Shanghai Stock Exchange Index Fluctuations
(Provided by Infomax)

(Seoul=Yonhap Infomax) Ji Yeon Kim – On the 25th, Chinese equities advanced as renewed enthusiasm for artificial intelligence (AI) and signs of easing tensions between the US and China buoyed investor sentiment.


According to the Yonhap Infomax World Stock Index (screen number 6511), the Shanghai Composite Index closed up 33.26 points, or 0.87%, at 3,870.02. The Shenzhen Composite Index finished 33.97 points higher, or 1.42%, at 2,424.95.


The Shanghai market opened higher and maintained its upward trajectory throughout the session.


Positive reviews of Google's AI service 'Gemini 3.0' fueled a broad-based rally in technology stocks on Wall Street overnight, which in turn provided a tailwind for Chinese equities. Technology shares led gains in the Chinese market as well.


AI-related stocks and 5G (fifth-generation mobile network) telecom shares outperformed, with semiconductor company GigaDevice Semiconductor Inc. (SHS:603986) surging more than 6%.


Expectations of reduced friction between Washington and Beijing also supported the indices, after former US President Donald Trump hinted at a potential 'big event' involving reciprocal state visits by the two countries' leaders next year.


Overnight, Trump posted on his social media platform Truth Social, "Just had a very good call with President Xi Jinping of China," adding that they discussed a range of topics including the Ukraine-Russia situation, fentanyl, soybeans, and other agricultural products.


He continued, "President Xi invited me to visit Beijing in April next year, and I accepted. In return, I invited him for a state visit to the US later that year."


Anticipation is also building for new stimulus measures from the Chinese government ahead of the Central Economic Work Conference (CEWC) scheduled for December, which is expected to set next year's growth targets.


The yuan was set stronger against the dollar.


On the morning of the 25th, the central parity rate for the dollar-yuan exchange was set at 7.0826 yuan, down 0.0021 yuan (0.03%) from the previous session, indicating a strengthening of the yuan against the greenback.


jykim@yna.co.kr


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