May 11, 2026, 15:25 GMT+7
Chinese stocks closed near an 11-year high on Monday, supercharged by a strong tech rally driven by renewed AI optimism and export strength.
** At market close, the benchmark Shanghai Composite indexwas up 1.1% at 4,225.02, its highest since June 30, 2015.
** The blue-chip CSI 300 Indexwas up 1.7%, its highest in more than four years.
** In Hong Kong, the Hang Seng Indexwas largely flat to close at 26,406.84.
** Tech shares powered the markets higher, buoyed by a broader regional rally as optimism about AI grew.
** The CSI Semiconductor Indexsurged 6.3% to a record high. The CSI AI Indexclimbed 3.2% and the info tech sector indexsurged 4.4%, also touching all-time highs.
** The tech-focused Star Indexwas up 4.7%, while ChiNext Price Indexadded 3.5%.
** 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
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