Chinese equities extended their upward momentum on Wednesday, with the ChiNext Index surging 1.17% to lead the advance. The Shenzhen Component rose 0.58%, while the Shanghai Composite edged up 0.23% in a broad-based rally. Trading volume expanded significantly to 1.29 trillion yuan (US$178 billion), up 137.4 billion yuan from the previous session, signaling renewed investor confidence.
The market rally was driven by strong gains in technology and innovation-focused sectors. Optical modules (CPO), computing power, and IoT-related stocks were among the top performers, with multiple companies hitting their daily upper limits. Analysts note the outperformance of ChiNext-listed stocks reflects growing appetite for growth assets ahead of the mid-year earnings season.
The session saw 76 stocks close at their daily upper limit, with another 35 briefly touching limit-up levels during trading – indicating improved risk appetite. The advance came despite lingering concerns about the global economic outlook, suggesting domestic investors are becoming more selective in their positioning. With northbound capital continuing to flow in, the market appears to be building a base for further upside potential.
Related topics：
- Trump Posted a Long Article for the First Time After the Us Government’s Tariff Measures Were Suspended!
- Federal Reserve Officials “Release the Eagle”: They May Have to Remain Silent for a Long Time!
- Greenland Mining Minister: If the United States and Europe Are Unwilling to Invest, They Will Have to Find Other Partners
