Mei Ri Jing Ji Xin Wen·2025-08-28 07:56Market Performance - The market experienced a V-shaped rebound on August 28, with the ChiNext Index leading the gains, and the STAR 50 Index rising over 7% [2] - The Shanghai Composite Index rose by 1.14%, the Shenzhen Component Index increased by 2.25%, and the ChiNext Index surged by 3.82% [2] - Over 2,800 stocks in the market saw an increase, with total trading volume in the Shanghai and Shenzhen markets reaching 2.97 trillion yuan, a decrease of 194.8 billion yuan from the previous trading day [2] Sector Performance - The CPO, semiconductor, copper foil, and PCB sectors showed the highest gains, while agriculture, weight loss drugs, clothing, and liquor sectors experienced declines [2] Notable Stocks - Key stocks such as Cambricon, SMIC, and others reached historical highs, with Cambricon being referred to as the "king of stocks" [6][9] - Notable stock performances included: - SMIC: +17.45%, trading volume of 27.119 billion yuan, year-to-date increase of 26.00% [5] - Cambricon: +15.73%, trading volume of 26.024 billion yuan, year-to-date increase of 141.32% [5] - NewEase: +15.12%, trading volume of 24 billion yuan, year-to-date increase of 331.68% [5] - Other significant performers included Northern Rare Earth, Shenghong Technology, and Industrial Fulian [5] Market Sentiment - The technology sector was the main driver of the market's recovery, with multiple tech stocks reaching historical highs [6] - Analysts suggest that the rise of Cambricon above Kweichow Moutai may signal a shift in market sentiment towards technology stocks [6][9] Policy and Industry Outlook - Recent government policies, including the "Artificial Intelligence+" initiative, are seen as favorable for the technology sector [9] - The global demand for AI computing power is increasing, which is expected to boost the demand for advanced process chips [9] - Analysts predict that domestic chip suppliers and related industries will benefit from increased procurement and usage of domestic chips by large model development companies and internet platforms [9]