China Stocks Gain to Kick Off July

2026-07-01 02:05 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite edged up 0.1% to 4,098 on Wednesday, while the Shenzhen Component gained 0.6% to 16,303, with both indexes extending their winning streak to a third consecutive session, largely driven by gains in technology stocks.

The sector extended its advance as investors shrugged off recent concerns over elevated AI-related valuations and focused on upbeat guidance from semiconductor manufacturers.

Chinese tech stocks broadly advanced, including SMIC (0.9%), Shennan Circuit (3.8%), Zhongji Innolight (2.2%), and Eoptolink Technology (1.6%), and NAURA Technology (1.9%).

Meanwhile, a private survey showed that China's Manufacturing PMI edged down to a three-month low of 51.7 in June from 51.8 in May, though it remained slightly above expectations of 51.6.

The data followed stronger-than-expected official figures released on Tuesday, which showed the Manufacturing PMI rising to 50.3 from 50.0, above forecasts of 50.1 amid resilient demand for high-tech exports.



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China Stocks Gain to Kick Off July
The Shanghai Composite edged up 0.1% to 4,098 on Wednesday, while the Shenzhen Component gained 0.6% to 16,303, with both indexes extending their winning streak to a third consecutive session, largely driven by gains in technology stocks. The sector extended its advance as investors shrugged off recent concerns over elevated AI-related valuations and focused on upbeat guidance from semiconductor manufacturers. Chinese tech stocks broadly advanced, including SMIC (0.9%), Shennan Circuit (3.8%), Zhongji Innolight (2.2%), and Eoptolink Technology (1.6%), and NAURA Technology (1.9%). Meanwhile, a private survey showed that China's Manufacturing PMI edged down to a three-month low of 51.7 in June from 51.8 in May, though it remained slightly above expectations of 51.6. The data followed stronger-than-expected official figures released on Tuesday, which showed the Manufacturing PMI rising to 50.3 from 50.0, above forecasts of 50.1 amid resilient demand for high-tech exports.
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The Shanghai Composite rose 0.5% to close at 4,094 on Tuesday, while the Shenzhen Component climbed 2.48% to 16,206, as stronger-than-expected PMI data reinforced optimism about China's economic health. Official data showed that the Composite PMI edged up to a six-month high of 50.6 in June from 50.5 in May. The Manufacturing PMI rose to 50.3 from 50.0, beating forecasts of 50.1, supported by robust demand for high-tech exports, which helped cushion trade disruptions linked to tensions in the Middle East. Meanwhile, the Non-Manufacturing PMI ticked higher to 50.2 from 50.1, defying expectations of 49.9 and signaling continued stabilization in the sector. Technology stocks outperformed as investors returned to AI-related names. Among the top gainers were Cambricon Technologies (7.66%), Zhongji Innolight (4.10%), Eoptolink Technology (8.98%), and NAURA Technology (2.83%). For June, the Shanghai Composite gained 0.63%, while the Shenzhen Component surged 4.05%.
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