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The Shanghai Composite Index remained relatively stable around the 3,920 mark, whereas the Shenzhen Component Index increased by 0.2% to reach 13,400 on Wednesday. This occurred during a period of muted trading activity due to the holiday week in China. Market participants considered reports suggesting that the United States intends to postpone the implementation of new tariffs on Chinese semiconductor products for a minimum of 18 months, indicating a potential move to alleviate trade tensions with Beijing. Meanwhile, China has announced its intention to bolster urban renewal initiatives and stabilize its property market starting in 2026, as part of its latest Five-Year Plan. In other developments, Wall Street's recent record closing high provided additional market support following data demonstrating the US economy's fastest growth rate in two years. Key beneficiaries in the market included technology and AI-related stocks such as Foxconn Industrial, up 1.7%, SMIC, gaining 1.4%, and Zhongji Innolight, which rose by 1.1%. On the flip side, the session recorded losses for companies like Eoptolink, which fell by 1.8%, Contemporary Amperex, down 1.3%, and BYD, which decreased by 0.7%.
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