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As on : 17-Aug-2026
Market Commentary - Foreign Markets
17-Aug-2026     17:04

Chinese stocks edge up as Tech stocks provide boost

Chinese stocks closed higher on Monday, with the Shanghai Composite up 1.41% to 3,982.7 and the Shenzhen Component rising 2.44% to 14,704.3, reaching their highest levels in over a month, driven by strong technology stock gains.

Top performers included Cambricon Technologies, Zhongji Innolight, Eoptolink Technology, NAURA Technology, SMIC, and Hygon Information Technology. SMIC's second-quarter profit more than tripled from the previous year, while Hygon saw solid growth in revenue, profit, and R&D spending.

Despite this, the broader economic outlook was weak, with recent data showing fixed-asset investment, industrial output, and retail sales below expectations, indicating a slow start to the second half of the year. The NBS noted concerns about weak domestic demand and global uncertainties affecting growth.

INDIAN INDICES

Sensex

77,264.51 330.92 (0.43%)

Nifty

24,175.65 84.80 (0.35%)

GLOBAL INDICES

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NA

NASDAQ
HANG SENG

25,584.80 19.05(0.07%)