The Shanghai Composite added 0.13% to close at 4,128, while the Shenzhen Component edged up 0.02% to 14,210 on Tuesday, extending the previous session’s gains as media stocks rallied on optimism over ByteDance’s latest AI video-generation model.
Among individual names, COL Group, Beijing Enlight Media and Beijing Jebsen Technology all hit their daily upper limit, closing 20% higher. ByteDance’s next-generation Seedance 2.0 is expected to sharply reduce production costs and technical barriers for AI-generated animated series, while boosting production efficiency.
Additional strength came from technology, clean energy and industrial stocks, including GCL System Integration (+4.4%), Cambricon Technologies (+1.3%), Sungrow Power (+1.4%), Zhejiang Sanhua (+3.3%) and Hengtong Opto-Electric (+7.3%).
At the same time, trading volumes began to thin as investors positioned ahead of the extended Lunar New Year holiday, which runs from February 15 to 23.
