On June 22, A-shares fluctuated and rose in early trading. The Shanghai Composite Index hovered near the flat line, while the Shenzhen Component Index and ChiNext Index both moved higher. The ChiNext gained 1%, with the semiconductor industry chain experiencing another surge. Concepts such as semiconductor materials and third-generation semiconductors saw strong upward momentum. Cultured diamond and glass substrate concept stocks also posted significant gains. Sectors including catering & tourism and daily-use chemicals collectively adjusted.
Hong Kong stocks opened lower and extended their losses. The declines in the Hang Seng Index and the Hang Seng Tech Index widened at the market open. The Hang Seng Index fell 2%, while the Hang Seng Tech Index dropped over 1.5%. Technology and internet stocks generally declined. In contrast, chip and semiconductor stocks bucked the trend with strength, and AI large model stocks exploded higher. Zhipu surged 35%, with its market capitalization surpassing 1 trillion Hong Kong dollars. In the bond market, treasury futures collectively fell. For commodities, the majority of domestic commodity futures declined.
Key Market Movements
A-Shares: At the time of writing, the Shanghai Composite Index was at %, the Shenzhen Component Index at %, and the ChiNext Index at %.
Hong Kong Stocks: At the time of writing, the Hang Seng Index was down 1.56%, and the Hang Seng Tech Index was down 1.50%.
Bond Market: Treasury futures were down across the board. As of writing, the 30-year main contract fell 0.17%, the 10-year main contract dropped 0.06%, the 5-year main contract declined 0.03%, and the 2-year main contract slipped 0.01%.
Commodities: Most domestic commodity futures were lower. At the time of writing, the containerized freight index rose over 1%. Shanghai aluminum, caustic soda, iron ore, fuel oil, alumina, polysilicon, and stainless steel moved higher. Manganese silicon, rebar, hot-rolled coil, Shanghai copper, industrial silicon, rapeseed, rubber, glass, soybean meal, coke, crude oil, and pulp all declined. Asphalt, Shanghai tin, coking coal, and Shanghai nickel fell over 1%. Eggs and Shanghai gold dropped over 2%. Platinum and palladium plunged over 3%. Shanghai silver tumbled 5%, and lithium carbonate plummeted 6%.
09:48
The decline in the Hong Kong Hang Seng Index expanded to 1.86%, and the Hang Seng Tech Index fell 1.53%. Zhipu surged over 30%.
09:44
The memory chip concept was active. Shannon Core Technology rose over 10%, followed by gains in Puyang Technology, Jiangbolong, Demingli, Beijing Junzheng, GigaDevice, and Biwin Storage.
On the news front, U.S. memory chip stocks rose last Friday. SanDisk gained 11.54%, Micron Technology (MU) advanced 8.70%, and Western Digital rose 4.79%, with their share prices all hitting new historical highs. Micron Technology is scheduled to release its Q3 fiscal year earnings report early on June 25, Beijing time.
09:40
The ChiNext Index rose over 1%, refreshing its historical high. The semiconductor industry chain led the gains.
09:36
The lithium mining concept adjusted collectively. Tianhua New Energy fell over 10%, Rongjie Co., Ltd. approached the limit-down, while Shengxin Lithium Energy, Tibet Urban Investment, Tianqi Lithium, Jiangte Electric, and Zhongkuang Resources were among the top decliners. On the news front, the Guangzhou Futures Exchange's lithium carbonate main contract plunged 7% to 154,080 yuan per ton.
09:35
The A-share computing power leasing sector rose. Tefa Information hit a new high, Tianyu Digital hit the daily limit-up, Zhongqingbao gained over 10%, with Xingyun Technology, Rike Chemical, Lianhua Holdings, Zhongfutong, and Aikelan following the upward trend.
09:34
The glass substrate concept was active again in early trading. Kaisheng Technology achieved two limit-ups in three days, with Woge Optoelectronics, Dier Laser, BOE, and Delong Laser surging higher.
On the news front, in June 2026, Intel CEO Chen Lifu explicitly stated in an interview on the tech podcast "No Priors" that his goal is to deliver a 10x return for Intel shareholders within 5 to 10 years and systematically disclosed the company's future technology roadmap. He focused Intel's transformation on three major directions: advanced packaging technology EMIB, glass substrates, and three new semiconductor materials.
09:32
Hong Kong-listed Zhipu saw its total market capitalization break through 1 trillion Hong Kong dollars during the session. It has gained over 1900% year-to-date and was up over 13% at the time.
09:26
The Shanghai Composite Index opened 0.08% higher, and the ChiNext Index rose 0.48%. Cultured diamond, rare earths, glass substrate, high-speed copper connection, ultra-high voltage, memory, and PCB concept stocks were active. Lithium mining, innovative drug, and AI application themes weakened.
09:21
The Hang Seng Index opened 0.47% lower, and the Hang Seng Tech Index fell 0.2%. Li Auto dropped over 3%, with Bilibili and Alibaba among the top decliners. Huahong Grace and MINIMAX rose over 4%, while SMIC gained over 3%.
09:01
At the commodity futures market open, the Europe route main contract for container shipping rose over 3%. LU fuel oil and BR rubber gained over 2%. Ethylene glycol, fuel oil, bottle chips, and pure benzene rose over 1%. Lithium carbonate fell over 4%. Shanghai silver, palladium, eggs, and platinum dropped over 3%. Shanghai gold declined over 2%.
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