--- title: "The A-shares opened lower and rose higher, with all three major indices turning positive. The chemical and electric grid sectors collectively surged, the Hang Seng Index fell over 1%, tech stocks continued to decline, and Shanghai silver dropped over 13%" type: "News" locale: "en" url: "https://longbridge.com/en/news/275063436.md" description: "Chinese medicine stocks opened sharply higher, with Panlong Pharmaceutical and TY PHAR. hitting the daily limit, and Bio Valley and LSPG rising over 10%. Oil and gas stocks quickly rebounded, with Tong Petrotech rising over 10%, followed by Shandong Molong, TSPC, XZPT, Geo-Jade Petroleum, HBP, and ZPEC. The chemical sector continued to rise during the session, with CZDH, JINNIU CHEMICAL, and BCC hitting the daily limit, and Jiangtian Chemical and Shuangle Co., Ltd. rising over 10%, along with Yuntu Holdings, RSPC, LUXI CHEMICAL, and wanhua" datetime: "2026-02-06T08:24:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275063436.md) - [en](https://longbridge.com/en/news/275063436.md) - [zh-HK](https://longbridge.com/zh-HK/news/275063436.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275063436.md) | [繁體中文](https://longbridge.com/zh-HK/news/275063436.md) # The A-shares opened lower and rose higher, with all three major indices turning positive. The chemical and electric grid sectors collectively surged, the Hang Seng Index fell over 1%, tech stocks continued to decline, and Shanghai silver dropped over 13% On February 6th, the A-shares opened lower in the morning, with all three major indices initially dropping over 1%. They then fluctuated and rose, and have now all turned positive. Chemical and traditional Chinese medicine stocks are active, while liquor stocks are adjusting across the board, and computing hardware stocks have fallen again. The Hong Kong stock market continues its adjustment trend, with the Hang Seng Index down over 1.5%, and the Hang Seng Tech Index initially dropping over 2%. Internet technology stocks continue to decline, while new energy vehicles rebound. In the bond market, government bond futures are fluctuating higher. In commodities, domestic commodity futures are largely down, with silver in Shanghai falling over 13%, and futures for metals like platinum and palladium continuing to decline. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index is up 0.19%, the Shenzhen Component Index is up 0.47%, and the ChiNext Index is up 0.26%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index is down 1.52%, and the Hang Seng Tech Index is down 1.06%. > > > > **Bond market**: Government bond futures are down across the board. As of the time of writing, the 30-year main contract is up 0.27%, the 10-year main contract is up 0.05%, the 5-year main contract is flat, and the 2-year main contract is flat. > > > > **Commodities**: Most domestic commodity futures are down. As of the time of writing, silver in Shanghai is down 13.5%, platinum is down 9%, palladium is down 6%, tin in Shanghai is down 5%, rapeseed and caustic soda are down over 3%, nickel in Shanghai, gold in Shanghai, coke, and copper in Shanghai are down over 2%, while glass and industrial silicon are down over 1%. Other commodities like aluminum in Shanghai, iron ore, the shipping index, coke, pulp, stainless steel, and rebar are also down. > > **10:34** The precious metals concept is showing partial recovery, with Hunan Gold achieving 7 consecutive daily limit-ups, and Chao Hong Ji hitting the daily limit. Cuihua Jewelry, Xiaocheng Technology, China Gold, Sichuan Gold, and Huayu Mining are also rising. In terms of news, spot silver has risen over 2% during the day, after previously dropping nearly 10%. The spot gold price has returned above $4,800 during the day. **10:32** The National Investment Silver LOF opened at the daily limit down, currently reported at 3.099 yuan, with the premium rate falling to 28.73%. So far, the National Investment Silver LOF has recorded 5 consecutive daily limit downs. **10:27** Both the Shanghai Composite Index and the Shenzhen Component Index have turned positive after previously dropping over 1%. Traditional Chinese medicine, chemicals, power grids, and quantum technology sectors are leading in gains, with nearly 3,700 stocks rising in the Shanghai, Shenzhen, and Beijing markets **09:27** Chinese medicine stocks opened sharply higher, with Panlong Pharmaceutical and TY PHAR. hitting the daily limit, and Bio Valley, LSPG, and others rising over 10%. **09:26** The Shanghai Composite Index opened down 0.87%, and the ChiNext Index fell 1.15%. The gold and base metals sectors retreated again, while the semiconductor and computing hardware supply chains continued to decline. Oil and gas, chemicals, and coal saw significant losses, and sectors like commercial aerospace, photovoltaics, and humanoid robots performed poorly. **09:21** The Hang Seng Index opened down 1.97%, and the Hang Seng Tech Index fell 2.42%. Baidu and Kingdee International fell over 4%. Alibaba, Kuaishou, Bilibili, and Hua Hong Semiconductor dropped over 3%. ### Related Stocks - [TSPC (000554.CN)](https://longbridge.com/en/quote/000554.CN.md) - [LSPG (301111.CN)](https://longbridge.com/en/quote/301111.CN.md) - [RSPC (002493.CN)](https://longbridge.com/en/quote/002493.CN.md) - [Tong Petrotech (300164.CN)](https://longbridge.com/en/quote/300164.CN.md) - [TY PHAR. 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