On October 14, A-shares opened lower in the morning session, with the three major indices fluctuating and diverging in early trading. The Shanghai Composite Index hovered near the 3,800-point mark, while the ChiNext Index dropped 1%. AI hardware stocks saw localized gains, copper-clad laminate and circuit board concept stocks surged once again, while oil and gas, coal, power, and port sectors strengthened. Automobiles, retail, and precious metals fell into correction.
Hong Kong stocks opened lower before rising, with both the Hang Seng Index and Hang Seng Tech Index pulling up in early trading. The Hang Seng Tech Index gained over 1% after initially falling nearly 1%. Weighted tech giants rebounded, with Meituan (HKEX: 03690), Alibaba (HKEX: 09988), Xiaomi Group (HKEX: 01810), and JD.com (HKEX: 09618) all moving higher. Chip and semiconductor stocks also partially recovered, with names like Foxconn Interconnect Technology and Hua Hong Semiconductor rebounding. AI large model stocks also bounced back. 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 rose 0.05%, the Shenzhen Component Index fell 0.52%, and the ChiNext Index dropped 1.07%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.30%, and the Hang Seng Tech Index gained 1.55%.
Bond market: Treasury futures rose across the board. As of press time, the 30-year main contract rose 0.17%, the 10-year main contract rose 0.03%, the 5-year main contract rose 0.03%, and the 2-year main contract rose 0.01%.
Commodities: Domestic commodity futures were broadly higher. As of press time, fuel oil surged 4%, while rapeseed, crude oil, and asphalt rose over 1%. A few varieties including polysilicon, container shipping index, stainless steel, industrial silicon, caustic soda, coke, and Shanghai nickel moved higher. Coking coal, Shanghai copper, rebar, wood pulp, soybean meal, hot-rolled coil, manganese silicon, Shanghai aluminum, Shanghai gold, alumina, iron ore, and rubber all declined. Eggs, palladium, Shanghai silver, lithium carbonate, platinum, and Shanghai tin each fell more than 1%.
10:40
The Hang Seng Tech Index rose over 1%, with NIO, Meituan (HKEX: 03690), and Xiaomi Group (HKEX: 01810) leading with gains of over 4%. Alibaba (HKEX: 09988), Lenovo Group, and JD.com (HKEX: 09618) all rose together.
10:01
The three major indices all turned positive, with the ChiNext Index having previously fallen over 1%.
09:58
In early trading, the coal sector bucked the trend, with Zhengzhou Coal Industry & Electric Power hitting the daily limit. Shaanxi Coal Industry rose nearly 2%, refreshing its historical high. China Shenhua Energy rose nearly 2%, reaching a new high since November 2007. Yunnan Coal Energy, Dayou Energy, and Yankuang Energy followed suit.
On the news front, in the first week after the National Day holiday, the thermal coal market quickly returned: port 5,500 kcal closing prices stood at 1,000-1,008 yuan per ton, and a certain group raised its port external purchase 5,500 kcal price to 991 yuan per ton. National Bureau of Statistics data showed that in August, national above-scale industrial raw coal output was 360 million tons, down 7.7% year-on-year, marking the third consecutive month at the lowest level for the same period in five years.
PetroChina (SHSE: 601857), China Oilfield Services (HKEX: 02883), and Sinopec (SHSE: 600028) A-shares moved in tandem, all hitting stage highs. Recently, multiple institutions emphasized that the "three barrels of oil" have long-term stable dividend payout ratios and are relatively scarce as long-term high-dividend companies, highlighting their high dividend allocation value.
09:43
ICBC (SHSE: 601398), China Construction Bank (SHSE: 601939), Bank of China (SHSE: 601988), and Bank of Communications (SHSE: 601328) A-shares all hit new highs, as market funds continued to favor dividend assets. Home appliance, railway, highway, and coal sectors were broadly active, with China Shenhua Energy (SHSE: 601088), Shaanxi Coal Industry (SHSE: 601225), and China Merchants Port (SHSE: 601872) all hitting new highs.
09:39
The ChiNext Index fell over 1%. Wind power, short drama, precious metals, and medical services led the declines, with nearly 4,100 stocks falling across the Shanghai, Shenzhen, and Beijing markets.
09:36
Disperse dye concept stocks strengthened repeatedly, with Yabang shares hitting the daily limit for the fourth time in seven days. Cuhua shares hit the daily limit for the third consecutive day. Jianxin shares, Jihua Group, Anoky, Runtu shares, and Zhejiang Longsheng followed suit.
The battery industry chain fluctuated upward, with Enjie shares and Veken Technology both hitting the daily limit. Lingpai Technology, Tianhong Lithium Battery, Zizhu Hi-Tech, and Liwang shares followed suit.
PCB concept stocks were active, with Chaozhou Three-Circle hitting the daily limit for the second consecutive day. Baoding Technology hit the daily limit. Nanya New Material, Jinlu Electronics, Jin'an Guoji, and Qiangda Circuit followed suit.
09:26
The Shanghai Composite Index opened 0.27% lower, and the ChiNext Index fell 0.52%. Optical communications, media, gold, and storage sectors weakened.
09:21
The Hang Seng Index opened 0.26% lower, and the Hang Seng Tech Index fell 0.02%. WuXi AppTec, Zijin Mining, and China Eastern Airlines weakened. Cambridge Technology, GigaDevice, and YOFC strengthened.
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