On April 3, after opening higher, China's A-shares experienced volatile trading and declined, with the three major indices collectively turning negative. The Shanghai Composite Index once again fell below the 3900-point mark. Computing hardware stocks saw a collective surge, with CPO and optical communication sectors leading the gains. In contrast, the lithium battery industry chain, power, and petrochemical sectors underwent adjustments. In the bond market, treasury bond futures generally rose. In commodities, most domestic commodity futures declined, with polysilicon dropping nearly 4%. The Hong Kong market was closed for a holiday.
Core Market Movements: A-shares: As of writing, the Shanghai Composite Index fell 0.72%, the Shenzhen Component Index declined 0.64%, and the ChiNext Index dropped 0.25%. Hong Kong stocks: Market closed today. Bond market: Treasury bond futures rebounded across the board. As of writing, the 30-year main contract rose 0.20%, the 10-year main contract increased 0.05%, the 5-year main contract gained 0.04%, and the 2-year main contract advanced 0.02%. Commodities: Most domestic commodity futures trended lower. As of writing, fuel oil and crude oil rose over 4%, while precious metals like platinum and palladium led the gains. A few products, including eggs, rubber, and stainless steel, moved higher. Decliners included copper, industrial silicon, hot-rolled coil, rebar, alumina, nickel, pulp, iron ore, soybean meal, aluminum, glass, manganese silicon, coking coal, coke, tin, and the containerized freight index, among others. Bitumen, lithium carbonate, silver, and gold fell over 1%, while polysilicon dropped nearly 4%.
10:21 Computing hardware stocks surged, with CPO and optical communication sectors collectively rallying. Dekor Advanced Materials hit a 20% limit-up, while Changguang Huaxin and Guangku Technology rose over 10%.
Furthermore, the optical fiber concept continued its strength. Huiyuan Communication recorded a second consecutive limit-up, Hengtong Optic-Electric rose over 9%, and Changfei Fiber briefly gained over 6%, continuing to hit new historical highs. Tengjing Technology, Changguang Huaxin, and Accelink were among the gainers.
10:08 The three major indices collectively turned negative, with the Shanghai Composite Index falling below the 3900-point level again. Sectors including coal, oil and gas, chemicals, and agriculture led the declines. Over 4600 stocks across the Shanghai, Shenzhen, and Beijing exchanges were in negative territory.
10:07 The computing power leasing concept saw localized activity, led by computing power scheduling. Sitech and Zhenzhen Technology hit limit-up, while Istone, Glodon, and UCloud were among the gainers.
On the news front, on April 2, the Ministry of Industry and Information Technology issued a notice regarding a special action to empower small and medium-sized enterprises through inclusive computing power. The focus of this initiative is the inclusive supply of computing power services. For the first time, the Ministry explicitly proposed exploring innovative models such as "computing power banks" and "computing power supermarkets," supporting SMEs in depositing idle computing resources for flexible access through cross-regional and cross-period scheduling.
09:57 The innovative drug concept showed localized strength. Lummy Pharmaceutical surged over 17%. Tianjin Pharmaceutical recorded a sixth consecutive limit-up, while AsiaPharm rose over 6%. China Meheco, Sansheng, Junshi Biosciences, and Xintian Pharmaceutical were among the gainers.
This movement follows news that the American Association for Cancer Research Annual Meeting is scheduled for April 17-22, 2026, in San Diego, USA. Reports indicate over 100 Chinese pharmaceutical companies will present nearly 400 research findings at this year's event.
09:48 The coal sector experienced a intraday decline. Yunnan Coal Energy approached a limit-down, while Zhengzhou Coal Industry, Shaanxi Heimao, Antai Group, Shanghai Energy, and Liaoning Energy fell over 5%.
09:26 The Shanghai Composite Index opened 0.21% higher, and the ChiNext Index rose 0.79%. CPO, semiconductor equipment, AI computing, memory, and fintech concept stocks were active. Shipping stocks strengthened again. The pharmaceutical and biological sector saw a full-scale pullback.
Comments