Overnight US tech stocks surged, with the Nasdaq 100 climbing 3.4% and the semiconductor index soaring nearly 7% in a single day. Asia-Pacific markets followed higher on Tuesday, with South Korea's KOSPI index surging at the open, prompting the Korea Exchange to trigger a program trading suspension mechanism, halting program buying. Chip giants SK Hynix and Samsung Electronics also rallied, while AI hardware names in both A-shares and Hong Kong stocks broadly rebounded.
On November 10, A-shares opened collectively higher in early trading, with all three major indices advancing at the open. The ChiNext Index rose more than 2%, AI applications and robotics stocks surged once again, and Unitree Robotics jumped over 8%. AI hardware rallied, with optical modules, optical chips, and optical circuit switches all gaining. "Yizhongtian" stocks led the gains, while shipping, oil and gas, and coal sectors fell into correction.
Hong Kong stocks also opened higher, with the Hang Seng Index and Hang Seng Tech Index rising in early trading. The Hang Seng Tech Index gained 1%, heavyweight tech stocks mostly advanced, and tech names in optical modules and chips rebounded, with Zhongji Innolight surging over 11%. AI large model stocks MINIMAX and Zhipu rose more than 8%. In the bond market, treasury futures fell collectively, while in commodities, most domestic commodity futures declined.
Core market movements:
A-shares: As of press time, the Shanghai Composite rose 0.42%, the Shenzhen Component gained 1.15%, and the ChiNext Index climbed 2.15%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.54%, and the Hang Seng Tech Index gained 1.12%.
Bonds: Treasury futures fell across the board. As of press time, the 30-year main contract dropped 0.13%, the 10-year main contract slipped 0.02%, the 5-year main contract declined 0.03%, and the 2-year main contract edged down 0.01%.
Commodities: Domestic commodity futures showed mixed performance. As of press time, platinum, Shanghai silver, manganese silicon, alumina, caustic soda, and Shanghai gold rose more than 1%, while eggs, rubber, Shanghai copper, iron ore, Shanghai tin, palladium, and hot-rolled coils all advanced. Rebar, container shipping index, Shanghai aluminum, industrial silicon, wood pulp, Shanghai nickel, coke, coking coal, soybean meal, and rapeseed declined, with lithium carbonate, polysilicon, stainless steel, and glass falling more than 1%, while asphalt, crude oil, and fuel oil each dropped more than 4%.
09:56
Unitree Robotics rose nearly 8%, with its market capitalization returning above 300 billion yuan, continuing to lead the physical AI cohort. Fulai New Materials and Yijiahe hit the daily limit, while Anpeilong, Hanwei Technology, Fantuo Digital, and Fanya Micropermeable all advanced.
09:42
Physical AI concept stocks remained active on rotation. Fulai New Materials posted its third limit-up in six days, hitting a new all-time high. Fantuo Digital, Hanwei Technology, Huayi Technology, Zhongkong Technology, and Haitian Ruaisheng rose more than 5%.
PCB concept stocks showed active performance, with Xunjiexing surging over 12%, followed by WUS Printed Circuit, Ruifeng High-Tech Materials, Guanghe Technology, and Nanya New Materials.
09:41
The cultural media sector rose again, with Wentou Holdings, Zhangyue Technology, Huace Film & TV, and Ciwen Media hitting the daily limit. On the news front, the QuestMobile autumn report showed that in September, short dramas and short videos led by a wide margin in usage time growth.
09:26
The Shanghai Composite Index opened 0.58% higher, and the ChiNext Index rose 2.44%. AI hardware strengthened, with Zhongji Innolight and Eoptolink up more than 6%. Oil and gas, shipping, coal, and banking sectors corrected.
09:21
The Hang Seng Index opened 0.7% higher, and the Hang Seng Tech Index rose 0.78%. WuXi AppTec gained more than 6% after the company was removed from the 1260H list. BeiGene rose more than 7%; Zhongji Innolight and Yangtze Optical Fibre and Cable climbed more than 6%.
Comments