The Shanghai Composite Index rose 0.71%, reaching a new high for the year, with total market turnover approaching 2 trillion

Wallstreetcn
2025.10.24 07:06

  1. Overall Market: The market fluctuated and strengthened throughout the day, with the Shanghai Composite Index hitting a new high for the year, and the ChiNext Index rising over 3%. Most individual stocks rose, with over 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets in the green. Today's trading volume approached 2 trillion, an increase of over 300 billion compared to the previous day. By the close, the Shanghai Composite Index rose by 0.71%, the Shenzhen Component Index rose by 2.02%, and the ChiNext Index rose by 3.57%.

  2. Industry Sectors: The storage chip, commercial aerospace, computing hardware, and consumer electronics sectors saw the largest gains, while the coal, gas, real estate, and oil and gas sectors experienced the largest declines.

  3. Popular Concepts: The storage chip sector surged, with stocks like Puya Semiconductor and Shannon Semi hitting the daily limit. CPO and PCB computing hardware stocks rose, with SYE hitting the daily limit, and Zhongji Innolight rising over 10% to reach a new high. The commercial aerospace concept was strong, with China Satellite and Shanghai HuGong hitting the daily limit. On the downside, the coal and gas sectors adjusted, with Baichuan Energy, Yunmei Energy, and Antai Group hitting the daily limit

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