Chinese Stocks Rally on Renewed Investor Confidence; Shaanxi Tourism Culture Industry Up 64% in Debut

Published on 01/06/2026 at 02:44 am EST
(MT Newswires) -- Chinese shares rallied on Tuesday as investors were confident in China's economic fundamentals ahead of the New Year holidays starting mid February.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.5% to 4,083.67, touching its highest level since July 2015. The Shenzhen Component Index climbed 1.4% to 14,022.55.
"Clients see limited downside risk ?in January, ?with capital returning to popular themes and a tactical upside window before the holiday lull," The Malay Mail cited UBS analysts as saying.
UBS added that the rebound in Chinese equities since December 2025 boosted market confidence, with investors expected to remain active until this year's Spring Festival.
In company news, shares of Shaanxi Tourism Culture Industryclimbed 64% versus their initial public offering price of 80.44 yuan on the first day of trading on the Shanghai bourse.

Sumber : MT Newswires