Shanghai stocks scale 10-year high as chip, AI firms jump


A screen displays market movements in the Shanghai Stock Exchange. — AFP

SHANGHAI: Shanghai stocks hit a 10-year high on Friday while the mood in Hong Kong was also upbeat toward the end of a volatile week, as chip-making and artificial intelligence (AI) stocks climbed after Beijing vowed to focus on technology and security.

Policymakers' pledge to "resolutely" achieve economic targets this year also injected optimism into a market clouded by tariff uncertainty as Chinese and U.S. leaders are expected to meet next week in South Korea to defuse trade tensions.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , Hong Kong , stock , HKEX , CSI300 , SCI , Hang Seng

Next In Business News

MUFG sees ringgit strengthening to 3.70 by end-2026
BMS Holdings stays cautiously optimistic for FY26
PUC receives conditional LFSA approval for Labuan banking licence
P.A. Resources records higher 2Q revenue
Johor Plantations' net profit rises 34%to RM345mil in FY25
DayOne opens Johor training centre, expands KL shared services hub
Betamek’s 3Q profit jumps 90%, declares 1.25 sen dividend
Hextar Industries buys 51% stake in llaollao operator for RM177.5mil
Ringgit hits near eight-year high of 3.89 vs US dollar
Oriental Kopi acquires land in Selangor for RM23mil

Others Also Read