On June 18, China’s A-share market concluded with a mixed performance across its three major indices. The Shanghai Composite Index edged down by 0.43%, while the Shenzhen Component Index climbed 0.94%, and the ChiNext Index surged 2.05%. The semiconductor and CPO (Co-Packaged Optics) sectors witnessed remarkable rallies. Cambricon soared over 14%, reaching a record-high stock price. Accelink Technologies hit the daily upward limit, and Zhongji Innolight surged over 7%, not only hitting a record high but also surpassing Kweichow Moutai in total market capitalization. In contrast, the power and insurance sectors faced downward pressure. New China Life Insurance and China Pacific Insurance both declined by more than 6%. Overall, the market saw more declining stocks than advancing ones, with nearly 3,400 stocks finishing in the red across the Shanghai, Shenzhen, and Beijing stock exchanges.
