The A-shares fluctuated and closed lower in the morning, with the ChiNext Index down 0.37%. The chemical sector rose against the trend, while the Hang Seng Index fell to 2%. Technology stocks generally declined, and the photovoltaic sector rose against the trend
The A-shares opened lower and fluctuated to close down, with the three major indices briefly turning positive during the day but closing lower at noon. The ChiNext index fell by 0.37%. On the market, more stocks declined than rose, with over 2,800 stocks in the Shanghai, Shenzhen, and Beijing markets in the red, and a total turnover of 1.27 trillion yuan in the morning session. Sectors such as organic silicon, phosphorus chemical, fluorochemical, and Hainan Free Trade Zone led the gains; while sectors like robotics, quantum technology, Xinchuang, and AI applications led the declines. The Hong Kong stock market closed down, with the Hang Seng Index falling by 1.14% and the Tech Index dropping by 2%. Internet stocks generally fell, while photovoltaic solar stocks strengthened. Most government bonds turned lower, and commodities had mixed performance
A-shares fluctuated and closed lower in the morning, with all three major indices turning positive during the session but closing down in the afternoon. The ChiNext Index fell by 0.37%. The sectors leading the gains included organic silicon, phosphorus chemical, fluorochemical, and Hainan Free Trade Zone; while the sectors that lagged included robotics, quantum technology, information technology innovation, and AI applications. Hong Kong stocks closed lower, with the Hang Seng Index down 1.14% and the Tech Index down 2%. Internet stocks generally fell, while photovoltaic solar stocks strengthened. Most government bonds turned lower, with commodities mixed.
On November 7, A-share indices showed fluctuating performance, with the Shanghai Composite Index narrowing its decline to 0.16%, the Shenzhen Component Index down 0.16%, and the ChiNext Index down 0.37%. The organic silicon sector saw a collective surge, with Dongyue and Hoshine Silicon hitting the daily limit. The phosphorus chemical and fluorochemical sectors continued to be strong, with Qingshuiyuan and Chengxing Co., Ltd. also hitting the limit. The Hainan Free Trade Zone was actively traded, with Haima Automobile and Hainan Mining hitting the daily limit. On the downside, robotics concept stocks adjusted, with Hengshuai Co., Ltd. falling over 10%.
In terms of market performance, there were more decliners than advancers, with over 2,800 stocks in the Shanghai, Shenzhen, and Beijing markets showing losses, and a half-day turnover of 1.27 trillion yuan. The following are the core indices:
The Shanghai Composite Index closed at 4001.24 points in the morning, down 0.16%.
The Shenzhen Component Index closed at 13431.09 points in the morning, down 0.16%.
The ChiNext Index closed at 3212.70 points in the morning, down 0.37%.
The CSI 300 closed at 4683.66 points in the morning, down 0.21%.
The STAR 50 closed at 1426.03 points in the morning, down 0.75%.
The CSI 500 closed at 7341.93 points in the morning, down 0.05%.
The CSI 1000 closed at 7555.76 points in the morning, up 0.05%.
Hong Kong stocks closed lower, with the Hang Seng Index down 1.14% and the Tech Index down 2%. Internet stocks generally fell, with semiconductors leading the decline, while photovoltaic solar stocks strengthened. Kuaishou fell over 5%, Nio fell nearly 5%, and Pop Mart fell over 5%.
Most government bonds turned lower, with the 30-year main contract up 0.02%, the 10-year main contract down 0.01%, the 5-year main contract down 0.01%, and the 2-year main contract down 0.02%.
Commodities were mixed, with lithium carbonate up 2.08%, and shipping futures leading the declines, with the container shipping index (European line) down 1.83%.
11:00
All three major A-share indices turned positive, after the ChiNext Index had previously fallen over 1%.
10:35
The A-share commercial aerospace sector saw a short-term surge, with Shanghai Huguang hitting the daily limit, Aerospace Zhizhuang up over 6%, and Shanghai Hanxun, Aerospace Power, and Aerospace Technology following suit.
10:15
XPeng Motors rose against the trend, with an increase of 4.64%
According to news, Bank of America released a report on November 6, reiterating its "Buy" rating on XPeng Motors and raising the target price for its American Depositary Shares (ADS) from $26 to $27, with the target price for Hong Kong stocks also raised from HKD 101 to HKD 105.
9:41
Huahong Semiconductor's Hong Kong stocks fell 4.1%, while A-shares fell 4.8%.
According to news, Morgan Stanley analysts, including Charlie Chan, stated in a report that they hold a cautious attitude towards the durability of China's mature processes under domestic competitive pressure. Huahong's forecasted price-to-book ratio for 2026 is 2.7 times, which looks unattractive compared to the historical average from 2014 to 2025.
Citigroup analysts, including Laura Chen, pointed out in a report that Huahong Semiconductor's net profit in the third quarter was slightly below market expectations, but due to higher capacity utilization and better average selling prices, its gross profit margin of 13.5% was better than the 10%-12% guidance. Domestic demand in China remains the main source of revenue, accounting for 82%, while customers from the U.S. and Europe saw growth of 36% and 13%, respectively, considering the "China for China" strategy. The company's short-term operating profit may still be under pressure, but structural improvements are expected, raising the company's rating to Buy and significantly increasing the target price by about 133% to HKD 105.
9:34
The ChiNext Index fell over 1%, the Shanghai Composite Index fell 0.19%, and the Shenzhen Component Index fell 0.73%. Sectors such as CPO, AI chips, quantum technology, and PCB saw significant declines, with over 3,100 stocks in the Shanghai, Shenzhen, and Beijing markets declining.
9:30
Government bond futures opened, with the 30-year main contract rising 0.10%, the 10-year main contract rising 0.03%, the 5-year main contract rising 0.05%, and the 2-year main contract rising 0.01%.
9:28
The China Securities Convertible Bond Index opened down 0.01%. Tianci Convertible Bond rose 6%, Jiankong Convertible Bond rose 4.5%, Fenggong Convertible Bond rose 2.2%; Hangyu Convertible Bond fell 2.5%, Dazhong Convertible Bond, Outong Convertible Bond, Haomei Convertible Bond, Hengshuai Convertible Bond and others fell over 1%.
9:25
The Shanghai Composite Index opened at 3994.32 points, down 0.34%.
The Shenzhen Component Index opened at 13380.35 points, down 0.54%.
The ChiNext Index opened at 3201.26 points, down 0.72%.
The CSI 300 opened at 4673.76 points, down 0.42%.
The STAR 50 opened at 1420.23 points, down 1.16%.
The CSI 500 opened at 7307.30 points, down 0.52%.
The CSI 1000 opened at 7519.75 points, down 0.42%.
The A-share Hainan Free Trade Zone sector opened higher, with Haima Automobile hitting the daily limit, and Hainan Development, Kangzhi Pharmaceutical, Xinlong Holdings, Caesar Travel, and Haixia Shares following suit.
9:21
The Hang Seng Index opened down 0.51%, and the Hang Seng Tech Index fell 0.83%. Hua Hong Semiconductor fell 3.9%, Nio and JD Group fell over 2%. XPeng rose 4.8%.
9:16
The RMB to USD central parity rate was reported at 7.0836, up 29 points; the previous trading day's central parity rate was 7.0865, the previous trading day's official closing price was 7.1219, and the last night session closed at 7.1188.
9:00
Commodity futures opened, with the main contract for the European shipping index falling over 2%, polysilicon, fuel oil, asphalt, LU fuel oil, and iron ore falling over 1%. Urea, ethylene glycol, and rapeseed oil rose over 1%.
FTSE China A50 Index futures opened down 0.31%, and the previous trading day's night session closed down 0.28%
