21.04.202507:21:24UTC+00China Stocks Rise as PBOC Holds Rates Steady

On Monday, the Shanghai Composite index climbed by 0.45% to conclude at 3,291, while the Shenzhen Component index saw a rise of 1.27%, closing at 9,906. This upward movement counteracted the losses from the previous session, as the People’s Bank of China chose to maintain key lending rates, highlighting their effort to stabilize the yuan amidst ongoing economic uncertainties. Despite the concerning trade tensions with the United States, where there has been no advancement toward direct negotiations between Beijing and Washington, investors remained vigilant. Nevertheless, the mainland markets have experienced a gradual recovery since the introduction of reciprocal tariffs earlier this month. This recovery has been bolstered by state-backed purchasing from domestic financial institutions. The surge was largely led by technology stocks, with notable gains recorded by Cambricon Technologies (up 3.8%), Talkweb Information (up 3.1%), Victory Giant (up 5.6%), Luxshare Precision (up 3.1%), and Shenzhen Forms (up 7.6%).