China Stocks Log Longest Winning Streak Since July
2025-12-24 08:33
By
Joshua Ferrer
1 min. read
The Shanghai Composite rose 0.5% to close at 3,941, while the Shenzhen Component climbed 0.9% to 13,486 on Wednesday, with mainland stocks logging its six-session winning streak, their longest run since July, supported by regional market strength amid thin holiday trading.
Investor optimism is being fueled by strong interest in Chinese artificial intelligence firms, as global funds seek the next tech leaders while diversifying portfolios, even as concerns of a speculative bubble linger.
Meanwhile, US authorities announced tariffs on Chinese semiconductor imports over industry dominance concerns, though implementation has been delayed until June 2027, reducing immediate trade pressures on the market.
Technology stocks were broadly higher, led by Foxconn Industrial (+2%), SMIC (+1.7%), and Zhongji Innolight (+0.3%).
Other notable gainers include Luxshare Precision (+2.1%), Zijin Mining (+0.7%), and China Mobile (+0.5%).