May 11, 2026, 11:54 GMT+7
Reuters - Chinese stocks hit a near 11-year high on Monday, supercharged by a strong tech rally driven by renewed AI optimism and export strength.
** At the midday break, the benchmark Shanghai Composite indexwas up 0.9% at 4,219.13, after touching its highest level since July 1, 2015, in earlier trade.
** The blue-chip CSI 300 Indexwas up 1.4%, its highest in more than 4 years.
** In Hong Kong, the Hang Seng Indexwas down 0.3% at 26,318.37.
** Tech shares powered the markets higher, buoyed by a broader regional rally as optimism about AI grew.
** The CSI Semiconductor Index (.CSI931865) surged 7.3% to a record. The CSI AI Indexclimbed 3% and the info tech sector indexsurged 4.8%, also touching all-time highs.
** The tech-focused Star Indexwas up 5.3%, while ChiNext Indexadded 3%.
** China's export growth rebounded strongly in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid the Iran conflicts.
** Meanwhile, the country's producer price index (PPI) surpassed expectations in April to hit a 45-month high, while consumer inflation also accelerated as global energy costs remained elevated, data released on Monday showed.
** "Growing global AI computing demand will continue lifting semiconductor-related exports going forward," with China's manufacturing cost advantage becoming more pronounced, analysts at CITIC Securities wrote in a note.
** Elsewhere, investors are also watching the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, where Iran, Taiwan, and artificial intelligence are set to be discussed.
** Amid escalating tensions across the world, this summit could be a step where the two dominant powers manage their rivalry, maintain the uneasy calm, and avoid a total breakdown in relations through high-level personal diplomacy, analysts at Nomura said.

Sumber : Reuters