The Shanghai Composite rose 0.5% to around 3,860 while the Shenzhen Component rallied 1.5% to 12,880 on Monday, recouping some losses from the previous session amid signs of easing Sino-US trade tensions. US President Donald Trump said his proposed retaliatory tariffs on Chinese goods would be unsustainable, while US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet this week ahead of a possible Trump-Xi meeting later this month. Investors also digested a raft of Chinese economic data, headlined by a report showing Q3 GDP growth slowed to its weakest in a year. Meanwhile, the People’s Bank of China left its loan prime rates unchanged as expected. Tech and AI shares led the advance, with Zhongji Innolight, Eoptolink Technology, Victory Giant, Foxconn Industrial, and Cambricon Technologies gaining between 4.5% and 11.2%.
