Chinese technology stocks rallied sharply on Friday, mirroring gains on Wall Street and across Asian markets, as investors regained confidence that the recent global sell-off in artificial intelligence-related shares may be easing. According to a Reuters report, optimism surrounding China's policy support for innovation also boosted sentiment, although the country's key benchmark indexes remained on track for steep monthly declines.
The tech-heavy STAR50 index jumped 6% by the midday break, while the CHINEXT Composite Index, which tracks startup-focused companies, climbed 4.9%. Broader markets also advanced, with the Shanghai Composite Index rising 0.8% and the blue-chip CSI 300 Index gaining 1.2%.
