Chinese equities advanced on Tuesday, with the Shanghai Composite rising 0.8% to over ten-year highs above 4,050 and the Shenzhen Component gaining 0.5% to near four-year highs around 13,900. Investors largely ignored geopolitical risks from the US attack on Venezuela, while piling into high-flying technology and artificial intelligence-related stocks. Top tech performers included East Money Information (+4.5%), Leo Group (+6.5%), and Giga Device Semiconductor (+1%). Aerospace names also advanced, with China Spacesat up 1.9% and China Satellite Communications surging 9.3%. Meanwhile, China urged the US to resolve the Venezuela crisis through dialogue and emphasized that Chinese interests in Venezuela would be protected under the law.
