The Shanghai Composite rose 0.2% to around 3,885 while the Shenzhen Component added 0.5% to 13,280 on Thursday, with mainland benchmarks touching fresh multi-year highs and tracking global gains after the US Federal Reserve delivered a quarter-point rate cut as expected.
The Fed also signaled two more cuts this year but only one in 2026, countering forecasts for two or three next year.
Risk appetite was further lifted by optimism over US-China trade negotiations and a potential TikTok agreement, with President Donald Trump and President Xi Jinping set to speak Friday on the terms. Separately, China's cyberspace regulator reportedly directed firms including Alibaba to halt purchases of Nvidia's RTX Pro 6000D, a workstation chip that can be adapted for AI. Tech names led the rally, with Cambricon Technologies (+2.9%), Hygon Information (+6.7%) and Dawning Information (+6%) posting strong gains.
Sumber : tradingview.com
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