To The Moon

Chinese A-shares and Hong Kong stocks opened higher across the board, with the three major A-share indices all gaining over 1%. The Hang Seng Index and Hang Seng Tech Index also both moved higher, as sectors like shipping and precious metals surged, and technology stocks such as semiconductors and computing hardware rallied. On the news front, significant progress in geopolitical tensions and a reported U.S.-Iran agreement boosted risk sentiment, fueling broad gains in Asia-Pacific markets.

On June 15th, A-shares opened higher and extended gains, with the three major indices rising in early trading. Computing hardware saw a major breakout, with strength in areas like copper-clad laminates, circuit boards, and optical circuit switches. The shipping and precious metals sectors posted significant gains, while the brokerage sector also rose. Coal and oil & gas stocks underwent adjustments.

Hong Kong stocks also opened higher, with the Hang Seng Index and Hang Seng Tech Index continuing their upward momentum in early trading, both rising more than 1%. Technology and internet stocks generally advanced, with AI large model stocks surging, led by KNOWLEDGE ATLAS which at one point skyrocketed 48%. In the bond market, treasury futures mostly moved higher. In commodities, most domestic commodity futures rose, with Shanghai silver futures gaining nearly 8%. Key market movements are as follows:

A-Shares: At the time of writing, the Shanghai Composite Index is up 1.19%, the Shenzhen Component Index is up 1.83%, and the ChiNext Index is up 2.05%.

Hong Kong Stocks: At the time of writing, the Hang Seng Index is up 1.17% and the Hang Seng Tech Index is up 1.67%.

Bond Market: Treasury futures are mostly up. At the time of writing, the 30-year main contract is up 0.11%, the 10-year main contract is up 0.03%, the 5-year main contract is up 0.03%, and the 2-year main contract is flat.

Commodities: Most domestic commodity futures are higher. At the time of writing, Shanghai silver is up nearly 8%, Shanghai tin and Shanghai gold are up over 4%. Glass, coke, Shanghai copper, stainless steel, pulp, rubber and others are all up over 1%. Shanghai nickel, hot-rolled coil, soybean meal, Shanghai aluminum, industrial silicon, alumina, rebar, iron ore, and ferromanganese silicon are all rising. Polysilicon, caustic soda, eggs, lithium carbonate, and rapeseed are among the decliners. Coking coal is down over 1%, the containerized freight index is down nearly 3%, while asphalt, crude oil, and fuel oil are down over 6%.

09:47: The ChiNext Index extended gains, rising more than 2%. The Shanghai Composite Index is up 1.28% and the Shenzhen Component Index is up 1.92%. Securities, non-ferrous metals, shipping, and copper foil are among the top gainers. Nearly 4600 stocks are rising across the Shanghai, Shenzhen, and Beijing markets.

09:45: KNOWLEDGE ATLAS, which had surged up to 48% at the open, is now up nearly 30%.

On the news front, following the U.S. export control ban on Anthropic's strongest models Claude Fable 5 and Claude Mythos 5, Chinese model manufacturers quickly followed up by announcing full public access. Among them, KNOWLEDGE ATLAS's domestic large model GLM-5.2 has been opened to all GLM Coding Plan users, covering Lite, Pro, Max, and Team editions. Analysis suggests that with the strongest models from overseas competitors being globally banned due to government controls, KNOWLEDGE ATLAS's announcement of full public access to its most capable open-source model, GLM-5.2, which is set to be open-sourced under an MIT license this week, aims to attract global developers with an open strategy.

09:42: The Shanghai Composite Index rose over 1%, with the brokerage sector rallying and the semiconductor sector showing a clear upward move.

09:34: KNOWLEDGE ATLAS at one point soared 48%, after JPMorgan raised its price target.

09:27: The shipping sector opened sharply higher. China Merchants Energy Shipping, China Merchants, and COSCO SHIPPING Energy Transportation hit their daily limit-up in pre-market trading. Sino-Air Development rose over 10%, while Ningbo Marine, Ningbo Ocean Shipping, Nanjing Port, and others opened significantly higher.

The news catalyst was U.S. President Trump's announcement on the 14th local time that the United States and Iran had reached a peace agreement, and the Strait of Hormuz would be "opened for toll-free passage."

09:26: The Shanghai Composite Index opened 0.55% higher, and the ChiNext Index rose 1.72%. Aviation, gold, and AI hardware led the gains, while oil & gas, coal, and property sectors adjusted.

09:21: The Hang Seng Index opened 1.15% higher, and the Hang Seng Tech Index rose 1.78%. COSCO SHIPPING Energy Transportation gained over 14%, while China Eastern Airlines, Air China, China Southern Airlines, and Zijin Mining Group were among the notable performers. KNOWLEDGE ATLAS rose nearly 15%, MINIMAX gained over 5%, and Lenovo Group rose nearly 5%.