China Stocks Extend Gains on PBoC Support

2026-11-05 02:11 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite edged up 0.10% to close at 3,689.9 on Thursday, while the Shenzhen Component advanced 1.19% to 11,471.1, extending gains from the previous session as Beijing’s latest intervention measures continued to lend support to equities.

Earlier this week, Chinese authorities rolled out a series of measures, including targeted liquidity injections, lower interest rates on stock buyback loans, and eased restrictions on leveraged trading.

However, investors remained cautious, with a sustained market recovery seen as dependent on stronger economic growth, improving corporate earnings, and a revival in investor confidence.

CATL (4.42%), BYD (1.29%), NAURA Technology (4.76%), and Luxshare Precision Industry (2.73%) posted notable gains.

In contrast, energy stocks underperformed, with PetroChina (-7.93%), CNOOC (-6.55%), and Sinopec (-0.87%) declining sharply as oil prices weakened on growing hopes of a potential peace deal between the US and Iran.



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