The Chip Industry Chain Maintains Robust Momentum, with the ChiNext Index and STAR 50 Index Hitting New Interim Highs
2 day ago / Read about 0 minute
Author:小编   

The three major A-share indices rebounded after opening lower, with both the ChiNext Index and the STAR 50 Index scaling new interim peaks. By the close of trading, the Shanghai Composite Index had risen by 0.83%, the Shenzhen Component Index by 1.80%, the ChiNext Index by 2.28%, and the STAR 50 Index had surged by an impressive 3.49%. However, trading volume across the Shanghai, Shenzhen, and Beijing markets saw a decline for the day. On the market front, technology stocks, particularly those in the semiconductor sector, exhibited strong performance, propelling over 4,400 individual stocks to rise. The chip industry chain continued its stellar run, while real estate stocks and solid-state battery concepts also registered gains. Over the past year, bolstered by policy support, the A-share market has witnessed a steady ascent, with its total market capitalization expanding continuously and liquidity improving markedly. Growth sectors have emerged as the market's focal point. The sustained strength of the chip industry chain has been further reinforced by news such as Micron Technology's earnings report and the launch of new products by ACM Research Shanghai. Towards the end of the trading day, brokerage stocks experienced unusual movements, with Xiangcai Securities announcing plans for a share swap to absorb and merge Dawzhi Information. Institutional analysts note that technology growth stocks will remain the market's primary focus in the fourth quarter. As the market continues to draw in investors, funds will keep flowing in, and the 'growth' style is anticipated to outperform the 'value' style, offering allocation opportunities in technology, core assets, and cyclical sectors.