A-share indices rise across the board, STAR 50 surges over 3%, computing hardware stocks continue to rally, robotics sector pulls back, while Hang Seng Index and Hang Seng Tech Index both drop more than 1%.
Overnight, CoreWeave's better-than-expected earnings, Anthropic's oversubscribed IPO, and OpenAI's quarterly revenue surpassing $10 billion for the first time acted as a triple catalyst that reignited enthusiasm for AI-related trading, driving a sharp rebound in US technology stocks. A-share computing hardware shares were pushed higher once again, propelling the STAR 50 index up more than 3%.
On November 12, A-shares opened higher in early trading, with all three major indices rising collectively at the open. The STAR Composite Index and STAR 50 both surged more than 2%. The semiconductor sector rallied strongly, with concept stocks related to semiconductor equipment, GPUs, memory chips, and optical modules continuing their rebound momentum. Cambricon Technologies Corporation Limited (688256) rose more than 9%. Precious metals, physical AI, and humanoid robotics sectors fell into correction.
Hong Kong stocks opened lower and drifted down, with both the Hang Seng Index and Hang Seng Tech Index dropping more than 1% in early trading. Weighted internet technology stocks continued to decline, with JD.com, Kuaishou, and Bilibili among the biggest losers. Optical modules, chips, and other computing hardware stocks rallied, with Cambridge Technology rising more than 8%. AI large-model stocks corrected, with Zhipu and MINIMAX both falling more than 1%. In the bond market, treasury futures fluctuated upward. In commodities, most domestic commodity futures declined. Core market movements:
A-shares: As of press time, the Shanghai Composite Index was up 0.11%, the Shenzhen Component Index was up 0.32%, and the ChiNext Index was up 0.60%.
Hong Kong stocks: As of press time, the Hang Seng Index was down 1.10%, and the Hang Seng Tech Index was down 1.13%.
Bond market: Treasury futures fluctuated upward. As of press time, the 30-year main contract was up 0.01%, the 10-year main contract was up 0.02%, the 5-year main contract was flat, and the 2-year main contract was flat.
Commodities: Most domestic commodity futures declined. As of press time, Shanghai aluminum was up 2%, while rubber and eggs rose more than 1%. A small number of contracts, including asphalt, industrial silicon, rapeseed, polysilicon, Shanghai nickel, soybean meal, stainless steel, and crude oil, posted gains. Fuel oil, Shanghai copper, Shanghai tin, alumina, rebar, hot-rolled coil, palladium, wood pulp, container shipping index, glass, manganese silicon, Shanghai silver, and coke declined, while caustic soda, iron ore, platinum, Shanghai gold, and coking coal fell more than 1%.
10:04
Cambricon Technologies Corporation Limited (688256) rose more than 11%, with its share price returning above 1,000 yuan. The STAR 50 rose more than 4%, with Hygon Information Technology Co.,Ltd. (688041), Hua Hong Semiconductor, Advanced Micro-Fabrication Equipment, and Semiconductor Manufacturing International Corporation all climbing.
09:58
The physical AI sector slid throughout the session, with Shangwei New Materials and Unitree Robotics both falling more than 5%. Opt Machine Vision, Haitian Ruian, Orbbec-W, and Huayi Technology also weakened in tandem.
09:38
The GPU sector surged strongly, with Cambricon Technologies Corporation Limited (688256), Moore Threads, and MetaX all rising around 6%. In the previous session, technology stocks led a broad A-share market rebound on higher volume, with the communications sector seeing net inflows of over 10 billion yuan in main funds.
09:26
The Shanghai Composite Index opened 0.21% lower, and the ChiNext Index fell 0.5%. Media, gold, and humanoid robotics sectors corrected. Memory and GPU sectors strengthened.
09:21
The Hang Seng Index opened 0.8% lower at 24,121.40 points, while the Hang Seng Tech Index fell 0.8%. Alibaba and NetEase dropped more than 2%, while Li Auto and JD.com fell 1.9%.
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