Published on 09/29/2025 at 03:29 am EDT
(MT Newswires) -- Chinese stocks closed the Monday trade with gains as industrial profits rebounded and consumer spending is predicted to bolster amid the long holiday ahead.
The Shanghai Composite Index climbed 0.9%, or 34.43 points, to finish at 3,862.53, while the Shenzhen Component Index jumped 2.1%, or 270.43 points, to 13,479.43.
Chinese enterprises saw their total industrial profits inch up 0.9% year on year to 4.693 trillion yuan between January and August, according to weekend data from the National Bureau of Statistics.
The current figures are a turnaround from the 1.7% drop between January and July.
Consumer spending is also expected to boost during the National Day and Mid-Autumn Festival holidays as authorities predict an average of 2 million daily border crossings and 2.36 billion passenger trips between Oct. 1 and Oct. 8.
In corporate news, Jiangsu Boqian New Materials Stock soared 10% after obtaining an order for nickel powder that may generate sales worth between 4.30 billion yuan and 5 billion yuan.
Guosheng Financial also surged 10% amid plans to dispose of its entire 12.7 million shares in New York-listed consumer-oriented technology company Qudian.
Allgens Medical Technology rose nearly 4% after obtaining China's regulatory approval for its absorbable composite bone repair material.
Sumber : MT Newswires
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