A-shares showed mixed performance on August 10, with the three major indices opening unevenly. The ChiNext index dropped over 1%, while sectors like medical services, CRO, and innovative drugs rallied collectively. Computing hardware faced a pullback, with concepts such as glass substrates, optical circuit switches, and GPU optical modules adjusting broadly. On the upside, the biotech, baijiu, coal, and retail sectors strengthened.
Hong Kong stocks opened higher and extended gains in early trade, with the Hang Seng Index and Hang Seng Tech Index both rising nearly 1%. Tech internet stocks rebounded broadly, while semiconductor stocks came under pressure. New consumption concepts bounced back, with Laopu Gold surging over 10%. In the bond market, government bond futures edged lower. On the commodities front, domestic commodity futures showed divergence. Key market movements:
A-shares: As of press time, the Shanghai Composite Index rose 0.48%, the Shenzhen Component Index fell 0.45%, and the ChiNext index dropped 1.22%.
Hong Kong Stocks: As of press time, the Hang Seng Index gained 0.83%, and the Hang Seng Tech Index added 0.91%.
Bonds: Government bond futures traded lower, with the 30-year contract down 0.04%, the 10-year flat, the 5-year down 0.01%, and the 2-year flat.
Commodities: Domestic commodity futures were mixed. Lithium carbonate, crude oil, and fuel oil rose over 2%, while coking coal, silver, and gold gained over 1%. Stainless steel, nickel, coke, glass, asphalt, industrial silicon, aluminum, manganese silicon, pulp, and rubber advanced. Iron ore, platinum, alumina, hot-rolled coils, rebar, copper, eggs, caustic soda, palladium, rapeseed, and polysilicon declined. Tin and the containerized freight index fell over 1%.
10:08
Cambricon Technologies Corporation Limited (688256) dropped nearly 7% despite reporting strong earnings. The company's semi-annual report for 2026 showed revenue of 5.996 billion yuan, up 108.13% year-on-year, marking a doubling. Net profit attributable to shareholders was 2.311 billion yuan, up 122.61%, and non-GAAP net profit was 2.166 billion yuan, up 137.30%, with improving profit quality. This was the first time Cambricon's semi-annual revenue exceeded 5 billion yuan since listing, signaling a shift from the technology accumulation phase to a commercial scale-up explosion.
09:58
The defense sector rallied sharply, with Great Wall Military hitting the daily limit up. North Long Dragon surged over 10%, while Hunan Tianyan, Jianshe Industry, Dongan Power, and Inner Mongolia First Machinery all jumped.
09:53
Semiconductor equipment stocks strengthened again in early trade, with Shengmei Shanghai rising over 10%. Jingyi Equipment, Fuchuan Precision, Huaya Intelligent, Zhicheng Technology, and Zhongke Feice followed.
09:45
Cobalt concept stocks remained active, with Hanrui Cobalt surging over 10%. Earlier, Pengxin Resources hit the limit up, with Tengyuan Cobalt, Huayou Cobalt, Zhongkuang Resources, Greenmei, and Shengdun Mining following. Lithium mining concepts also performed well, with Yongshan Lithium hitting the limit up, and Ganfeng Lithium, Guocheng Mining, Shengxin Lithium, Chuanneng Power, and Salt Lake Co. gaining.
09:42
The ChiNext index fell over 1%, with sectors like communication equipment, gaming, and defense leading declines.
09:26
The Shanghai Composite Index opened 0.1% higher, and the ChiNext index rose 0.11%. CRO, innovative drugs, PCB, industrial metals, UHV, memory, and lithium mining concepts were active. Server, nuclear power, stablecoin, and AI application themes weakened.
09:21
The Hang Seng Index opened 0.53% higher, and the Hang Seng Tech Index rose 0.85%. MIMIMAX gained nearly 5%, with Zhipu, NIO, Hua Hong Semiconductor, BYD Co., XPeng Group, and JD.com leading the advance.
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