China shares looking spry on tech boom

Nasdaq Golden Dragon China Index jumped 2.83 percent on Tuesday

While China is undergoing economic restructuring featured by the rapid development of new quality productive forces, the capital market will also be buoyed by emerging industries and technologies, said experts.

While the US stock market tumbled for two consecutive days this week, with the Nasdaq and S&P 500 shedding over 4 percent and 3.5 percent, respectively, the Nasdaq Golden Dragon China Index — which tracks US-listed Chinese companies — jumped 2.83 percent on Tuesday.

Morgan Stanley's data showed that the Chinese stock market received a total net capital inflow of $3.8 billion in February, with passive funds making the greatest contribution.