Chinese and Hong Kong equities started the week with economic data and corporate earnings taking centre stage.
Mainland Chinese shares closed higher on Monday. The Shanghai Composite ended at 3,982.65 points, up 1.41%, while the Shenzhen Component Index rose 2.44% to 14,704.27. The ChiNext Index gained 3.14 per cent to close at 3,740.16.
Attention is now shifting to a broad set of Chinese economic indicators, including industrial production, retail sales, fixed-asset investment, unemployment, house prices and foreign direct investment. These figures will give the market a clearer view of the strength of domestic demand, industrial activity and investment. They will also help determine whether recent market positioning is supported by improving economic conditions or whether pressure remains on more economically sensitive sectors.
Technology and manufacturing companies were among the notable movers.
Hygon Information Technology gained after reporting higher revenue and net profit. The company also increased research and development spending, showing that it continues to invest in future growth while improving its current financial position.
BYD, NAURA Technology and Suzhou Dongshan Precision also advanced. Their gains kept attention on electric vehicles, semiconductors and electronics, areas where earnings growth and capital investment remain important factors in company valuations.
Hong Kong shares also closed higher on Monday. The Hang Seng Index finished at 25,453.23 points, up 1.34%. The Hang Seng China Enterprises Index gained 1.19% to 8,439.97, while the Hang Seng Tech Index rose 1.58% to 4,782.03.
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