--- title: "The ChiNext index fluctuated and rose, the \"three oil giants\" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly" type: "News" locale: "en" url: "https://longbridge.com/en/news/277707360.md" description: "In the morning session, the shipping sector fell sharply, with nearly 10 stocks including COSCO SHIPPING Energy, Cosco Shipping Specialized, CMES, COSCO SHIPPING Development, Lianyungang Port, and Phoenix Shipping hitting the daily limit down, while Air China Cargo once dropped nearly 30%. The precious metals concept collectively weakened, with SC GOLD hitting the daily limit down, Xiaocheng Technology dropping over 10%, ZHAOJIN GOLD opening at the daily limit down price, and WESTERN REGION GOLD, Hunan Gold, Hunan Silver, CHIFENG GOLD, and SD GOLD opening significantly lower" datetime: "2026-03-04T08:46:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277707360.md) - [en](https://longbridge.com/en/news/277707360.md) - [zh-HK](https://longbridge.com/zh-HK/news/277707360.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277707360.md) | [繁體中文](https://longbridge.com/zh-HK/news/277707360.md) # The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly A-shares in oil and gas, shipping, and precious metals collectively adjusted, with the "three major oil companies" briefly hitting the daily limit down at the beginning of trading, and gold stocks experiencing a wave of limit downs. In terms of news, the international gold market faced a fierce sell-off overnight, briefly falling below the $5,000 mark. On March 3rd, A-shares fluctuated and fell, with the three major indices collectively declining at the beginning of trading. Memory concept stocks rebounded, while smart grid and other concept stocks rose. The shipping, oil and gas, and precious metals sectors collectively adjusted. Hong Kong stocks continued to decline, with the Hang Seng Index down over 1%, while tech stocks saw partial rebounds, with Xiaomi rising over 2%. In the bond market, government bond futures mostly fell. In terms of commodities, domestic commodity futures showed divergence, with Shanghai silver down over 6%, and the shipping index continuing to surge over 13%. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index was down 0.79%, the Shenzhen Component Index was up 0.01%, and the ChiNext Index was down 0.14%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index was down 1.54%, and the Hang Seng Tech Index was down 0.32%. > > > > **Bond market**: Government bond futures fell across the board. As of the time of writing, the 30-year main contract was down 0.08%, the 10-year main contract was down 0.01%, the 5-year main contract was flat, and the 2-year main contract was up 0.01%. > > > > **Commodities**: Domestic commodity futures showed divergence. As of the time of writing, Shanghai silver was down over 6%, Shanghai tin, platinum, and lithium carbonate were down over 4%, polysilicon was down over 3%, Shanghai gold, rubber, and palladium were down over 2%, the shipping index surged over 13%, fuel oil rose 10%, and glass, coking coal, and stainless steel saw slight increases. > > **09:50** The Hang Seng Tech Index turned positive after briefly falling 1.6% at the beginning of trading. **09:39** In the morning session, the concept of grid equipment rose against the trend, with ShunNa Co., Ltd. and Jicheng Electronics hitting the limit up, and Ankao Zhidian, Shuangjie Electric, and Caneng Power rising over 10%. According to the technology media The Information, in the past few months, the three major regional grid operators in the United States (Texas, Mid-Atlantic, and Midwest grid management departments) have successively approved a total of $75 billion in transmission expansion projects, primarily focused on the construction of a number of 765 kV ultra-high voltage lines, which will become the largest and most powerful power lines in U.S. history. **09:38** China Petroleum's A-shares experienced a flash crash, hitting the daily limit down, and then quickly rebounded, currently turning to a slight increase. The three major oil companies also saw rapid declines, all hitting the daily limit down. **09:26** The Shanghai Composite Index opened down 0.85%, and the ChiNext Index fell 1.19%. Gold and non-ferrous metals led the decline, with chemicals, military industry, and semiconductors also experiencing significant drops. Commercial aerospace, nuclear fusion, photovoltaics, cloud computing, and lithium battery concept stocks adjusted; oil and gas stocks remained strong in parts, while memory chip themes were active against the trend. **09:23** Hong Kong oil and gas stocks continued to rise, with China Gas and PetroChina rising 15%, and Shandong Molong and Zhongyu Energy rising over 14%. **09:21** The Hang Seng Index opened down 1.16%, and the Hang Seng Tech Index fell 1.24%. Zijin Mining dropped over 3%, while XPeng, Alibaba, SMIC, Baidu Group, and JD Health fell over 2%. **09:01** Commodity futures opened, with the main crude oil contract hitting the limit up, fuel oil rising over 12%, LU fuel rising over 9%, liquefied gas rising 6%, and methanol rising over 4%. Shanghai tin fell over 7%, Shanghai silver fell nearly 6%, and rubber and Shanghai gold fell over 3%. ### Related Stocks - [CMES (601872.CN)](https://longbridge.com/en/quote/601872.CN.md) - [SC GOLD (001337.CN)](https://longbridge.com/en/quote/001337.CN.md) - [COSCO SHIP DEV (02866.HK)](https://longbridge.com/en/quote/02866.HK.md) - [COSL (601808.CN)](https://longbridge.com/en/quote/601808.CN.md) - [KNOWLEDGE ATLAS (02513.HK)](https://longbridge.com/en/quote/02513.HK.md) - [WESTERN REGION GOLD (601069.CN)](https://longbridge.com/en/quote/601069.CN.md) - [Lianyungang Port (601008.CN)](https://longbridge.com/en/quote/601008.CN.md) - [Cosco Shipping Specialized (600428.CN)](https://longbridge.com/en/quote/600428.CN.md) - [PETROCHINA (00857.HK)](https://longbridge.com/en/quote/00857.HK.md) - [COSCO SHIPPING Energy (600026.CN)](https://longbridge.com/en/quote/600026.CN.md) - [ZHAOJIN MINING (01818.HK)](https://longbridge.com/en/quote/01818.HK.md) - [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md) - [CHINA OILFIELD (02883.HK)](https://longbridge.com/en/quote/02883.HK.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [CHIFENG GOLD (600988.CN)](https://longbridge.com/en/quote/600988.CN.md) - [COSCO SHIPPING Development (601866.CN)](https://longbridge.com/en/quote/601866.CN.md) - [COSCO SHIP ENGY (01138.HK)](https://longbridge.com/en/quote/01138.HK.md) - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [SINOPEC CORP (00386.HK)](https://longbridge.com/en/quote/00386.HK.md) - [CNOOC (600938.CN)](https://longbridge.com/en/quote/600938.CN.md) - [Sinopec Corp. (600028.CN)](https://longbridge.com/en/quote/600028.CN.md) - [PETROCHINA (601857.CN)](https://longbridge.com/en/quote/601857.CN.md) - [Hunan Gold (002155.CN)](https://longbridge.com/en/quote/002155.CN.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/en/quote/518850.CN.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) - [A DOO AI (03413.HK)](https://longbridge.com/en/quote/03413.HK.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) ## Related News & Research - [CNOOC's Actual Controller Boosts Shareholding](https://longbridge.com/en/news/277784378.md) - [CNOOC Group Lifts Stake in CNOOC Limited to Over 62%](https://longbridge.com/en/news/277780202.md) - [PetroChina responds to unusual share price moves](https://longbridge.com/en/news/277621363.md) - [China Merchants Energy Shipping warns of market overheating, irrational speculation](https://longbridge.com/en/news/277604677.md) - [CNOOC Says Unaware of Reason for Share Price Movement](https://longbridge.com/en/news/277741273.md)