Shanghai shares close slightly higher on industrial profits data
(Il Sole 24 Ore Radiocor) - Milano, 27 apr - Chinese stocks closed slightly higher following a rise in industrial earnings.
Profit growth accelerated to 15.8% in March, supported by a recovery in factory-gate prices and a surge in demand for AI and semiconductor technologies.
While regional instability in the Middle East continues to weigh on the global outlook, the market remained resilient.
Large strategic oil reserves and offshore tankers helped mitigate the impact of rising energy costs for the Chinese economy.
Gains were led by tech stocks.
The Shanghai Composite index closed up 0.16% at 4,086.34.
points.
(RADIOCOR) 27-04-26 09:57:59 (0164) 5 NNNN