On March 5, A-shares opened higher across the board in early trading, with the three major stock indices collectively rising at the start of the session. Concept stocks related to AI wearables, semiconductors, and ultra-high voltage saw broad gains, while the engineering machinery and electronic components sectors also rebounded. Oil and gas stocks continued to adjust. Hong Kong stocks also rebounded, with the Hang Seng Index and the Hang Seng TECH Index both rising over 1% in the morning session. Most technology and internet stocks advanced, while semiconductors and electrical equipment sectors surged significantly.
In the bond market, government bond futures fell across the board. In commodities, domestic commodity futures saw widespread gains, with the containerized freight index continuing its strong performance, rising over 11% at one point during early trading. Core market movements:
A-shares: As of writing, the Shanghai Composite Index was up 0.45%, the Shenzhen Component Index was up 1.28%, and the ChiNext Index was up 1.53%.
Hong Kong stocks: As of writing, the Hang Seng Index was up 1.21%, and the Hang Seng TECH Index was up 1.01%.
Bond market: Government bond futures fell across the board. As of writing, the 30-year main contract was down 0.07%, the 10-year main contract was down 0.03%, the 5-year main contract was flat, and the 2-year main contract was down 0.01%.
Commodities: Domestic commodity futures were mostly higher. As of writing, the containerized freight index was up over 6%, fuel oil and lithium carbonate were up over 4%, Shanghai tin was up 3%, while Shanghai silver, Shanghai aluminum, caustic soda, and industrial silicon each rose 2%. Iron ore, platinum, and polysilicon gained over 1%. Eggs, stainless steel, Shanghai copper, Shanghai gold, Shanghai nickel, rebar, rubber, and others also moved higher.
On the news front, according to a government work report, the main expected target for 2026 development mentions economic growth of 4.5% to 5%, with efforts to achieve better results in practical work.
09:43 Superhard materials concept was active in early trading, with S.F.D. rising over 10%. Power Diamond, Wald, Huanghe Whirlwind, HuiFeng Diamond, and Guojiao Jinggong followed with gains.
On the news front, on March 3, Akash Systems announced the launch and listing of the first batch of AI servers using Diamond Cooling® technology and equipped with AMD Instinct™ MI350X GPUs. This marks the first application of diamond cooling technology in AMD's high-end AI chips, following NVIDIA's H200.
09:37 The memory chip concept strengthened repeatedly, with BIWIN Storage rising over 12%. Ingenic Semiconductor, Hensum, Demingli, GigaDevice, Dagang, Shikong Technology, and Shannon Xinchuang followed with gains.
On the news front, Samsung Electronics raised its Q1 DRAM price increase forecast from 70% to 100%. Additionally, BIWIN Storage announced that it expects revenue for January-February 2026 to reach 4 billion to 4.5 billion yuan, a year-on-year increase of 340% to 395%.
09:25 The Shanghai Composite Index opened 0.67% higher, while the ChiNext Index rose 2.27%. The internet, semiconductor, communications, and electronics sectors rebounded. Themes such as computing hardware, AI wearables, cloud computing, AI applications, and humanoid robots were active. The oil and gas, shipping, agriculture, and coal sectors pulled back.
09:21 The Hang Seng Index opened 1.32% higher, and the Hang Seng TECH Index rose 1.61%. Technology and internet stocks collectively rebounded. NIO rose over 5%, while JD Health, SenseTime, Huahong Semiconductor, Horizon Robotics, and Bilibili each gained over 3%.
09:04 The consecutive main contract for containerized freight index (Europe route) futures rose 11% intraday.
09:01 At the opening of commodity futures, the main crude oil contract rose over 9%, containerized freight (Europe route) rose over 4%, Shanghai tin and lithium carbonate rose over 3%. Shanghai aluminum, aluminum alloy, Shanghai silver, and fuel oil each rose over 2%.
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