Chinese Stocks Mid-Day Review: Three Major Indices Soar, Shanghai Composite Up 0.51%, ChiNext Index Up 2%, and PEER Material and Lithium Stock Leaders!
August 11th, 2025｜A Chinese stocks mid-day review: The three major indices are collectively up, with the Shanghai Composite up 0.51% to 3653.5 points, the Shenzhen Component Index up 1.48%, and the ChiNext Index up 1.99%. The Shanghai, Shenzhen, and Beijing markets saw a total of 11496 billion yuan in transactions, an increase of 563 billion yuan compared to the previous day, with over 4200 stocks rising.
The market saw PEEK material stocks lead the way, with DoubleOne Technology and Supor Co. Ltd. rising to their daily limits, while New Materials Co. rose over 17%. Lithium stocks also surged across the board, with Shengxuan Energy and Tianqi Lithium Industry rising to their daily limits. Following the expiration of Ningde Times' mining permit for its Yichun project on August 9th, institutions are predicting a potential rise in lithium prices.
Additionally, spot gold prices in Asia once fell below $3370, causing a decline in gold stocks, with Chifeng Gold and Tihoo Group declining over 4%. Bank stocks also saw widespread declines, with Pudong Development Bank and Chongqing Bank declining over 1%. (Glon)