Wind Data: STAR 50 Up 60.17% YTD as of July 1; SSE 50 Down 1.51%

China’s STAR 50 Index has risen 60.17% year to date as of July 1, leading major mainland benchmarks, while the ChiNext Index is up 33.02%, Wind data showed, according to 36Kr. By comparison, the CSI 300 has gained 7.11%, and the SSE 50 Index has fallen 1.51%, making it the only major index in decline. Zhou Liwei, deputy investment director and portfolio manager at Guojin Asset Management’s equity investment department, said the market’s divergence reflects strong profit growth in high-momentum sectors such as electronics, alongside signs of a bubble in some high-valuation names and weak performance by quality companies in some lagging sectors.