China stocks rebound, with ChiNext up 3.43% and turnover at CNY 2.7 trillion

Shanghai, Shenzhen and ChiNext all closed higher as more than 4,200 stocks advanced, with computing hardware, oil and gas and pharmaceutical distribution shares leading gains.

Summary

China’s three major stock indexes finished higher in a broad A-share rebound, with more than 4,200 stocks rising on July 14. The Shanghai Composite Index closed up 1.36%, the Shenzhen Component Index gained 2.77%, and the ChiNext Index climbed 3.43%. Trading activity on the Shanghai and Shenzhen exchanges reached CNY 2.7 trillion, down CNY 113.8 billion from the previous session. Computing power hardware, oil and gas, and pharmaceutical commercial shares were among the strongest performers, while gaming stocks fell, with Glacier Network down more than 10%.

Terms & Concepts
  • A-share market: China's mainland stock market, where companies listed in Shanghai and Shenzhen trade shares denominated in yuan.
  • ChiNext Index: A benchmark tracking stocks on Shenzhen's startup-focused ChiNext board, often seen as a gauge of growth shares.