China Stocks Rise on Resources Boost
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The Shanghai Composite rose 0.27% to 4,151, and the Shenzhen Component increased by 0.09% to 14,342, driven by a surge in mining stocks due to higher metals prices. Gold and silver reached record highs, and copper rebounded as the dollar weakened. Notable stock gains included Zijin Mining and China Northern Rare Earth (4.2%), and CMOC Group, Hunan Silver Co, and Tonglin Nonferrous Metals (around 10%). Additionally, China approved imports of Nvidia H200 AI chips, boosting AI-related stocks like Zhongji Innolight (2%) and Giga Device Semiconductor (5.3%).
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