上证综指上涨0.4%，收于3860点左右，而深证成分股周五上涨0.5%，收于12630点，在大盘走强的情况下延续了前一交易日的涨幅。随着中国股市因美中贸易紧张局势缓解、对新刺激措施的预期以及资金流入增加、零售参与度提高和保证金购买等支持因素而上涨，这两个基准指数都有望实现稳健的月度涨幅。尽管对基本面疲软的担忧挥之不去，但投资者重新燃起兴趣，推动了人工智能和半导体股的反弹。周五，中国北方稀土和胜利巨人各上涨2.5%，多晶硅公司上涨16.4%，上海石山上涨4.8%，苏州TFC上涨6.8%。相比之下，Cambricon Technologies下跌6.4%，结束了创纪录的反弹，此前这家人工智能芯片制造商报告称上半年利润有所回升。
The Shanghai Composite rose 0.4% to around 3,860, while the Shenzhen Component gained 0.5% to 12,630 on Friday, extending the previous session’s advance amid broad market strength. Both benchmarks are on track for solid monthly gains as Chinese equities rallied on easing US-China trade tensions, expectations of new stimulus, and supportive factors such as stronger fund inflows, rising retail participation, and margin buying. Artificial intelligence and semiconductor stocks drove the rally, buoyed by renewed investor interest despite lingering concerns about weak fundamentals. Among notable movers on Friday, China Northern Rare Earth and Victory Giant each gained 2.5%, Dosilicon Co surged 16.4%, Shanghai Stonehill rose 4.8%, and Suzhou TFC added 6.8%. In contrast, Cambricon Technologies dropped 6.4%, ending a record rally after the AI chipmaker reported a swing to first-half profit.
