The solar industry chain surged once again, with space-based solar and photovoltaic glass stocks leading a wave of limit-up gains. Reports indicate that Tesla plans to expand its solar cell manufacturing business, targeting an annual solar manufacturing capacity of 100 gigawatts within the next three years. The precious metals sector rebounded strongly, with international gold rising to around $5,040 and spot silver surpassing the $80 mark. The Liberal Democratic Party, led by Sanae Takaichi, secured a supermajority of two-thirds in the lower house, clearing the way for more debt-driven fiscal stimulus. Market expectations for sustained accommodative policies have driven a sharp rise in international gold prices.
On February 9, A-shares opened higher in the morning session, with all three major indices advancing. The ChiNext Index initially gained nearly 2%. The solar industry chain surged again, while computing hardware, semiconductors, and precious metals also rose. Hong Kong stocks also opened higher, with both the Hang Seng Index and the Hang Seng Tech Index rising over 1%. Technology and internet stocks generally advanced, semiconductors posted significant gains, and non-ferrous metals and property sectors were active.
In the bond market, government bond futures consolidated. In commodities, domestic commodity futures were mixed. Platinum, Shanghai silver, and Shanghai gold futures all rose, while coking coal and coke declined. Key market movements as of writing:
A-shares: The Shanghai Composite Index rose 0.95%, the Shenzhen Component Index gained 1.40%, and the ChiNext Index advanced 1.69%.
Hong Kong stocks: The Hang Seng Index increased 1.45%, and the Hang Seng Tech Index rose 1.13%.
Bonds: Government bond futures edged higher. The 30-year main contract fell 0.03%, the 10-year main contract was flat, the 5-year main contract gained 0.01%, and the 2-year main contract rose 0.02%.
Commodities: Domestic commodity futures were mixed. Platinum surged over 8%, Shanghai silver rose 7%, palladium increased 4%, Shanghai tin and Shanghai gold gained over 3%, while Shanghai copper, caustic soda, Shanghai nickel, and Shanghai aluminum rose over 1%. Rubber, polysilicon, industrial silicon, soybean meal, and stainless steel advanced. Iron ore, asphalt, manganese silicon, alumina, hot-rolled coil, pulp, glass, rebar, and containerized freight index declined. Coking coal and coke fell over 1%, while rapeseed dropped over 2%.
At 09:57, the Shanghai Composite Index surged over 1%, the Shenzhen Component Index rose 1.45%, and the ChiNext Index gained 1.79%. Solar, film, computing hardware, and chemical sector indices led the gains. Over 4,500 stocks advanced across the Shanghai, Shenzhen, and Beijing exchanges.
At 09:38, the computing power leasing concept continued its strong performance from last week. Dawei Technology and Hengrun Shares hit the limit-up, while Pingzhi Information, GCL Energy, Xunchuang Data, Litong Electronics, and Meili Cloud followed with gains. The Ministry of Industry and Information Technology issued a notice on building national computing power interconnection nodes, aiming to establish a network of nodes in key strategic regions and industries.
At 09:34, the dispersed dyes concept strengthened repeatedly. Runtu Shares achieved a second consecutive limit-up, while Jihua Group, Haixiang Pharmaceutical, and Yabang Shares hit the limit-up. Jinji Shares, Zhejiang Longsheng, and Anoke also advanced notably. Zhejiang Longsheng issued a price adjustment notice on February 8, stating that dispersed dye prices, including dispersed black, would increase by 2,000 yuan per ton starting February 8, 2026. Industry analysts attribute the price hike primarily to a sharp rise in the cost of key upstream intermediates, with reducer prices surging over 50% from 25,000 yuan/ton last year to 38,000 yuan/ton.
At 09:32, the solar sector opened strong. Jinjing Technology jumped by the daily limit at the open, while Juhe Materials rose over 10%. GCL Integration, Liancheng CNC, Aotuo Wei, Junda Shares, and Jinko Solar followed with gains.
At 09:30, computing hardware stocks like CPO continued their strength. Tianfu Communication surged nearly 10%, reaching a new all-time high. Tiantong Shares, Zhilifang, Taichenguang, and Jiepute opened higher.
At 09:26, the Shanghai Composite Index opened 0.93% higher, and the ChiNext Index rose 1.95%. Solar, computing hardware, semiconductors, AI applications, commercial space, nuclear fusion, and gold concept stocks advanced, while oil and gas, banking, and traditional Chinese medicine sectors weakened.
At 09:24, Lansus Technology surged 57% on its first day of trading in Hong Kong.
At 09:21, the Hang Seng Index opened 1.59% higher, and the Hang Seng Tech Index rose 1.9%. Huahong Semiconductor gained over 4%, while XPeng, Bilibili, Baidu Group, Ping An Bank Co.,Ltd., and China Life Insurance rose over 3%.
At 09:01, commodity futures opened with platinum main contract up over 9%, palladium up over 7%, Shanghai silver up over 6%, and Shanghai gold up over 4%. Shanghai tin, international copper, and Shanghai copper rose over 2%.
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