The Shanghai Composite climbed 1.09% to close at 4,165 while the Shenzhen Component rallied 1.75% to 14,367 on Monday, with the former hitting its highest levels in over ten years, driven by strong buying in artificial intelligence and commercial space stocks. Chinese stocks continued to attract strong investor demand as the country’s advances in key technologies and expectations of further policy support reinforced bullish sentiment. On Friday, China’s cabinet discussed a package of fiscal and financial measures aimed at boosting domestic demand, including steps to encourage household consumption. AI related shares such as BlueFocus Intelligent (up 20%), Zhongji Innolight (1.5%) and East Money Information (3.8%) led the advance, while commercial space stocks also rallied after China applied for frequency and orbital resources for more than 203,000 satellites across 14 constellations. Among the top performers were Addsino (5.9%), China Satellite (10%), and China Aerospace (10%).
