Chinese Stock Indices Surge on August 5, Sci-Tech 50 Jumps 4.78% as AI Stocks Rally

According to Caijing Securities, Chinese stock markets rebounded strongly on August 5 at close, with the Shanghai Composite Index rising 1.47%, the Shenzhen Component Index gaining 1.86%, and the ChiNext Index up 1.32%. The Sci-Tech Innovation 50 Index surged 4.78%, driven by gains in AI application stocks. Total trading volume across Shanghai and Shenzhen exchanges reached 2.66 trillion yuan.
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