A-share markets opened lower but staged a recovery on August 5, with the three major indices quickly reversing early losses. The Shanghai Composite Index and the Shenzhen Component Index turned positive, while the ChiNext Board narrowed its declines after opening more than 3% lower. The STAR 50 Index surged 3%, led by an explosion in the semiconductor supply chain, including semiconductor materials, equipment, and silicon wafers. The biotechnology and non-ferrous metals sectors also strengthened, while oil, baijiu, and power stocks faced headwinds.
Notably, the optical module sector opened sharply lower. The 'Yi-Zhong-Tian' stocks, which had initially plunged, saw their losses shrink significantly. This followed a People's Daily article stating that Sino-US economic and trade relations require a "cooperation list," not a "coverage list."
Hong Kong stocks retreated after opening higher, with both the Hang Seng Index and the Hang Seng Tech Index declining in early trade. Tech stocks fell broadly, while chip and semiconductor stocks continued their rebound, with 兆易创新 and 华虹宏力 leading gains. AI large models surged, with 智谱 and MINIMAX both rising over 6%.
In the bond market, government bond futures collectively rose. In commodities, most domestic futures contracts advanced, with precious metals leading the gains.
Key Market Moves:
A-shares: As of writing, the Shanghai Composite Index gained 0.39%, the Shenzhen Component Index rose 0.51%, and the ChiNext Board edged up 0.06%.
Hong Kong Stocks: As of writing, the Hang Seng Index fell 0.32%, while the Hang Seng Tech Index increased 0.22%.
Bond Market: Government bond futures were broadly higher. As of writing, the 30-year futures contract rose 0.07%, the 10-year contract gained 0.03%, the 5-year contract added 0.02%, and the 2-year contract edged up 0.01%.
Commodities: Most domestic commodity futures contracts advanced. As of writing, palladium and platinum surged over 4%, silver futures rose 3%, and contracts for coking coal, caustic soda, gold, rubber, eggs, coke, the containerized freight index, lithium carbonate, copper, tin, industrial silicon, pulp, and alumina all increased. Conversely, hot-rolled coil, rebar, iron ore, glass, soybean meal, and manganese silicon fell. Polysilicon, asphalt, and nickel dropped over 1%, while stainless steel, fuel oil, and crude oil declined over 2%.
09:47
The ChiNext Board turned positive, and the STAR 50 Index surged over 4%. CPO concept stocks rebounded from early lows, with 星网锐捷, 沃格光电, and 科瑞技术 hitting their daily upper limit, while 锐捷网络 rose over 13%.
09:44
The glass substrate concept performed actively, with 沃格光电 hitting its daily limit for a second consecutive session. 红星发展, 京东方A, 艾森股份, 金瑞矿业, and 天承科技 followed with gains. In early trade, the ultra-node concept fluctuated and rebounded, with 紫光股份 hitting its daily limit, 锐捷网络 rising over 10%, and 共进股份, 星网锐捷, 菲菱科思, 浪潮信息, and 裕太微 posting gains.
09:38
The semiconductor equipment sector continued to strengthen, with 金海通 hitting its daily limit for a second consecutive session. 长川科技, 华峰测控, 中微公司, 盛美上海, and 拓荆科技 also advanced. Memory chip concept stocks moved higher, with 时空科技 hitting its daily limit, while 恒烁股份, 普冉股份, 德明利, 江波龙, 北京君正, and 佰维存储 followed with gains.
09:27
In early trade, CPO concept stocks opened significantly lower, with 中际旭创 opening nearly 14% lower, 新易盛 falling over 10%, and 剑桥科技, 东山精密, 源杰科技, 长光华芯, and 天孚通信 all declining over 6%.
09:26
The Shanghai Composite Index opened 0.19% lower, while the ChiNext Board fell 3.35%. CPO concept stocks saw a sharp correction, with AI computing power, space photovoltaic, PCB, and short drama game themes weakening. Rare earth magnets, smart driving, and gold bucked the trend with gains.
09:21
The Hang Seng Index opened 0.15% higher, and the Hang Seng Tech Index rose 0.33%. 智谱, MINIMAX, and 联想集团 rose over 3%, while 地平线机器人 and 阿里巴巴 gained over 2%.
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