Stock Index Futures Surge Across the Board; CSI 500 Index Futures Lead Gains

The stock index futures market closed significantly higher on July 21, 2026, with gains across all major contracts.

The CSI 300 index futures (IF) main contract rose 3.40%, while the SSE 50 index futures (IH) main contract gained 2.32%. Leading the advance, the CSI 500 index futures (IC) main contract surged 6.71%, and the CSI 1000 index futures (IM) main contract climbed 5.68%.

At the market close, the Shanghai Composite Index was up 1.79% at 3,864.37 points. The Shenzhen Component Index jumped 4.81% to 14,264.29 points, and the ChiNext Index soared 7.05% to 3,685.97 points. The Beijing Stock Exchange 50 Index increased by 3.24%, closing at 1,079.04 points.

The combined trading volume for the Shanghai and Shenzhen markets reached 2,974.2 billion yuan, representing an increase of 256.1 billion yuan from the previous session. More than 3,100 individual stocks advanced across the market.

Sector performance was mixed, with semiconductors, CPO (co-packaged optics), and electronic components leading the gains. In contrast, oil & gas and pharmaceutical sectors were among the day's laggards.

In market detail, the semiconductor sector rebounded strongly from recent lows. Dawei Co.,Ltd., Naura Technology Group Co.,Ltd., NCE Power Co.,Ltd., GalaxyCore Inc., Jinhaitong, Zhenbao Technology, and Torrens all hit their daily limit-up. Changchuan Technology, Dosilicon Co.,Ltd., Dongwei Semiconductor, Liandong Technology, Zhongke Feice, Huahong Grace, Yitang Co.,Ltd., and Qiangyi Co.,Ltd. all surged more than 15%.

The CPO sector also performed strongly, with Sinocera Advanced Materials, Liantronics, Tianzhun Technology, and Zhongfu Circuit rising by the 20% daily limit. Gongjin Electronics, Lianchuang Electronic Technology, and dozens of other stocks also reached their limit-up.

The electronic components sector saw a substantial rebound. Sunlord Electronics, Jianghai Capacitor, Shengyi Technology, Bomin Electronics, Aoshikang Technology, Zhongfu Circuit, Jinlu Electronics, and Guanghe Technology all hit limit-up. Sanhuan Group and Dali Kape gained over 15%, while Microgate Technology, Mingyang Circuit, Sihui Fushi, Nanya New Material, Zhongying Technology, Xunjiexing, and Benchuan Intelligent all rose more than 10%.

On the downside, the oil & gas sector was among the worst performers. Keli Shares fell nearly 10%, and Tongyuan Petroleum dropped over 8%.

The pharmaceutical sector experienced a correction. Lingkang Pharma and Yatai Group touched the daily limit-down, while Wanbang Pharmaceutical declined more than 10%.