Shanghai’s answer to Nasdaq is benefiting from a wave of investor frenzy for Chinese technology stocks, outperforming rivals including Hong Kong by the widest margin since its inception.
The Star 50 index, which includes leading stocks on the city’s Star Market, has risen by 23 per cent this year. It is well ahead of the tech index in Shenzhen, which is up 10 per cent, and far better than the 14 per cent decline for Hong Kong’s Hang Seng Tech Index.