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Chinese shares close higher Monday

China

China

China

Chinese shares close higher Monday

2025-11-03 16:51 Last Updated At:18:37

Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 0.55 percent to 3,976.52 points.

The Shenzhen Component Index closed 0.19 percent higher at 13,404.06 points.

The combined turnover of these two indices stood at 2.11 trillion yuan (about 297.74 billion U.S. dollars), down from 2.32 trillion yuan on the previous trading day.

Shares related to the media and entertainment, shipbuilding, and coal sectors led the gains, while those in non-ferrous metals, chemical fibers and environmental protection industries saw major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.29 percent to close at 3,196.87 points Monday.

Chinese shares close higher Monday

Chinese shares close higher Monday

The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.

In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.

The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.

She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.

The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."

"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.

UNGA President warns global multilateral system "under attack"

UNGA President warns global multilateral system "under attack"

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