China’s CSI 300 Index climbed 1.2% to 4,747.84 at the close yesterday, a level not seen since January 24, 2022. The Shanghai Composite Index added 0.7% to 4,016.33, finishing above the 4,000-point mark for the first time since 2015, reports the South China Morning Post. The stock rise drove the benchmark to a nearly four-year high as investors bet on further easing of tariff tensions after US President Donald Trump said he would lower import levies in exchange for Beijing taking action to stem fentanyl production.
Hong Kong’s market was shut for a public holiday.
Technology stocks paced the gains, with a sub-gauge of the sector on the CSI 300 rising 1.6% after China promoted tech self-sufficiency as the key task in a detailed five-year plan outlining the nation’s development through 2030, released on Tuesday evening.