China's A-shares closed with the ChiNext Index up 2.36%, and more than 3,700 stocks across the

A-Shares Close Higher as Turnover Tops 2.38 Trillion Yuan

China's three major A-share indexes opened higher and extended gains through the morning session, then fluctuated lower in the afternoon before rebounding into the close. The Shanghai Composite rose 0.95%, the Shenzhen Component gained 1.61%, and the ChiNext Index climbed 2.36%. Combined turnover in Shanghai and Shenzhen reached 2.38 trillion yuan, up more than 230 billion yuan from the previous session. More than 3,700 stocks ended the day higher.

The memory chip sector was strong all day. Xiechuang Data hit its 20% daily limit, while Silicon Power, Kexiang Shares, Baiwei Storage, and Nanya New Materials all rose more than 10%. Pork stocks fluctuated higher, with ZhengBang Technology and Tianbang Food hitting their daily limits. The real estate sector rallied in the afternoon—Nanshan Holdings and Yingxin Development hit limit-up, followed by Tibet Urban Development, Black Peony, and World Union Properties. Cultivated diamonds, PCB concepts, non-ferrous metals, and CPO concepts were active throughout the day.

On the downside, oil and gas stocks declined. Shandong Molong, Sinopec Oilfield Service, Zhunyou Petroleum, and Tongyuan Petroleum all fell. Coal chemical, shipping, and cement stocks also saw significant drops.