10.07.202602:05:33UTC+00China Stocks Extend Gains

The Shanghai Composite edged up 0.2% to 4,045 on Friday, while the Shenzhen Component advanced 1.2% to 15,580, extending the prior session’s gains. The move was led mainly by robust rallies in technology and semiconductor stocks, which followed the overnight rebound in global markets as investor confidence in the artificial intelligence theme returned after a recent sharp selloff.

Among the standout performers were Hygon Information Technology (up 4.3%), SMIC (0.9%), GigaDevice Semiconductor (5.9%), Eoptolink Technology (2.6%), and NAURA Technology (2.1%).

Investors are now focused on a packed schedule of Chinese economic data due next week, including trade figures, second-quarter GDP, industrial production, retail sales, and the unemployment rate. These releases are expected to offer fresh insight into the underlying strength of the country’s economy.

Despite Friday’s advance, the Shanghai Composite and the Shenzhen Component were set to deliver mixed performances for the week.