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The recent bullish performance of the tech-heavy ChiNext in Shenzhen has come amid international investors' increasing interest in A-share companies, especially the smaller-cap technology companies, experts said on Monday.
Although widespread headwinds roiled major global stock markets on Monday, China's A-share market ducked the downtrend on Tuesday with the benchmark Shanghai Composite Index and the Shenzhen Component Index climbing 1.02 percent and 0.2 percent, respectively.
Bullish sentiment characterized the A-share market on the last trading day of May, with benchmark indexes consolidating gains amid more economic stimulus policies and better control of the latest COVID-19 resurgence, insiders said on Tuesday.
Despite the doldrums in early trading, the A-share market built on gains toward the end of the day－and all three major indexes closed higher on Wednesday.
When Chinese beverage chain Luckin Coffee was ejected from Nasdaq in June 2020 after it had admitted a couple of months earlier that it had cooked its books, little did market mavens realize the development will not only have serious implications for the 280-odd US-listed Chinese companies but cast a shadow on bilateral trade, economic and diplomatic relations.