FX.co ★ China Stocks Gain on AI, New Energy Boost

On Wednesday, the Shanghai Composite index rose by 0.37%, concluding at 3,876, while the Shenzhen Component index surged by 1.16%, reaching 13,215—a 3½-year high. This upward trend was bolstered by continued enthusiasm for artificial intelligence and new energy sectors. Market sentiment was also lifted by optimism surrounding US-China trade negotiations and a prospective deal with TikTok, as Presidents Donald Trump and Xi Jinping are scheduled to converse on Friday to finalize arrangements. Concurrently, Beijing has recently introduced new measures aimed at invigorating service consumption, pledging increased openness in industries such as the internet and culture, and promoting more international sporting events. Among the leading gainers were East Money Information, which rose by 1.8%, Foxconn Industrial by 2.3%, Contemporary Amperex by 6.7%, Zhejiang Sanhua by 6.8%, and Wolong Electric by 8.7%.