Chinese Shares Rise Again on Tech, Growth Outlook; Daming Electronics Surges 414% Surges 414%

Published on 11/06/2025 at 03:03 am EST
(MT Newswires) -- Chinese shares continued to rise on Thursday as traders amid optimism in the country's tech sector and on China's five-year growth outlook.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.0% to 4,007.76. The Shenzhen Component Index jumped 1.7% to 13,452.42. Both indices were up for a second straight session.
China's "new economy" sectors-semiconductors, artificial technology and computing-are boosting the wave of optimism for Chinese stocks, Dao Insights reported.
Also boosting the appetite for Chinese equities is Premier Li Qiang's statement that China's economy will exceed 170 trillion yuan by 2030.
"In five years, China's economy is expected to exceed 170 trillion yuan, which will make new and important contributions to global economic growth," Reuters cited Li as saying.
In company news, Daming Electronics (SHA:603376) shares surged 414% versus their initial public offering price of 12.55 yuan per share, on the first day of trading on the Shanghai bourse.

Sumber : MT Newswires