Mumbai, May 6 -- Chinese equity markets moved higher on Wednesday, supported by strong gains in technology stocks and improving global sentiment. The Shanghai Composite rose 1.17% to close at a two-month high of 4,160, while the Shenzhen Component climbed 2.33% to 15,460, marking its strongest level since February 2021.

Investor sentiment improved after market participants returned from an extended holiday break and reacted positively to easing geopolitical tensions. Optimism was supported by signals from Donald Trump regarding progress toward a possible Iran agreement, along with a temporary pause in US-led maritime operations in the Strait of Hormuz.

Technology stocks led the rally, driven by strong interest in artificial intelligence...