Mumbai, Nov. 11 -- Chinese stock markets recovered on Wednesday, erasing losses from the previous session. The Shanghai Composite rose 0.46% to close at 3,680.6, while the Shenzhen Component gained 1.32% to 11,389.7. Technology stocks led the rally, supported by positive sentiment around artificial intelligence (AI) and chip-related companies.

Cambricon Technologies gained 7.40%, while SMIC rose 1.45%. Hygon Information Technology climbed 3.34%, Zhongji Innolight advanced 5.43%, Eoptolink Technology added 6.30%, and Victory Giant Technology rose 1.45%. The gains were supported by a positive business outlook from AI computing provider CoreWeave and growing expectations of a possible stock market listing by Anthropic.

However, concerns ab...