--- title: "The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively" description: "The shipping sector continues to be strong, with CMES hitting the daily limit again, achieving 3 limit-ups in 4 days and setting a new historical high. COSCO SHIPPING Energy and NJTC also hit the dail" type: "news" locale: "en" url: "https://longbridge.com/en/news/276817100.md" published_at: "2026-02-25T02:24:03.000Z" --- # The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively > The shipping sector continues to be strong, with CMES hitting the daily limit again, achieving 3 limit-ups in 4 days and setting a new historical high. COSCO SHIPPING Energy and NJTC also hit the daily limit, Antong Holdings rose nearly 7%, while Cosco Shipping Specialized, Highton Development, and NBOSCO followed suit. The non-ferrous metal sector strengthened at the beginning of the session, with Yunnan Germanium and NFC hitting the daily limit, while ZY-Tungsten, Yunnan Tin, CNRE, GHNM, and SHRC also saw gains The phosphorus chemical sector continues its strong performance from yesterday, following the announcement by the United States to include elemental phosphorus and glyphosate, among other key herbicides, in the list of critical defense materials. The non-ferrous metal sector saw multiple stocks rise; during the Spring Festival holiday, overseas non-ferrous metals performed strongly overall, with prices of LME tin, nickel, copper, and others rising broadly. On February 25, the A-shares experienced a volatile rise in the morning session, with the three major indices slightly up. The chemical, oil and gas, and shipping sectors continued to rise, while real estate stocks saw unusual surges. Computing hardware stocks generally fell, with memory, optical communication, and CPO sectors leading the decline. The Hong Kong stock market opened higher and maintained its upward trend, with the Hang Seng Index and Hang Seng Tech Index rising. Tech stocks generally rebounded, while large model stocks plummeted, with Zhipu falling over 7% and MINIMAX dropping over 16%. In the bond market, most government bond futures fell. In terms of commodities, domestic commodity futures mostly rose, with lithium carbonate up over 5%. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index rose 0.54%, the Shenzhen Component Index rose 0.49%, and the ChiNext Index rose 0.05%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index rose 0.37%, and the Hang Seng Tech Index rose 0.58%. > > > > **Bond market**: Most government bond futures fell. As of the time of writing, the 30-year main contract rose 0.02%, the 10-year main contract rose 0.01%, the 5-year main contract fell 0.01%, and the 2-year main contract fell 0.02%. > > > > **Commodities**: Domestic commodity futures generally rose. As of the time of writing, lithium carbonate rose over 5%, platinum and palladium rose over 4%, Shanghai tin rose over 3%, rubber rose 2%, and Shanghai nickel, Shanghai silver, coking coal, soybean meal, glass, and stainless steel rose 1%. Pulp, coke, iron ore, rebar, and Shanghai copper also rose. > > **10:02** The decline in Hong Kong large model concept stocks has widened, with MINIMAX-WP down over 15% and Zhipu down over 8%. **09:43** The shipping sector continues its strong performance, with CMES hitting the limit up again, achieving three boards in four days and setting a new historical high. COSCO SHIPPING Energy and NJTC also hit the limit up, Antong Holdings rose nearly 7%, and COSCO Shipping Specialized, Highton Development, and NBOSCO followed suit **09:39** The non-ferrous metal sector strengthened at the beginning of the trading session, with Yunnan Germanium and NFC hitting the daily limit, while ZY-Tungsten, Yunnan Tin, CNRE, GHNM, and SHRC followed suit. **09:34** The film and television cinema concept continued to decline, with Bona Film Group and Hengdian Film falling for two consecutive days, while China Film, Light Media, and Happy Blue Ocean also dropped. **09:30** The phosphorus chemical sector continued its upward trend, with Chengxing Shares hitting the daily limit for two consecutive days, and Hebang Biotechnology, Kingenta, Liuguo Chemical, Hengguang Shares, and Chuanjin Nuo opening higher. **09:26** The Shanghai Composite Index opened up 0.15%, and the ChiNext Index rose 0.15%. The oil and gas, shipping, chemical, and non-ferrous metal sectors strengthened again, with superconductors, PEEK materials, and high-speed copper connection concept stocks active. Hard materials, memory, photovoltaics, AI applications, Yushu Robotics, and outbound tax refund themes weakened. **09:21** The Hang Seng Index opened up 0.58%, reporting 26,745.20 points; the Hang Seng Technology Index rose 0.86%. XPeng rose over 2%, while Hua Hong Semiconductor and SMIC rose over 1%. **09:16** The central parity rate of the RMB against the USD was reported at 6.9321, up 93 points; the previous trading day's central parity rate was 6.9414, reaching a new high since May 11, 2023. The official closing price of the previous trading day was 6.8849, and the night session closed at 6.8812 ### Related Stocks - [600179.CN - Antong Holdings](https://longbridge.com/en/quote/600179.CN.md) - [01138.HK - COSCO SHIP ENGY](https://longbridge.com/en/quote/01138.HK.md) - [601872.CN - CMES](https://longbridge.com/en/quote/601872.CN.md) - [601975.CN - NJTC](https://longbridge.com/en/quote/601975.CN.md) - [600428.CN - Cosco Shipping Specialized](https://longbridge.com/en/quote/600428.CN.md) - [603162.CN - Highton Development](https://longbridge.com/en/quote/603162.CN.md) - [002428.CN - Yunnan Germanium](https://longbridge.com/en/quote/002428.CN.md) - [600111.CN - CNRE](https://longbridge.com/en/quote/600111.CN.md) - [600026.CN - COSCO SHIPPING Energy](https://longbridge.com/en/quote/600026.CN.md) - [000960.CN - Yunnan Tin](https://longbridge.com/en/quote/000960.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 預算案公佈前夕 恒指高開 154 點 阿里美團向上 智譜跌近 6%｜港股開市 | 在美國總統川普即將公布國情諮文之際，港股恆指高開 154 點，報 26745 點。阿里巴巴和美團股價均上漲超過 1%。地產股表現不一，新世界上漲 1.3%，而恆地和長實則小幅下跌。美股三大指數周二收漲，市場對 AI 相關股票表現樂觀，Ant | [Link](https://longbridge.com/en/news/276811925.md) | | 港股即市｜恒指跌 1.65%，科指跌 2.26% 領跌，智譜大漲 13.57%，長飛光纖逆勢走強 | 2 月 24 日港股盤中，三大指數集體走弱，恒生科技指數跌 2.26% 領跌大市。互聯網與零售板塊受壓下行，市場避險情緒升温，騰訊控股跌 3.16%，阿里巴巴跌 2.50%。通信設備板塊表現分化，長飛光纖光纜逆勢漲 3.84%。個股方面，智 | [Link](https://longbridge.com/en/news/276673919.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.