On November 5, A-shares opened lower but climbed back up, with the three major indices recovering in early trading. The Shenzhen Component Index and ChiNext both turned positive, while the STAR Composite Index and STAR 50 also rebounded from early losses, gaining more than 2% in morning trade. Concept stocks tied to solar power, new energy batteries, and AI applications surged, while oil and gas, coal, and shipping sectors fell into correction. Losses in computing hardware narrowed significantly, with optical modules and optical chips turning higher.
Hong Kong stocks opened higher and extended gains, with both the Hang Seng Index and Hang Seng Tech Index rising in early trading. The Hang Seng Index climbed 2%, while the Hang Seng Tech Index surged over 4%. Internet stocks rallied sharply, with Alibaba, Tencent, JD.com, and Xiaomi all posting strong gains. Lenovo bucked the trend, falling nearly 10%. Tech stocks in optical modules and memory chips corrected, while AI large-model stocks also declined. In the bond market, treasury futures mostly rose. In commodities, domestic futures traded mixed, with crude oil plunging after international oil prices suffered a sharp overnight selloff.
Key market movements:
A-shares: As of press time, the Shanghai Composite rose 0.02%, the Shenzhen Component gained 1.27%, and the ChiNext Index advanced 1.10%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 2.06% and the Hang Seng Tech Index gained 3.16%.
Bond market: Treasury futures fluctuated higher. As of press time, the 30-year main contract rose 0.05%, the 10-year main contract gained 0.04%, the 5-year main contract added 0.01%, and the 2-year main contract was flat.
Commodities: Domestic commodity futures traded mixed. As of press time, palladium and platinum surged over 6%, Shanghai silver and Shanghai gold rose 4%, and polysilicon, Shanghai nickel, stainless steel, coking coal, and coke gained over 1%. Iron ore, industrial silicon, rebar, hot-rolled coil, wood pulp, manganese silicon, alumina, and soda ash all moved higher, while Shanghai copper, soybean meal, lithium carbonate, Shanghai aluminum, the container shipping index, Shanghai tin, glass, caustic soda, and rubber declined. Bitumen and crude oil plunged over 9%, and fuel oil plummeted 13%.
09:51
The Shanghai Composite Index turned positive, with the STAR Composite Index and ChiNext Index rising continuously. Internet, cultural media, semiconductor, real estate, and non-ferrous metals sectors all advanced.
09:42
The solar sector surged fiercely, with Saiwu Technology, Oujing Technology, Yongzhen Co, Haiyou New Material, GCL Integration, Shuangliang Eco-Energy, and Junda Co hitting the daily limit. New energy stocks in the U.S. market performed well overnight.
09:42
The ChiNext Index turned positive after previously falling 2%.
09:37
In early trading, the power grid equipment sector saw a sudden rally, with Shunna Co hitting the daily limit in a straight line. Canneng Electric, Jinpan Technology, Xinte Electric, TG Cable, and Shenma Power followed higher.
In early trading, CPO concept stocks fluctuated lower, with JPT and Lianxun Instruments falling over 10%. Zhongji Innolight dropped nearly 10%, while Hengdongguang, Eoptolink, Yuanjie Technology, and Tianfu Communication all fell over 6%.
In early trading, gold concept stocks opened broadly higher. Shenzhonghua A hit the daily limit in a straight line, marking its second consecutive limit-up. Shengda Resources hit the daily limit at the opening auction, while Chifeng Gold, Sichuan Gold, Xiaocheng Technology, and Zhaojin Gold were among the top gainers.
09:35
The Hang Seng Tech Index extended its early gain to 3%, while the Hang Seng Index rose 2%. NetEase surged over 7%, and Lenovo Group fell over 10% against the trend.
09:26
The Shanghai Composite Index opened 1.07% lower, and the ChiNext Index fell 2%. Oil and gas and optical communication sectors corrected, while gold, aviation, and solar sectors strengthened.
09:21
The Hang Seng Index opened 1.66% higher, and the Hang Seng Tech Index rose 1.43%. Xiaomi Group, Zijin Mining, CATL, NetEase, Alibaba, China Eastern Airlines, and China Southern Airlines strengthened. Zhongji Innolight fell over 7%.
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