Chinese A-shares closed higher, 5G-related companies, property developers rallied.

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The Shanghai Composite Index gained 1.2% to close at 3,189, the Shenzhen Component Index up nearly 1% and the tech-heavy Chinext Price Index up 0.26%. The blue-chip CSI 300 Index gained more than 1%. 

5G equipment companies rallied, with ZTE Corporation surging 6% to hit a new high in nearly three years. Real estate developers, construction companies, building material suppliers, petrochemical companies led the gains. 

Automakers, electric power companies and semiconductor companies underperformed.