The STAR 50 Index surged 8.41% as China's A-share market rebounded, with tech stocks leading the rally. The combined turnover of the Shanghai and Shenzhen stock exchanges reached 2.91 trillion yuan, up 350.2 billion yuan from the previous day. Semiconductor stocks saw significant gains, with SMIC jumping over 13% to a record high. Advanced packaging and semiconductor materials sectors also performed strongly, with several companies hitting their daily limit up.
The Shanghai Composite Index rose 1.65%, the Shenzhen Component Index increased by 3.07%, and the Chinext Price Index climbed 4.49%. Despite the overall positive market movement, nearly 2,900 stocks declined, and the lithium mining sector faced corrections, with Rongjie Shares hitting the daily limit down for a second consecutive day.
STAR 50 Index Soars 8.41% as Semiconductor Stocks Surge
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