Chinese tech indexes close at all-time highs as investors await Trump-Xi summit

Both the ChiNext and SSE Star 50 indexes closed at record highs on Wednesday, as investor optimism over China’s tech sector surges China’s tech-heavy ChiNext Index surged to an all-time high on Wednesday, closing past the 4,000-point mark as investor optimism rose ahead of US President Donald Trump’s trip to Beijing. The index, which tracks tech firms listed on Shenzhen’s Nasdaq-style ChiNext board, reached 4,038.33 by market close, its highest finish on record. Other Chinese stock indexes also made strong gains, with the Shanghai Composite Index rising to its highest level since 2015. In a Wednesday note, Morgan Stanley said China’s equities market could see “moderate upside by the second quarter of 2027” based on “improved earnings and growing dominance in global upstream supply chains”.

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