A-shares closed with the STAR Market 50 Index rising 5.47%, having briefly approached its historical high earlier in the day.

CoinFeed reported on May 6th that, according to Jinshi Data, the three major A-share indices opened higher and continued to rise, with all indices climbing. The STAR Market 50 Index surged over 9% in the morning session, approaching its historical high; the ChiNext Index saw a significant increase in trading volume, continuing to reach a new high in nearly 11 years. By the close, the Shanghai Composite Index rose 1.17%, the Shenzhen Component Index rose 2.33%, the ChiNext Index rose 2.75%, and the STAR Market 50 Index rose 5.47%. The combined turnover of the Shanghai and Shenzhen stock exchanges reached 3.23 trillion yuan, an increase of 485.9 billion yuan compared to the previous trading day. On the market, hot sectors rotated rapidly, with over 3,800 stocks rising, including many white-chip stocks hitting their daily limit. Memory chip stocks continued their surge, with over 10 stocks, including Jiangbolong, GigaDevice, and Tongfu Microelectronics, hitting their daily limit. PET copper foil concept stocks rose sharply in the afternoon, with Defu Technology hitting its 20cm daily limit, continuing to reach a new high, while Tongguan Copper Foil and Wanbang Shares followed suit. Haiguang Information also hit its 20cm daily limit, reaching a new high.