The Shanghai Composite edged up 0.2% to 3,742, while the Shenzhen Component gained 0.6% to 11,870, as upbeat corporate earnings lifted sentiment toward technology stocks.
SpaceX reported net income well above market expectations, while Super Micro Computer also delivered better-than-expected results, helping ease concerns over stretched AI valuations and funding pressures that recently rattled the sector.
Cambricon Technologies (1.2%), Hygon Information Technology (2.1%), Zhongji Innolight (2.5%), Eoptolink Technology (3.1%) and NAURA Technology (2.2%) were among the top gainers.
In contrast, CATL plunged 5.4% after Q3 earnings missed market expectations, as rising costs and other pressures squeezed margins.
Meanwhile, investors continued to assess the stronger economic growth outlook, which gives policymakers more room to delay further stimulus.
However, sluggish domestic investment and consumption continue to pose risks to growth in the absence of broader policy support.
Sumber : Trading Economics
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