The Shanghai Composite rose 0.15% to 3,818 while the Shenzhen Component gained 1% to 12,680 on Thursday, extending momentum as Chinese technology stocks rallied on optimism surrounding artificial intelligence and related industries. The sector drew further support after US tech giant Oracle surged 36% on Wednesday, reporting strong cloud infrastructure growth fueled by AI demand. On the domestic front, recent data showed consumer prices in China fell 0.4% year-on-year in August, the steepest drop in six months, while producer prices declined 2.9%, easing from July’s 3.6% fall but marking the 35th consecutive month of deflation. The figures offered limited clarity on the economic outlook or the scope for additional policy measures. Among notable gainers, Eoptolink Technology jumped 6.4%, Zhongji Innolight rose 7.6%, Foxconn Industrial advanced 8.6%, Victory Giant added 1.6% and Cambricon Technologies climbed 1.9%.