The Shanghai Composite rose 0.3% to above 3,500 while the Shenzhen Component edged up 0.1% to 10,590 on Thursday, recouping losses from the previous session and taking cues from a strong lead on Wall Street where technology stocks rallied on sustained enthusiasm for artificial intelligence. Investors also weighed shifting global trade dynamics after US President Donald Trump announced a 50% tariff on Brazil, effective August 1, citing unfair trade practices. On the domestic front, attention turned to upcoming Chinese trade data due over the weekend, which could shed light on the evolving impact of US-China trade relations. Notable gainers included China Northern Rare Earth (+6.1%), CNPC Capital (+6%), Shenzhen Forms (+5.3%), Global Top E-Commerce (+10%), and Shanghai DZH (+1.3%).