Chinese Shares Rally on Ongoing DeepSeek Hype; Interchina Water Treatment Soars 10%

MT Newswires Live02-12

Chinese stocks closed Wednesday's session with gains as the hype over DeepSeek continues to attract more investors into the country's tech market.

The Shanghai Composite Index climbed 0.9%, or 28.33 points, to close the trading day at 3,346.39. The Shenzhen Component Index jumped 1.4%, or 151.26 points, to 10,708.88.

Chinese tech shares climbed to over 20% in the past month after the introduction of artificial intelligence platform DeepSeek, according to a Wednesday report in the Financial Times.

There has been renewed interest among investors for China's internet firms as the low-cost but high-performing large language model challenged US counterparts.

In corporate news, Heilongjiang Interchina Water Treatment (SHA:600187) soared nearly 10% higher amid plans to offload subsidiary Dongying Guozhong Environmental Protection Technology for 338 million yuan.

Zhejiang XCC Group (SHA:603667) and Anhui Zhongding Sealing Parts (SHE:000887) jumped over 4% and 10%, respectively, after signing a cooperation agreement to develop humanoid robots.

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