China Stocks Gain for Second Session

The Shanghai Composite rose 0.2% to around 4,130, while the Shenzhen Component inched up 0.05% to 14,215 on Tuesday, extending gains from the previous session as technology stocks rebounded for a second day. The move suggested easing concerns over heavy AI spending and potential disruption to software business models, which had triggered a global tech selloff last week. Tech shares led the advance, with notable performers including Eoptolink Technology (+2%), GCL System Integration (+4.2%), Cambricon Technologies (+2.4%) and Hygon Information (+5%). Clean energy and resource-related stocks also posted gains. In corporate news, COL Group surged 15% as media and AI-related firms rallied following ByteDance’s launch of a new AI video-generation model that exceeded market expectations.

The Shangai Composite Index went up by 57 points or 1.41 percent on Monday to close at 4123 points. The rise was led by Inner Mongolia BaoTou Steel (5.88%), China International (4.87%) and LONGi Green (4.47%).

The Shanghai Composite rose 1.41% to close at 4,123, while the Shenzhen Component gained 2.17% to 14,208 on Monday, recovering last week’s losses as dip buyers stepped in, with technology and mining stocks leading the rebound. Last week, tech shares had come under pressure amid concerns over heavy AI spending and potential disruption to traditional software business models. Top tech gainers on Monday included Suzhou TFC Optical (17.8%), Eoptolink Technology (7.8%), Zhongji Innolight (4.8%), BlueFocus Intelligent (5%) and Cambricon Technologies (4.8%). Resource-related firms also advanced as precious metals rebounded, with Zijin Mining up 3.9%, China Northern Rare Earth 5.6%, and Hunan Silver 10%. In corporate news, Montage Technology shares surged more than 50% in their Hong Kong debut following a share sale that raised $902 million.