--- title: "The ChiNext rose over 1%, computing hardware stocks surged, CPO exploded, the Hang Seng Index fell over 1%, NetEase dropped 5%, and the offshore RMB broke through the 6.9 mark" type: "News" locale: "en" url: "https://longbridge.com/en/news/275686623.md" description: "In the morning session, the CPO sector strengthened again, with TFC, Focuslight, Zesum, and T&S rising over 10%, continuing to set historical highs. USISH, AFR, RoboTechnik, and JEPET also followed suit. The non-ferrous tungsten concept continued its strong performance, with ZY-Tungsten hitting the daily limit, and Xianglu Tungsten, CHINATUNGSTEN HIGHTECH, and XTC also rising" datetime: "2026-02-12T08:39:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275686623.md) - [en](https://longbridge.com/en/news/275686623.md) - [zh-HK](https://longbridge.com/zh-HK/news/275686623.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275686623.md) | [繁體中文](https://longbridge.com/zh-HK/news/275686623.md) # The ChiNext rose over 1%, computing hardware stocks surged, CPO exploded, the Hang Seng Index fell over 1%, NetEase dropped 5%, and the offshore RMB broke through the 6.9 mark On February 12, the A-shares fluctuated and rose, with the ChiNext index gaining over 1% in the morning, thanks to significant increases in computing hardware stocks such as CPO and optical chips. "Yi Zhongtian" rebounded significantly, and TFC rose over 10%. AI application concept stocks continued to adjust collectively. The Hong Kong stock market opened lower and continued to decline, with the Hang Seng Index dropping over 1%, and tech stocks falling across the board, with NetEase down 5%. AI large model stocks rose, with Zhizhu and MiniMax-WP leading the gains. In the bond market, government bond futures fluctuated and rose. In terms of commodities, most domestic commodity futures rose, with lithium carbonate up over 3%, while platinum and palladium fell against the trend. Core market performance: > **A-shares**: As of the time of writing, the Shanghai Composite Index fell 0.10%, the Shenzhen Component Index rose 0.48%, and the ChiNext Index rose 1.16%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index fell 0.81%, and the Hang Seng Tech Index fell 1.51%. > > > > **Bond market**: Government bond futures fluctuated and rose. As of the time of writing, the 30-year main contract fell 0.01%, the 10-year main contract was flat, the 5-year main contract rose 0.01%, and the 2-year main contract was flat. > > > > **Commodities**: Most domestic commodity futures rose. As of the time of writing, lithium carbonate rose nearly 4%, Shanghai nickel rose over 2%, the shipping index, Shanghai tin, and fuel oil rose over 1%, while Shanghai silver, eggs, Shanghai copper, soybean meal, stainless steel, pulp, iron ore, coking coal, caustic soda, Shanghai aluminum, alumina, rubber, ferrosilicon, coking coal, and Shanghai gold all rose. Glass, rebar, asphalt, industrial silicon, hot-rolled coils, polysilicon, platinum, and rapeseed fell, with palladium down over 1%. > > **09:55** Zhizhu rose in early trading in Hong Kong after the company raised the package prices for its AI coding subscription plan, GLM Coding Plan, with an overall increase starting at 30%. Zhizhu announced on Wednesday that it will officially launch the new generation AI model GLM-5 on Thursday, aimed at handling complex programming and agent tasks, and has conducted direct benchmarking tests against Anthropic's Claude Opus series **09:48** In the morning session, the CPO sector strengthened again, with TFC, Focuslight, Zesum, and T&S rising over 10%, setting new historical highs, while USISH, AFR, RoboTechnik, and Jiepu also followed suit. On the news front, CITIC Securities research report pointed out that CPO is accelerating. Lumentum recently stated that the company has received hundreds of millions of dollars in CPO-related orders, expecting CPO revenue to be about $50 million in Q4 2026, with an explosion in the first half of 2027. **09:46** The non-ferrous tungsten concept continues to be strong, with ZY-Tungsten hitting the daily limit, and Xianglu Tungsten, CHINATUNGSTEN HIGHTECH, and XTC following suit. On the news front, in the past two weeks, the price of black tungsten concentrate has risen by 25.19% to 671,000 yuan/ton, and the price of ammonium paratungstate has risen by 24.68% to 985,000 yuan/ton. **09:43** The offshore RMB against the US dollar broke through the 6.90 mark, **the first time since April 2023.** **** **09:40** The ChiNext index rose over 1%. CPO and other computing hardware stocks were repeatedly active, with Focuslight rising over 10%, TFC rising over 7%, both setting historical highs, while T&S, Jiepu, LianTe Technology, and Longbridge followed suit. **09:37** The Hang Seng Technology Index fell 1% during the session. NetEase dropped nearly 5% after announcing its financial report. **09:21** The Hang Seng Index opened down 0.2%, and the Hang Seng Technology Index fell 0.47%. WuXi Biologics and Zijin Mining rose over 2%; most tech stocks fell, with Meituan, Baidu Group, and Tencent Holdings dropping over 2%. ### Related Stocks - [TFC (300394.CN)](https://longbridge.com/en/quote/300394.CN.md) - [RoboTechnik (300757.CN)](https://longbridge.com/en/quote/300757.CN.md) - [T&S (300570.CN)](https://longbridge.com/en/quote/300570.CN.md) - [CHINATUNGSTEN HIGHTECH (000657.CN)](https://longbridge.com/en/quote/000657.CN.md) - [ZY-Tungsten (002378.CN)](https://longbridge.com/en/quote/002378.CN.md) - [AFR (300620.CN)](https://longbridge.com/en/quote/300620.CN.md) - [Xianglu Tungsten (002842.CN)](https://longbridge.com/en/quote/002842.CN.md) - [Focuslight (688167.CN)](https://longbridge.com/en/quote/688167.CN.md) - [ChiNext (399006.CN)](https://longbridge.com/en/quote/399006.CN.md) - [XTC (600549.CN)](https://longbridge.com/en/quote/600549.CN.md) - [Zesum (301486.CN)](https://longbridge.com/en/quote/301486.CN.md) - [USISH (601231.CN)](https://longbridge.com/en/quote/601231.CN.md) - [Harvest CNI Communication ETF (159695.CN)](https://longbridge.com/en/quote/159695.CN.md) - [ChinaAMC CSI 5G Communication ETF (515050.CN)](https://longbridge.com/en/quote/515050.CN.md) - [Guotai CSI All Share Communications Equipment ETF (515880.CN)](https://longbridge.com/en/quote/515880.CN.md) - [Tianhong CSI Computer Theme ETF (159998.CN)](https://longbridge.com/en/quote/159998.CN.md) - [E Fund CSI Telecom Thematic ETF (563010.CN)](https://longbridge.com/en/quote/563010.CN.md) - [GF Fund CNI Communication ETF (159507.CN)](https://longbridge.com/en/quote/159507.CN.md) ## Related News & Research - [China five-year plan: China will adopt extraordinary measures to promote decisive breakthroughs in key core technologies](https://longbridge.com/en/news/277878091.md) - [Tech sovereignty and AI networks set to dominate mobile meet](https://longbridge.com/en/news/277443993.md) - [06:59 ETMWC 2026 | Fibocom und MediaTek stellen Flaggschiff-Wi-Fi-8-CPE-Lösung vor](https://longbridge.com/en/news/277774050.md) - [AI Roles, Pay Jump at Shanghai’s First College Graduate Jobs Fair of 2026](https://longbridge.com/en/news/277624607.md) - [Lenovo Unveils Adaptive Ai Pcs, Modular Concepts, and Lenovo Qira Rollout At Mwc 2026](https://longbridge.com/en/news/277485066.md)