FX.co ★ China Stocks Rise on Policy Support Hopes

On Friday, the Shanghai Composite Index experienced a growth of 0.41%, closing at 3,889, while the Shenzhen Component Index rose by 0.84% to reach 13,258. This rebound follows losses from the previous session, as Beijing reiterated its commitment to comprehensive economic support for the upcoming year during its annual economic planning summit. Policymakers announced proactive fiscal initiatives designed to bolster both consumption and investment, along with measures aimed at stabilizing the property market. Nonetheless, analysts anticipate only moderate monetary easing from the central bank in the next year. Key players driving the market's upward movement included Eoptolink Technology, which increased by 2.8%, Victory Giant with a 1.5% rise, Suzhou Dongshan jumping 7.8%, Addsino Co advancing 5.2%, and TBEA Co climbing 6.6%. In contrast, Moore Threads plummeted by 13.4%, as the Chinese AI chipmaker issued a warning to investors regarding heightened trading risks following significant recent gains.