The three major A-share indices showed mixed performance, with the Shanghai Composite Index down 0.2%. The lithium battery industry chain strengthened, while Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling over 1%, and technology stocks broadly declined
The three major A-share indices showed mixed performance, with the Shanghai Composite Index down 0.2% and the ChiNext Index up 0.25%. The lithium battery industry chain strengthened, while Hong Kong stocks opened lower and continued to decline, with the Hang Seng Tech Index dropping over 1%. Most large technology stocks fell, automotive stocks continued to diverge, and most nuclear power stocks, building materials and cement stocks, as well as new consumption concept stocks rose. Most commodity futures opened lower, while most government bond futures opened higher. Trump hinted at the next Federal Reserve chairman and stated that interest rates should be lowered, leading to a rise in overnight U.S. stocks
The A-share index showed a mixed performance, with the Shanghai Composite Index down 0.2% and the ChiNext Index up 0.25%. Stocks related to China Shipbuilding, liquid-cooled servers, AI smartphones, photolithography machines, and 6G concepts weakened; the lithium battery industry chain strengthened.
Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index down 0.44% and the Hang Seng Tech Index down over 1%. Most large tech stocks fell but with smaller declines, with Tencent, Alibaba, and JD.com down within 0.8%. Automotive stocks continued to diverge, with Nio and XPeng continuing to decline, while gaming stocks, food and beverage stocks, and the three major oil companies fell broadly. Additionally, nuclear power stocks, building materials and cement stocks, and new consumption concept stocks mostly rose, while the new stock Jin Yan Gao Ling New Materials opened up over 27%.
In terms of news, Trump hinted at the next Federal Reserve chairman and stated that interest rates should be lowered, leading to a rise in U.S. stocks overnight, while the China concept index fell.
Most commodity futures opened lower, with coking coal down 1.60%, low-sulfur fuel oil down 1.35%, industrial silicon down 1.10%, and alumina down 1.01%. Shanghai silver rose 1.62%, and the shipping index (European line) rose 0.73%.
Most government bond futures opened higher, with the 30-year main contract up 0.07%, the 10-year main contract up 0.05%, the 5-year main contract up 0.04%, and the 2-year main contract down 0.00%.
9:53
The Hang Seng Tech Index fell over 1% during the day, with Nio and XPeng down over 4%.
9:35
The ChiNext Index rose over 1%, the Shanghai Composite Index fell 0.03%, and the Shenzhen Component Index rose 0.47%. Cultured diamonds, CPO, batteries, and diversified finance led the gains, with nearly 3,100 stocks rising in the Shanghai, Shenzhen, and Beijing markets.
9:29
Government bond futures opened, with the 30-year main contract up 0.07%, the 10-year main contract up 0.05%, the 5-year main contract up 0.04%, and the 2-year main contract down 0.00%.
9:26
The China Convertible Bond Index opened up 0.03%. Yuguang Convertible Bond rose 2.4%, while Hangyang Convertible Bond, Dongshi Convertible Bond, and Guocheng Convertible Bond rose over 1%; Nenghui Convertible Bond fell over 4%.
9:25
The Shanghai Composite Index opened at 3,894.16 points, down 0.09%.
The Shenzhen Component Index opened at 13,071.16 points, up 0.11%.
The ChiNext Index opened at 3,078.86 points, up 0.25%.
The CSI 300 opened at 4,554.59 points, up 0.01%.
The Sci-Tech Innovation 50 opened at 1,317.58 points, down 0.20%.
The CSI 500 opened at 7,044.86 points, up 0.06% The CSI 1000 opened at 7312.67 points, down 0.01%.
9:20
The Hang Seng Index opened down 0.44%, at 25980.89 points; the Hang Seng Tech Index fell 0.51%. XPeng dropped 2.6%, Nio fell 1.8%, and NetEase, Kuaishou, and Bilibili all dropped over 1%.
9:15
The central parity rate of the RMB against the USD was reported at 7.0754, up 40 points; the previous trading day's central parity rate was 7.0794, and the official closing price of the previous trading day was 7.0712, with the night session closing at 7.0725.
9:00
Most commodity futures opened lower, with glass down 1.83%, asphalt down 1.80%, coking coal down 1.60%, low-sulfur fuel oil down 1.35%, industrial silicon down 1.10%, alumina down 1.01%, Shanghai silver up 1.62%, the shipping index (European line) up 0.73%, and apples up 0.66%.
FTSE China A50 Index futures initially fell 0.07%, with the previous trading day's night session closing down 0.08%.
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