--- title: "The Shanghai Composite Index rose slightly, oil and gas, and chemicals surged again, the Hang Seng Index peaked and then fell back, tech stocks adjusted, and crude oil futures soared by 16%" type: "News" locale: "en" url: "https://longbridge.com/en/news/278807097.md" description: "The MicroLED concept quickly surged, with BOE HC SemiTek rising over 13%, JUFEI, SANAN, Ledman, NATIONSTAR, and Refond also following suit. In the early trading session, the computing power leasing concept was active, with GloryView rising over 10%, setting a new historical high, and State Grid Information & Communication, Yuntian Lifei, Chuangye Heima, Meili Cloud, Qunxing Toys, and Digital China also rising" datetime: "2026-03-12T08:28:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278807097.md) - [en](https://longbridge.com/en/news/278807097.md) - [zh-HK](https://longbridge.com/zh-HK/news/278807097.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278807097.md) | [繁體中文](https://longbridge.com/zh-HK/news/278807097.md) # The Shanghai Composite Index rose slightly, oil and gas, and chemicals surged again, the Hang Seng Index peaked and then fell back, tech stocks adjusted, and crude oil futures soared by 16% A-shares in the oil, gas, and chemical sectors rose again due to ongoing geopolitical conflicts, with the Strait of Hormuz being blocked, and concerns about energy supply disruptions remaining unabated. On March 12, A-shares fluctuated and fell, with the Shanghai Composite Index slightly rebounding in the morning session, while the ChiNext Index opened high but fell, at one point dropping nearly 1%. The oil, gas, chemical, and coal sectors rose again, and power stocks were active. Hong Kong stocks also fluctuated lower, with most tech stocks declining. In the bond market, government bond futures generally rebounded. In commodities, domestic commodity futures rose broadly, with crude oil, fuel, and the shipping index soaring over 10%. Core market performance: > **A-shares**: As of the time of writing, the Shanghai Composite Index rose 0.13%, the Shenzhen Component Index fell 0.26%, and the ChiNext Index fell 0.55%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index fell 0.59%, and the Hang Seng Tech Index fell 0.25%. > > > > **Bond market**: Government bond futures fell across the board. As of the time of writing, the 30-year main contract rose 0.04%, the 10-year main contract was flat, the 5-year main contract was flat, and the 2-year main contract was flat. > > > > **Commodities**: Domestic commodity futures rose broadly. As of the time of writing, crude oil futures rose 16%, fuel rose nearly 15%, the shipping index and caustic soda rose over 10%, and asphalt, glass, coking coal, etc., rose more than 4%. Coking coal, alumina, rapeseed, rubber, industrial silicon, iron ore, pulp, soybean meal, manganese silicon, and Shanghai aluminum rose over 1%. > > **10:06** The main contract for low-sulfur fuel oil futures rose nearly 20%, crude oil rose over 14%, and fuel rose over 13%. **09:34** The MicroLED concept surged rapidly, with BOE HC SemiTek rising over 13%, JUFEI, SANAN, Ledman, NATIONSTAR, and Refond following suit. On the news front, according to the latest survey by TrendForce, with the rise of generative AI, the demand for high-speed transmission in data centers continues to increase. The unit transmission energy consumption of the Micro LED CPO solution is relatively low, which can significantly reduce overall energy consumption to 5% of that of copper cable solutions, and it is expected to become an alternative solution for optical interconnection due to its energy-saving advantages. **09:30** In the early trading session, the computing power leasing concept was active, with GloryView rising over 10%, continuing to set new historical highs, followed by gains in State Grid Information Communication, Yuntian Lifei, Chuangye Heima, Meili Cloud, Qunxing Toys, and Digital China. On the news front, Tencent Cloud announced that starting from March 13, it will adjust the billing prices for some models of its intelligent agent development platform (Tencent Cloud ADP), with increases generally exceeding 400%. **09:28** The chemical sector was repeatedly active, with Sanfangxiang hitting the daily limit, and Jinniu Chemical, Zhongyan Chemical, Jinpu Titanium Industry, Tongkun Co., Zhongtai Chemical, and Yida Co. opening higher. On the news front, on the evening of March 11, chemical futures continued to rise, with paraxylene futures hitting the daily limit, up 13%; the main PTA contract reached the daily limit, up 13.01%; the main bottle chip contract hit the daily limit, up 12%; PVC rose nearly 9%, and ethylene glycol rose over 7%. **09:26** The Shanghai Composite Index opened down 0.01%, while the ChiNext Index rose 0.22%. Rare metals, industrial mother machines, high-speed copper connections, superconductors, liquid-cooled servers, and short drama game concept stocks weakened; chemical stocks surged again, and oil and gas stocks were partially active. **09:21** The Hang Seng Index opened down 0.69%, and the Hang Seng Technology Index fell 0.6%. Most tech stocks declined, with Tencent Music down nearly 4%, Bilibili down over 2%, and Alibaba, Nio, and Kuaishou among the top decliners. **09:01** Commodity futures opened, with paraxylene, PTA, and the main bottle chip contracts hitting the daily limit, LU fuel rising over 14%, crude oil rising over 13%, short fibers rising over 11%, benzene and ethylene glycol rising over 10%, and container shipping European routes and styrene rising over 9%. Shanghai silver fell over 3%. ### Related Stocks - [JUFEI (300303.CN)](https://longbridge.com/en/quote/300303.CN.md) - [BOE HC SemiTek (300323.CN)](https://longbridge.com/en/quote/300323.CN.md) - [NATIONSTAR (002449.CN)](https://longbridge.com/en/quote/002449.CN.md) - [Refond (300241.CN)](https://longbridge.com/en/quote/300241.CN.md) - [GloryView (301396.CN)](https://longbridge.com/en/quote/301396.CN.md) - [Ledman (300162.CN)](https://longbridge.com/en/quote/300162.CN.md) - [SANAN (600703.CN)](https://longbridge.com/en/quote/600703.CN.md) ## Related News & Research - [13:46 ETNanchang Optoelectronic Industry Cluster brilla en ISLE 2026](https://longbridge.com/en/news/278597263.md) - [Sanan Optoelectronics' Q3 Loss Narrows; Shares Down 4%](https://longbridge.com/en/news/263208553.md) - [What to Do If You Chip a Tooth While Traveling in North Miami, FL](https://longbridge.com/en/news/277807779.md) - [Micron To Rally Around 42%? 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