1st LD-Writethru: Chinese shares rally as chipmakers surge-Xinhua

1st LD-Writethru: Chinese shares rally as chipmakers surge

Source: Xinhua

Editor: huaxia

2026-05-11 16:05:45

BEIJING, May 11 (Xinhua) -- China's stock market closed broadly higher on Monday, with technology shares leading gains as semiconductor and memory chip stocks staged a strong rally.

The benchmark Shanghai Composite Index went up 1.08 percent to close at 4,225.02 points, reclaiming the 4,200-point level, while the Shenzhen Component Index climbed 2.16 percent to 15,899.30 points.

The combined turnover of the two indices totaled 3.5 trillion yuan (about 511 billion U.S. dollars), expanding from 3.05 trillion yuan on the previous trading day.

Semiconductor, memory chip, and electronic chemicals sectors led the gains, while precious metals, port shipping, and airport shipping sectors posted the biggest declines.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.50 percent to close at 3,928.97 points Monday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.37 percent higher at 2,106.96 points.