Shanghai shares close higher on tech gains
(Il Sole 24 Ore Radiocor) - Milano, 22 mag - Chinese share prices closed higher, supported by a global rally in AI stocks and renewed hopes of a breakthrough in US-Iran peace negotiations.
Investors also remained cautious ahead of next week's domestic purchasing managers' index (PMI) releases following recent data pointing to a slowdown in retail sales and industrial output.
The Shanghai Composite index rose 0.87% to close at 4,112.90.
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(RADIOCOR) 22-05-26 09:40:20 (0228) 5 NNNN