Computing hardware, chip semiconductors and related sectors fell again, with concept stocks in copper-clad laminates, optical modules, optical communications and circuit boards declining collectively. Overnight, Meta's earnings report triggered panic over AI capital expenditure, U.S. tech stocks plunged, and optical communications and storage chips tumbled. Overnight international spot gold and silver suffered heavy losses, putting pressure on A-share precious metals sector and precious metals futures in the commodity futures market.
On October 23, A-shares opened lower and moved downward, with the three major stock indices falling collectively at the start of trading, each dropping more than 1%. Precious metals, computing hardware and semiconductor chips led the declines, with more than 5,000 stocks falling across the Shanghai, Shenzhen and Beijing markets. Robots became active again, while liquor and automobile sectors strengthened.
Hong Kong stocks opened higher and moved upward, with the Hang Seng Tech Index rising 1% at the start. Weighted internet stocks rebounded collectively, and XIAOMI-W (01810) surged nearly 6%. AI large models also advanced, with Zhipu and MINIMAX both climbing. In the bond market, treasury bond futures fell across the board. In commodities, most domestic commodity futures declined, with precious metals futures leading the losses. Core market movements:
A-shares: As of press time, the Shanghai Composite fell 1.37%, the Shenzhen Component fell 1.61%, and the ChiNext Index fell 1.80%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.14%, and the Hang Seng Tech Index rose 0.86%.
Bond market: Treasury bond futures fell across the board. As of press time, the 30-year main contract fell 0.08%, the 10-year main contract fell 0.02%, the 5-year main contract fell 0.02%, and the 2-year main contract fell 0.01%.
Commodities: Most domestic commodity futures declined. As of press time, fuel oil rose nearly 5%, crude oil rose more than 3%, manganese silicon rose 2%, eggs and asphalt rose more than 1%, and soybean meal, coking coal, rapeseed, container shipping index and iron ore all advanced. Coke, rubber, Shanghai aluminum, hot-rolled coils, glass, rebar, polysilicon, stainless steel and Shanghai copper declined, while paper pulp, alumina, lithium carbonate and Shanghai nickel fell more than 1%. Caustic soda, platinum, palladium, Shanghai tin and Shanghai gold all fell more than 2%, and Shanghai silver plunged more than 5%.
09:51
The humanoid robot concept strengthened repeatedly, with Zhaowei Machinery hitting its third limit-up in five days. Previously, Ruineng Technology and Saifutian posted two consecutive limit-ups, while Dayang Electric, Fulaixin Materials and Joyson Electronics surged.
On the news front, Tesla CEO Musk said at Tesla's earnings call that he firmly believes the entire humanoid robot track will become the world's largest industry, and that the number of humanoid robots on Earth may even exceed that of humans in the future. He also expects that by the end of next year, a series of issues including robot AI, electromechanical design, reliability and service life are expected to be resolved.
The storage chip concept performed actively, with Dagang Co. hitting the limit-up, while Puran Shares, Demingli and Changxin Technology followed higher.
On the news front, Samsung Electronics and SK Hynix are advancing production of NAND chips with more than 200 layers at their Chinese plants, raising the technology at their Chinese facilities to the level of their South Korean plants. Currently, Samsung's Xi'an plant accounts for about 40% of the company's global NAND output, and the company aims to produce around 200-layer NAND chips.
09:46
The PCB concept adjusted collectively, with Aoshikang approaching the limit-down, while Zhongjing Electronics, Aohong Electronics, Chongda Technology, Jinlu Electronics and Qiangda Circuit followed lower.
09:26
The Shanghai Composite Index opened 0.94% lower, and the ChiNext Index fell 1.66%. Precious metals, communication equipment and electronic components led the declines.
09:21
The Hang Seng Index opened up 0.41%, and the Hang Seng Tech Index rose 0.51%. Consumer stocks performed actively, with Li Auto rising more than 3% to lead blue chips.
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