PANews news on May 6, according to Jinshi Data, the three major stock indices in A-shares opened high and rose steadily, with the entire market on an upward trend. The Sci-Tech Innovation 50 Index once increased more than 9% in early trading, approaching historical highs; the ChiNext Index saw a significant increase, reaching a nearly 11-year high. 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 Sci-Tech Innovation 50 Index rose 5.47%. The total trading volume of the Shanghai and Shenzhen markets was 3.23 trillion, an increase of 485.9 billion compared to the previous trading day. On the surface, market hotspots rotated quickly, with more than 3,800 stocks in the two markets rising, and several white chips hitting the daily limit. Storage chips continued to surge, with more than ten stocks including Jiangbolong, Zhaoyi Innovation, and Tongfu Microelectronics hitting the daily limit; PET copper foil concept stocks significantly increased in the afternoon, with Defu Technology hitting the daily limit and reaching a new high, followed by Tongguan Copper Foil and Wanbang Co., Ltd. Haiguang Information also once hit the daily limit and created a new high. In the afternoon, international gold prices rebounded, leading the precious metals sector to fluctuate and rise, with Xiaocheng Technology, Sichuan Gold, and Chifeng Gold leading the gains. In addition, the oil and gas sector adjusted following international oil prices, with Zhongman Petroleum and China National Offshore Oil Corporation declining. The liquor sector continued to pull back, with Wuliangye dropping more than 5% during trading.

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