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Shanghai Composite Index rose 25.58% in the Year of the Snake, and institutions believe that the technology sector is expected to make a comeback after the holiday.
The Year of the Snake lunar market rally has come to an end. Looking at the entire year (February 5, 2025, to February 13, 2026), the market experienced only short-term fluctuations in early April last year, followed by a steady upward trend. The Shanghai Composite Index increased by 25.58% cumulatively, the Shenzhen Component Index rose by 38.84%, the ChiNext Index gained 58.73%, and the STAR Market Composite Index increased by 64.20%. In the final week of the Year of the Snake, the market still showed obvious sector rotation characteristics, and no clear hot trend emerged on the trading floor. Several institutions believe that after the Spring Festival holiday, from the perspectives of event catalysts and calendar effects, the technology sector led by AI is expected to make a comeback. (Shanghai Securities Journal)