The Shenzhen Component Index (399001.SZSE) experienced a significant decline on January 10, 2025, as it closed at 9,795.94 CNY, shedding 180.06 points or 1.80% from the previous session. This marks a tough day for the index, which has faced a year-to-date drop of 5.81% amidst ongoing market fluctuations.
Over the past month, the index has suffered a sharp decline of 9.14%, attributed to investor concerns over economic recovery and global market uncertainties. Despite the short-term downturn, the Shenzhen Component Index has shown a positive 10.92% growth over six months and an impressive 9.84% gain over the last year, indicating resilience in the longer term. However, the five-year trend remains negative, with a drop of 10.36%, reflecting challenges faced by the Chinese equity market.
The index’s all-time performance remains stellar, boasting a cumulative growth of 260.62% since its inception, showcasing the historical strength of China’s innovative and tech-driven companies that dominate the Shenzhen Stock Exchange.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results.