China Stocks Gain for Second Session

2026-02-04 07:41 By Jam Kaimo Samonte 1 min. read

Mainland Chinese equities advanced for a second straight session on Wednesday, as strength in clean energy, consumer, and defense stocks offset continued weakness in the tech sector.

The Shanghai Composite rose 0.85% to close at 4,102, while the Shenzhen Component added 0.21% to 14,156.

Gains were led by Contemporary Amperex (4.9%), Sungrow Power (1.6%), Goldwind Science (0.4%), Kweichow Moutai (3.4%), and China Spacesat (3.3%).

In contrast, tech shares remained under pressure amid global concerns that AI-driven disruption could undermine traditional software business models.

Notable decliners included Zhongji Innolight (-5%), Eoptolink Technology (-7%), Shenzhen Sunway (-11.9%), BlueFocus Intelligent (-8%), and Leo Group (-9%).

On the macro front, a private survey showed China’s services sector growth accelerating to a three-month high in January, supported by stronger new orders and solid foreign demand.



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