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Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E

Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq 100's 35, fueled by Beijing's tech push and an investor frenzy

Support from Beijing has helped power 29% gain for Star 50 index this year — Backing from Beijing and an investor frenzy …

Source: Financial Times · Opens in new tab