Chinese markets rebound as AI stocks lead the gains

Chinese stock markets rebounded on Wednesday after sharp losses in the previous session. The Shanghai Composite rose 0.91% to close at 3,681.5, while the Shenzhen Component gained 2.02% to end at 11,473.2. The recovery was mainly driven by renewed optimism around artificial intelligence (AI) stocks.

Technology stocks led the rally as investors looked ahead to earnings reports from major US tech companies, including Alphabet, Microsoft and Amazon. Strong results from these companies could support positive sentiment across the global technology sector.

Chinese chip and hardware stocks also performed well. Cambricon Technologies rose 4.93%, SMIC gained 2.0%, NAURA Technology climbed 3.6%, and Eoptolink Technology advanced 3.2%. Zhongji Innolight surged 10.28%. Investors are expecting strong earnings from domestic technology companies to support their high stock valuations.

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