FX.co ★ China Stocks Edge Higher on Stimulus Hopes

The Shanghai Composite edged up slightly by 0.01%, closing at 3,510, while the Shenzhen Component increased by 0.61% to settle at 10,696 on Friday. Despite these gains, mainland stocks gave back much of the session’s advances as investor sentiment remained cautiously optimistic, fueled by speculation about potential new stimulus measures from Beijing aimed at boosting the struggling property sector. Reports have hinted at a possible high-level meeting, reminiscent of the 2015 Central Urban Work Conference, which led to significant urban planning and infrastructure developments. Meanwhile, geopolitical focus shifted to Kuala Lumpur, where a first-time face-to-face meeting between US Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi is planned. Despite experiencing volatility, both the Shanghai and Shenzhen indexes recorded weekly increases of 1.09% and 1.78%, respectively, marking their third consecutive week of gains.