The Shanghai Composite rose 0.2% to above 3,950 while the Shenzhen Component lost 0.15% to 13,060 on Thursday, with mainland stocks showing mixed performances after China’s central bank kept key lending rates unchanged as expected, signaling no immediate policy easing. The PBOC held its one- and five-year loan prime rates at 3% and 3.5%, respectively, keeping them at record lows for the sixth straight meeting. Investors also weighed the impact of a deepening diplomatic spat between Beijing and Tokyo following Japanese Prime Minister Sanae Takaichi’s comments on Taiwan. Meanwhile, technology stocks advanced as Nvidia’s strong earnings report helped ease concerns over a potential artificial intelligence bubble. Top gainers included Zhongji Innolight (1.9%), Eoptolink Technology (1.4%), Beijing Teamsun (4.4%), Foxconn Industrial (0.6%) and Victory Giant (0.9%).
