China’s stock market witnessed a significant upward trajectory in technology shares today, with multiple companies experiencing a surge of over 20%. Beijing Philisense (300287) led the gainers, climbing 20.08% to 5.68 CNY. Other major gainers included Beijing Enlight Media (300251) at 11.44 CNY (+20.04%) and UCLOUD Technology Co., Ltd. (688158) at 16.60 CNY (+20.03%). Guangzhou Anyka Microelectronics (688620) and DBAPPSECURITY Co., Ltd. (688023) also saw impressive gains of 20.02% and 20.01%, respectively.
The surge in tech stocks indicates a growing investor appetite for digital security, cloud computing, and semiconductor-related industries. Market analysts speculate that increased government support for domestic technology firms may be a driving factor behind this rally.
However, not all sectors shared the positive momentum. The market also saw a sharp decline in some technology stocks, with T and S Communication (300570) dropping 19.96% to 95.05 CNY. Other notable losers included Jiangyin Electrical (300697) at -19.17%, Victory Giant Tech (300476) at -18.05%, and Suzhou TFC Optical (300394) at -17.04%.
Disclaimer: Stock market investments are subject to risks. The above data is for informational purposes only and should not be considered financial advice.