Chinese Shares Higher, Led by Hardware Stocks -- Market Talk

Dow Jones

2025/02/21

0420 GMT - Chinese shares are higher at the midday break, with the Shanghai Composite Index adding 0.8% at 3376.72. The Shenzhen Composite Index gains 1.4% at 2084.59 and ChiNext Price Index is 2.2% higher at 2275.32. Investor sentiment has been boosted by positive tech earnings, with Alibaba posting its highest revenue growth in more than a year. Among major stocks, hardware companies are leading the gains as investors expect higher chip demand as AI adoption widens. SMIC adds 5.7% and Hygon Information Technology gains 16%. Banks are lower; China Construction Bank is 1.4% lower and Industrial & Commercial Bank of China, declines 1.3%. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

February 20, 2025 23:20 ET (04:20 GMT)

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The Shenzhen Composite Index gains 1.4% at 2084.59 and ChiNext Price Index is 2.2% higher at 2275.32. Investor sentiment has been boosted by positive tech earnings, with Alibaba posting its highest revenue growth in more than a year. Among major stocks, hardware companies are leading the gains as investors expect higher chip demand as AI adoption widens. SMIC adds 5.7% and Hygon Information Technology gains 16%. Banks are lower; China Construction Bank is 1.4% lower and Industrial &amp; Commercial Bank of China, declines 1.3%. 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The Shenzhen Composite Index gains 1.4% at 2084.59 and ChiNext Price Index is 2.2% higher at 2275.32. Investor sentiment has been boosted by positive tech earnings, with Alibaba posting its highest revenue growth in more than a year. Among major stocks, hardware companies are leading the gains as investors expect higher chip demand as AI adoption widens. SMIC adds 5.7% and Hygon Information Technology gains 16%. Banks are lower; China Construction Bank is 1.4% lower and Industrial &amp; Commercial Bank of China, declines 1.3%. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 20, 2025 23:20 ET (04:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513382162","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513382162","pubTimestamp":1740111600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0420 GMT - Chinese shares are higher at the midday break, with the Shanghai Composite Index adding 0.8% at 3376.72. 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The Shenzhen Composite Index gains 1.4% at 2084.59 and ChiNext Price Index is 2.2% higher at 2275.32. Investor sentiment has been boosted by positive tech earnings, with Alibaba posting its highest revenue growth in more than a year. Among major stocks, hardware companies are leading the gains as investors expect higher chip demand as AI adoption widens. SMIC adds 5.7% and Hygon Information Technology gains 16%. Banks are lower; China Construction Bank is 1.4% lower and Industrial & Commercial Bank of China, declines 1.3%. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 20, 2025 23:20 ET (04:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}