24.12.202508:33:21UTC+00China Stocks Log Longest Winning Streak Since July

The Shanghai Composite Index gained 0.5%, closing at 3,941, while the Shenzhen Component Index rose by 0.9% to 13,486 on Wednesday. This marks a six-session winning streak for mainland stocks, their longest since July, supported by robust regional market performance during a period of light holiday trading. Investor sentiment is buoyed by a strong interest in Chinese artificial intelligence companies, as global investors search for emerging tech leaders to diversify their portfolios, even as some express caution over a potential speculative bubble. Meanwhile, U.S. authorities announced the imposition of tariffs on Chinese semiconductor imports due to concerns over industry dominance. However, the implementation of these tariffs has been postponed until June 2027, lessening immediate trade tensions for the market. Technology stocks experienced widespread gains, with notable rises from Foxconn Industrial, up 2%, SMIC gaining 1.7%, and Zhongji Innolight advancing 0.3%. Additional key performers included Luxshare Precision, which climbed 2.1%; Zijin Mining, up 0.7%; and China Mobile, increasing by 0.5%.