On September 3, A-shares opened higher but slipped lower, with the three major indices retreating during morning trading. Large financial stocks remained active, with insurers and brokerages rallying. Shipping, port, and coal sectors strengthened, while non-ferrous metals and liquid-cooled metals rebounded. Agriculture and chip semiconductor stocks fell into adjustment.
Hong Kong stocks also opened higher and declined, with the Hang Seng Index pulling back and the Hang Seng Tech Index turning lower after initially rising over 1% at the open. Most tech stocks declined, while Tencent and Alibaba Health posted slight gains. The biotech sector rebounded, with the Hang Seng Biotechnology Index rising over 1%. In the bond market, treasury futures traded mixed. In commodities, most domestic commodity futures rose.
Core market trends:
A-shares: As of press time, the Shanghai Composite Index rose 0.47%, the Shenzhen Component Index gained 0.24%, and the ChiNext Index was up 0.28%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.63%, and the Hang Seng Tech Index gained 0.14%.
Bond market: Treasury futures fell across the board. As of press time, the 30-year main contract rose 0.03%, the 10-year main contract was flat, the 5-year main contract fell 0.01%, and the 2-year main contract also edged down.
Commodities: Most domestic commodity futures rose. As of press time, palladium rose over 4%, platinum, silver, crude oil, and nickel gained over 2%, while gold, aluminum, and rubber rose 1%. Lithium carbonate, stainless steel, copper, eggs, soybean meal, glass, industrial silicon, tin, pulp, polysilicon, iron ore, and rapeseed also advanced. Alumina, asphalt, manganese silicon, hot-rolled coils, rebar, and caustic soda declined. Coking coal, fuel oil, and coke fell over 1%, while the container shipping index plunged 7%.
10:20
High-profile stocks continued to slide during the session, with Chuanzhi Education, Shenzhen Zhongheng Huafa, Aili Home, Yiming Food, and Xinsai Co., Ltd. hitting limit down. Hasen Shoes, Fujian Jinsen, Kaikai Industry, Yuhuan Pharmaceutical, and Jietou Technology also saw notable declines.
The coal sector performed actively, with Zhengzhou Coal Industry hitting limit up and Shaanxi Heimao touching limit up. Huayang Co., Ltd., Shanghai Energy, Shanxi Coking Co., and China Coal Energy followed with gains.
10:14
The liquid-cooled server concept strengthened repeatedly, with Jinfu Technology hitting limit up for the fourth time in ten days. Previously, Jitai Co., Ltd. achieved four consecutive limit-ups, and Jindi Co., Ltd. logged three limit-ups in four days. Siquan New Materials and Hongfuhan rose over 10%, while Xueren Co., Ltd., Chuanrun Co., Ltd., Shenling Environment, and Feilong Co., Ltd. led gains.
09:57
The securities sector saw a sudden rally, with Guosheng Securities hitting limit up. Changjiang Securities, GF Securities, BOCI Securities, and Shougang Securities followed with gains.
Early in the session, the cultivated diamond concept surged. Hengsheng Energy hit limit up, with Sifangda, Huifeng Diamond, Lijili Diamond, Wold, and Huanghe Whirlwind following suit.
09:51
The intelligent driving concept remained active, with Dazhong Transportation hitting limit up. Jinjiang Online, Zhejiang Shibao, Wanji Technology, and Haoen Electric followed with gains.
On the news front, on September 3, Tesla officially released its driverless taxi, the Cybercab. Additionally, the domestic driverless taxi industry is transitioning from regional demonstrations to small-scale commercialization. Currently, more than ten cities including Beijing, Shanghai, Guangzhou, Shenzhen, and Wuhan have opened L4-level unmanned passenger toll pilot programs.
09:48
The PCB concept was partially active, with Jinlu Electronics and Xunjiexing both rising over 10%. Qiangda Circuit, WUS Printed Circuit, and Fangbang Co., Ltd. followed with gains.
On the news front, Panasonic announced a price increase for copper-clad laminates due to rising copper foil and fiberglass costs, implementing new prices for shipments starting September 1, 2026, with some products rising up to 30%. Earlier, at the end of August, global CCL leader Kingboard Laminates issued its seventh price hike letter to customers this year, raising prices for all FR-4 copper-clad laminates by 10% uniformly.
09:46
A-share banking stocks climbed steadily, with China Construction Bank, Bank of China, Bank of Jiangsu, Bank of Nanjing, Bank of Hangzhou, and Bank of Qingdao all hitting new highs. Driven by the banking sector, insurance stocks notably warmed up, with China Life and PICC leading gains.
09:37
Media stocks became active again, with Huanrui Century and Dragon Edition Media securing four consecutive limit-ups. Mango Excellent Media surged higher.
09:26
The Shanghai Composite Index opened 0.29% higher, and the ChiNext Index rose 0.90%. Gold, semiconductor, server, and optical communication sectors strengthened, while agriculture, coal, and oil and gas sectors adjusted.
09:21
The Hang Seng Index opened 0.68% higher, and the Hang Seng Tech Index rose 0.71%. Lenovo Group, NetEase, CATL, Zijin Mining, and Tencent Holdings strengthened.
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