Shanghai Shenzhen 300 Index reached its highest level since 2018

On July 2, 2020, Shanghai Shenzhen 300 Index rose to 4,336 points, the highest level since 2018, increasing by 22.8% compared to the trough reached on February 23. The move indicates that the markets are optimistic about the economic outlook in China in the third quarter of 2020.  

The sub-indices of health care, consumer staples, information technology and consumer discretionary surged by 37%, 36.4%, 27.2% and 23.1%, respectively, higher than the main index. By contrast, only the energy sub-index dropped by 5.3% due to lower prices caused by the COVID-19 pandemic.

Detailed data and analysis on COVID-19 and its economic impact can be found in CEIC’s Coronavirus Data Monitor. Further indicators on China’s Economy can be found in the CEIC China Economy in a Snapshot - Q2 2020.