Chinese equity markets climbed to a one-week high on Wednesday, with the large-cap CSI300 Index rising 1% by the midday break.
The broad-based advance was fueled by a sharp rally in semiconductor stocks, which more than compensated for significant declines in optical module plays.
This sector rotation underscores the continued volatility within China's technology complex, even as overall sentiment improves.
The move marks the third consecutive session of gains for Chinese equities, following a recovery on Tuesday driven by a rebound in technology and semiconductor shares that had previously weighed on the market.
Monday’s session also saw broad-based gains, sparked by renewed investor interest in the tech sector following the market debut of ChangXin Memory Technologies (CXMT) on the Shanghai STAR Market.
The sustained momentum suggests that the recent sell-off in tech has found a floor, at least in the short term.