By Jiaxing Li
Shanghai’s benchmark stock index reclaimed the psychologically important 4,000 level on Thursday, as optimism over tech self-sufficiency boosted semiconductor and artificial intelligence-related shares.
** The Shanghai Composite index 000001 closed up 1% at 4,007.76 points. The blue-chip CSI300 index 3399300 was up 1.4%.
** Tech sectors led the gains. The CSI Semiconductor Industry Index (.CSI931865) rallied 4.6% in its biggest single-day gain in nearly two weeks. China’s top chip maker SMIC 
981 jumped 4.2% and Cambricon Technologies 
688256 surged 9.8%.
** The CSI AI sector index 9930713 jumped 3% and the info tech sector 0000915 gained 2.8%.
** The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use domestically-made AI chips, Reuters reported.
** This could be one of China’s most aggressive steps yet to eliminate foreign technology from its…
