The Shanghai Composite dropped 0.27% to close at 3,160, while the Shenzhen Component ended flat at 9,796 on Monday, as mainland stocks struggled to gain traction despite stronger-than-expected trade data. December exports surged 10.7% year-on-year, far surpassing the forecasted 7.3% increase. Imports also rose unexpectedly by 1%, reversing two months of contraction. However, ongoing concerns over slowing economic activity and persistent deflationary pressures, along with the lack of aggressive policy support, kept investors cautious. In an effort to support the yuan, China announced on Monday that it would raise borrowing limits to allow corporations to borrow more from abroad. Notable declines were seen in Cambricon Technologies (-1.5%), Leo Group (-8%), and JCET Group (-2.9%), reflecting broader market uncertainties.
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