FX.co ★ China Stocks Rebound on Rising Volume

The Shanghai Composite index saw an uptick of 0.9%, surpassing the 4,170 mark, while the Shenzhen Component experienced a 1.7% increase, reaching 14,400 on Wednesday. This rise marked a reversal from the losses incurred in the previous session, driving both indices toward multi-year peaks. This recovery was bolstered by an upswing in trading volumes across mainland exchanges, fueled at the start of the year by anticipations of intensified policy support and progress in artificial intelligence. Furthermore, global investment banks have positively revised their forecasts for Chinese equities. Their optimism is grounded in the stocks' favorable valuations, accommodating industry policies, and a robust trajectory for earnings growth. Leading the surge were high-growth technology stocks such as Shanghai Stonehill, which climbed 8.5%, BlueFocus Intelligent, rising 6.8%, Guangzhou Haige, which soared 10%, Easy Click Worldwide with a 15% increase, and East Money Information, up by 2.8%.