Chinese Stocks Rise Supported by Tech Shares and Strong Semiconductor Gains with MetaX Surge

Chinese stocks recorded gains during Wednesday's trading, ending a two-day decline, supported by a rebound in technology shares and strong momentum in the semiconductor sector.

The Shanghai Composite Index rose by 0.1% to approximately 3,830 points, while the Shenzhen Component Index increased by 0.7% to nearly 13,000 points.

Strong Performance in Tech Shares

Several technology stocks led the gains, including:

• Eoptolink Technology ▲ 3.8%

• Zhongji Innolight ▲ 2.3%

• Shenzhen Envicool ▲ 8.8%

• Suzhou TFC Optical ▲ 6.3%

• Victory Giant ▲ 1.5%

Historic Surge for New Chip Company

In a notable event of the session, shares of MetaX Integrated Circuits Shanghai surged over 700% on its first trading day after raising around $600 million in its initial public offering. MetaX specializes in developing graphics processing units (GPUs) tailored for artificial intelligence applications, similar to Moore Threads, which entered the market earlier this month.

Positive Future Outlook

In this context, analysts at Goldman Sachs predict that Chinese stocks may rise by about 30% by the end of 2027, supported by:

• Supportive government policies for the markets

• Improved corporate earnings

• Strong capital inflows

According to Bloomberg, these estimates reflect an improved medium-term outlook for Chinese markets, particularly in technology and artificial intelligence sectors.