On July 21, A-shares staged a “deep V rebound”, and the major indices rose collectively. By the close, the GEM index had risen 7.05%, and the Science and Technology Innovation 50 Index had risen 10.73%. On the market, computing power, hardware, optical communication, etc. are leading the way. In terms of related ETF trading volume, the daily turnover of the Kechuang 50 ETF reached 1,275 billion yuan, and the daily turnover of GEM ETF reached 1,683 billion yuan. The strong rebound in the technology sector is a multiple resonance of the restoration of market sentiment, industrial catalysis, and implementation of fundamentals. On July 20, A-shares ushered in multiple positive signals. The Securities Regulatory Commission held a symposium to listen to market demands. State-owned capital platforms, listed state-owned enterprises, insurance capital, public and private asset management institutions simultaneously launched initiatives such as increasing holdings and repurchases and increasing self-purchases. Various parties collaborated to boost market confidence. At the peripheral level, the adjustment sentiment of global technology stocks was fully released in the early stages, major overseas storage companies continued to raise prices, the Philadelphia Semiconductor Index stabilized, the market's pessimistic expectations about overseas AI capital expenditure were repaired, and overseas risk appetite was transmitted to A-shares.
Zhitongcaijing · 1d ago
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On July 21, A-shares staged a “deep V rebound”, and the major indices rose collectively. By the close, the GEM index had risen 7.05%, and the Science and Technology Innovation 50 Index had risen 10.73%. On the market, computing power, hardware, optical communication, etc. are leading the way. In terms of related ETF trading volume, the daily turnover of the Kechuang 50 ETF reached 1,275 billion yuan, and the daily turnover of GEM ETF reached 1,683 billion yuan. The strong rebound in the technology sector is a multiple resonance of the restoration of market sentiment, industrial catalysis, and implementation of fundamentals. On July 20, A-shares ushered in multiple positive signals. The Securities Regulatory Commission held a symposium to listen to market demands. State-owned capital platforms, listed state-owned enterprises, insurance capital, public and private asset management institutions simultaneously launched initiatives such as increasing holdings and repurchases and increasing self-purchases. Various parties collaborated to boost market confidence. At the peripheral level, the adjustment sentiment of global technology stocks was fully released in the early stages, major overseas storage companies continued to raise prices, the Philadelphia Semiconductor Index stabilized, the market's pessimistic expectations about overseas AI capital expenditure were repaired, and overseas risk appetite was transmitted to A-shares.
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