Computing hardware stocks rebounded across the board, with the CPO sector leading the gains. &#34;Yi Zhongtian&#34; surged, as its previous announcement indicated a collective positive outlook for 2025, with New Yisheng's net profit skyrocketing over twofold, and Zhongji Xuchuang nearly doubling. Gold stocks continued their adjustment trend, with international gold and silver prices continuing to plummet overnight.
On February 3rd, A-shares opened higher collectively, with the three major indices rising at the start of trading; the ChiNext rose by 2%. Computing hardware stocks rebounded across the board, with CPO, optical communication, and optical chips leading the gains, and &#34;Yi Zhongtian&#34; surged in the morning session. The photovoltaic industry chain exploded, with space photovoltaics and TOPcon batteries strengthening. The precious metals sector continued its adjustment, with Sichuan Gold and Zhaojin Gold hitting the limit down.
In the Hong Kong stock market, the Hang Seng Index and the Hang Seng Tech Index opened higher but retreated slightly, with most tech stocks declining, while the semiconductor and non-ferrous metals sectors rebounded moderately. In the bond market, government bond futures showed mixed results, with the 30-year contract down 0.3%. In commodities, domestic commodity futures were mixed, with Shanghai silver down over 16% and lithium carbonate up 5%. Core market trends:
<blockquote>
A-shares: As of the time of writing, the Shanghai Composite Index rose by 0.44%, the Shenzhen Component Index rose by 1.25%, and the ChiNext Index rose by 1.73%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/61acc905-f0d6-421f-9341-3ddd200c61a6.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/61acc905-f0d6-421f-9341-3ddd200c61a6.png"/>
Hong Kong stocks: As of the time of writing, the Hang Seng Index rose by 1.20%, and the Hang Seng Tech Index rose by 0.39%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b2be73cc-b22b-44dd-bf96-4b3bf8a6c8e4.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/b2be73cc-b22b-44dd-bf96-4b3bf8a6c8e4.png"/>
Bond market: Most government bond futures fell; as of the time of writing, the 30-year main contract fell by 0.31%, the 10-year main contract fell by 0.05%, the 5-year main contract remained flat, and the 2-year main contract rose by 0.02%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0615837a-ea41-49f3-ac75-03572cdc736c.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/0615837a-ea41-49f3-ac75-03572cdc736c.png"/>
Commodities: Domestic commodity futures were mixed; as of the time of writing, Shanghai silver fell over 15%, Shanghai tin fell by 7%, fuel oil fell over 3%, stainless steel, Shanghai aluminum, asphalt, and Shanghai nickel fell over 1%, while soybean meal, eggs, caustic soda, and Shanghai gold declined. Rebar, ferrosilicon, pulp, hot-rolled coil, industrial silicon, iron ore, rubber, Shanghai copper, alumina, and coking coal rose, with glass, rapeseed, and coke up by 1%. The container shipping index, platinum, and polysilicon rose over 3%, palladium rose over 4%, and lithium carbonate rose over 5%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/ad9ee1f3-38ac-4110-9395-d1c407956820.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/ad9ee1f3-38ac-4110-9395-d1c407956820.png"/>
</blockquote>
09:58
In the morning session, the storage chip concept warmed up, with Zhongwei Semiconductor rising over 10%, and Hengshuo Co., Ltd., Netac, Sunlord Electronics, Puya Semiconductor, and Ingenic following suit
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0a3cd6eb-f278-4a43-914a-b1da777d7eae.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/0a3cd6eb-f278-4a43-914a-b1da777d7eae.png"/>
In terms of news, overnight U.S. stocks in the memory chip sector surged, with SanDisk rising over 15%, Western Digital up nearly 8%, and Seagate Technology increasing by over 6%. SanDisk's performance greatly exceeded expectations.
Additionally, data provided in the Q4 2025 financial reports from the two major NAND flash manufacturers, SK Hynix and SanDisk, showed that the ASP (average selling price) of NAND has risen by more than 30%.
09:54
Computing hardware stocks rebounded, with CPO, optical chips, and other sectors rising, including RoboTechnik up 17%, EverProX, AFR, and TFC up over 7%, T&amp;S, LINKTEL TECHNOLOGIES, TACLINK, and Tongyu up 6%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d5389507-e3a2-4a0c-bcb6-070c28323379.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/d5389507-e3a2-4a0c-bcb6-070c28323379.png"/>
09:43
The ChiNext Index rose by 2%, with photovoltaic, computing hardware, and memory chip sectors leading the gains. Nearly 4,400 stocks in the Shanghai, Shenzhen, and Beijing markets rose. CPO surged, with TFC up over 10%, NewEase up, and Zhongji Xuchuang up over 3%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b2b911aa-a871-4519-8cb6-e0d2ba726884.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/b2b911aa-a871-4519-8cb6-e0d2ba726884.png"/>
09:26
The Shanghai Composite Index opened up 0.7%, and the ChiNext Index rose by 1.65%. The computing hardware industry chain rebounded, with memory and CPO sectors leading the gains; semiconductor, rare earth, lithium mining, and photovoltaic themes were active. The precious metals sector retreated again, while oil and gas, and liquor stocks performed poorly.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/34232f5b-ae0f-4f75-afd2-9a00999b2c19.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/34232f5b-ae0f-4f75-afd2-9a00999b2c19.png"/>
09:21
The Hang Seng Index opened up 0.82%, and the Hang Seng Tech Index rose by 0.68%. NetEase, Zijin Mining, and Hua Hong Semiconductor rose over 3%; Nio and XPeng fell over 2%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/482b62eb-8024-48d2-9452-b9d6e7d8e586.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/482b62eb-8024-48d2-9452-b9d6e7d8e586.png"/>
09:01
Commodity futures opened, with the main contract for Shanghai silver down nearly 20%, Shanghai tin down over 11%, crude oil down over 4%, fuel oil and platinum down over 3%, and LU fuel oil and Shanghai nickel down over 2%. Shipping in the European line and alumina rose over 1%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d35644b1-1b90-4196-b231-0dbd7c17d095.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/d35644b1-1b90-4196-b231-0dbd7c17d095.png"/>

Computing hardware stocks rebounded, with CPO, optical chips, and other sectors rising. Among them, RoboTechnik rose 17%, EverProX, AFR, and TFC rose over 7%, while T&S, LINKTEL TECHNOLOGIES, TACLINK, and Tongyu rose 6%. In the early trading session, the storage chip concept warmed up, with CMS rising over 10%, and ZBIT SEMICONDUCTOR, Netac, Sunlord Electronics, Puya semiconductor, and Ingenic following suit

- As of February 3, A-shares opened higher, with the three major indices rising, led by gains in computing hardware stocks and CPO sectors.  
- The gold sector continued to adjust downwards, while the storage chip concept showed recovery, with U.S. stocks like SanDisk and Western Digital experiencing significant gains.  
- In the futures market, domestic commodities saw mixed performance, with silver and tin contracts falling, while lithium carbonate and palladium saw notable increases.

Wallstreetcn

RoboTechnik

ZBIT SEMICONDUCTOR

Tongyu

EverProX

Ingenic

Netac

Sunlord Electronics

LINKTEL TECHNOLOGIES

TACLINK

Puya semiconductor

The ChiNext rose by 2%, computing hardware stocks rebounded, CPO surged, the Hang Seng Index turned negative, tech stocks continued to adjust, and silver in Shanghai plummeted over 15%