{
  "id": 18237104,
  "title": "China stocks extend rebound on state support, US midterm results",
  "url": "https://urgent.news/2026/11/05/china-stocks-extend-rebound-on-state-support-us-midterm-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T03:17:30.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/china-business/article/3373336/china-stocks-extend-rebound-state-support-us-midterm-results"
  },
  "original_language": "en",
  "account": "Chinese stocks continued to rebound on Thursday, buoyed by state support and a Democratic landslide victory in the US midterm elections. The CSI 300 Index gained 0.8 percent to 4,135.97, extending a 2.3 percent increase from the previous day. The chip-focused Star 50 gauge surged 5 percent, up from its 9.9 percent gain the day before. Daiwa Securities Group suggested that Democratic control of the US Congress could accelerate China's push for technological self-reliance, as the next administration may impose stricter tech export regulations to China. Chinese onshore stocks appeared to stabilize with the Democratic sweep, as state support gained traction and the prospect of an end to prolonged Middle East conflicts brought optimism. Brent oil plummeted over 9 percent to around US$93 a barrel, while the 10-year US Treasury rose, driving yields down by 4.1 basis points to 4.85 percent. Gold rebounded to US$4,100 an ounce. Fund manager Li Xuewei of HSBC Jintrust Fund Management noted that the Chinese market is expected to benefit from reduced external shocks, as falling US Treasury yields and a potential US dollar weakening will ease pressure on the valuation of yuan assets. Chinese stocks have been among the world's worst-performing assets this year, with the CSI 300 Index dropping more than 10 percent due to concerns over an uneven economic recovery and the impact of a stumble in the AI trade in the US. China has implemented measures like restarting a swap facility and reducing the interest rate on a relending program to inject liquidity into the market. US stocks also rebounded on Wednesday, with the Dow Jones Industrial Average jumping 3 percent as investors focused on tech companies' earnings resilience following the Democratic win. China's IPO pace has slowed to aid market sentiment, with the mainland's three stock exchanges accepting only six IPO applications in the second half, down from 242 in the first six months. Foreign investors have increased their allocations to Chinese stocks, with holdings surging 80 percent to over 270 billion yuan (US$40.5 billion) by the end of September under the Qualified Foreign Institutional Investor program.",
  "summary": "Chinese stocks extended their rebound for a second day on Thursday, as state support gained momentum and a Democratic landslide victory in the US congressional election removed an overhang capping risk appetite. The CSI 300 Index rose 0.8 per cent to 4,135.97 as of 10.25am local time, extending a 2.3 per cent gain a day earlier. The chip-heavy Star 50 gauge soared 5 per cent after surging 9.9 per…",
  "key_points": [
    "Chinese stocks rebounded 0.8% to 4,135.97, extending 2.3% increase",
    "Democratic victory in US midterm elections boosts China's self-reliance push",
    "Oil prices fell 9% to $93/barrel, US Treasury yields dropped 4.1 basis points"
  ],
  "editors_take": "A Democratic sweep in the United States likely forces Beijing to accelerate its pursuit of technological self-reliance as stricter export regulations become a more immediate threat to domestic industries.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}