FX.co ★ China Stocks Extend Rally to Fourth Session

On Tuesday, the Shanghai Composite increased by 0.62% to 3,582, while the Shenzhen Component advanced by 0.84% to reach 11,100. Mainland markets continued their upward momentum for the fourth consecutive session, achieving multi-month highs. Earlier this week, the People's Bank of China maintained key lending rates at historically low levels to bolster the economy amidst tepid consumer sentiment and sluggish growth. Concurrently, the industry ministry reiterated its dedication to stabilizing output across crucial sectors such as machinery, automobiles, and electrical equipment. Investors are now turning their attention to the forthcoming release of China's industrial profits data over the weekend, seeking insights into corporate performance in the context of US tariffs. The leading gainers in this positive market environment included Contemporary Amperex with an increase of 2.5%, Huadian New Energy rising by 2.3%, Sany Heavy Industries surging by 8.7%, Wolong Electric climbing by 4.3%, and Anhui Conch Cement skyrocketing by 10%.