Shanghai Composite Index Reclaims 4000 Mark in Morning Session, ChiNext Surges Over 3% to Hit Near 4.5-Year High

Deep News04-10

On April 10, Chinese assets surged in early trading, with the Shanghai Composite Index returning to the 4000-point level, while Hong Kong stocks and the FTSE China A50 Index Futures also advanced. By 10:00 a.m., the Shanghai Composite had risen more than 1%, reclaiming the 4000-point mark after 14 trading sessions. The ChiNext Index climbed over 3%, setting a fresh high since late December 2021. The STAR Composite and Shenzhen Component indices also gained over 2%, with more than 4,600 stocks rising across the market.

Semiconductor and chip stocks led the gains, with Shenzhen Techwinsemi Technology Co., Ltd. approaching a daily limit-up and hitting a new all-time high. Companies such as Purain, Jiangbolong, Baiwei Storage, and GigaDevice followed suit. The financial sector also advanced, with Nanhua Futures hitting the upper limit, and CITIC Securities rising over 8%. Other notable gainers included East Money Information, Huatai Securities, Industrial Securities, GF Securities, Yinzhijie, and Tonghuashun, all up more than 5%. The lithium battery industry chain saw strong momentum, with Guoxuan High-Tech and XinYuren both reaching the daily limit. Inner Mongolia-related stocks opened broadly higher, with Inner Mongolia Xinhua and OJING Technology jumping to limit-up at the open.

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