The Shanghai Composite rose 0.6% to above 3880, while the Shenzhen Component gained 1.2% to 13060 on Thursday, with mainland shares hitting one-week highs amid a sharp rebound in technology names. Sentiment improved after Alibaba reported stronger-than-expected revenue and pledged to invest aggressively in AI infrastructure. Chinese equities also tracked a strong lead from Wall Street as markets price in a deeper US Federal Reserve rate-cutting path. Tech and AI-linked stocks led the move higher, with notable gains from Zhongji Innolight (2.1%), Eoptolink Technology (7.9%), Foxconn Industrial (7.1%), Sai MicroElectronics (20%) and Cambricon Technologies (4.5%). Investors also looked forward to China’s Central Economic Work Conference in December for fresh policy signals for the year ahead.
