Chinese Stock Market Rebounds with Banking and Power Sectors Leading the Charge
The A-share market witnessed a remarkable turnaround on July 4, with the three major indexes - the Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index - all turning positive by mid-day. The Shanghai Composite Index continued to hit new highs for the year, demonstrating the market's resilience. The total turnover for the two markets reached 86.28 billion yuan, representing an increase of 7.08 billion yuan from the previous trading day, with the trading volume surging to 70.8 billion.