China Stocks Gain on Tech Boost
2025-12-08 02:48
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite rose 0.54% to close at 3,924, while the Shenzhen Component gained 1.39% to 13,330 on Monday, with mainland stocks hitting multi-week highs amid renewed optimism in Chinese technology and AI companies.
The market was supported by China’s tech breakthroughs and efforts to boost domestic production in key sectors, particularly chipmaking.
Notable gainers included Zhongji Innolight (6.1%), Eoptolink Tech (7.2%), Suzhou TFC (19.2%), Victory Giant (5.5%) and Foxconn Industrial (3.8%).
In contrast, Moore Threads, dubbed “China’s Nvidia”, fell 1% after surging over 400% on its Shanghai debut last Friday following a $1.1 billion listing.
Financial stocks also advanced after the securities regulator vowed to relax capital requirements and leverage limits for the sector.
Meanwhile, China's exports surpassed expectations in November amid a tariff truce with the US.
Investors also awaited China’s November trade figures to assess the impact of modest US tariff relief.