Factbox: China new energy shares, Apple suppliers lead gains as U.S. election result awaited

China’s new energy shares and Apple suppliers led the gains in the A-share market on Thursday, while defence companies lost ground, as early returns from the U.S. election pointed to a win for Democratic challenger Joe Biden. While analysts expect little change in U.S. policy toward China whatever the outcome, a Biden administration is expected to bring a more nuanced, multilateral approach to trade and a less hawkish foreign policy toward developments in the Taiwan Strait.

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