China Stocks Rise Ahead of Xi-Trump Meeting

2025-10-29 02:31 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.7% to close at 4,016 while the Shenzhen Component rallied 1.95% to 13,691 on Wednesday, with the former reaching fresh ten-year highs as investors awaited the highly anticipated meeting between Chinese President Xi Jinping and US President Donald Trump.

Trump signaled that he will lower fentanyl-linked tariffs on China, while Beijing reportedly resumed its purchases of US soybeans in a major concession.

Trump also said in his APEC speech that the US will have a good deal with China that benefits both countries.

In corporate news, Ping An Insurance climbed over 2% after reporting an 11.5% profit increase in the first nine months of the year, driven by stronger investment returns and policy sales.

Bank of China shares also advanced to two-month highs after posting a 5% rise in Q3 profit.

AI-related stocks gained as well, with Sungrow Power, Victory Giant, Zhongji Innolight, Foxconn Industrial and Wuxi Lead Intelligent rising between 1.5% to 15.4%.



News Stream
The Shangai Composite Index Closes 0.13% Higher
The Shangai Composite Index rose 5 points or 0.13 percent on Thursday to close at 4113 points. Leading the gains are Greenland Holdings (7.48%), Shanghai Petrochemical (6.87%) and Inner Mongolia Yili Industrial Group (3.39%). Top losers were Hua Xia Bank (-4.15%), China Molybdenum (-3.49%) and China Railway (-3.05%).
2026-04-30
China Stocks Finish April on a Strong Note
The Shanghai Composite edged up 0.11% to close at 4,112 on Thursday, remaining at its strongest level in over a month, while the Shenzhen Composite ticked down 0.09% to 15,108. Despite the subdued daily performance, April marked a robust month for Chinese stocks. The Shanghai Composite climbed 5.66%, while the Shenzhen Component surged 12.09%, supported by stronger-than-expected PMI data and significant gains in technology stocks. Official data showed manufacturing PMI beat market expectations at 50.3 in April 2026, while a private survey revealed that the manufacturing PMI climbed to its highest level since December 2020 at 52.2. China’s strategic petroleum reserves and renewable energy investments are helping cushion the economy from external shocks linked to Middle East tensions. Technology stocks also boosted sentiment, with NAURA Technology Group jumping 5.15% after strong Q1 revenue and profit. China’s stock markets will be closed from May 1 to May 5 for the Labour Day holiday.
2026-04-30
Stocks in China Hit 6-week High
SHANGHAI increased to 4115.00 Index Points, the highest since March 2026. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 5.67%, and in the last 12 months, it increased 24.02%.
2026-04-30