The Shanghai Composite added 0.15% to around 3,860 while the Shenzhen Component advanced 1.2% to 13,515 on Thursday, with mainland equities rising for a second session on strength in high-growth technology shares. China’s ongoing drive in artificial intelligence lifted sentiment, with Alibaba announcing plans to launch its first data centers in Brazil, France and the Netherlands to accelerate its global AI expansion. Optimism was also supported by signs of easing US-China trade tensions, though US Ambassador to China David Perdue indicated that a long-awaited meeting between President Donald Trump and President Xi Jinping is more likely next year than this fall. Major gainers included Eoptolink Technology (6.3%), Zhongji Innolight (2.3%), IEIT Systems (10%), Contemporary Amperex (3.5%) and Sungrow Power (1.9%).
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.