In early trading on August 28th, China's A-share market experienced volatile movements, with the three major indices initially moving higher at the open. The Shenzhen Component Index and the ChiNext board later turned lower in intraday trading, despite the ChiNext having previously climbed more than 1%. Notable strength was seen in computing hardware, AI office software, and cybersecurity concept stocks, with related sectors like copper-clad laminates, optical circuit switches, HBM, and electronic fabric all advancing. Conversely, precious metals, coal, and vaccine-related stocks faced downward adjustments.
Hong Kong stocks opened lower but steadily climbed during the morning session. The Hang Seng Index and the Hang Seng Tech Index both turned positive, with most technology stocks trading higher. Semiconductor stocks showed some pullback, while CPO concept shares rallied, with Zhongji Innolight jumping 5%. In the bond market, treasury bond futures experienced volatile declines. Meanwhile, in the commodity markets, most domestic commodity futures traded higher.
Core Market Performance:
**A-shares:** As of the latest update, the Shanghai Composite Index rose 0.16%, the Shenzhen Component Index fell 0.08%, and the ChiNext Index dipped 0.05%.
**Hong Kong:** The Hang Seng Index declined 0.14%, while the Hang Seng Tech Index gained 0.09%.
**Bonds:** Treasury bond futures moved lower, with the 30-year main contract down 0.10%, the 10-year and 5-year main contracts flat, and the 2-year main contract up 0.01%.
**Commodities:** Most domestic commodity futures advanced, with crude oil surging over 4%, and coking coal, low-sulphur fuel oil, soybean oil, coke, ferrosilicon, silver, and lithium carbonate all gaining more than 1%. On the downside, pulp, zinc, and stainless steel fell over 1%.
**10:38**
The ChiNext Index turned lower, reversing its earlier gain of more than 1.3%.
**10:08**
Computing power leasing concept stocks strengthened during volatile trading. Hongbo Co., Ltd. surged to its daily limit, while Zhenshitong approached the limit up. Ai Kelan, Rike Chemical, Baoland, Jinji, Dawei Technology, and Wangsu Science & Technology led the gains.
**09:52**
The ChiNext Index rose more than 1%. Software, IT innovation, information security, and computing hardware sectors led the gains, with nearly 3,300 stocks advancing across the Shanghai, Shenzhen, and Beijing markets.
**09:49**
Liquid-cooled server concept stocks continued their strong performance, with Kangsheng hitting its fourth consecutive daily limit, Haiou reaching its second limit up, and Rongyi Precision surging 14%. Chuangshiji, Alaide, Nanfang Pump, and Hanzhong Precision followed suit.
PCB concept stocks strengthened, with Jin'an Guoj hitting its second consecutive limit up, while Huazheng New Materials, Wus Printed Circuit, Ruifeng High-Tech, Nanya New Material, and Pingan Electric also advanced.
**09:45**
In early trading, cybersecurity concept stocks rallied, with Qilin Xinan hitting the 20% daily limit. Earlier, Zhonganke and Tianrongxin had already reached their limit-up prices. Qi An Xin jumped over 15%, with Sangfor Technologies, 360 Security, Anheng Information, and Nsfocus also among the leading gainers.
**09:38**
CPO concept stocks opened lower but climbed steadily. Mingpu Optical hit the daily limit, while Guangku Technology, Shijia Photon, Huilv Ecology, Star-net, and Dekeli also advanced.
**09:26**
The Shanghai Composite Index opened 0.16% lower, and the ChiNext Index fell 0.57%. Smart grid, ultra-high voltage, photovoltaic, cultivated diamond, PCB, CPO, fintech, and innovative drug concept stocks weakened, while AI applications, cybersecurity, and lithium mining themes showed strength.
**09:21**
The Hang Seng Index opened 0.61% lower, and the Hang Seng Tech Index fell 0.85%. Alibaba, Li Auto, NetEase, XPeng, and Baidu led the declines.
Comments