China’s Stock Market Soars — Shanghai Composite Hits 10-Year High
TradingKey – On Monday, August 18, Chinese equities surged across the board, with all three major indexes posting strong gains.
The Shanghai Composite Index rose more than 1% intraday, reaching 3,740.50, its highest level since August 2015, marking a 10-year high. The Shenzhen Component Index jumped over 2% to 11,870, while the ChiNext Index rallied more than 3% to 2,613, both hitting their highest levels since 2021.
Shanghai Composite Price Chart – Source: Google
Over 4,300 stocks advanced, while fewer than 1,000 stocks declined, reflecting broad-based bullish sentiment. The strongest-performing themes included:
- Liquid-cooled servers
- Huawei-related tech
- Humanoid robotics
From an industry perspective, securities firms and semiconductor stocks led the rally, benefiting from policy tailwinds and renewed investor interest in China’s tech sector.
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