Chinese tech stocks experienced a strong rally today, with several companies posting double-digit gains. Leading the surge was Beijing Thunisoft (300271), which jumped 20.05% to CNY 8.98. Cloudwalk Technology (688327) and Bonree Data Technology (688229) followed closely, both soaring 20.01%, reaching CNY 16.67 and CNY 53.68, respectively.
Other major gainers included UCLOUD Technology (688158), which surged 20.00% to CNY 28.68, and Beijing Qingcloud Technology Group (688316), rising 19.99% to CNY 70.64. Meanwhile, Beijing Longruan Technologies (688078) climbed 18.29% to CNY 34.28, reflecting the market’s strong appetite for tech stocks.
However, the market displayed a mixed response, with some stocks facing declines. Zhejiang Youpon (002718) led the losing side, dropping 8.27% to CNY 14.53. Hunan Yuneng New Energy (301358) and Sineng Electric (300827) fell 8.09% and 7.64%, closing at CNY 40.45 and CNY 36.02, respectively.
Other losers included Changzhou Fusion New Material (688503), down 7.04% to CNY 52.97, and Shandong Nanshan (300918), which declined 6.44% to CNY 11.33. Bestechnic (Shanghai) (688608) also lost 6.28%, trading at CNY 371.15.
Disclaimer: Stock market investments are subject to risks. This report is for informational purposes only and does not constitute financial advice.