The Shanghai Composite and Shenzhen Component indexes held steady on Thursday after rallying for three straight sessions on the back of easing Middle East tensions and fresh policy signals from Beijing. Investors welcomed news that US and Iranian officials plan to meet next week in efforts to curb Tehran’s nuclear ambitions, while the ceasefire between Iran and Israel appeared to be holding.
On the domestic front, the People’s Bank of China released draft guidelines aimed at boosting consumption and strengthening the broader economy. Measures include enhanced funding access for consumer-sector firms and support for credit availability. Chinese tech stocks also advanced, tracking gains in global peers after Nvidia surged to new record highs overnight, reclaiming its title as the world’s most valuable publicly traded company amid ongoing enthusiasm for artificial intelligence. Notable gainers included Zhongji Innolight (+2.3%), Hundsun Tech (+5.8%), and Dawning Information (+5.6%).
