Technology stocks continued to recover this week
Posted: Tue Feb 18, 2025 3:13 am
After ZTE Corporation, with a market value of nearly 180 billion yuan, set a record for daily trading volume on Thursday, the even bigger giant, Semiconductor Manufacturing International Corporation, with a market value of over 750 billion yuan, took over on Friday.
The Science and Technology Innovation 50 Index led the gains this week with a 2.17% increase, while the Wind Micro Cap Index ranked last with a 3.98% decrease. Optical modules, ASIC chips and optical communication concept indexes performed best this week. It can be seen that after the enthusiasm for smallcap stock speculation has cooled down, technology stocks have taken the lead and led the market counterattack.
Thanks in large part to the courage of funds to pull up large market belgium phone number list capitalizations. On Tuesday, smallcap Ashares retreated collectively, with midcap and special valuations protecting the market. On that day, Ashares showed signs of a shift from high to low.
After the market closed, the Stateowned Assets Supervision and Administration Commission of the State Council issued another positive announcement on market value management. On Wednesday, Chinese and special stocks exploded. On Thursday afternoon, technology stocks stepped forward under the stimulation of rumors that AI models were embedded in iPhones sold domestically and Douyin concept stocks. This is a typical example of "weight setting the stage and growth playing the show.
The Science and Technology Innovation 50 Index led the gains this week with a 2.17% increase, while the Wind Micro Cap Index ranked last with a 3.98% decrease. Optical modules, ASIC chips and optical communication concept indexes performed best this week. It can be seen that after the enthusiasm for smallcap stock speculation has cooled down, technology stocks have taken the lead and led the market counterattack.
Thanks in large part to the courage of funds to pull up large market belgium phone number list capitalizations. On Tuesday, smallcap Ashares retreated collectively, with midcap and special valuations protecting the market. On that day, Ashares showed signs of a shift from high to low.
After the market closed, the Stateowned Assets Supervision and Administration Commission of the State Council issued another positive announcement on market value management. On Wednesday, Chinese and special stocks exploded. On Thursday afternoon, technology stocks stepped forward under the stimulation of rumors that AI models were embedded in iPhones sold domestically and Douyin concept stocks. This is a typical example of "weight setting the stage and growth playing the show.