Shanghai Composite Index Hits 10-Year, 10-Month High; US-China Summit Outcome Becomes Variable
The Shanghai Composite Index reached a 10-year and 10-month high of 4225.02 points. Due to the uncertainty of the US-China summit and short-term market overheating, the market anticipates significant fluctuations and divergence among sectors.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 18:04
- 🔍 Collected: May 11, 2026 at 18:32 (27 min after Published)
- 🤖 AI Analyzed: May 11, 2026 at 22:39 (4h 6m after Collected)
Central News Agency
(Central News Agency, Taipei, 11th) The Chinese stock market opened higher and closed higher today with increased trading volume, driven by the official announcement of US President Trump's visit to China. The Shanghai Composite Index closed at 4225.02 points, officially breaking the 4200-point mark. The intraday high of 4229.58 points set a new high since July 2015. However, Chinese brokerages believe that the outcome of the "Trump-Xi summit" is unpredictable, and given the significant short-term gains, the market may experience larger fluctuations in the short term, with sector trends diverging.
The Chinese stock market, the second largest in the world by market capitalization, has experienced a roller coaster ride since Xi Jinping took office as General Secretary of the Communist Party of China in November 2012. The Shanghai Composite Index surged from less than 2000 points to 5178 points within a year, then plummeted by half in the following six months, entering an 8.5-year consolidation phase. It was not until September 2024, when the Central Committee of the Communist Party of China introduced a series of market rescue measures, that the Shanghai Composite Index broke out of consolidation and resumed its bull run, closing at a phase high of 4112 points at the end of April this year.
Today, the Shanghai Composite Index closed at 4225.02 points, up 45.07 points, a gain of 1.08%; the Shenzhen Component Index closed at 15899.3 points, up 335.5 points, a gain of 2.16%; and the ChiNext Index closed at 3928.97 points, up 132.85 points, a gain of 3.5%. The total turnover of the Shanghai and Shenzhen markets was approximately 3.538861 trillion RMB, an increase of 490.32 billion RMB from the previous trading day.
In addition, a total of 3121 stocks rose in the Shanghai and Shenzhen markets, with 135 hitting the daily limit; 2239 stocks fell, with 27 hitting the daily limit; and 155 stocks remained unchanged.
In terms of sectors, semiconductors and computing hardware were the core drivers of today's gains. GPU, rare earths, innovative drugs, solar energy, and commercial aerospace also performed well. In contrast, shipping, gold, and lithium mining sectors saw declines.
Since April, the Chinese stock market has gradually broken through its previous consolidation pattern, oscillating upwards. The Shanghai Composite Index broke the 4000-point mark again in mid-April. After a brief consolidation in late April, it began to break out of consolidation before the May Day holiday, starting a continuous upward trend. It continued to rise after the holiday, successfully challenging the 4200-point mark today and stabilizing above it, setting a new high in 10 years and 10 months.
Huatai Securities analyzed that the anticipated "Trump-Xi summit" is the driving force behind the current active trading. However, as the outcome of the meeting is currently unpredictable, and given the significant short-term gains, the Chinese stock market may experience larger fluctuations in the short term, and the trends of various sectors may diverge.
Zhongyuan Securities believes that after the phased easing of the US-Iran conflict, the market's sensitivity to geopolitical risks has significantly decreased. Sectors previously favored by safe-haven funds have begun to weaken, and technology and growth-oriented sectors have become the main drivers of the market. It is expected that the Shanghai Composite Index is more likely to maintain an oscillating upward trend, but close attention still needs to be paid to macroeconomic data, changes in overseas liquidity, and policy directions. (Edited by Qiu Guojiang / Tang Peijun) 1150511
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(Central News Agency, Taipei, 11th) The Chinese stock market opened higher and closed higher today with increased trading volume, driven by the official announcement of US President Trump's visit to China. The Shanghai Composite Index closed at 4225.02 points, officially breaking the 4200-point mark. The intraday high of 4229.58 points set a new high since July 2015. However, Chinese brokerages believe that the outcome of the "Trump-Xi summit" is unpredictable, and given the significant short-term gains, the market may experience larger fluctuations in the short term, with sector trends diverging.
The Chinese stock market, the second largest in the world by market capitalization, has experienced a roller coaster ride since Xi Jinping took office as General Secretary of the Communist Party of China in November 2012. The Shanghai Composite Index surged from less than 2000 points to 5178 points within a year, then plummeted by half in the following six months, entering an 8.5-year consolidation phase. It was not until September 2024, when the Central Committee of the Communist Party of China introduced a series of market rescue measures, that the Shanghai Composite Index broke out of consolidation and resumed its bull run, closing at a phase high of 4112 points at the end of April this year.
Today, the Shanghai Composite Index closed at 4225.02 points, up 45.07 points, a gain of 1.08%; the Shenzhen Component Index closed at 15899.3 points, up 335.5 points, a gain of 2.16%; and the ChiNext Index closed at 3928.97 points, up 132.85 points, a gain of 3.5%. The total turnover of the Shanghai and Shenzhen markets was approximately 3.538861 trillion RMB, an increase of 490.32 billion RMB from the previous trading day.
In addition, a total of 3121 stocks rose in the Shanghai and Shenzhen markets, with 135 hitting the daily limit; 2239 stocks fell, with 27 hitting the daily limit; and 155 stocks remained unchanged.
In terms of sectors, semiconductors and computing hardware were the core drivers of today's gains. GPU, rare earths, innovative drugs, solar energy, and commercial aerospace also performed well. In contrast, shipping, gold, and lithium mining sectors saw declines.
Since April, the Chinese stock market has gradually broken through its previous consolidation pattern, oscillating upwards. The Shanghai Composite Index broke the 4000-point mark again in mid-April. After a brief consolidation in late April, it began to break out of consolidation before the May Day holiday, starting a continuous upward trend. It continued to rise after the holiday, successfully challenging the 4200-point mark today and stabilizing above it, setting a new high in 10 years and 10 months.
Huatai Securities analyzed that the anticipated "Trump-Xi summit" is the driving force behind the current active trading. However, as the outcome of the meeting is currently unpredictable, and given the significant short-term gains, the Chinese stock market may experience larger fluctuations in the short term, and the trends of various sectors may diverge.
Zhongyuan Securities believes that after the phased easing of the US-Iran conflict, the market's sensitivity to geopolitical risks has significantly decreased. Sectors previously favored by safe-haven funds have begun to weaken, and technology and growth-oriented sectors have become the main drivers of the market. It is expected that the Shanghai Composite Index is more likely to maintain an oscillating upward trend, but close attention still needs to be paid to macroeconomic data, changes in overseas liquidity, and policy directions. (Edited by Qiu Guojiang / Tang Peijun) 1150511
Choose to stand with facts, every sponsorship you make is the power to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.