Shanghai Composite rises 0.4% and Shenzhen Component gains 0.9%
Shanghai Composite rose 0.4% to 3,945 and Shenzhen Component advanced 0.9% to 13,636 as tech shares led gains. The move follows last week’s losses; China also plans CNY 300 billion ($45 billion) into major banks and insurers.
9% to 13,636, as both benchmarks recovered from last week’s losses and technology shares led the gains. S. tech performance on Friday, with enthusiasm around OpenAI’s latest AI model helping lift sentiment toward chipmakers and AI-related names. 6%.
Separately, China is injecting CNY 300 billion ($45 billion) into its largest banks and insurers in what it described as the country’s biggest financial-sector recapitalization in nearly two decades, aimed at strengthening balance sheets and supporting credit growth amid a slowing economy.