0732 GMT - Chinese shares ended higher as pharmaceutical and software stocks benefitted from the AI momentum. Shenzhen Mindray Bio-Medical Electronics rose 4.3% and WuXi AppTec gained 4.6%. Nomura analyst Jialin Zhang believes that investors are betting on the sector's AI potential, especially in areas like diagnosis, contract research and drug development, following the recent DeepSeek breakthrough. Amid the software makers, iFlytek gained 3.4% and Shanghai Baosight Software rose 8.0%. Property stocks fell broadly, with Poly Developments & Holdings Group down 0.8% and China Vanke dropping 2.0%. The benchmark Shanghai Composite Index ended 0.4% higher at 3346.72, the Shenzhen Composite Index rose 0.75% and the ChiNext Price Index advanced 1.8%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 02:32 ET (07:32 GMT)
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