The Chinese stock market witnessed notable volatility today, with sharp gains and losses in key stocks. Suzhou Veichi Electric Co., Ltd. surged by 12.14%, closing at 53.19 CNY. The company’s performance was bolstered by market optimism surrounding its innovative electrical solutions.
Meanwhile, Sino-High (China) led the pack, jumping by a significant 19.98% to close at 28.82 CNY. Its strong rally reflects increased investor confidence in its industrial capabilities and growth potential. Similarly, Sanfeng Intelligent saw an impressive gain of 17.55%, finishing at 10.38 CNY.
On the downside, Funeng Oriental EQ faced the steepest decline, dropping by 14.44% to close at 6.99 CNY, as market participants reacted negatively to recent developments in the company’s financial outlook.
Other notable movers included Qingdao Kutesmart, which rose by 9.99% to 27.30 CNY, and Efort Intelligent Equipment Co., Ltd., which climbed 7.77% to 33.14 CNY.
Disclaimer:
Stock market investments are subject to market risks. The information provided is for informational purposes only and does not constitute financial advice.