ChiNext Index Rockets Over 3%
ChiNext index surges over 3%, Shanghai Composite rises 0.12%, Shenzhen Component up 1.36%. Photovoltaic, energy storage, power, and compute hardware sectors lead gains across nearly 2000 rising stocks.
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A-Shares Rally as Storage Stocks Surge
China's major A-share indices closed higher with Shanghai up 0.32%, Shenzhen 1.05%, and ChiNext 2.02%. Over 3500 stocks rose, led by new stock N Zuxing up over 400% on debut. Storage and computing power stocks like Xinyisheng, Baiwei Storage, Tianfu Comm, Jiangbolong gained over 8%.
ChiNext Surges 2% on Compute Hardware Lead
ChiNext index rises 2%, Shenzhen Component up 1.01%, Shanghai Composite 0.09%. PV, lithium batteries, compute hardware sectors lead gains. CATL surges 5%, nearly 2300 stocks up across markets.
HK Stocks Rally as AI Scare Fades
Hong Kong stocks rose in a relief rally on Wednesday as concerns about artificial intelligence disruption eased. The Hang Seng Index climbed 0.6% to 26,739.79, with the Hang Seng Tech Index gaining 1%. Mainland indices CSI 300 and Shanghai Composite added 0.5%, led by gains in Haidilao and Anta Sports.