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Chinese Stocks Stage Sudden Rally as Technology Firms Lead Gains

Bloomberg Markets
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Chinese Stocks Stage Sudden Rally as Technology Firms Lead Gains

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Buildings in Pudong's Lujiazui Financial District in Shanghai, China.Chinese stocks rose sharply in afternoon trading as enthusiasm around the nation’s technology shares returned. The CSI 300 Index extended gains to as much as 2.1%, led by optical‑transceiver makers including Suzhou TFC Optical Communication and Eoptolink Technology. The tech‑focused ChiNext index climbed more than 3%, and a gauge of major Chinese companies trading in Hong Kong advanced over 1%.

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Source: Bloomberg Markets