China’s A-share markets extended gains on Wednesday, with the ChiNext Index surging 1% to lead the advance, while the Shanghai Composite rose 0.32% and the Shenzhen Component gained 0.66%. The rally was broad-based, with over 3,200 stocks trading higher, reflecting improved risk appetite amid stabilizing macroeconomic sentiment.
The ChiNext’s outperformance was driven by strong buying in growth sectors, particularly new energy and biotech stocks, as investors rotated into undervalued tech plays. The Shanghai Composite’s more modest rise highlighted lingering caution toward financial and property heavyweights, though overall market breadth improved significantly.
The synchronized gains suggest short-term bullish momentum, supported by easing geopolitical concerns and expectations of targeted stimulus measures. Traders will watch for follow-through buying to confirm whether this marks the start of a sustained rebound or another temporary upswing.
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