China Indexes Extended Weekly Gains Ahead of Key Economic Releases

Li Chen
10 Jul, 2026
Hong Kong

China's indexes advanced on Friday as investors searched for bargains in the recently beaten-down semiconductor- and AI-linked stocks. 

The Hang Seng Index increased 1.8%, and the mainland-focused CSI 300 Index gained 0.5% as investors awaited the release of a barrage of key economic data next week. 

China's statistical bureau is set to release monthly updates on international trade, retail sales, industrial production, second-quarter GDP growth, and the urban jobless rate. 

Market sentiment recovered towards the semiconductor-related stocks following the strong demand for the U.S. public offering of South Korea's SK Hynix, one of the three leading memory companies in the world. 

ChangXin Memory Technologies, or CXMT, set July 16 as its subscription date for the listing of its share on the Shanghai Stock Exchange. 

The Anhui-based DRAM maker is set to raise as much as 29.5 billion yuan, or $4.3 billion, and the company plans to sell 6.7 billion new shares, representing 10% of its enlarged share capital.    

The global DRAM market remains highly concentrated, and Micron Technology, Samsung Electronics, and SK Hynix account for 90% of the global market in 2025. 

CXMT holds 7.7% of the global market in the final quarter of 2025, according to the company's prospectus quoting Omdia data. 

 

China Indexes and Stocks 

The Hang Seng Index increased 1.8% to 24,455.57, and the mainland-focused CSI 300 Index advanced 0.5% to 4,900.20. 

For the week, the Hang Seng Index soared 4.5%, and the mainland-focused CSI 300 Index advanced 0.7%. 

Hygon International gained 3.3%, NAURA Technology decreased 0.9%, Eoptolink Technology advanced 1.3%, and SMIC jumped 3.9%.