On November 2, A-shares fluctuated upward in morning trading, with all three major indices rallying collectively at the open. The ChiNext Index rose nearly 2% before briefly turning negative earlier. Sectors including brokerages and liquor stocks surged, with Sinolink Securities and Pacific Securities hitting the daily limit up, while Swufe and Huangtai Liquor also hit the limit up. Fintech and stablecoin concept stocks were active, while physical AI and robotics concept stocks collectively adjusted, with Unitree Technology falling 8%. Precious metals, coal, and defense sectors retreated. International spot gold suffered a sharp sell-off last Friday, breaking below the $3,900 mark.
Hong Kong stocks also fluctuated higher in morning trading, with both the Hang Seng Index and Hang Seng Tech Index rising. The Hang Seng Tech Index gained over 1%, with heavyweight internet stocks broadly rebounding, and tech stocks such as optical modules and memory chips pulling up. AI large model stocks also advanced. In the bond market, treasury futures mostly rose. In commodities, domestic commodity futures mostly fell, with precious metals futures such as Shanghai gold and Shanghai silver leading the declines. Core market movements:
A-shares: As of press time, the Shanghai Composite Index rose 0.31%, the Shenzhen Component Index rose 1.02%, and the ChiNext Index rose 1.39%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.31%, and the Hang Seng Tech Index rose 0.90%.
Bond market: Treasury futures mostly rose. As of press time, the 30-year main contract fell 0.03%, the 10-year main contract rose 0.01%, the 5-year main contract rose 0.02%, and the 2-year main contract rose 0.02%.
Commodities: Domestic commodity futures mostly declined. As of press time, eggs rose 2%, alumina and crude oil rose 1%, while glass, iron ore, soybean meal, stainless steel, rubber, and lithium carbonate advanced. Rapeseed, asphalt, Shanghai nickel, Chicago, manganese silicon, hot-rolled coils, rebar, Shanghai copper, caustic soda, palladium, coking coal and other varieties declined. Shanghai aluminum, industrial silicon, Shanghai tin, coke, and platinum fell over 1%. Container shipping index, polysilicon, Shanghai gold, and fuel oil fell over 2%, while Shanghai silver dropped over 4%.
10:07
The banking sector has been repeatedly active recently. Industrial and Commercial Bank of China rose over 1%, continuing to hit a record high, with total A+H share market capitalization exceeding 3 trillion yuan. In addition, China Construction Bank, China CITIC Bank, Bank of Changsha, Bank of Chengdu, and Bank of Nanjing all hit record highs.
On the news front, in the first three quarters, 42 A-share listed banks reported combined operating revenue of 4.66 trillion yuan, up 7.81% year-on-year, and net profit attributable to shareholders of 1.75 trillion yuan, up 3.78% year-on-year.
09:59
Tianfu Communication, Foxconn Industrial Internet, Shengyi Technology, and Victory Giant Technology all fell around 5%, weighing on AI hardware performance, while Changxin Technology, Zhongji Innolight, and Eoptolink also weakened.
09:56
The ChiNext Index turned negative, having earlier risen over 1%.
09:52
The Hang Seng Index expanded its gain to 1%, with China Life Insurance rising over 6%.
09:41
In early trading, PCB concept stocks fluctuated and recovered. Jinlu Electronics touched the 20cm limit up, Mingyang Circuit rose over 10%, while International Composite Materials, Taijin New Energy, Jin'an Guaji, and Jinbaize surged.
09:37
The brokerage sector gained momentum, with Sinolink Securities the first to hit the limit up, while CICC, China Galaxy, China Securities, and CITIC Securities all climbed.
According to reports, on November 2, the People's Bank of China and the China Securities Regulatory Commission will convene a meeting with some securities companies and fund companies to study and promote the use of tools supporting the capital market.
09:35
The liquor sector continued its strong performance, with Huangtai Liquor hitting the limit up for a second consecutive day, and Kweichow Moutai shares returning above 1,400 yuan and hitting a new high in over half a year.
09:26
The Shanghai Composite Index opened 0.42% higher, and the ChiNext Index rose 1.05%. Sectors including semiconductors, communication equipment, computer hardware, and brokerages strengthened, while oil, coal, and gold sectors showed weakness.
09:21
The Hang Seng Index opened slightly up 0.03%, with BYD Company rising over 2% to lead blue chips, and the Hang Seng Tech Index up 0.55%. Most tech stocks rose, while gold stocks were weak. Yangtze Optical Fibre and Cable rose nearly 3% after earnings.
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