The Shanghai Composite rose 0.2% to above 3,880 and the Shenzhen Component added 0.3% to 13,020 on Friday, with mainland equities hitting multi-year highs in line with gains across global markets.
On Thursday, all three major US indexes closed at record levels as signs of a cooling labor market and moderate inflation strengthened expectations for deeper Federal Reserve rate cuts.
In China, technology shares extended their rally on optimism surrounding artificial intelligence and semiconductor industries.
Among notable movers, Luxshare Precision advanced 3.3%, Cambricon Technologies rose 3.8%, Hygon Information Technology gained 2.1%, Foxconn Industrial climbed 3.9% and Dawning Information Industry surged 7.6%.
For the week, the Shanghai index is on track to gain about 2% and the Shenzhen roughly 3.5%.
Sumber : tradingview.com
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