Shanghai Stocks Close at Fresh 10-Year High
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The Shanghai Composite Index rose 0.53% to 4,019, marking a 10-year high, driven by defensive stocks as investors shifted from tech sectors. This increase followed global market trends amid optimism over a potential end to the US government shutdown. Notable gainers included Guangzhou Tinci Materials (2.9%), China Tourism Group (10%), and Kweichow Moutai (2%). Additionally, Wingtech Technology's shares rose 3% after export control exemptions were granted. Consumer prices increased by 0.2% in October, while producer prices fell 2.1%.
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