May 6, 2026, 11:41 GMT+7
Reuters - China's blue-chip index jumped to a four-year high on Wednesday as traders returning from a five-day holiday snapped up tech shares, inspired by persistent global enthusiasm around artificial intelligence, and fresh signs of China's economic resilience.
** Hong Kong stocks also rose, joining a regional relief rally as hopes grew for a U.S.-Iran deal to end the two-month Middle East war.
** The blue-chip CSI300 Indexadvanced 1.6%, hitting the highest since early 2022. The Shanghai Composite Indexgained 1.3% and the tech-focused

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50 Indexsurged 8%.
** In Hong Kong, the Hang Seng Indexrose 0.8%.
** "If you look at global events during the holiday, what people had feared did not happen," Deng Lijun, strategist at Huajin Securities, said, referring to concerns of renewed U.S. strikes on Iran.
** Instead, China's market reopening was greeted by signs of domestic economic resilience, and strong tech share performance in global markets, he told a road show.
** Data released on Wednesday showed China's services activity expanded at a faster pace in April.
** Sentiment was also lifted by robust growth in China's tech sector.
** The 2025 net profit of companies listed on Shenzhen's startup board ChiNext and Shanghai's

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Market grew 20% year-on-year, far outpacing the broader market, reflecting tentative success in China's economic restructuring.
** SWS Research judged that profitability of China-listed companies has bottomed out, underlining the edge in Chinese manufacturing.
** Meanwhile, confidence about China's technology self-reliance grew after media reports that Huawei expects revenue from its AI chips to jump at least 60% this year.
** An index tracking Chinese chipmakers surged 9% to an all-time high, while investors also piled into AI stocks .
** Energy stocksfell in China amid signs of easing tensions in the Middle East.
** U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran.

Sumber : Reuters