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Chinese Stocks Close Tuesday Higher

(MENAFN) Chinese equities ended sharply higher on Tuesday, propelled by strong buying that lifted major benchmarks to levels not seen in more than ten years.

The Shanghai Composite Index jumped 1.5 percent to 4,083.67 points, reaching its highest close in over a decade. Meanwhile, the Shenzhen Component Index advanced 1.4 percent, finishing the session at 14,022.55 points.

Trading activity intensified, with total turnover across the Shanghai and Shenzhen markets climbing to 2.83 trillion yuan (about 403.29 billion U.S. dollars), up from 2.55 trillion yuan in the previous session—underscoring renewed investor momentum.

Gains were led by shares tied to brain-computer interface technologies and the financial sector. In contrast, stocks linked to beauty care products and fifth-generation fixed network services came under pressure and posted losses.

Growth-oriented shares also recorded gains. The ChiNext Index, often described as China’s Nasdaq-style board for emerging enterprises, rose 0.75 percent to close at 3,319.29 points.

Technology-focused stocks outperformed as well, with the STAR Composite Index, which tracks companies listed on China’s sci-tech innovation board, climbing 1.45 percent to end the day at 1,720.41 points.

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