The Shanghai Composite surged 1.1% to above 3,860, while the Shenzhen Component climbed 1.8% to 12,384 on Monday, with the former hitting fresh ten-year highs as market momentum continued to strengthen. Chinese equities have rallied sharply this month, supported by easing US-China trade tensions, expectations of further domestic policy support, and generally bullish market sentiment. The rally also followed Wall Street’s strong performance on Friday after Federal Reserve Chair Jerome Powell signaled the central bank could begin cutting interest rates as soon as next month. Looking ahead, investors await China’s latest purchasing managers’ index readings and industrial profits data for fresh insights into the health of the world’s second-largest economy. Among notable movers, Cambricon Technologies jumped 10.8%, China Northern Rare Earth gained 10%, and Hygon Information soared 15.3%.
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