Chinese indices rose following the decision to keep interest rates unchanged

Chinese indices closed higher on Monday, after the central bank kept interest rates unchanged for the eleventh consecutive month, reflecting the authorities’ continued confidence in achieving this year’s economic growth target.

The Shanghai Composite index climbed by about 0.75% to reach 4,082 points. The CSI 300 rose by roughly 0.6% to 4,757 points, while the Shenzhen Composite gained about 0.7% at the close to end at 2,762 points.

In contrast, the value of the U.S. dollar versus the Chinese yuan held steady at 6.8181 yuan by 1:37 p.m. Mecca time.

Technology, artificial intelligence, and advanced manufacturing sectors led the upswing. AI-related stocks rose after reports that the startup “DeepSeek” is holding talks to raise $300 million at a valuation of $10 billion, according to Reuters.