On August 7, A-shares oscillated higher, with the Shanghai Composite Index hovering around 3900 points, while the ChiNext Board surged over 1%. Computing hardware rebounded, with CPO (Co-Packaged Optics) and PCB (Printed Circuit Board) stocks posting significant gains. The bio-pharma sector was active, with CRO (Contract Research Organization) concept stocks rallying sharply. Rare earth magnets also saw a rebound, supported by strength in sectors like semiconductors, electronic components, and ventilation equipment.
Hong Kong stocks opened lower and continued to decline, with both the Hang Seng Index and the Hang Seng Tech Index falling. The Hang Seng Tech Index dropped nearly 1%, as tech internet stocks underwent a collective correction. Chip stocks saw a modest rebound, while the AI model duo surged again, with MINIMAX jumping over 12%. In the bond market, government bond futures traded in a choppy range, while in commodities, most domestic futures settled higher. Key market movements are as follows:
A-shares: As of the time of writing, the Shanghai Composite was up 0.22%, the Shenzhen Component rose 1.08%, and the ChiNext Board gained 1.74%.
Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.49%, and the Hang Seng Tech Index declined 0.84%.
Bonds: Government bond futures traded in a choppy range, with the 30-year main contract up 0.03%, while the 10-year, 5-year, and 2-year main contracts were flat.
Commodities: Most domestic commodity futures rose, with crude oil surging over 4% and fuel oil climbing 3%. Coke, asphalt, and polysilicon gained over 2%, while coking coal, industrial silicon, eggs, and the container shipping index rose more than 1%. Stainless steel, aluminum, rubber, lithium carbonate, caustic soda, hot-rolled coils, copper, soybean meal, iron ore, gold, and rebar also posted gains. In contrast, manganese silicon, nickel, alumina, rapeseed, tin, silver, glass, and pulp fell, while palladium and platinum increased over 1%.
10:30
Hong Kong AI model concept stocks continued to surge, with MINIMAX-W and Zhipu both rising over 15% during the session.
10:25
The ChiNext Board accelerated its rally, gaining over 2%. Leading sectors included computing hardware, pharmaceutical and biotech, semiconductor chips, and energy metals, with nearly 1,700 stocks rising across the Shanghai, Shenzhen, and Beijing stock exchanges.
10:20
PCB concept stocks expanded their gains during the session, with Fangbang Shares hitting the 20% daily limit. Earlier, multiple stocks such as Yibo Technology, Huazheng New Materials, Baoding Technology, and Hongban Technology also hit their daily limits. Shengyi Technology and Founder Technology approached their daily limits, while Tongguan Copper Foil, WEGO, and Yihao New Materials all rose over 10%.
09:57
Rare earth magnet concept stocks diverged and rallied, with Zhongke Magnetic Industry rising over 10%. China Rare Earth, Jiuling Technology, Shenghe Resources, and Zhongxi Rare Earth also followed suit.
09:38
Bio-pharma concept stocks strengthened again, with Harbin Pharmaceutical hitting the daily limit, Baihua Pharmaceutical reaching a four-day limit-up, and Haisheng Pharmaceutical, Harsan Lianhe, and Zelgen Pharmaceuticals also rising.
09:36
Early trading saw 6G concept stocks open higher but then decline, with Wuhan Fan Gu hitting a two-day limit-up, while Tongyu Communication had previously achieved five days of gains with four limits. Guangha Communication rose over 10%, and Shenglu Communication, Can Qin Technology, Sunway Communication, and Benchuang Intelligence also saw gains.
09:33
PCB concept stocks were repeatedly active, with Baoding Technology achieving five days of gains with four limits, Jingwang Electronics hitting a two-day limit-up, and Yihao New Materials, Shenghong Technology, Shengyi Technology, and WUS Printed Circuit also rising.
The ChiNext Board surged over 1%, with sectors like energy metals and computing hardware leading the gains.
09:26
The Shanghai Composite Index opened 0.1% lower, while the ChiNext Board rose 0.62%. Weaker sectors included gold, rare earths, memory, solar, nuclear fusion, and new energy vehicles. Stronger themes included PCB, humanoid robots, rare metals, and water conservancy and hydropower projects.
09:21
The Hang Seng Index opened 0.01% lower, while the Hang Seng Tech Index rose 0.26%. Zhipu gained over 3%, with NetEase, Huahong Grace, and Alibaba also leading the gains. In contrast, MINIMAX fell nearly 3%.
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