Chinese Shares End Higher, Supported by Pharma, Software Stocks -- Market Talk

Dow Jones02-14

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment