The Shanghai Composite rose 0.3% to around 3,930, while the Shenzhen Component gained 0.6% to 13,410 on Tuesday, with the mainland markets extending a five-session rally to a four-week high amid renewed optimism over AI trade. Local technology stocks led the charge, tracking Wall Street’s overnight advance as major US tech firms continued to rebound from recent volatility. Sentiment was further supported by reports that Nvidia plans to begin shipping its second-most powerful AI chips to China by mid-February. Top performers included Foxconn Industrial (+3.9%), Cambricon Technologies (+3.3%), NAURA (+3.2%), and Zhongji Innolight (+0.9%). The broader market also advanced in the shortened trading week, supported by expectations of further Federal Reserve rate cuts and the absence of major market-moving catalysts. Investors now closely monitor the National People’s Congress Standing Committee meeting for potential signs of additional policy support.
