--- title: "The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active" description: "The rare earth permanent magnet concept strengthened, with BSU hitting the daily limit, and CNRE, Earth-Panda, SHRC, Galaxy Magnets, and Tianhe Magnets following suit. In the early session, the space " type: "news" locale: "en" url: "https://longbridge.com/en/news/277130052.md" published_at: "2026-02-27T06:14:10.000Z" --- # The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active > The rare earth permanent magnet concept strengthened, with BSU hitting the daily limit, and CNRE, Earth-Panda, SHRC, Galaxy Magnets, and Tianhe Magnets following suit. In the early session, the space photovoltaic concept rebounded, with Drinda hitting the daily limit, and Jiawei Energy, Fusion, EGing PV, Risen Energy, and DKEM also rising Computing hardware stocks collectively adjusted, with Nvidia experiencing a significant drop overnight, plunging 5.7% during trading, marking the largest intraday decline in three months. Wall Street Journal mentioned that despite Nvidia's latest quarterly revenue increasing by 73% year-on-year and first-quarter guidance exceeding market expectations, the company's outlook failed to alleviate investors' concerns about the sustainability of AI spending. On February 27, A-shares fluctuated and fell, with all three major indices declining collectively, the ChiNext dropping over 1%. Computing hardware stocks adjusted, with CPO, PCB, and other sectors leading the decline, primarily influenced by Nvidia's drop overnight. The non-ferrous metals and rare earth sectors rose, continuing to be driven by price increases. Hong Kong stocks rebounded, with the Hang Seng Index and the Hang Seng Tech Index both rising, most tech stocks increased, and the biotechnology index surged, with WuXi Biologics rising over 4%. In the bond market, government bond futures mostly rose. In commodities, domestic commodity futures saw widespread declines, with alumina dropping over 3%, and coking coal and coke also falling. Core market trends: > **A-shares**: As of the time of publication, the Shanghai Composite Index rose 0.13%, the Shenzhen Component Index fell 0.36%, and the ChiNext Index fell 1.13%. > > > > **Hong Kong stocks**: As of the time of publication, the Hang Seng Index rose 0.57%, and the Hang Seng Tech Index rose 0.51%. > > > > **Bond market**: Government bond futures fluctuated upward, as of the time of publication, the 30-year main contract rose 0.02%, the 10-year main contract remained flat, the 5-year main contract rose 0.01%, and the 2-year main contract rose 0.01%. > > > > **Commodities**: Domestic commodity futures saw widespread declines, as of the time of publication, alumina dropped over 3%, coking coal, lithium carbonate, and polysilicon dropped over 2%, fuel oil, industrial silicon, coke, Shanghai nickel, stainless steel, pulp, and caustic soda dropped over 1%, while Shanghai silver, rubber, Shanghai aluminum, hot-rolled coil, and others also fell. > > **09:52** The rare earth permanent magnet concept strengthened, with BSU hitting the daily limit, and CRENM, Earth-Panda, SHRC, CNRE, Galaxy Magnets, and Tianhe Magnets following suit. In terms of news, the price of praseodymium and neodymium metals rose by 40,000 yuan/ton to 1.08 million yuan/ton, and the price of praseodymium and neodymium oxide increased by 5,000 yuan/ton to 882,500 yuan/ton. **09:36** In the early session, the space photovoltaic concept rebounded, with Drinda hitting the daily limit, and Jiawei Energy, Fusion, EGing PV, Risen Energy, and DKEM following suit. In terms of news, GF Securities stated that AI giants are competing fiercely, and "computing power going to the sky" has become a consensus. Driven by the consensus of "computing power going to the sky," space photovoltaics, as a major energy supply form, are expected to benefit significantly. It is estimated that in the future, it is expected to bring a market space of hundreds of billions for photovoltaic equipment. **09:29** Computing power concept stocks adjusted at the beginning of the session, with TeFa Information nearing the daily limit down, and Changfei Fiber, Tianfu Communication, Guangku Technology, Changxin Bochuang, Robotec, Dekeli, and others opening lower. **09:26** The Shanghai Composite Index opened down 0.43%, the ChiNext Index fell 1.23%, with the optical module, fiberglass, and optical communication sectors leading the declines. **09:21** The Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index opened up 0.15%. WuXi Biologics rose nearly 5% leading the blue chips, while Baidu Group fell over 1%. 09:01 Commodity futures opened, with the main contract for Shanghai tin rising over 2%. Aluminum oxide fell over 3%, while PVC, lithium carbonate, palladium, Shanghai silver, and plastics fell over 2%. ### Related Stocks - [600010.CN - BSU](https://longbridge.com/en/quote/600010.CN.md) - [600392.CN - SHRC](https://longbridge.com/en/quote/600392.CN.md) - [300317.CN - Jiawei Energy](https://longbridge.com/en/quote/300317.CN.md) - [600259.CN - CRENM](https://longbridge.com/en/quote/600259.CN.md) - [300118.CN - Risen Energy](https://longbridge.com/en/quote/300118.CN.md) - [600537.CN - EGing PV](https://longbridge.com/en/quote/600537.CN.md) - [002865.CN - Drinda](https://longbridge.com/en/quote/002865.CN.md) - [300842.CN - DKEM](https://longbridge.com/en/quote/300842.CN.md) - [600111.CN - CNRE](https://longbridge.com/en/quote/600111.CN.md) - [300127.CN - Galaxy Magnets](https://longbridge.com/en/quote/300127.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | China's Li inspects rare earth facilities, hints at leverage in US rivalry | China's Premier Li Qiang inspected rare earth facilities in Jiangxi, signaling intensified competition with the U.S. ove | [Link](https://longbridge.com/en/news/275529996.md) | | Shenghe Resources Expects 2025 Profit to Surge Up to 339% | Shenghe Resources Expects 2025 Profit to Surge Up to 339% | [Link](https://longbridge.com/en/news/274268397.md) | | Japan says rare earth found in sediment retrieved on deep-sea mission | Japan's deep-sea drilling vessel Chikyu has retrieved sediment containing rare earth elements from a depth of 6,000 mete | [Link](https://longbridge.com/en/news/274457205.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.