Published on 08/22/2025 at 03:44 am EDT
MT Newswires
(MT Newswires) -- China's shares rallied on Friday as technology equities boosted on hopes of domestic firms strengthening self-sufficiency when it comes to producing semiconductors, following news of Nvidia's plan to pause Chinese chip production.
The Shanghai Composite Index jumped 1.5%, or 54.66 points, to cap the week's trade at 3,825.76. The Shenzhen Component Index edged up 2.1%, or 246.30 points, to 12,166.06.
Sentiment among tech investors was bolstered amid reports that US chipmaker Nvidia asked Foxconn to suspend the production of the H20 chip in China.
H20 was Nvidia's chip product that the US allowed to be marketed in China. Analysts believe that the suspension could drive China's self-dependency in developing chip technologies.
In corporate news, Jiangsu Wuzhong Pharmaceutical Developmentsoared 5.2% despite Chief Financial Officer Sun Xi's resignation.
Shanghai BOCHU Electronic Technology inched 4.8% higher after its first-half attributable net profit jumped 30% year on year to 640.1 million yuan and operating revenue rose 25% year over year to 1.10 billion yuan.
China Jushirose 4.2% after issuing science and technology bonds worth 500 million yuan.
Sumber : MT Newswires
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