On April 8, A-shares and Hong Kong stocks opened significantly higher, stimulated by news of a ceasefire agreement between the US and Iran. This followed gains across Asia-Pacific markets, with Japanese and South Korean equities also posting strong advances. A easing of geopolitical tensions triggered a sharp drop in international oil prices, leading to a wave of limit-down declines for A-share oil and gas stocks, while coal shares also saw collective adjustments.
A-shares opened higher across the board, with the three major indices posting substantial gains early in the session. The ChiNext Index rose 3%, while the Shanghai Composite Index gained over 1%, climbing back above the 3,900-point level. Computing hardware stocks experienced a surge, precious metals saw a wave of limit-up gains, and oil and gas stocks declined sharply. Hong Kong stocks also opened strongly higher, with the Hang Seng Tech Index rising nearly 3% as technology and internet stocks staged a collective rebound.
In the bond market, government bond futures collectively declined. In commodities, most domestic commodity futures fell, although precious metal futures such as silver and gold bucked the trend with significant gains. Crude oil and fuel oil futures plummeted by over 10%.
Key market movements as of writing:
A-shares: The Shanghai Composite Index was up 1.00%, the Shenzhen Component Index up 2.33%, and the ChiNext Index up 2.76%.
Hong Kong stocks: The Hang Seng Index was up 2.45%, and the Hang Seng Tech Index was up 2.95%.
Bond market: Government bond futures fluctuated with a downward bias. As of writing, the 30-year main contract was down 0.03%, the 10-year main contract was flat, the 5-year main contract was down 0.01%, and the 2-year main contract was flat.
Commodities: Most domestic commodity futures were lower. As of writing, silver futures were up 4%, while tin, gold, platinum, palladium, and rapeseed futures rose over 2%. Copper and polysilicon futures gained 1%. Industrial silicon, stainless steel, aluminum, pulp, and glass futures saw modest gains. Nickel, hot-rolled coil, soybean meal, coking coal, alumina, rebar, coke, iron ore, and egg futures declined. Rubber and lithium carbonate fell over 1%, manganese silicon and caustic soda dropped over 2%. Ethylene glycol, asphalt, and methanol plunged over 7%, while propylene and the containerized freight index fell 8%. Fuel oil and crude oil futures dropped nearly 13%.
09:38 The commercial aerospace concept saw volatile gains. ZhenRui Technology, Guanglian Aviation, and Feiwo Technology rose over 11%. Shenjian shares, Chaojie shares, Hongtu, Aerospace Development, and Aerospace Power followed with advances.
09:37 Computing power leasing concepts strengthened early in the session. Xingyun Technology, Auroda, Hanggang shares, Huafu Fashion, and Lianhua Holdings hit the upside limit. Easttop and Pingzhi Information rose over 10%. UCloud, Wangsu Technology, Hongjing Technology, and Yuntian Lifei were among the top gainers.
The surge is attributed to the explosion of Agent applications and multimodal ecosystems. According to OpenRouter data, weekly token consumption has increased from 2.1T to 24.5T over the past year, with a 280% increase since the beginning of 2026.
09:34 CPO concepts were active in early trading. Mingpu Guangci and Dongshan Precision hit the upside limit. Changxin Bochuang rose over 7%, setting a new historical high. Zhongji Xuchuang, Huilv Ecology, Dekeli, and Changguang Huaxin were among the leaders.
Analysts from Western Securities noted that CPO commercialization is accelerating, driven by industry leaders, with innovations emerging in various technical pathways like LPO, NPO, and XPO. The industry is in its early acceleration phase, and the next three years represent a critical window for observing rapid penetration increases, supply chain structure formation, and value chain specialization.
09:29 The precious metals sector opened sharply higher. Western Gold hit the limit-up at the open. Xiaocheng Technology, Shanjin International, Hunan Silver, Chifeng Gold, and Zhaojin Gold advanced over 5%.
09:26 Oil and gas stocks opened with significant losses. Zhunyou shares, Beiken Energy, Zhongman Petroleum, and Lanyan Holdings were among multiple stocks hitting the downside limit. Keli shares, Potential Hengxin, and Tongyuan Petroleum fell over 10%.
09:26 The Shanghai Composite Index opened 1.03% higher, while the ChiNext Index rose 3.07%. Semiconductor and computing hardware industrial chains surged, led by CPO and memory segments. Gold, AI application, industrial metal, consumer electronics, photovoltaic, and Yushu Robotics concept stocks were active. Oil and gas stocks experienced a wave of limit-down declines, while coal stocks declined substantially.
09:21 The Hang Seng Index opened 2.61% higher, and the Hang Seng Tech Index rose 2.95%. Technology and internet stocks strengthened across the board. HUA HONG SEMI gained over 8%, SMIC rose over 7%, BILIBILI-W and JD HEALTH advanced over 5%, and SENSETIME-W increased over 4%.
09:01 At the commodity futures open, LU fuel oil and crude oil main contracts fell over 14%. Liquefied petroleum gas dropped over 13%, fuel oil declined over 12%, the Europe containerized freight index fell over 10%, and styrene was down over 8%. Palladium futures rose over 5%, silver futures gained over 4%, while platinum and gold futures increased over 3%.
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