The Shanghai Composite rose 0.5% to around 3,920, while the Shenzhen Component gained 1.3% to 13,320 on Monday, with mainland stocks hitting multi-week highs amid renewed optimism in Chinese technology and AI companies. The market was supported by China’s tech breakthroughs and efforts to boost domestic production in key sectors, particularly chipmaking. Notable gainers included Zhongji Innolight (5.8%), Eoptolink Technology (5.6%), Suzhou TFC Optical (17%), Victory Giant (4.6%) and Foxconn Industrial (2.5%). In contrast, Moore Threads, dubbed “China’s Nvidia”, fell more than 3% after surging over 400% on its Shanghai debut last Friday following a $1.1 billion listing. Investors also awaited China’s November trade figures to assess the impact of modest US tariff relief.
