--- title: "The three major A-share indices all turned down, oil and gas stocks continued to surge, military industry collectively adjusted, the Hang Seng Index and Hang Seng TECH Index opened high and then fell, and non-ferrous metals plummeted" description: "The three major A-share indices opened higher in the morning but collectively turned down, with the Shanghai Composite Index falling 0.53%, the Shenzhen Component Index dropping 1.23%, and the ChiNext" type: "news" locale: "en" url: "https://longbridge.com/en/news/277548762.md" published_at: "2026-03-03T02:12:08.000Z" --- # The three major A-share indices all turned down, oil and gas stocks continued to surge, military industry collectively adjusted, the Hang Seng Index and Hang Seng TECH Index opened high and then fell, and non-ferrous metals plummeted > The three major A-share indices opened higher in the morning but collectively turned down, with the Shanghai Composite Index falling 0.53%, the Shenzhen Component Index dropping 1.23%, and the ChiNext Index decreasing 0.35%. Oil and gas stocks continued to rise, the shipping sector performed strongly, while military and precious metals sectors experienced adjustments. The Hong Kong Hang Seng Index fell 0.38%, and the Hang Seng TECH Index dropped 0.72%. In the bond market, government bond futures fluctuated and rose. Most domestic commodity futures declined, the shipping index and fuel surged, while lithium carbonate plummeted over 10% A-shares oil and gas stocks continue to surge. According to CCTV News, U.S. Secretary of Defense Lloyd Austin confirmed on Monday that U.S. troops have not yet been deployed on the ground in Iran, but he also stated that no options are off the table. On March 3rd, the three major A-share indices opened higher in the morning, with the Shanghai Composite Index approaching 4,200 points, but then retreated. Currently, the Shanghai Composite Index and the Shenzhen Component Index have turned negative, while oil and gas stocks continue to surge, and the shipping sector also maintains its upward momentum. Aerospace and military industry, as well as precious metals sectors, are experiencing adjustments. Photovoltaic inverters, CPO, and other concept stocks are active. Hong Kong stocks opened high but fell back, with the Hang Seng Index and the Hang Seng TECH Index both experiencing collective declines after an early surge, while most tech stocks rebounded. In the bond market, government bond futures fluctuated and rose. In terms of commodities, most domestic commodity futures fell, while the shipping index and fuel surged. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index is down 0.53%, the Shenzhen Component Index is down 1.23%, and the ChiNext Index is down 0.35%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index is down 0.38%, and the Hang Seng TECH Index is down 0.72%. > > > > **Bond market**: Government bond futures fluctuated and rose. As of the time of writing, the 30-year main contract is up 0.05%, the 10-year main contract is down 0.01%, the 5-year main contract is flat, and the 2-year main contract is up 0.01%. > > > > **Commodities**: Domestic commodity futures are generally rising. As of the time of writing, the shipping index and fuel have both hit the limit up, while asphalt, Shanghai gold, Shanghai aluminum, soybean meal, alumina, ferrosilicon, rapeseed, rubber, etc., have risen. Coke, pulp, coking coal, stainless steel, rebar, caustic soda, etc., have fallen, with eggs and glass down over 1%. Palladium, Shanghai silver, platinum, and Shanghai tin have seen significant declines, and lithium carbonate has plummeted over 10%. > > **09:58** The military industry sector is experiencing fluctuations and adjustments, with drones and military information technology leading the decline. Hangya Technology is down over 10%, while Huayin Technology, Aerospace Huanyu, Northern Long Dragon, Zhanpeng Technology, Jianghang Equipment, and Zhongwu Drone are among the biggest losers. **09:54** The three major indices collectively turned red, with the ChiNext Index initially rising over 1%. Sectors such as non-ferrous metals, precious metals, military industry, and rare earths saw significant declines, with over 3,200 stocks falling in the Shanghai, Shenzhen, and Beijing markets. **09:48** In the early session, the computing power leasing concept fluctuated and strengthened, with YN Energy Holdings achieving 9 consecutive limit-ups. Previously, Runjian Co., Ltd. hit the limit, and stocks like Zhiwei Intelligent, Xiexin Energy, Nanfang Digital, and Tuowei Information followed suit. On the news front, data shows that China's model weekly call volume surged to 51.6 trillion Tokens from February 16 to 22, a 127% increase over three weeks, surpassing the 27 trillion Tokens in the same period in the United States. Among the top 5 global models by call volume, China occupies four spots: MiniMax M2.5, KimiK2.5, GLM-5, and DeepSeek V3.2, contributing a total of 85.7%. **09:33** The SSE Index broke through the January high in the early session, reaching a new 10-year high, with an increase of over 5.5% year-to-date. **09:27** Oil and gas stocks continued to surge, with Shandong Molong, Zhun Oil Co., and Sinopec Oilfield Service achieving two consecutive limit-ups. Tongyuan Petroleum approached the limit, and Keli Co. rose over 10%. **09:26** The SSE Index opened up 0.16%, and the ChiNext Index rose 0.68%. Oil and gas stocks continued to rally, with Tongyuan Petroleum and Zhongman Petroleum hitting the limit; the gas, shipping, and optical fiber sectors led the gains. Gold and rare metals sectors adjusted. **09:21** The Hang Seng Index opened up 0.5%, and the Hang Seng TECH Index rose 0.58%, with SenseTime, NetEase, Alibaba, Hua Hong Semiconductor, and SMIC leading the gains. Oil and gas stocks continued to strengthen, with Shandong Molong rising nearly 15% and Sinopec Oilfield Service rising nearly 9%. **09:18** The central parity rate of the RMB against the USD rose by 148 points to 6.9088, reaching a new high since May 4, 2023 **09:05** The main contract for domestic fuel oil futures once hit the daily limit, with an increase of 12%. **09:02** The main contracts for domestic shipping European routes and crude oil futures hit the daily limit. Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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