The Shanghai Composite surged 1.81% to close at a three-month high of 3,421, while the Shenzhen Component jumped 2.26% to 10,978 on Friday, as mainland stocks snapped a two-day losing streak on rising expectations of more policy support from Beijing. Top government officials are set to hold a press conference on Monday to discuss measures to boost consumption, fueling optimism about potential economic stimulus. Meanwhile, investors continued to navigate escalating global trade tensions, with US President Donald Trump reaffirming plans to implement reciprocal tariffs on global trading partners, set to take effect on April 2. Technology and growth stocks led the rally, with notable gains from East Money Information (+4.6%), Wuliangye Yibin (+6.4%), China Galaxy (+6.4%), Contemporary Amperex (+3.5%), and BYD Company (+6.1%). For the week, the Shanghai and Shenzhen indexes rose 1.4% and 1.2%, respectively, marking their second consecutive weekly gain.
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