FT: Shanghai's Tech-Focused STAR 50 Index Up 29% in 2026 With P/E Above 150, Fueled by China's AI Push
Summary
The Financial Times reports Shanghai's tech-heavy STAR 50 index is up 29% year-to-date in 2026 with a price-to-earnings ratio above 150 — more than four times the Nasdaq 100's 35 — as retail investors chase Beijing's tech-sovereignty push. The rally is concentrated in semiconductors, optical-module makers and AI infrastructure names, echoing dot-com-era valuations.
Originally reported by ft.com
Read the original article →Original headline: FT: Shanghai's Tech-Focused STAR 50 Index Up 29% in 2026 With P/E Above 150, Fueled by China's AI Push