China A-Share Benchmarks Rise Broadly as More Than 3,500 Stocks Advance

China’s A-share market closed broadly higher on May 6, extending gains in technology shares and semiconductor-related names. The STAR 50 rose 5.47%, while the Shanghai Composite gained 1.17%, the Shenzhen Component added 2.33%, and the ChiNext advanced 2.75%. More than 3,500 stocks advanced, and the market recorded strong short-term risk appetite, with over 100 stocks hitting their daily upper price limit for a second straight session. Total turnover was reported at 3.23 trillion yuan in one market update and 3.14 trillion yuan in another, indicating heavy trading activity that remained above 3 trillion yuan. Liquor and oil shares lagged the broader market.

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