Shanghai Composite closes up 12.62 points on chip and AI buying

Price Action
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Summary · why it matters

The Shanghai Composite Index closed higher today at 3,822.28 points, up 12.62 points or 0.33 percent, supported by buying in artificial intelligence and semiconductor stocks after Chinese AI startup DeepSeek launched a low-cost AI model and Alibaba unveiled its latest AI model. Tech stocks rebounded strongly, with Cambricon Technologies up 4.88 percent, SMIC up 3.95 percent, Zhongji Innolight surging 13.24 percent, Eoptolink Technology jumping 13.68 percent, and NAURA Technology soaring 7.13 percent. Investors are watching key Chinese economic data this week, including July trade figures due on Friday and July inflation data to be released on Sunday.

Impact on stocks 5