to 11,236, reaching their highest levels in nearly a month.

Chinese stocks surge amid stimulus hopes and strong trade data

The rally was driven by expectations that potential tariffs under a second Donald Trump presidency could prompt China to introduce more aggressive stimulus measures. Investors also focused on the National People’s Congress standing committee, deliberating on plans to increase local government debt to fund higher spending.

China's trade surplus grows, boosting tech and consumer stocks

Meanwhile, October data showed China's trade surplus widened more than expected, with exports climbing while imports shrank. High-growth sectors, including technology, securities, and consumer stocks, led the rally, with China Greatwall (+10%), Citic Securities (+10%), and Kweichow Moutai (+5%) among the notable gainers.