Summary · why it matters
On July 9, A-shares surged sharply in the afternoon. The Shanghai Composite rose 1.65% to 4,036.59 points, reclaiming the 4,000-point level. The ChiNext Index gained 4.49%, and the STAR Composite Index soared 6.68%. Combined turnover across Shanghai, Shenzhen, and Beijing reached approximately 2.93 trillion yuan, an increase of nearly 350 billion yuan from the previous day. The semiconductor sector exploded, with Aisen Semiconductor, NSIG, and Shanghai Hejing hitting their 20% daily limit up. Muxi Technology briefly broke through the 1,000-yuan mark during the session, setting a new all-time high. GigaDevice hit limit up in the afternoon, with full-day turnover of 38.19 billion yuan, ranking second among A-shares. The CPO concept soared, with Dongshan Precision, Accelink Technologies, and JCET hitting limit up in the afternoon. Zhongji Innolight rose about 6%, with full-day turnover of approximately 41.6 billion yuan, ranking first among A-shares. The brokerage sector was active again, with Huaan Securities hitting limit up and China Merchants Securities rising about 7%. The lithium mining concept plunged once more, with Tianhua New Energy falling nearly 15% and Youngy hitting limit down for a second consecutive day. Hong Kong stocks were weak, with the Hang Seng Index briefly falling over 1%, but SMIC rose over 10%, while Hua Hong Semiconductor and Lenovo Group gained about 8%.