China's major stock indices rebounded on Monday amid growing bullish sentiment in both U.S. and Asian markets, reported Wang Yin, a market analyst for China Global Television Network (CGTN).
Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 1.41 percent to 4,123.09 points.
The Shenzhen Component Index closed 2.17 percent higher at 14,208.44 points.
"Mainland stocks rebounded in today's trading session, inspired by record-breaking performance on Wall Street and bullish market sentiment in Asia. The Shanghai Composite Index rose 1.41 percent above 4,100 points, while the Shenzhen Component Index added 2.17 percent today, recovering last week's losses as dip buyers stepped in, with tech and mining shares leading the gains. Last week, we saw that tech shares had come under pressure amid concerns over heavy AI spending and potential disruption to traditional software business models. The benchmark CSI 300 index today rose 1.63 percent, ahead of inflation figures due on Wednesday, set for its best day in a month, and the small-cap ChiNext board jumped nearly three percent at the close," said Wang.
"Tech stocks were on firmer ground, recovering from sell-offs last week. Top tech gainers across the board included Suzhou TFC Optical, Zhongji Innolight, Cambricon Technologies and Wangsu Science. Companies linked to resource increased as precious metals rebounded, with Zijin Mining adding 3.87 percent, China Northern Rare Earth up 5.55 percent and Hunan Silver rising 9.97 percent. Meanwhile, Chinese film producers, media and entertainment shares led gains as investors bet holiday spending will boost their revenue," she said.
Chinese stocks rebound on Monday amid bullish sentiment in US, Asian markets
Spanish students have expressed their expectation that a healthy China-U.S. economic and trade relationship will inject greater stability into the global economy and create greater opportunities for Spain.
On Sunday, Chinese and U.S. delegations convened in Paris, France for talks on economic and trade issues. Guided by the consensus reached by the two heads of state in Busan and their subsequent phone talks, the two sides will conduct consultations on economic and trade matters of mutual concern.
Ahead of the talks, members of the public in Madrid, Spain, shared their views on China–U.S. economic and trade relations with China Media Group (CMG). They agreed that reaching an agreement between the world’s two largest economies would have a direct impact on the global landscape.
"They are the two countries that contribute the most economically, in a manner of speaking, to the rest of the countries. They are major importers and exporters. So I think that a satisfactory relationship between them can be very beneficial for all other countries," said Claudia, an engineering student.
Noting that both sides are important trading partners of Spain, the interviewees stated that a healthy, stable and sustainable China-U.S. economic and trade relationship also affects various aspects of the Spanish society, and that agreements between the two countries would help promote Spain's economic growth.
"I do think that it could have a certain effect on the Spanish economy, both in terms of prices, and I would dare say employment as well. Because I think that if those two great powers reach an agreement, Spain could also get in on the action. It would create quite a few jobs in Chinese and American multinationals for all Spaniards," said Claudia.
"Spain is caught in the middle; it has good relations with both the U.S. and China. If it gets on the bad side of either one, it could be hit hard, because Spain mainly relies on tourism -- well, other things too, but essentially tourism, construction and agriculture. It's very important to have more help and trade with all countries around the world," said Denis, a law student.
Spanish students say stable China-US ties benefit global economy
