Chinese equities closed higher after a volatile session, with the ChiNext Index surging 1.17% to lead gains, while the Shanghai Composite and Shenzhen Component rose 0.23% and 0.58%, respectively. Trading volume expanded significantly to 1.29 trillion yuan, up 137.4 billion yuan from the previous session, signaling renewed investor confidence. The advance was broad-based, with gainers and decliners nearly evenly split, though sector performance varied sharply.
CPO, football-related stocks, and power IoT concepts topped the gainers, reflecting continued interest in tech and infrastructure plays. Meanwhile, stablecoin-related shares also rallied amid growing crypto market optimism. On the downside, traditional defensive sectors like consumer staples (beverages, food processing) and CRO stocks underperformed, suggesting a shift toward growth-oriented names as market sentiment improves.
The notable increase in trading volume points to returning capital, particularly in tech and innovation-driven sectors. The ChiNext’s strong rebound—coupled with stablecoin and CPO strength—hints at renewed risk appetite. However, the mixed performance across sectors indicates selectivity remains key, with investors favoring structural growth themes over defensive plays.
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