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Chinese shares close higher Wednesday

China

China

China

Chinese shares close higher Wednesday

2026-04-29 16:35 Last Updated At:18:47

Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.71 percent to 4,107.51 points.

The Shenzhen Component Index closed 1.96 percent higher at 15,120.92 points.

The combined turnover of the two indices totaled 2.59 trillion yuan (about 377.51 billion U.S. dollars), up from 2.55 trillion yuan on the previous trading day.

The lithium, computing power leasing, and rare earth sectors led the gains, while the semiconductor sector fell.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 2.52 percent to close at 3,687.17 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.54 percent higher at 1,885.91 points.

Chinese shares close higher Wednesday

Chinese shares close higher Wednesday

A mainland spokesperson on Wednesday lashed out at the Democratic Progressive Party (DPP) authorities of China's Taiwan region for serving as an ATM for the United States, warning that the separatist push for Taiwan secession is doomed to fail no matter how many weapons they purchase.

The warning came after Taiwan defense authorities announced that they had signed six major arms procurement deals worth more than 6.6 billion U.S. dollars with the United States.

"We firmly oppose any form of military ties between the United States and China's Taiwan region," Chen Binhua, a spokesman for the State Council Taiwan Affairs Office, said at a press conference in Beijing.

"The DPP authorities, out of their own secessionist political interests, have been acting willingly as an ATM for the U.S. military-industrial complex. Begging for unreliable protection from external forces will only push Taiwan into a more dangerous situation and inflict great sufferings on our compatriots in Taiwan," Chen said.

"We sternly warn the DPP authorities that the reunification of the motherland is an unstoppable historical trend, and no matter how many weapons they purchase, it will not alter the eventual failure of their Taiwan secession attempts," Chen said.

Arms purchase from U.S. won't avert doomed failure of Taiwan secession: mainland spokesperson

Arms purchase from U.S. won't avert doomed failure of Taiwan secession: mainland spokesperson

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