Shanghai Composite Logs Nine-Session Win

2025-12-29 09:09 By Joshua Ferrer 1 min. read

The Shanghai Composite closed 0.04% higher at 3,965, marking a nine-session winning streak, its longest run in over a year, supported by a stronger yuan and fresh government measures to boost domestic consumption, while the Shenzhen Component ended 0.5% lower at 13,537.

China’s finance ministry said fiscal policy will be “more proactive” next year, emphasizing domestic consumption, technological innovation, and social safety nets, aiming to offset weak industrial profits in November.

Analysts noted that policy support and renminbi gains are giving stock markets upward momentum, though major indexes trading near yearly highs could face technical resistance.

The defense sector led gains with a 1.1% rise after China launched war games around Taiwan, while energy and banking stocks added roughly 1%.

In contrast, the new energy vehicle and battery sectors fell 1.7–1.9% on forecasts of weaker domestic EV demand and slowing exports.



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