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China Stocks Extend Gains to Multi-Year Highs

The Shanghai Composite rose 0.3% to around 4,095, while the Shenzhen Component added 0.35% to 14,070 on Wednesday, with mainland equities climbing to fresh multi-year highs amid optimism over China’s progress in artificial intelligence and other advanced technologies. Expectations of additional policy support further boosted sentiment after the central bank signaled plans to cut the reserve requirement ratio and key policy rates later this year. Meanwhile, data showed trading turnover at the start of the year significantly exceeded the five year daily average of 1.13 trillion yuan, pointing to sustained investor participation and potential upside. Strong gains were recorded among growth names, including Addsino Co (6.4%), Zhongji Innolight (2.5%), Goldwind Sciences (3.8%), BlueFocus Intelligent (5.3%), and Beijing Leike Defense Technology (5.9%).

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