FX.co ★ China Stocks Rise as Policy Signals Eyed

The Shanghai Composite saw a slight increase of 0.05%, closing at 3,837, while the Shenzhen Component climbed 0.37% to end at 12,585 on Monday. This movement came after initial losses earlier in the trading session, as investors anticipated guidance from the forthcoming Central Economic Work Conference, hoping it would offer new policy direction. Market sentiment was also influenced by developments in trade, particularly with reports suggesting that the US may permit Nvidia to sell its H200 AI chips to China. Additionally, dovish comments from a senior official at the US Federal Reserve raised expectations of a potential rate cut next month. Leading these market gains were major players such as BlueFocus Intelligent, which surged 15.7%, Zhejiang Sanhua, up 1.8%, Cambricon Technologies, gaining 1%, Addsino Co with a 10% rise, and Easy Click Worldwide climbing 20%. In contrast, significant declines were seen in Eoptolink Technology, down 8.5%, Contemporary Amperex, which fell 2.5%, and Foxconn Industrial declining 8%.