China Stocks Climb After Golden Week Break

2025-10-09 02:41 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.6% to above 3,900, while the Shenzhen Component gained 1.5% to 13,725 on Thursday as mainland markets reopened following the long Golden Week holiday, which saw a record 2.43 billion cross-regional passenger trips.

Mining stocks led the advance after Beijing imposed export controls on rare earth production technology in a bid to strengthen its dominance in the sector amid growing competition with the US.

Major gainers included Zijin Mining (6.9%), China Northern Rare Earth (5.7%), and Zhejiang Huayou Cobalt (2.4%).

Technology shares also rose, tracking global AI optimism, with Giga Device Semiconductor up 8.8%, Zhongji Innolight 1.9%, and Foxconn Industrial 4.6%.



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