China Stocks Climb to Begin the Year
2026-01-05 03:24
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite rose 1.38% to close at 4,023, while the Shenzhen Component gained 2.24% to 13,828 on Monday, with both benchmarks reaching multi-week highs as Chinese markets reopened after the long holiday.
Technology stocks led the advance, extending last year’s rally in artificial intelligence-linked companies.
Notable performers included Zhejiang Sanhua (1.8%), BlueFocus Intelligent (20%), Victory Giant (7.8%), Zhongji Innolight (2.2%), and Giga Device Semiconductor (10%).
Clean energy and defense stocks also saw strong gains, including Goldwin Science Technology (7%) and China Spacesat Co (4.7%).
A private survey showed that business activity in China remained expansionary for the seventh consecutive month in December, supported by stronger services activity and a renewed increase in factory output.
Meanwhile, investors largely shrugged off geopolitical concerns following the US attack on Venezuela, which resulted in the capture of President Nicolas Maduro.