China Stocks Jump on Tech Boost
2025-11-25 02:52
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite rose 0.87% to close at 3,870, while the Shenzhen Component jumped 1.53% to 12,777 on Tuesday, extending gains from the previous session as technology and artificial intelligence stocks led the market higher.
Mainland shares also followed a tech-driven rally on Wall Street overnight amid renewed optimism for a Federal Reserve interest rate cut in December.
Sentiment was further supported after Chinese President Xi Jinping and US President Donald Trump held a phone call on Monday, their first discussion since agreeing on a trade deal last month, signaling improving Sino-US relations.
Key tech gainers included Zhongji Innolight (5%), Eoptolink Technology (4%), Foxconn Industrial (1.2%), Victory Giant (5.3%) and Zhejiang Sanhua (1.9%).
In corporate news, Suzhou Novosense jumped 5% as the analog chips maker said it plans to nuy back 200-400 million yuan worth of its own shares.