Market Review: ChiNext Index up over 2%, computing power concept surges, CPO concept remains active

MetaMuskRat · 2026-03-19T06:07:35+00:00

On March 18, the A-share market showed signs of recovery, with the Shanghai Composite Index rising 0.32% and the ChiNext Index gaining over 2%. Despite weakness in oil and coal sectors, non-ferrous metals and semiconductors rose. Market sentiment was affected by Middle East tensions, with analysts noting the current situation represents a cyclical adjustment, and the revaluation of Chinese assets continues.

MetaMuskRat

2026-03-19 06:07:35

Abstract generation in progress

On March 18, the Shanghai Composite Index gained momentum in the afternoon, with the ChiNext Index rising over 2%. More than 3,500 A-shares were in the green.

By the close, the Shanghai Composite rose 0.32% to 4,062.98 points, the Shenzhen Component Index increased 1.05%, the ChiNext Index gained 2.02%, and the STAR Market Index rose 1.77%. The combined trading volume of the Shanghai and Shenzhen markets and the Beijing Stock Exchange was approximately 2.06 trillion yuan.

In terms of sectors, oil, coal, brewing, real estate, and banking declined, while non-ferrous metals, semiconductors, electricity, and pharmaceuticals rose. Concepts like computing power, CPO, and storage chips were active.

Guotai Haitong Securities stated that recent Middle East geopolitical conflicts have attracted widespread market attention, and A-share market sentiment has inevitably been affected. However, beyond the short-term disturbances, the current market is more of a phase adjustment. The process of re-evaluating Chinese assets is still steadily progressing. Only with patience and waiting for opportunities can investors better grasp subsequent allocation chances.

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