Published on 08/27/2026 at 04:33 am EDT
(Reuters) - Chinese stocks closed up on Thursday, as strong revenue projections from U.S. chip giant Nvidia boosted investor appetite for artificial intelligence and hardware-related shares, while Hong Kong shares ended lower.
** China's blue-chip CSI300 Index ended 0.9% higher, while the Shanghai Composite Index gained 1.1%. Hong Kong benchmark Hang Seng was down 0.3%.
** Technology and hardware manufacturing shares led gains onshore. The 5G Communication Index climbed 3.8%, while onshore artificial intelligence shares rose 3.6%. The tech-focused 50 Index advanced 3.8%.
** Broader tech sentiment was lifted after Nvidia on Wednesday forecast a 70% jump in annual revenue, underscoring unrelenting demand for artificial intelligence hardware even as it warned that memory component shortages would constrain growth.
** Chinese memory chip giant CXMT jumped 5.4%, while Shengyi Technology, a supplier of electronic base materials, surged 8.4%.
** Optical fiber producers strengthened as well, with Yangtze Optical Fibre and Cable surging 10% to its daily maximum.
** Onshore non-ferrous metal shares extended a rally, rising 1.5%, led by gold miners, with Hunan Gold rising 10% to its daily trading maximum.
** China's industrial firms reported slower profit growth in July, with export-focused sectors riding the global AI boom, while industries reliant on domestic demand remained under pressure.
** Hong Kong-listed tech heavyweights, which are dominated by internet platform firms and lack major hardware makers, ended 0.1% down.
** AI developer Minimax shares rose 3.8% after it posted a nearly four-fold jump in first-half revenue.
** Hong Kong shares of Zhongji Innolight climbed 3.1% on inclusion in the Stock Connect trading list.
(Reporting by Shanghai Newsroom; Editing by Ronojoy Mazumdar)
Sumber : Reuters
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