Chinese Stocks Climb for Second Day as Services Sector Grows

MT Newswires Live15:39

Chinese equities gained for a second day as sentiment rose following data showing the expansion of the country's services sector activity.

The Shanghai Composite Index added 0.9%, or 34.46 points, to finish Wednesday's trade at 4,102.20. The Shenzhen Component Index inched 0.2% higher, or 29.17 points, to 14,156.27.

The RatingDog China General Services PMI rose to 52.3 in January, up from 52.0 in December 2025, with the latest reading the highest since October 2025.

The private reading was in contrast to the official reading, which showed that the services slowed down. Data from the National Bureau of Statistics indicated that the non-manufacturing PMI slid to 49.5 in November 2025 from 50.1 in October 2025, the lowest since December 2022.

In corporate news, Shengda Resources (SHE:000603) rose 3.1% after completing the acquisition of 55% of Guangxi Laibin Jinshi Mining.

Fulin Precision (SHE:300432) soared 8.5% after decreasing its stake in a unit, which was added to Contemporary Amperex Technology's (SHE:300750, HKG:3750) stake.

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