FX.co ★ China Stocks Gain Ahead of Key Economic Data

The Shanghai Composite index surpassed the 4,000 mark, while the Shenzhen Component index increased by 0.7% to reach 13,330 on Thursday. Mainland stocks experienced a cautious rise as investors awaited crucial Chinese economic data releases. October's credit figures are anticipated later today, with subsequent data on retail sales, industrial production, and fixed asset investment expected on Friday. Meanwhile, the potential resolution of the protracted US government shutdown this week bolstered global market confidence. Gains were led by resource-related companies, with Guangzhou Tinci Materials climbing 9.3%, Do-Fluoride New Materials rising 6.9%, and Zijin Mining advancing 4.9%. Technology sectors also performed strongly, highlighted by increases in Giga Device Semiconductor (+10%), Biwin Storage Technology (+15.5%), and Shenzhen Longsys Electronics (+5.2%).