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Shanghai Composite Hits Decade High As Tech And AI Stocks Surge
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Shanghai equities rose to a decade high as chip and AI stocks rallied following Beijing’s renewed pledge to accelerate technology self-reliance and domestic innovation.
The Shanghai Composite Index climbed to its highest level in ten years, lifted by a rally in semiconductor and artificial-intelligence companies. Investor sentiment strengthened after China’s Communist Party pledged deeper support for domestic technology independence during its latest plenum session. Chipmakers and AI firms led gains, with daily turnover surpassing ¥1.3 trillion. Market strategists said Beijing’s policy push to reduce reliance on imported tech is fueling sustainable valuation expansion. Analysts foresee continued institutional buying amid improved liquidity and expectations of stimulus in strategic industries.