The Shanghai Composite rose 0.83% to 3,854 while the Shenzhen Component jumped 1.8% to 13,356 on Wednesday, with the latter reaching a new 3-½-year high on strength in technology and new energy shares.
Sentiment also improved on signs of easing US-China trade tensions, though US Ambassador to China David Perdue noted that a much-anticipated meeting between President Donald Trump and President Xi Jinping is more likely next year than this fall.
Meanwhile, the People’s Bank of China left key lending rates unchanged this week but pledged to deploy policy tools to support liquidity and growth.
Notable gainers included Luxshare Precision (+7.4%), Sungrow Power (+7.4%), Shenzhen H&T Intelligent (+1.7%), Contemporary Amperex (+3.2%), and Hygon Information (+2.1%).
