The Shanghai Composite Index closed up 0.97%, returning to the 4000 mark, with a total trading volume exceeding 2 trillion in both markets

According to the Economic Information Agency on the 6th, the Shanghai Composite Index today returned to 4000 points with increased volume, closing up 0.97% at 4007.76 points; the Shenzhen Component Index rose 1.73%, and the ChiNext Index increased by 1.84%. The total trading volume of the two markets reached nearly 2.06 trillion yuan (RMB, same below), an increase of 183 billion yuan or 10% compared to the previous trading day. A total of 2827 stocks rose, while 2162 stocks fell.

Foreign media reports indicate that China has banned the installation of foreign AI chips in new data centers funded by the state, refocusing investors' attention on the self-controlled trend of China's high-end technology. The semiconductor sector led the industry with a rise of 3.9%, with Cambricon (Shanghai: 688256) up 9.8% and SMIC (Shanghai: 688981) rising 4.2%.

Additionally, the phosphorus chemical sector saw a collective surge, with stocks like Qing Shui Yuan (Shenzhen: 300437) and Yun Tian Hua (Shanghai: 600096) hitting the daily limit; the power grid equipment sector also continued its strong performance. In contrast, the tourism sector showed a clear pullback, with snow industry concept stocks leading the decline, and Dalian Shengya (Shanghai: 600593) hitting the daily limit down.

China will announce its October import and export data tomorrow (7th). According to a Reuters survey of over 30 institutions, the median estimate indicates that China's dollar-denominated export growth rate for October is expected to drop significantly to 3.0%, marking the lowest growth rate in eight months, mainly due to the high base formed by "export rush" in the fourth quarter of last year and the reduced number of working days in the month. However, exports to non-US regions will still provide support. (ry)

Main indices of the Shanghai and Shenzhen stock markets