Mumbai, June 18 -- Chinese markets closed mixed on Thursday, with technology stocks leading gains after regulators pledged stronger support for innovation at the Lujiazui Forum.

The Shanghai Composite fell 0.43% to close at 4,090, while the Shenzhen Component rose 0.94% to a one-month high of 16,030.

Investor sentiment in the technology sector improved after Beijing announced measures to direct more funding toward emerging technologies amid growing competition with the US. Authorities said they would support stock market listings for startups in future industries such as quantum technology, nuclear fusion, and brain-computer interfaces.

Among the top gainers were Zhongji Innolight, up 7.19%, Eoptolink Technology, which rose 4.23%, and ...