Chinese Stocks Surge Amid Economic Optimism

Chinese stocks surged on Friday, buoyed by expectations of positive factory data and potential economic stimulus from an upcoming policy meeting in December. The CSI300 index rose 2.01%, marking its largest increase in three weeks, while the Shanghai Composite gained 1.59%. Sectors such as technology, healthcare, and consumer staples led the rally, contributing to overall investor optimism despite ongoing geopolitical uncertainties and tariff risks that have affected market sentiment. Analysts predict that factory activity will expand slightly, with the official PMI expected to indicate growth at 50.2. Additionally, there are signs of stabilization in the property market, with home prices projected to decline at a slower pace. The Central Economic Work Conference in December is anticipated to provide clarity on fiscal strategies and stimulus measures for the upcoming year.