FX.co ★ China Stocks Jump on Tech Boost

The Shanghai Composite Index advanced by 0.9%, surpassing the 3,870 mark, while the Shenzhen Component Index surged by 2.3% to 12,870 on Tuesday. This progress extends gains observed in the previous session, driven primarily by technology and artificial intelligence stocks. The uptrend in mainland stocks mirrored a technology-led rally on Wall Street overnight, fueled by renewed optimism for a potential interest rate cut by the Federal Reserve in December. Investor sentiment received an additional boost following a phone conversation between Chinese President Xi Jinping and US President Donald Trump on Monday—their first interaction since agreeing on a trade deal last month—indicative of improving Sino-US relations. Significant gainers in the tech sector included Zhongji Innolight, which climbed 7.6%, Eoptolink Technology, up by 7.1%, Foxconn Industrial, which increased by 3.6%, Zhejiang Sanhua, rising 3.4%, and BlueFocus Intelligent, which appreciated by 5.6%.