A-shares opened lower but rose throughout the day, with the three major indices turning positive and the ChiNext Index rising over 2%. The CPO, pharmaceuticals, Hainan Free Trade Zone, and retail sectors led the gains; while military industry, aquaculture, AI applications, and insurance sectors faced declines.
On November 26, A-shares rose in the morning session. By the midday close, the Shanghai Composite Index had a slight increase of 0.14%, the Shenzhen Component Index rose by 1.61%, and the ChiNext Index increased by 2.76%. In terms of individual stocks, there were more gainers than losers, with over 2,800 stocks in the Shanghai, Shenzhen, and Beijing markets in the green, and a total turnover of 1.14 trillion yuan in the morning session. CPO and other computing hardware stocks strengthened, with Zhongji Innolight soaring over 13%, hitting a historical high, and TeFa Information achieving four consecutive trading limits, while NewEase Technology rose over 10%. Pharmaceutical stocks collectively strengthened, with Guangji Pharmaceutical achieving three consecutive trading limits and Peking University Pharmaceutical achieving two consecutive trading limits. On the downside, the military industry sector faced adjustments, with JiuZhiYang and Chenxi Aviation dropping over 10%. Key index performance:
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The Shanghai Composite Index closed at 3,875.48 points, up 0.14%.
The Shenzhen Component Index closed at 12,982.74 points, up 1.61%.
The ChiNext Index closed at 3,063.09 points, up 2.76%.
The CSI 300 closed at 4,527.22 points, up 0.82%.
The STAR 50 closed at 1,319.35 points, up 1.32%.
The CSI 500 closed at 7,013.45 points, up 0.85%.
The CSI 1000 closed at 7,299.43 points, up 0.68%.
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In news, the Shanghai Municipal People's Government Office issued a notice yesterday on &#34;Several Measures to Deepen the Reform of Drug and Medical Device Regulation in Shanghai to Promote the High-Quality Development of the Pharmaceutical Industry,&#34; focusing on establishing a service list for key research varieties in areas such as cell and gene therapy, rare diseases, high-quality first generic drugs, and artificial intelligence medical devices.
Hong Kong stocks rose, with the Hang Seng Index up 0.46% and the Hang Seng Tech Index up 0.51%. Pharmaceutical stocks, paper stocks, innovative drugs, and power equipment stocks led the gains. China Eastern Airlines rose over 6%, Meituan rose nearly 6%, Hengrui Medicine rose over 5%, Smoore International rose nearly 5%, and CSPC Pharmaceutical Group rose over 3%; Nio fell over 7%, Chow Tai Fook and Huanshi Media fell over 6%, China Shipbuilding Defense fell over 4%, and Bilibili fell over 2%.
In news, the three major U.S. stock indices closed higher overnight.
Meituan's competitor Alibaba increased capital expenditure in its instant retail business in the second fiscal quarter, stating that the first phase of Taobao Flash Purchase's scale expansion has concluded.
Commodity prices were mixed at midday, with lithium carbonate rising 3.20%, Shanghai silver rising 1.90%, the freight index (European line) falling 6.61%, and fuel falling 1.00%.
The bond market fell across the board, with the 30-year main contract down 0.49%, the 10-year main contract down 0.17%, the 5-year main contract down 0.08%, and the 2-year main contract down 0.02%. In the credit bond market, five Vanke RMB bonds fell by as much as 20%, leading to a temporary suspension of trading during the session
11:18
&#34;22 Vanke 06&#34; and &#34;21 Vanke 02&#34; fell over 20%, temporarily suspended during trading.
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11:15
The decline in government bond futures continues to expand, with the 30-year main contract falling over 0.5% and the 10-year main contract down 0.17%.
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11:11
Computing hardware stocks continue to rise, with Zhongji Innolight surging over 13%, reaching a historical high, and a total market value exceeding 600 billion yuan. Stocks such as NewEase, Yongding Co., Ltd., Guangku Technology, Tianfu Communication, and Cambridge Technology rose over 5%.
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11:04
The ChiNext Index rose over 2%, with more than 2,600 stocks in the market rising. Sectors such as Hainan and innovative drugs led the gains.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/be79bb06-2a08-4af6-997f-85ec7d43e9a1.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/be79bb06-2a08-4af6-997f-85ec7d43e9a1.png"/>
10:43
Meituan surged over 5%.
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In news, Jiang Fan, CEO of Alibaba's e-commerce group, stated during the earnings call last night that Taobao Flash Sales has made significant progress in optimizing unit economic efficiency while maintaining market share. Since October, the average loss per order for Flash Sales has been reduced by half compared to July and August, with the proportion of non-tea drink orders rising to over 75%, and the average order value showing double-digit growth month-on-month. Jiang pointed out that the first phase of scale expansion for Taobao Flash Sales has ended, and it has now entered the second phase, which is the &#34;efficiency optimization&#34; phase. CFO Xu Hong stated that the third quarter was the peak investment period for the Flash Sales business, and with significant improvements in overall efficiency and stable scale, it is expected that the overall investment in the Flash Sales business will significantly shrink in the next quarter. Of course, investment strategies will be dynamically adjusted based on the overall market competition.
Analysts pointed out that Alibaba's statement may indicate a &#34;temporary ceasefire.&#34;
10:37
The domestic bond &#34;22 Vanke 02&#34; fell by 20%, leading to a temporary suspension.
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10:19
Vanke bonds generally fell, with &#34;21 Vanke 04&#34; dropping over 20% and temporarily halting trading, &#34;21 Vanke 06&#34; and &#34;23 Vanke 01&#34; dropping over 12%, &#34;22 Vanke 02&#34; dropping nearly 12%, and &#34;21 Vanke 02&#34; dropping over 7%.
9:54
The ChiNext Index's gains expanded to 1%, with sectors such as Hainan Free Trade Port and innovative drugs leading the rise.
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9:43
The onshore RMB against the US dollar rose to 7.0820 yuan in early trading, reaching a new high since October 14, 2024.
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9:32
Government bond futures opened, with the 30-year main contract down 0.17%, the 10-year main contract down 0.02%, the 5-year main contract unchanged from yesterday, and the 2-year main contract down 0.01%.
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9:28
The CSI Convertible Bond Index opened up 0.04%. The Spring 23 convertible bond rose over 6%, the Guocheng convertible bond rose over 3%, and the Hushang convertible bond rose over 2%; the Outong convertible bond, Liyang convertible bond, and Weice convertible bond fell over 1%.
9:25
The Shanghai Composite Index opened down 0.07%, and the ChiNext Index fell 0.14%.
The Shanghai Composite Index opened at 3867.43 points, down 0.07%.
The Shenzhen Component Index opened at 12769.93 points, down 0.06%.
The ChiNext Index opened at 2976.70 points, down 0.14%.
The CSI 300 opened at 4490.20 points, down 0.00%.
The STAR 50 opened at 1296.46 points, down 0.44%.
The CSI 500 opened at 6946.08 points, down 0.12%.
The CSI 1000 opened at 7236.66 points, down 0.18%.
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9:21
The Hang Seng Index opened up 0.59%, at 26046.74 points; the Hang Seng Tech Index rose 0.67%. Meituan rose over 4%, ASMPT rose over 3%, and JD Health, BYD Company, and XPeng rose over 2%.
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9:16
The RMB against the US dollar central parity rate was reported at 7.0796, up 30 points; the previous trading day's central parity rate was 7.0826, the previous trading day's official closing price was 7.0938, and the previous night's closing price was 7.0845
9:00
Commodity futures opened, with the main contract of the European shipping index falling over 5%, coking coal and coke dropping over 2%, and fuel oil, No. 20 rubber, LU fuel oil, and rubber declining over 1%. Lithium carbonate rose over 2%, while Shanghai nickel and Shanghai silver increased over 1%.
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300308

MPNGY

03690

A-shares opened lower and rose higher, with the three major indices turning positive. The ChiNext Index rose by 2.22%, with sectors such as Hainan Free Trade Port and innovative drugs leading the gains. The pharmaceutical sector also saw significant increases, while AI hardware and software directions collectively declined, and aquaculture stocks continued to fall. Hong Kong stocks opened higher, with the Hang Seng Index rising by 0.59% and the Hang Seng Tech Index rising by 0.67%. Meituan rose over 5%, ASMPT rose over 3%, and JD Health, BYD, and XPeng rose over 2%. Most commodities opened lower, and the bond market fell across the board, with five Vanke RMB bonds dropping by as much as 20%, leading to a temporary suspension of trading

- A-shares opened lower but gained momentum, with major indices turning positive, particularly the ChiNext index rising over 2%.  
- The Shanghai Composite Index closed at 3,875.48 points, up 0.14%, while the Shenzhen Component rose 1.61% to 12,982.74 points.  
- The market saw strong performances in sectors like CPO and pharmaceuticals, while military and aquaculture stocks faced declines.

Wallstreetcn

Zhongji Innolight

Meituan

MEITUAN

AH shares rose, the ChiNext Index increased by over 2%, the pharmaceutical sector led the gains, Zhongji Innolight hit a new high, Meituan rose by over 5%, and Vanke's bonds were temporarily suspended