China Stocks Gain on Tech Support

China Stocks Gain on Tech Support

The Shanghai Composite edged up to around 3,869 on Thursday, while the Shenzhen Component rose 0.9% to 14,192, with technology shares leading the advance amid growing optimism that AI-related firms will benefit from a surge in global investment in AI infrastructure.

In China, the E Fund Blue Chip Selected Mixed Fund sharply reduced its exposure to liquor makers while building positions in AI-related companies such as SMIC and Suzhou Dongshan Precision Manufacturing.

Similarly, the Invesco Great Wall Dingyi Mixed Fund increased its exposure to AI beneficiaries, including Zhongji Innolight and Piotech, replacing former top holdings such as Moutai and Guangdong Haid Group.

Among technology names, Zhongji Innolight climbed 2.9%, Victory Giant gained 2.9%, and Eoptolink Technology rose 1%.

Elsewhere, energy giant CNOOC rose 1.2%, tracking a rally in crude oil prices as persistent Middle East tensions fueled concerns over potential supply disruptions.

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