Shanghai Composite Extends Rally to Seven Sessions
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The Shanghai Composite rose 0.2% to 3,948, marking a seven-session rally, driven by global interest in Chinese AI firms. Despite U.S. tariffs on Chinese chips delayed until 2027, local measures aim to stabilize property markets. Gains in utilities and process industries were offset by losses in consumer durables, transport, and healthcare. Notable stock movers included Ping An Insurance, Foxconn Industrial, PetroChina, and China Construction Bank. The Shenzhen Component fell 0.3% amid cautious holiday trading.
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