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2025.08.1802:16:49UTC+00Shanghai Stocks March Toward 10-Year Highs

On Monday, the Shanghai Composite experienced a 0.4% increase, surpassing 3,700, while the Shenzhen Component saw a 1.3% rise, reaching 11,785. The Shanghai Composite is approaching its highest point since 2015, fueled by robust buying activity from both institutional and retail investors. The surge is buoyed by anticipations of new stimulus measures from Beijing aimed at promoting economic growth and mitigating the effects of US tariff challenges, despite recent mixed economic data from China. Investor attention is now focused on the upcoming policy decision from the People’s Bank of China, with expectations that loan prime rates will remain unchanged. Globally, markets are keeping an eye on the forthcoming meeting between Trump and Zelenskiy in Washington, intended to further peace discussions with Russia, in addition to the Federal Reserve's Jackson Hole symposium, as investors seek insights into the global interest rate landscape. Among the standout performers were Beijing Compass, which rose by 6.8%, ZTE Corp with an 8.8% gain, and Wolong Electric Group, advancing 6.5%.

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