(Il Sole 24 Ore Radiocor) - Milano, 11 mag - Chinese share prices closed higher, tracking a regional surge in tech stocks amid enthusiasm over AI trades.

The market managed to shrug off intensifying Middle East tensions, even after US president Donald Trump rejected Iran's latest peace proposal as "unacceptable".

On the data front, April inflation figures provided further support for the recovery, with the consumer price index rising an annual 1.2%, signaling a steady pickup in domestic demand. Additionally, the producer price index rose 2.8% year on year, reflecting improved conditions in the industrial sector and easing fears of deflation.

The Shanghai Composite index rose 1.08% to close at 4,225.02.

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(RADIOCOR) 11-05-26 09:35:49 (0161) 5 NNNN