The Shanghai Composite climbed 0.3% to above 3,870, while the Shenzhen Component advanced 0.9% to 13,000 on Wednesday, rebounding from the previous session’s losses as persistent deflationary pressures in China fueled hopes for further policy support. September consumer prices fell more than expected, while producer prices extended their three-year deflation streak amid sluggish demand and renewed trade frictions. Meanwhile, Premier Li Qiang reiterated calls to boost consumption and curb unfair competition among businesses. On the trade front, sentiment remained cautious after President Trump threatened Beijing with a cooking oil embargo in response to China’s soybean boycott. Top gainers included Shenghe Resources (7%), Victory Giant (4.4%), Sungrow Power (1.1%), and Foxconn Industrial (1.3%).
