The ChiNext Index surged more than 3% intraday, achieving a new peak since August 2022. The Shanghai Composite Index advanced 1.23%, while the Shenzhen Component Index gained 2.21%. Leading the charge were sectors including rare earth permanent magnets, computing power hardware, baijiu (Chinese liquor), and real estate. Across the Shanghai, Shenzhen, and Beijing stock exchanges, nearly 3,900 stocks posted gains.
