The Shanghai Composite rose 0.53% to close at 4,019 on Monday, reaching a fresh decade-high, with defensive stocks leading gains as investors rotated out of high-flying technology and AI sectors.
Chinese shares also followed global peers higher amid improved risk appetite on optimism that the prolonged US government shutdown may soon end, after Senate approval of an initial funding bill.
Top performers included Guangzhou Tinci Materials (2.9%), China Tourism Group (10%), and Kweichow Moutai (2%).
In corporate news, Wingtech Technology gained 3% after Beijing granted exemptions to export controls on Dutch firm Nexperia’s chips, its subsidiary, for civilian use.
Meanwhile, weekend data showed consumer prices unexpectedly rose 0.2% in October, rebounding from a 0.3% drop in September, while producer prices fell 2.1%, the softest decline in 14 months.
