China Stocks Extend Rally to Fourth Session

The Shanghai Composite climbed 0.62% to 3,582, while the Shenzhen Component rose 0.84% to 11,100 on Tuesday, with mainland markets extending their winning streak to a fourth straight session and reaching multi-month highs.

Earlier this week, the People’s Bank of China kept key lending rates at record lows in a continued effort to support the economy amid weak consumer sentiment and sluggish growth.

Meanwhile, the industry ministry reaffirmed its commitment to stabilizing output across key sectors, including machinery, autos, and electrical equipment.

Investors now await China’s industrial profits data due over the weekend for clues on corporate performance under the weight of US tariffs.

Among the top gainers were Contemporary Amperex (+2.5%), Huadian New Energy (+2.3%), Sany Heavy Industries (+8.7%), Wolong Electric (+4.3%), and Anhui Conch Cement (+10%).