On May 21, A-shares opened higher in the morning session, with all three major indices rising collectively. The Shenzhen Component Index gained over 1%, while the ChiNext Index surged more than 2%. Chip and semiconductor sectors were active, and concept stocks related to non-ferrous metals and shipping saw collective gains. Brokerage and insurance sectors strengthened, while some computing hardware stocks adjusted. Concepts such as optical modules, optical communication, and optical circuit switches declined. Sectors like circuit boards, glass fiber, and copper-clad laminates experienced significant rallies.
Hong Kong stocks also strengthened in the morning session, with both the Hang Seng Index and Hang Seng Tech Index rising. Technology and internet stocks showed mixed performance: Meituan rose 3%, while Baidu and Bilibili declined. In the bond market, treasury bond futures fluctuated and rose. In commodities, most domestic commodity futures advanced, with metals like Shanghai tin and Shanghai silver leading the gains. Key market movements:
A-shares: As of the latest update, the Shanghai Composite Index rose 0.44%, the Shenzhen Component Index gained 1.01%, and the ChiNext Index increased 0.82%.
Hong Kong stocks: As of the latest update, the Hang Seng Index rose 0.52%, and the Hang Seng Tech Index gained 0.91%.
Bond market: Treasury bond futures fluctuated higher. As of the latest update, the 30-year main contract rose 0.04%, while the 10-year, 5-year, and 2-year main contracts remained flat.
Commodities: Domestic commodity futures generally rose. As of the latest update, Shanghai tin and Shanghai silver surged over 3%, while eggs, polysilicon, containerized freight index, platinum, Shanghai copper, lithium carbonate, Shanghai gold, palladium, and glass gained over 1%. Most varieties, including rubber, caustic soda, coking coal, ferromanganese silicon, industrial silicon, Shanghai aluminum, alumina, and coke, also advanced. Iron ore, pulp, soybean meal, and asphalt declined, with fuel oil and crude oil leading the losses.
09:58 The ChiNext Index rose over 2%, with semiconductor and stock trading software concept stocks active.
09:42 The securities sector collectively strengthened, with Huaan Securities hitting the daily limit-up, Guoyuan Securities rising over 8%, followed by gains in China Merchants Securities, East Money Information, Huatai Securities, CITIC Securities, China Galaxy, Northeast Securities, and Orient Securities.
09:39 The shipping concept rapidly gained, with China Merchants Energy Shipping hitting the daily limit-up, followed by gains in China Merchants Shipping, Guohang Ocean Shipping, COSCO SHIPPING Energy, COSCO Shipping Specialized Carriers, and Ningbo Marine.
On the news front, the tanker market showed strong performance in Q1 2026, with VLCC freight rates significantly elevated and frequently hitting new highs. Geopolitical risks, tight compliant capacity, and trade flow restructuring collectively pushed up freight rates and risk premiums.
09:37 The non-ferrous metals sector opened actively, with Orient Zirconic hitting the daily limit-up, Yunnan Tin and Haotong Technology rising over 7%, followed by gains in Huaxi Nonferrous Metals, Sino-Platinum Metals, Yunnan Tin, and Orient Zirconium.
On the news front, LME tin rose over 6% intraday to $54,600 per ton. The Democratic Republic of the Congo recently experienced a new outbreak of Ebola, spreading to North Kivu Province (location of the Bisie mine). Rwanda temporarily closed border crossings with Goma. Additionally, spot gold rose above $4,560 per ounce, gaining 0.38% intraday.
09:36 Semiconductor equipment stocks repeatedly strengthened, with Shengjian Technology hitting two consecutive daily limit-ups, Liandong Technology rising over 10%, followed by gains in Kingsemi, ACM Research, Fuleide, and Huafeng Measurement & Control.
On the news front, Changjiang Securities believes global wafer fab equipment spending will continue to grow from 2025 to 2027. Domestic leaders are steadily increasing their market share in key equipment areas such as etching, thin-film deposition, and cleaning. With continuous R&D investment and an expanding product portfolio, their long-term growth potential is clear amid the trend of domestic substitution.
09:36 Hong Kong-listed chip stocks extended strong gains, with Montage Technology expanding gains to over 11%, SMIC rising over 5%, GigaDevice hitting a new historical high with a gain over 4%, followed by gains near 4% in Hua Hong Semiconductor, Tianshu Zhixin, and Shanghai Fudan.
09:32 CPU concept stocks were active at the open, with Hesheng New Materials hitting the daily limit-up, followed by gains in China Great Wall, Montage Technology, Wantong Development, Hygon Information, and Loongson Technology.
On the news front, the "Big Three U.S. CPU Stocks" collectively closed sharply higher overnight, with Arm surging over 15%, AMD rising over 8%, and Intel gaining over 7%. Citigroup noted that the total addressable market for data center server CPUs could expand significantly from $29.3 billion in 2025 to $131.5 billion by 2030, with a compound annual growth rate potentially reaching 35%.
09:29 The glass substrate concept opened sharply higher in the morning session, with BOE, Caihong, and W-olf Photoelectric hitting the daily limit-up at the open, followed by gains in GobiJia, DIAL, Tiancheng Technology, and Linuo Health Packaging.
On the news front, BOE announced it signed a memorandum of cooperation with Corning, stating the two companies will collaborate in key areas including glass-based packaging substrates, foldable glass, perovskite glass substrates, and optical interconnect applications.
09:26 The Shanghai Composite Index opened 0.29% higher, while the ChiNext Index rose 1.03%. The semiconductor industry chain strengthened again, with memory and GPU sectors leading gains; photovoltaic, commercial aerospace, and consumer electronics concept stocks were active. Power, oil and gas, AI application, and e-commerce themes weakened.
09:21 The Hang Seng Index opened 0.71% higher, while the Hang Seng Tech Index rose 1.04%. SMIC gained over 3%, while Hua Hong Semiconductor and XPeng rose over 2%; Bilibili fell over 2%.
Comments