Published on 07/10/2025 at 03:42
(MT Newswires) -- Chinese shares closed with gains as investors are seeking additional stimulus from Beijing at its upcoming Poliburo meeting later this month.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5%, or 16.63 points, or end Thursday's trade at 3,509.68. The Shenzhen Component Index likewise edged up 0.5%, or 49.33 points, to 10,631.13.
China's top leaders will conduct a Politburo later in July, with hopes that the government will introduce new measures that will keep the economy afloat amidst the end of the 90-day tariff reprieve.
Meanwhile, Tongyu Advanced Materials (Guangdong) surged 128% at the closing of its trading debut on the Shenzhen bourse. The Chinese resin products manufacturer's shares were valued at more than double their initial public offering of 84 yuan per share.
In other corporate news, Seazen Holdings soared 7% after posting a total commercial operating income of 6.94 billion yuan in the first half, higher than 6.21 billion yuan in the year-ago period.
Hainan Haiyao climbed 6.5% after the cefotaxime sodium for injection of its subsidiary, Haikou Pharmaceutical Factory, passed China's generic drug consistency evaluation.
Sumber : MT Newswires
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