China Stocks Surge to Decade-High Amid Market Optimism

China's stock market rally has propelled the Shanghai Composite Index to 3,728.03 points, its highest level in nearly a decade. The intraday peak of 3,745.94 marks the strongest performance since August 2015, with total market capitalization breaching 100 trillion yuan ($13.92 trillion) for the first time during the session.

Over 4,000 stocks advanced, led by brokerages and fintech firms. The Shenzhen Component Index ROSE 1.73% while the ChiNext Index gained 2.84%. Investor confidence stems from China's 5.3% economic expansion in the first half of 2024—a notable contrast to the volatility seen in previous rallies.

The CSI 300's 10-day historical volatility hovering NEAR yearly lows suggests measured positioning. This sustained growth pattern reflects deepening institutional participation rather than speculative fervor.