On September 12, the A-shares experienced fluctuations and differentiation, with the Shanghai Composite Index slightly rising, while the ChiNext Index fell nearly 1%. The AI industry chain corrected, and optical modules (CPO) dropped, with &#34;Yi Zhongtian&#34; all falling over 5%. The Hong Kong stock market opened significantly higher, with both the Hang Seng Index and the Hang Seng Tech Index rising sharply, and stocks in the automotive and technology sectors surged, with Alibaba rising over 6%, reaching a nearly four-year high. Pharmaceutical stocks rebounded. In the bond market, government bond futures continued to decline. In terms of commodities, domestic commodities showed differentiation, with fuel oil dropping over 2%. Core market performance:<blockquote>A-shares: As of the time of writing, the Shanghai Composite Index rose 0.23%, the Shenzhen Component Index rose 0.01%, and the ChiNext Index fell 0.70%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6c0d0f2a-d6c8-4d8c-bd1b-f9d306aeb6d7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6c0d0f2a-d6c8-4d8c-bd1b-f9d306aeb6d7.png"/>Hong Kong stocks: As of the time of writing, the Hang Seng Index rose 1.72%, and the Hang Seng Tech Index rose 2.54%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/839139e1-a68e-4ade-a624-4aeef41a2198.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/839139e1-a68e-4ade-a624-4aeef41a2198.png"/>Bond market: Government bond futures fell across the board. As of the time of writing, the 30-year main contract fell 0.01%, the 10-year main contract fell 0.03%, the 5-year main contract fell 0.02%, and the 2-year main contract fell 0.02%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b1e4d91d-9b22-4ce1-9cd2-6ff8ada543db.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b1e4d91d-9b22-4ce1-9cd2-6ff8ada543db.png"/>Commodities: Domestic commodity futures showed mixed results. As of the time of writing, fuel oil fell over 2.5%, the container shipping index, asphalt, and glass fell over 1%, while alumina, rebar, ferrosilicon, coke, hot-rolled sheets, rubber, iron ore, and pulp declined; industrial silicon, stainless steel, lithium carbonate, eggs, soybean meal, and copper rose, with aluminum and polysilicon rising over 1%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/afba70be-ee11-4bc6-9762-6030e73c764f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/afba70be-ee11-4bc6-9762-6030e73c764f.png"/></blockquote>News: As of September 11, the financing balance on the Shanghai Stock Exchange reported 1,176.442 billion yuan, an increase of 3.093 billion yuan from the previous trading day; the financing balance on the Shenzhen Stock Exchange reported 1,139.474 billion yuan, an increase of 11.248 billion yuan from the previous trading day; the total for both markets reached 2,315.916 billion yuan, an increase of 14.341 billion yuan from the previous trading day.09:46In the early trading session, the concept of computing power leasing fluctuated and rose, with Alibaba Cloud leading the gains. Runjian Co., Ltd. hit the daily limit, and previously, Xinjun Network had three consecutive limit-ups, with Capital Online, Cape Cloud, Aofei Data, and Youkede also following the rise.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dc98ae22-765e-4f22-8979-194456a8c6ed.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dc98ae22-765e-4f22-8979-194456a8c6ed.png"/>09:44The SSE Index broke through the previous high of 3888.6, setting a new stage high.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f4afc802-e29d-4064-b632-b3f2adcb3ddf.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f4afc802-e29d-4064-b632-b3f2adcb3ddf.png"/>09:41Large tech stocks rose across the board, with Alibaba once rising over 6%, continuing to set a nearly four-year high. Baidu Group rose over 5%. JD.com, Tencent Holdings, NetEase, and others had significant gains.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/55d13a41-50d2-415c-b11e-f14ace7bb619.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/55d13a41-50d2-415c-b11e-f14ace7bb619.png"/>09:40Solid-state battery concept stocks underwent adjustments, with Leading Intelligent falling over 7%, Naconor, Tianji Co., Honggong Technology, Huasheng Lithium, and Hangke Technology falling over 5%, while Liyuanheng, Jinyinhai, Enjie Co., and others followed suit.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0e8e2a7f-8c40-4997-a39f-bb4bdedc44d3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0e8e2a7f-8c40-4997-a39f-bb4bdedc44d3.png"/>09:38In the early session, storage chip concepts strengthened, with Demingli hitting the daily limit, and Shannon Semiconductor rising over 3% to set a new historical high, while Jiangbolong, Purun Co., Langke Technology, Baiwei Storage, and Wanrun Technology also rose.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7f385f29-4e5c-46bb-b0ae-96e1487e4bda.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7f385f29-4e5c-46bb-b0ae-96e1487e4bda.png"/>09:30A-share computing power concept stocks continued to be active, with Xinjun Network achieving three consecutive limits, and Ronglian Technology, Kehua Data, Runjian Co., Yihualu, and Data Port opening high.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/a6cec1b9-26ad-4ff7-bd80-c3bd513ec366.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/a6cec1b9-26ad-4ff7-bd80-c3bd513ec366.png"/>09:26The SSE Index opened up 0.01%, while the ChiNext Index fell 0.97%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/35c08f5f-20e8-4218-b6bc-36b16d0e8a86.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/35c08f5f-20e8-4218-b6bc-36b16d0e8a86.png"/>After a significant rise in the AI industry chain, there was a general pullback, with CPO and copper-clad laminate concepts leading the declines, with &#34;Yi Zhongtian&#34; falling over 5%; most sectors including Xinjiang, agriculture, and diversified finance saw slight declines; ASIC chips and CPC concepts continued to be strong, with Luxshare Precision opening up 2%, while shipping and precious metals rose.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1fa0ee76-d8f9-4e69-97cf-be6def31f2a5.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1fa0ee76-d8f9-4e69-97cf-be6def31f2a5.png"/>09:21The Hang Seng Index gapped up 1.74%, and the Hang Seng Tech Index rose 1.97%<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5f24ad7a-fa5e-4309-94f8-f243692dd731.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5f24ad7a-fa5e-4309-94f8-f243692dd731.png"/>Tech stocks surged strongly, with Alibaba rising nearly 6% to reach a nearly four-year high, and Baidu Group increasing by nearly 4%. Reports indicate that both companies are using self-developed chips to train artificial intelligence models; pharmaceutical stocks generally rebounded, with BeiGene rising over 5%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/66d16e21-cde0-4a9d-93de-35f4dd6ca4b1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/66d16e21-cde0-4a9d-93de-35f4dd6ca4b1.png"/>09:16The central parity rate of the RMB against the USD is reported at 7.1019, up 15 points; the previous trading day's central parity rate was 7.1034, and the official closing price of the previous trading day was 7.1235, while the night session closed at 7.1184.09:01Commodity futures opened, with LU fuel oil and fuel oil main contracts falling over 2%, crude oil, container shipping European routes, asphalt, and glass dropping over 1%. Palm oil and soybean meal futures rose nearly 1%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5878dfab-bd87-4e29-8976-5d34f4cdd2a8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5878dfab-bd87-4e29-8976-5d34f4cdd2a8.png"/>

000001

BIDU

09888

In the early trading session, the storage chip concept strengthened, with Demingli hitting the daily limit, and Shannon Microelectronics rising over 3%, continuing to set a historical high. Jiangbolong, Purun Co., Ltd., Langke Technology, Baiwei Storage, Wanrun Technology, and others followed suit. Large tech stocks in the Hong Kong market all rose, with Alibaba at one point increasing by over 6%, continuing to set a nearly four-year high. Baidu Group rose over 5%. JD.com, Tencent Holdings, NetEase, and others had significant gains

- On September 12, A-shares showed mixed results, with the Shanghai Composite Index slightly up and the ChiNext Index down nearly 1%.  
- Hong Kong stocks opened significantly higher, with the Hang Seng Index and Hang Seng Tech Index both rising, led by gains in automotive and tech sectors, particularly Alibaba, which reached a nearly four-year high.  
- In the bond market, government bond futures continued to decline, while domestic commodity futures exhibited varied performance, with fuel prices dropping over 2%.

Wallstreetcn

SSE Index

Baidu

BIDU-SW

The Hang Seng Index rose by 2%, Alibaba rose by 6%, continuing to set a nearly 4-year high. A-shares showed fluctuating differentiation, with the Shanghai Composite Index reaching a new high for the period. The AI industry chain and "Yi Zhongtian" both fell by over 5%