The Shanghai Composite rose 0.1% to around 3,830 while the Shenzhen Component gained 0.7% to 13,000 on Wednesday, with mainland shares snapping a two-day decline amid a rebound in technology stocks. Notable performers included Eoptolink Technology (+3.8%), Zhongji Innolight (+2.3%), Shenzhen Envicool (+8.8%), Suzhou TFC Optical (+6.3%), and Victory Giant (+1.5%). Chinese chipmaker MetaX Integrated Circuits Shanghai also surged over 500% on its market debut after raising $600 million in its IPO. Similar to Moore Threads, which debuted earlier this month, MetaX develops graphics processing units for artificial intelligence applications. Meanwhile, analysts at Goldman Sachs project that Chinese equities could gain 30% by the end of 2027, supported by pro-market policies, rising corporate profits, and strong capital flows, according to a Bloomberg report.
