SZSE Component Index Gains 2.29% in Early Trade on April 10, Tracks Global Tech Rally
Key Highlights:
The SZSE Component Index surged in early trade on 10 April 2025, climbing 218.09 points (+2.29%) to 9,757.98, supported by strong overnight performance on Wall Street, especially the Nasdaq’s 12.16% rally.
Investors are piling into tech, renewable energy, and innovation-linked Chinese equities amid growing confidence in a global demand recovery.
SZSE Snapshot – 10 April 2025 (As of 9:28 AM CST)
| Metric | Value |
|---|---|
| Current Index | 9,757.98 |
| Opening | 9,757.98 |
| Day’s High | 9,757.98 |
| Day’s Low | 9,757.98 |
| Previous Close | 9,539.89 |
| Change | +218.09 pts (+2.29%) |
| 52-Week High | 11,864.11 |
| 52-Week Low | 7,908.52 |
What’s Powering the Rally Today?
- Tech Rebound: Nasdaq’s overnight rally lifts China’s hardware, chip, and cloud tech stocks.
- Local Policy Optimism: Speculation on fresh PBoC liquidity measures adds fuel to buying sentiment.
- Improving Exports Forecast: Chinese export optimism grows as Asian peers see a demand uptick.
- AI & Green Energy: Renewed interest in EVs, solar, and AI infrastructure firms
Key Early Movers
- BYD Co. Ltd. – Up 3.6% on EV optimism
- Lens Technology – Up 4.4% after AI chip supply news
- CATL – Up 2.9% on strong battery demand outlook
- East Money Information – Up 3.2% in financial services rally
- Shenzhen Mindray – Up 2.1% in medical devices
Technical Levels to Watch
| Level Type | Value |
|---|---|
| Resistance 1 | 9,800 |
| Resistance 2 | 9,920 |
| Support 1 | 9,640 |
| Support 2 | 9,540 |
A sustained move above 9,800 could trigger momentum-based inflows from global ETFs and institutional investors.
Analyst Commentary
“Shenzhen tech stocks are catching up with the global trend. A strong Nasdaq, coupled with China’s strategic sectors like semiconductors and green energy, is driving this uptrend,” said Zhao Jun, Head of Research at Huatai Securities.
SZSE Joins Asia’s Bullish Wave on April 10
The SZSE Component Index has started the day with solid gains of over 2.29%, echoing strength across Asia-Pacific markets and the U.S. tech rebound. Eyes are now on whether this bullish trend will carry through the afternoon session and break past critical resistance zones.
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