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This report (chinatimes.net.cn) reporter Shuai Kecong reports from Beijing
On April 14, 2026, the three major A-share indices collectively rose, with the SSE Index increasing nearly 1%, returning above 4000 points; the Shenzhen Index and ChiNext rose by 1.61% and 2.36% respectively, both reaching a new high in over 4 years.
Market data shows that the ChiNext index reached a maximum of 3560 points during the session, less than 20 points away from the peak of 3576 points set in July 2021. If it can successfully break through 3576 points, it will set a new high in over ten years since June 2015.
Guo Yiming, Director of Investment Advisory at Jufeng Investment Consulting, analyzed to the &#34;Huaxia Times&#34; reporter that looking ahead, the risk appetite brought by the expectation of the resumption of US-Iran negotiations will continue to provide short-term support. Stocks with strong earnings certainty and improving prosperity are expected to become the structural main line, driving some indices to consolidate their gains. However, it is also necessary to be wary of risks such as earnings explosions and profit-taking. For investors, there is no need to panic excessively due to short-term fluctuations, nor should they blindly judge reversals and chase highs; they should rationally grasp opportunities in the recovery market.
SSE Index Returns to 4000 Points
On April 14, the three major A-share indices opened high, surged during the session but retreated somewhat, and strengthened again towards the end, collectively closing at the day's high.
As of the close that day, the SSE Index rose by 0.95%, closing at 4026.63 points; the Shenzhen Index rose by 1.61%, closing at 14639.95 points; the ChiNext rose by 2.36%, closing at 3558.53 points. In addition, the CSI 300 Index rose by 1.19%, the Northbound 50 Index rose by 1.17%, and the Sci-Tech Innovation 50 Index rose by 2.17%.
Among them, the SSE Index closed above 4000 points for the first time since March 20; the Shenzhen Index broke through the high point of February this year, reaching a new high since January 2022; the ChiNext index refreshed its peak for the third consecutive day, reaching a new high since August 2021.
The total trading volume of A-shares for the day was approximately 2.4 trillion yuan, an increase of over 230 billion yuan compared to the previous day, marking the fifth consecutive trading day with a trading volume exceeding 2 trillion yuan.
On the sector front, most of the 31 first-level industry sectors of Shenwan rose, with only the petroleum and petrochemical, coal, and steel sectors declining, with declines of 1.18%, 1.02%, and 0.58% respectively. The comprehensive, electronics, and real estate sectors led the gains, rising by 3.24%, 2.67%, and 2.6% respectively. A total of 3723 stocks in the market rose, with 71 hitting the daily limit; 1594 stocks fell, with 10 hitting the daily limit.
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It is worth mentioning that in less than a year, the stock price of Guosheng Technology (603778.SH), which surged more than 10 times, hit the daily limit down, with more than 700,000 hands still locked at the limit down price at the close. On the evening of April 13, the company announced that it would terminate the acquisition of 100% equity of Tongling Fuyue Technology Co., Ltd., citing that the merger loan in the transaction's preconditions had not been reached.
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The Middle East conflict remains a major focus of the current market. Negotiations between the United States and Iran in Islamabad ended on the 12th without any agreement. According to Xinhua News Agency, U.S. President Trump stated to the media at the White House on the 13th that Iran had called the U.S. that morning expressing a &#34;desire to reach an agreement,&#34; but he would not reach any agreement that allowed Iran to possess nuclear weapons. He emphasized, &#34;Iran will never have nuclear weapons,&#34; adding, &#34;If they do not agree, then there will be no agreement. There will never be an agreement.&#34;
According to CCTV News, on April 14, it was learned from relevant sources that the U.S. and Iranian delegations would continue negotiations later this week in Islamabad, Pakistan.
Guo Yiming stated that externally, the news of the potential resumption of U.S.-Iran negotiations releases positive signals, alleviating geopolitical risk concerns, increasing global risk appetite, and enhancing the willingness of overseas funds to flow back, providing incremental liquidity support for the market; internally, market sentiment continues to improve, with implicit support from policies and the improvement of certain industry prosperity strengthening the expectations of recovery, especially as key sectors like finance and consumption see concentrated gains, which not only helps the Shanghai Composite Index stabilize around 4,000 points but also pushes the ChiNext and Shenzhen Composite Index to recover lost ground.
The market will pay more attention to fundamentals
Recently, as the U.S.-Iran ceasefire enters the negotiation stage, the A-share market has changed from its previous downward trend to a fluctuating upward trend. Under the warm wind of deepening reform policies, the ChiNext Index has continuously refreshed its highest level in over four years. Industry insiders believe that although it is difficult to reach a consensus in the short term on U.S.-Iran negotiations, the resilience of the A-share market to external disturbances is continuously strengthening, and the future trend will gradually return to fundamental logic.
Dongxing Securities analyst Lin Yang stated in a research report that U.S.-Iran negotiations may become the main narrative style in the future, promoting discussions to ultimately reach consensus in phases. The impact of war on the capital market is expected to gradually decrease, with the core logic being that the market is gradually reflecting the impact of war through short-term declines, and as the negotiation process advances, expectations for marginal improvements are increasing. Even if a final agreement is difficult to reach in the short term, potential outcomes are continuously being priced in by the market, and the impact of high oil prices is expected to weaken.
&#34;Transitioning from confrontation to negotiation itself represents a recovery of risk appetite, and growth stocks are expected to continue to recover. The market will pay more attention to fundamentals and prosperity, and technology stocks that are not directly related to high oil prices are expected to continue to recover, stimulating market trading enthusiasm, with structural opportunities in the market gradually increasing,&#34; Lin Yang believes
Yang Chao, chief strategy analyst at China Galaxy Securities, pointed out that under the backdrop of oil prices, high inflation, and high interest rates, the global asset pricing logic is changing. U.S. Treasury yields are more susceptible to inflation and supply influences, with upward pressure on long-term interest rate centers. Gold has allocation value in an environment of inflation and uncertainty, while the upward shift in the central price of crude oil has become an important constraint.
In Yang Chao's view, the U.S. dollar is still supported by safe-haven demand and liquidity in the short term, but it faces adjustment pressure in the medium term against the backdrop of fiscal pressure and reserve diversification. At the same time, the attractiveness of RMB assets will increase, as China distances itself from core conflict areas, has room for policy maneuvering, and possesses strong supply chain and production capabilities, giving it an advantage in terms of &#34;stability.&#34;
Zhu Jinjing, an analyst at Hualong Securities, stated that in the short term, the U.S.-Iran conflict may still have fluctuations, but market sentiment may become dulled. The overall market may stabilize, but the continued evolution of the conflict and the progress of U.S.-Iran negotiations remain important observation factors. In addition, improving fundamental expectations and sectors with good performance will continue to provide structural opportunities for the A-share market.
Looking ahead, Lin Yang indicated that April is a performance disclosure period, and with the energy shocks brought by war conflicts and potential recession impacts, the market will pay more attention to performance realization. Key areas to focus on include high prosperity directions such as upstream AI, power chains, semiconductors, robotics, and commercial aerospace. At the same time, undervalued high-dividend value stocks have mid-term investment value, with a focus on securities firms, banks, coal, transportation, and insurance.
Yang Delong, chief economist at Qianhai Kaiyuan Fund, told reporters that to seize opportunities in the second quarter market, investors should focus on two directions: first, technology innovation areas such as chips and semiconductors, humanoid robots, computing algorithms, commercial aerospace, military industry, and controllable nuclear fusion, which are key development directions in the &#34;14th Five-Year Plan&#34;; second, areas with relatively low valuations and strong performance certainty, such as power equipment, energy storage, non-ferrous metals, precious metals, and chemicals

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The three major A-share indices rose collectively, with the SSE Index returning to 4,000 points, and the Shenzhen Index and ChiNext reaching new highs. The ChiNext is only 20 points away from a ten-year high. Analysts pointed out that the expectation of a resumption of negotiations between the U.S. and Iran has increased risk appetite, providing short-term support for the market, but performance risks should be monitored. The overall trading volume reached 2.4 trillion yuan, with most of the 31 sectors rising, particularly in the comprehensive, electronics, and real estate sectors

腾讯新闻 - 财经

Shenzhen Index

SSE Index

ChiNext

E Fund GEM ETF

Dacheng SZSE Component ETF

Fullgoal ChiNext Composite Enhance policies ETF

E Fund Shenzhen 100 ETF

Fullgoal SSE Composite ETF

E Fund Shenzhen 50 ETF

China Southern Shenzhen Stock Exchange Component Stock ETF

CSI 300

STAR 50

Grand Sunergy Tech

Dongxing Securities Co., Ltd.

First Seafront Gold ETF

A-shares surged! The SSE Index reclaimed the 4,000-point mark, and the ChiNext is aiming for a ten-year high