The Shanghai Composite Index rebounded from a low, rising 0.22%, with quantum technology and coal stocks experiencing a collective surge

Wallstreetcn
2025.10.23 07:02

The market rebounded throughout the day, with all three major indices rising collectively. Quantum technology concept stocks surged, with GuoChuang, Digital China Information, and several other stocks hitting the daily limit. The coal sector strengthened collectively, with Dayou Energy achieving an 8-day limit-up streak, and Shanxi Coking Coal also hitting the limit. Shenzhen local stocks were strong throughout the day, with nearly 20 stocks including TeFa Information and LiHe KeChuang hitting the limit. On the downside, computing hardware stocks like CPO fell, with DongTian dropping over 10%. More stocks rose than fell, with about 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets in the green, and today's trading volume reached 1.66 trillion. By the close, the Shanghai Composite Index rose 0.22%, the Shenzhen Component Index rose 0.22%, and the ChiNext Index rose 0.09%