Chinese stocks rebound after suspected state support boosts ETF trading
Chinese benchmark stocks rose on Friday as high ETF volumes suggested possible intervention by state-backed funds.
Index gains erase recent losses
The CSI 300 Index climbed 1.7 per cent to close at 4,105.33 points. This move wiped out earlier declines that had pushed the gauge into a bear market.
ETF turnover signals potential buying
Trading activity in major exchange-traded funds surged significantly on the day. The CSI 300 ETF managed by E Fund Management recorded 19.5 billion yuan in volume, marking its busiest session since October 9, 2024.
Analysts suspect government intervention
Surging volumes in key funds point to possible buying by Central Huijin Investment and other state entities. Major companies involved in the artificial intelligence trade also sought to calm investor concerns.
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