Stocks up as tech makes a comeback

Source: Xinhua | 2018-10-18

CHINA stocks rebounded yesterday on a surge in technology shares, led by chip makers and software companies.

The benchmark Shanghai Composite Index rose 0.6 percent to close at 2,561.61 points.

The Shenzhen Component Index also rallied 0.91 percent to 7,365.21 points, and the blue-chip CSI 300 index ended 0.56 percent higher at 3,118.25 points.

Capital flowing into technology-related stocks such as semiconductor and domestic software firms hauled the Shanghai index up after it slumped to a four-year low of 2,517.57 points earlier yesterday.

Stocks of over 50 companies on the A-share market hit the daily maximum increase of 10 percent, including China National Software & Service Co, Cultural Investment Holdings and HNA Innovation Co.