On September 18, 2025, the three major A-share indices in China's stock market exhibited a collective bullish trend, turning red in a display of market resilience. The ChiNext Index, often regarded as a barometer for China's growth enterprises, initially dipped by over 1% but staged a remarkable comeback. Meanwhile, the STAR 50 Index, which tracks the performance of top-tier companies on the Shanghai Stock Exchange's Science and Technology Innovation Board, soared by nearly 4%, underscoring investor confidence in innovative and tech-driven enterprises.

The semiconductor industry chain continued its upward trajectory, buoyed by robust demand and favorable policy support. SMIC, a leading semiconductor manufacturer in China, witnessed its A-share and H-share prices surge by more than 7%, reflecting the market's optimism about its growth prospects. Additionally, Hygon Information, a prominent player in the high-performance computing sector, and Naura Technology, a key supplier of semiconductor equipment, both saw their stock prices rise by over 8%, hitting all-time highs and signaling strong investor interest in the semiconductor sector.