China stocks rise on coal, chips; brokerages up after regulatory crackdown

** At the close, the benchmark Shanghai Composite index was up 1%, while China's blue-chip CSI300 Index rose 1.6%. ** "The actual impact (of the crackdown) on Hong Kong stocks and Chinese ADRs in the broader market is relatively limited, and ⁠the trend ​toward improved liquidity in ⁠the Hong Kong stock market will remain unchanged," analysts at SWS Research said in a note.

Mainland China stocks closed higher on ​Monday, lifted by the coal sector after the country's ​worst mine disaster in 17 ‌years raised ​expectations that stricter safety scrutiny would tighten supply, while semiconductor shares also aided the market.

** Chinese coking coal prices soared to their highest in nearly two ‌weeks and a sub-index tracking the coal industry jumped 2.6% after the accident late on Friday. ** Brokerage shares advanced after China announced a major crackdown on cross-border investment and said it would punish brokers it accused of illegally moving ‌money to foreign markets.

** The CSI all share investment banking and brokerage index ended 1% higher, while ‌major Chinese brokerages China Merchants and CITIC Securities edged higher. ** At the close, the benchmark Shanghai Composite index was up 1%, while China's blue-chip CSI300 Index rose 1.6%.

** "The actual impact (of the crackdown) on Hong Kong stocks and Chinese ADRs in the broader market is relatively limited, and ⁠the trend ​toward improved liquidity in ⁠the Hong Kong stock market will remain unchanged," analysts at SWS Research said in a note. ** "In the short term, the impact on the ⁠market is primarily psychological; in terms of liquidity, the actual impact on large-cap blue-chip stocks in overseas markets is minimal."

** Hong ​Kong markets were closed for a public holiday, and will resume trading on Tuesday. ** "Growth momentum has ⁠strengthened, market sentiment has clearly turned more positive, and the sustained recovery in the property market has further improved confidence," said Wee Khoon Chong, APAC ⁠macro ​strategist at BNY.

** "These factors have supported Hong Kong's capital markets, as evident in the sharp pickup in IPO activity since the second half of 2025, which has continued into 2026." ** Semiconductor shares rose after ⁠Huawei Technologies said it expects to design high-end chips by 2031 with transistor density equivalent to 1.4-nanometre process. A ⁠sub-index tracking the industry surged ⁠7.1%, while China's tech-focused STAR50 jumped 5.9%.

** Hopes of a deal to reopen the Strait of Hormuz lifted market sentiment, even as the Trump administration played down the chances ‌of reaching an ‌agreement with Iran soon.