The Shanghai Composite rose 0.9% to above 4,000, while the Shenzhen Component gained 1.8% to 13,760 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 (3.2%), BlueFocus Intelligent (5.7%), Leo Group (9%), Zhongji Innolight (1.7%), and Giga Device Semiconductor (10%). Clean energy and defense stocks also saw strong gains, including Goldwin Science Technology (9.2%) and China Satellite Communications (4.8%). 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.
