SHANGHAI
\nChina stocks ended slightly higher on Monday, buoyed by gains in energy and financial shares, while smaller stocks weighed on overall performance. Hong Kong shares were down.
\nFor 2024, onshore shares are set to log gains for the first time after three years of losses as multiple policy stimulus measures since September lifted market sentiment.
\nChina\u2019s blue-chip CSI300 Index closed up 0.5%, while the Shanghai Composite Index was up 0.2%. Hong Kong\u2019s benchmark Hang Seng was down 0.2%.
\nEnergy shares traded onshore were up 1.3%, leading gains in the onshore market, while financial stocks were up 1.2%.
\nSmall-cap stocks traded on the Beijing Stock Exchange slumped 4.4%, dragging on onshore performance.
\nThe market is expected to remain active in the first half of January but external disturbances are likely to increase in the latter half, leading to a cooling of market sentiment, said a strategist at Citic Securities.
\n\u201cPolicy expectations are anticipated to heat up again after the Lunar New Year,\u201d he said.
\nTrading volumes have declined since an October spike that was triggered by a slew of stimulus measures.
\nChina\u2019s finance ministry said in a statement on Monday that the proportion of new energy vehicles procured each year as government vehicles should not be less than 30% of the total and 100% in urban areas to \u201cto support and promote\u201d their use. The CSI Auto Index added 0.6% but Chinese electric vehicle giants traded in Hong Kong dropped, with Xpeng down 5.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"
SHANGHAI China stocks ended slightly higher on Monday, buoyed by gains in energy and financial shares, while smaller stocks weighed on overall performance. Hong Kong shares were down. For 2024, onshore shares are set to log gains for the first time after three years of losses as multiple policy stimulus measures since September lifted market […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-452864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n