Mainland Chinese equities advanced for a second consecutive session on Wednesday, with the Shanghai Composite up 0.5% to about 4,138 and the Shenzhen Component gaining 0.8% to 14,405. The move higher followed a tech-led rebound on Wall Street, helped by easing worries over potential disruptions from artificial intelligence.
Market sentiment improved after Anthropic announced plans to pursue partnerships, fueling expectations that its Claude chatbot technology will complement rather than displace existing business models. Investors also assessed the implications of a US Supreme Court ruling that struck down former President Trump’s broad reciprocal tariff measures. Although Trump has threatened to raise global tariffs from 10% to 15% in response, China is still expected to benefit from a lower average tariff rate on its exports.
Technology and AI-related shares led the gains, with notable advances in Huagong Tech (+2.9%), Victory Giant (+4.7%), Guangdong HEC Technology (+3.3%), GDL System Integration (+4.0%), and Shanghai Stonehill (+4.2%).
