4 June 2025, 06:49 China: Stocks Rise for Second Session on Tech Boost.
Chinese stocks extended gains on Wednesday, with the Shanghai Composite rising 0.3% to above 3,370 and the Shenzhen Component climbing 0.9% to 10,150. It marked the second straight day of gains, driven by strength in technology shares and positive momentum from Wall Street, where Nvidia surged nearly 3% to reclaim its title as the world’s most valuable publicly traded company. Gains came despite escalating trade tensions, as Beijing firmly rejected President Donald Trump’s accusation of breaching a temporary trade deal and warned of possible retaliation. However, sentiment remained cautiously optimistic amid speculation that Trump and Chinese President Xi Jinping may hold talks this week to ease tensions. Notable gainers included Eoptolink Technology (+6.1%), Zhongji Innolight (+5.6%), GZ Kingteller (+9.5%), and Wus Printed Circuit (+6.2%).
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