The recovery followed a steep decline in which the STAR 50 index fell 3.78% by the midday break on Oct. 9, following a 4.82% drop in its first session after the National Day holiday. That index has lost more than a third of its value since July 1 as high-valuation tech hardware shares became vulnerable to growing doubts about the global AI trade. Despite the selloff, the index continues to trade at approximately 100 times earnings.
Wednesday, October 21, 2026
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China Stock Markets Jump on Suspected Selling Limits
Global Markets12 days ago
Mainland equity traders drove a late rally on Friday afternoon after rumors spread that Beijing ordered institutional investors to halt a market rout. Investors cited unverified screenshots of regulatory guidance instructing funds and insurers to restrict sell orders, while others attributed the surge to bargain hunting or purchases by state-backed entities known as the "national team" after the Shanghai Composite Index fell below a critical technical support level.
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