Actions Technology Co LtdAI-related semiconductor stocks led the index rebound, with Actions Technology climbing 8.3%.
The Shanghai Composite Index rebounded in mainland China trading on the 31st, closing at 3,832.26 points, up 27.57 points or 0.72 percent from the previous day. Buying in artificial intelligence-related stocks such as semiconductors pushed the market higher, amid indications of policy direction and a global tech stock rally. Meanwhile, the manufacturing Purchasing Managers' Index came in at 49.2, below the 50-point threshold, prompting selling in financial and consumer-related shares. By sector, software and information services as well as AI-related stocks rose, with Huasheng Tiancheng gaining 6.6 percent and Actions Technology climbing 8.3 percent, while bank stocks bucked the trend, with Agricultural Bank of China falling 3.0 percent and China Merchants Bank down 2.3 percent.
Actions Technology Co LtdAI-related semiconductor stocks led the index rebound, with Actions Technology climbing 8.3%.
China Merchants Bank Co LtdBank stocks fell as manufacturing PMI below 50 signals weak economic activity, hurting financial sector.
Agricultural Bank of China Ltd Class ABank stocks fell as manufacturing PMI below 50 signals weak economic activity, hurting financial sector.
Beijing Teamsun Technology Co Ltd