The Shanghai Composite Index closed at a three-week high after China's July exports expanded more strongly than expected. The index ended at 3,940.04 points, up 39.68 points or 1.02 percent. Exports rose 23 percent year-on-year, beating analyst forecasts of 22.2 percent, while imports increased 27.5 percent, slightly below expectations. China posted a trade surplus of 112.5 billion dollars, higher than forecast. Artificial intelligence stocks gained, led by Cambricon Technologies up 2.72 percent and SMIC surging 3.38 percent.
Cambricon Technologies Corp LtdAI stocks gained on strong export data, with Cambricon up 2.72%.
Semiconductor Manufacturing Intl CoSMIC surged 3.38% as AI stocks rallied on better-than-expected exports.
