On April 30, A-shares experienced volatile gains during the morning session, with the three major indices collectively rising at the market open. The semiconductor and chip sector led the advance in early trading. Cambricon Technologies Corporation Limited hit a three-month intraday high, while lithium mining concept stocks remained active. Sectors including securities and real estate also showed strength. Hong Kong stocks opened lower and continued to decline, with the Hang Seng Tech Index falling over 1% in the morning session. Major technology and internet heavyweight stocks saw collective declines, with Alibaba dropping over 3%. In the bond market, government bond futures were mixed, with long-term bonds experiencing losses. In commodities, most domestic commodity futures prices rose, with lithium carbonate gaining over 3%. Key market movements are as follows:
A-shares: As of writing, the Shanghai Composite Index was up 0.20%, the Shenzhen Component Index rose 0.14%, and the ChiNext Index was flat.
Hong Kong stocks: As of writing, the Hang Seng Index fell 0.49%, while the Hang Seng Tech Index declined 0.81%.
Bond market: Government bond futures were mixed. As of writing, the 30-year main contract fell 0.26%, the 10-year main contract dropped 0.01%, the 5-year main contract rose 0.02%, and the 2-year main contract increased 0.01%.
Commodities: Most domestic commodity futures varieties saw gains. As of writing, lithium carbonate rose over 3%, fuel oil increased more than 2%, while coking coal, rapeseed, palladium, coke, crude oil, propylene, and eggs each gained approximately 1%. Ethylene glycol, stainless steel, hot-rolled coil, iron ore, asphalt, rebar, Shanghai tin, and soybean meal also advanced. A few varieties, including industrial silicon, methanol, and Shanghai nickel, experienced declines.
09:45 Cambricon Technologies Corporation Limited rose over 8% at the market open, reaching a three-month intraday high. Morgan Stanley noted that Cambricon's first-quarter revenue increased 160% year-over-year, exceeding both the bank's and market expectations, driven by strong shipments of its Siyuan 590 chip. Analysts including Charlie Chan stated in a report that prepayments surged 155% quarter-over-quarter to 1.9 billion yuan in the first quarter of 2026, primarily supported by newly acquired chip production orders. Cambricon's foundry production at SMIC has gradually stabilized, with significant shipment growth expected to begin in the second quarter of 2026.
09:43 The semiconductor sector advanced early in the session, with Maxic Technology Corporation hitting the 20% daily limit, VeriSilicon Microelectronics rising over 16%, and Cambricon gaining over 7%. Moore Threads, Litchip Technology, and Tongfu Microelectronics followed with increases.
09:36 Lithium mining concepts continued their strong performance, with Rongjie Shares achieving three limit-up days in five sessions. Shengxin Lithium Energy, Jinyuan Shares, Guocheng Mining, Dazhong Mining, Salt Lake股份, Tianqi Lithium, and Ganfeng Lithium also advanced. Recent data showed that battery-grade lithium carbonate prices increased by 3,500 yuan per ton over the past week, a rise of 2.03%. Over the past month, prices have accumulated a 20,000 yuan per ton increase, up 12.82%.
09:32 The lithium battery industry chain repeatedly strengthened, with Yongshan Lithium achieving three consecutive limit-up days and Fengyuan Shares two consecutive limit-ups. Dynanonic and Xianhui Technology rose over 10%, while Shengxin Lithium Energy, Wanrun New Energy, and Longpan Technology followed with gains. Data indicated that China's energy storage lithium battery shipments reached 215 GWh in the first quarter of 2026, a 139% year-over-year increase. Leading companies have production orders scheduled through late 2026 to the second quarter of 2027, with capacity saturated and priority given to high-margin orders.
09:26 The Shanghai Composite Index opened 0.01% lower, while the ChiNext Index rose 0.46%. Automotive chip, memory, computing power leasing, rare earth, and CPO concept stocks were active, while lithium battery, PCB, cybersecurity, and fintech themes weakened.
09:21 The Hang Seng Index opened 0.4% lower, with the Hang Seng Tech Index down 0.68%. Nio, Bilibili, Kuaishou, and Alibaba were among the top decliners. China Life Insurance rose over 4%.
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