SSE Composite Index Breaks 3,500 — Hits New Year-to-Date High Amid A-Share Surge
TradingKey – On Wednesday, July 9, China’s A-share market staged a strong intraday rally, with all three major indexes climbing before retreating toward the close. The SSE Composite Index Index briefly broke above the 3,500-point threshold, peaking at 3,512, marking its highest level of 2025 so far.
The SZSE Component Index Index surged to 10,656, and the ChiNext Index hit 2,204, both reaching four-month highs.
Year-to-date performance:
- SSE Composite Index: up 7%
- ChiNext Index: up 6%
- SZSE Component Index: up nearly 5%
According to JPMorgan, China’s equity market could see further upside if overcapacity issues are effectively addressed. The firm believes that leading sectors like EVs and real estate stand to benefit most from structural reforms.
JPMorgan also noted that China’s capacity utilization rate lags behind the U.S. and EU, currently hovering around 74%, which has already begun to erode corporate profitability and valuations.
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