China Stocks Gain After Trade Data
2026-11-10 02:00
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite edged up 0.08% to close at 3,663.7 on Tuesday, while the Shenzhen Component gained 0.86% to 11,241.5, as strong trade data reaffirmed the economy's heavy reliance on external demand.
October exports jumped 35.2% year-over-year to $412.33 billion, driven by sustained global appetite for AI technology equipment, while imports surged 41.6% to $307.05 billion, marking their fastest pace of growth in over five years.
The trade expansion pushed China's year-to-date surplus past $1 trillion for the second time on record, keeping the nation on track to surpass last year's record of $1.2 trillion.
However, market enthusiasm remained tempered by the stark contrast between robust export growth and subdued domestic demand, leaving investors cautious about the sustainability of growth driven primarily by foreign trade.
Gains were led by Zhongji Innolight (4.20%), Luxshare Precision Industry (1.77%), Foxconn Industrial Internet (1.43%), and China CITIC Bank (1.10%).