empty
 
 

13.08.202601:57:42UTC+00China Stocks Track Asian Peers Higher

The Shanghai Composite Index rose 0.3% to 3,957 on Thursday, while the Shenzhen Component Index gained 1% to 14,554, extending the previous session’s advance and mirroring strength across Asian markets amid a renewed, AI-driven global rally. Risk appetite for technology shares continued to recover after last month’s sharp selloff, supported by robust earnings from major tech firms that bolstered confidence in sustained investment in AI infrastructure and mounting evidence of AI adoption spreading across a broader range of applications.

In China, focus remained squarely on Semiconductor Manufacturing International Corp., scheduled to report earnings later on Thursday, with net profit forecast to more than double from a year earlier. Within the sector, notable gainers included Cambricon Technologies (up 1.4%), SMIC (up 2%), Zhongji Innolight (up 3.8%), Eoptolink Technology (up 3.1%) and NAURA Technology (up 1.9%). By contrast, energy shares underperformed, with PetroChina (down 3.6%) and CNOOC (down 2.5%) among the weakest names.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback