FX.co ★ China Stocks Rise for Second Day

On Thursday, the Shanghai Composite index saw an increase of 0.5%, reaching approximately 3,990, while the Shenzhen Component rose by 1.2% to 13,380. This marked the second consecutive session of gains, as a rally on Wall Street the previous night bolstered global risk sentiment. Analysts are now looking forward to China's trade and inflation figures for October, set to be released later this week, to gauge economic momentum amidst ongoing Sino-US trade tensions. In other developments, Premier Li Qiang has projected that China's economy will surpass CNY 170 trillion within the next five years and has promised to further open up the domestic consumer market to international businesses, following the recent trade agreement with the United States. Among the top performers were TBEA Co, which climbed 6.4%, Zhongji Innolight with a 1.8% gain, Cambricon Technologies up 3.9%, Hygon Information surging 7.2%, and Victory Giant increasing by 2.7%.