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Analysts believe the integration of the two companies' strengths and resources will benefit both sides.

Analysts predicted features like OLED displays, wireless charging, and even perhaps augmented reality could come to upcoming iPhone models.

Analysts believe that major automakers have launched their electric vehicles because of new auto emission reduction rules among European Union countries. An agreement was reached in December last year that aims to reduce the carbon dioxide emissions of new cars in the EU 37.5 percent by 2030, compared with 2021.

Analysts say market confidence in yuan-denominated assets was boosted by China's leading position in COVID-19 control and economic recovery.

Analysts from Essence Securities said in a note that the A-share market is approaching the tipping point at which it transitions from a bear market to a bull market. Although the price earnings ratio has been up from that registered at the end of last year, most of the industries are still undervalued. Therefore, there is still room for further pickup of A shares in the long term.