The conflict between the U.S. and Iran continues to escalate, with Brent crude oil closing above $100 per barrel for the first time since August 2022, while domestic crude oil futures surged over 7%.
On March 13, the A-shares experienced fluctuations and consolidation, with the Shanghai Composite Index slightly declining in the morning session, while the Shenzhen Component Index and ChiNext Index saw moderate increases. The new energy industry chain exploded, with lithium batteries, lithium extraction from salt lakes, and power batteries rising, while AI computing power dropped significantly, and sectors such as aerospace, military industry, and petrochemicals fell. The Hong Kong stock market showed mixed fluctuations, with both the Hang Seng Index and the Hang Seng Tech Index dropping nearly 1% in the morning session. The Hang Seng Tech Index rebounded from a low and turned positive, while tech stocks recovered, and &#34;lobster&#34; concept stocks fell across the board, with the semiconductor and pharmaceutical biotechnology sectors declining.
In the bond market, government bond futures generally fell. In terms of commodities, most domestic commodity futures rose, with crude oil up over 7%, and iron ore and lithium carbonate also increasing. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index rose 0.05%, the Shenzhen Component Index rose 0.38%, and the ChiNext Index rose 0.59%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3d0e4e9e-e38c-4196-ad3d-8d1198557eac.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3d0e4e9e-e38c-4196-ad3d-8d1198557eac.png"/>
Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.18%, and the Hang Seng Tech Index rose 0.30%.
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Bond market: Government bond futures fell across the board. As of the time of writing, the 30-year main contract fell 0.08%, the 10-year main contract fell 0.05%, the 5-year main contract fell 0.01%, and the 2-year main contract fell 0.01%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6a27f5e1-86a2-4d5e-9d5a-60b7c9c864f7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6a27f5e1-86a2-4d5e-9d5a-60b7c9c864f7.png"/>
Commodities: Domestic commodity futures rose broadly. As of the time of writing, crude oil rose over 7%, iron ore, lithium carbonate, soybean meal, coking coal, and aluminum oxide rose over 2%, while most varieties such as fuel oil, rapeseed, coke, glass, ferrosilicon, caustic soda, palladium, polysilicon, hot-rolled coils, rebar, eggs, Shanghai nickel, and industrial silicon also increased. Shanghai gold and Shanghai silver fell, and the shipping index dropped over 2%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6e191917-8b5f-4d48-966f-3f735cefac5e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6e191917-8b5f-4d48-966f-3f735cefac5e.png"/>
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10:07
The A-share satellite navigation sector saw a short-term surge, with BDStar hitting the daily limit, and UniStrong, ADDSINO, Hi-Target, and Liujin Technology also rising in the short term. Previously, according to Xinhua News Agency, China will implement on-orbit upgrades to the BeiDou satellite navigation system.
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10:06
The three major indices have collectively turned positive. The sectors of phosphorus chemical, lithium batteries, steel, and coal are leading the gains, with over 3,200 stocks rising in the Shanghai, Shenzhen, and Beijing markets.
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09:48
In the early trading session, the wind power equipment sector continued its strong performance, with Tongyu Heavy Industry rising over 10% at one point, followed by Dajin Heavy Industry, Tianneng Heavy Industry, Goldwind Technology, Zhenjiang Co., Ltd., and Shuangyi Technology.
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In news, the UK will eliminate import tariffs on 33 wind power components starting April 1, with tax rates on core components such as blades and cables dropping from 6% and 2% to 0%, aiming to release £22 billion in investments and accelerate the deployment of offshore wind installations in the North Sea.
09:41
The chemical sector has been repeatedly active, with LuHua Technology hitting the limit up for two consecutive days, and Kingenta, XINGHUA CHEMISTRY, and HELON also reaching the limit up. Chuanjinno, JINNIU CHEMICAL, Jinrui Mining, and SCMF are among the top gainers.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/62cba009-839c-434c-8e05-ec8753e6be99.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/62cba009-839c-434c-8e05-ec8753e6be99.png"/>
09:33
The coal sector continues to be strong, with Zhengzhou Coal Electricity hitting the limit up for two consecutive days, followed by Yanzhou Coal Mining, Shanxi Coking Coal, Shaanxi Black Cat, and Dayou Energy.
In news, Changjiang Securities estimates that if the Strait of Hormuz is blocked for a long time, global coal demand for electricity could increase by 84.86 million tons annually; if China's coal chemical facilities operate at full capacity, this alone could drive domestic coal consumption up by nearly 50 million tons.
09:26
The Shanghai Composite Index opened down 0.28%, and the ChiNext Index fell 0.63%. CPO, semiconductor equipment, high-speed copper connections, photovoltaics, superhard materials, cybersecurity, nuclear fusion, gold, and AI computing concept stocks all declined, while oil and gas, wind power, and coal sectors strengthened.
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09:21
The Hang Seng Index opened down 0.52%, at 25,583.55 points; the Hang Seng Technology Index fell 0.42%. Li Auto, Horizon Robotics, and BYD Electronics all dropped over 1%.
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09:01
Energy commodities led the gains, with crude oil rising 6.33%; all black series commodities increased, with iron ore up 2.14%; all oilseeds and oils rose, with soybean meal up 1.82%; most non-metal building materials increased, with glass up 0.71%; most new energy materials rose, with lithium carbonate up 0.55%;
Most base metals fell, with Shanghai tin down 0.80%; all precious metals declined, with Shanghai gold down 0.75%; shipping futures all fell, with the container shipping index (European line) down 0.15%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5039cbc2-91a1-44e7-a5f7-8aa1f8ec5edd.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5039cbc2-91a1-44e7-a5f7-8aa1f8ec5edd.png"/>

002109

600722

002470

The chemical sector has been repeatedly active, with SLCT achieving a two-day consecutive limit-up, Kingenta, XINGHUA CHEMISTRY, and HELON hitting the daily limit, while KMCJNC, JINNIU CHEMICAL, Jinrui Mining, and SCMF saw significant gains. The A-share satellite navigation sector experienced a short-term surge, with BDStar reaching the daily limit, and UniStrong, ADDSINO, Hi-Target, and Liujin Technology also rising sharply. Previously, according to Xinhua News Agency, China will implement on-orbit upgrades to the BeiDou satellite navigation system

Wallstreetcn

XINGHUA CHEMISTRY

JINNIU CHEMICAL

Kingenta

BDStar

SCMF

Jinrui Mining

HELON

UniStrong

ADDSINO

Hi-Target

KMCJNC

SLCT

A-shares fluctuated higher, with all three major indices turning positive. The lithium battery industry chain surged, and the Hang Seng Index rebounded from a low to rise, while semiconductors fell across the board