On March 27, after opening lower, A-shares staged a volatile rebound in morning trading. The three major stock indices significantly narrowed their losses early in the session, with the Shanghai Composite Index and the Shenzhen Component Index nearing positive territory. Concepts like CRO and innovative drugs saw strong rallies, while computing hardware sectors such as memory and optical communications continued to adjust. Hong Kong stocks also moved higher, with the Hang Seng Index and the Hang Seng Tech Index narrowing their declines. Tech stocks were mixed, and new consumption concept stocks rebounded, with POP MART rising over 2% after falling more than 30% in the previous two trading days.
On the bond market, treasury futures fluctuated downwards. In commodities, most domestic commodity futures declined, led by the Container Shipping Index, polysilicon, and Shanghai silver. Core market performance:
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A-shares: As of press time, the Shanghai Composite Index was down 0.19%, the Shenzhen Component Index was down 0.42%, and the GEM Index was down 0.72%.
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Hong Kong Stocks: As of press time, the Hang Seng Index was down 0.46%, and the Hang Seng Tech Index was down 0.61%.
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Bond Market: Treasury futures fell across the board. As of press time, the 30-year main contract fell 0.12%, the 10-year main contract fell 0.01%, the 5-year main contract remained flat, and the 2-year main contract remained flat.
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Commodities: Most domestic commodity futures declined. As of press time, fuel oil, lithium carbonate, and eggs rose more than 1%. A few varieties such as rubber, crude oil, asphalt, industrial silicon, and Shanghai aluminum edged higher. Paper pulp, rapeseed, Shanghai copper, rebar, Shanghai nickel, Shanghai tin, hot-rolled coil, soybean meal, and iron ore fell. Stainless steel, alumina, coke, platinum, Shanghai gold, and coking coal fell more than 1%. Caustic soda and platinum fell 2%, while Shanghai silver, polysilicon, and the Container Shipping Index fell more than 3%.
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09:54
Lithium battery material stocks continued their strong performance in morning trading, with electrolytes and lithium salts leading the gains. Haike Xinyuan rose more than 10%, while Binhai Energy, Yongxing Materials, Rongjie Shares, Hongxing Development, Tianhua New Energy, and Shida Sheng Hua were among the top gainers.
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According to SMM data, China's total energy storage cell production from January to February 2026 was 119.09 GWh, a year-on-year increase of 91%. According to the Dadong Times database, the total planned production for the lithium battery market in March 2026 was approximately 219 GWh, a month-on-month increase of 16.5%. The proportion of energy storage cell production scheduling rose to 40.6%, compared to 37.7% at the beginning of the year.
09:47
Innovative drug concept stocks showed active performance, with JLPC touching the daily limit, Menovo hitting 5 daily limits in 6 days, and Kingchem, Hinova, SDKX, DEZHAN HEALTHCARE, and WBDE following suit.
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09:45
In morning trading, the military industry sector surged; Jianshe Industry hit 2 daily limits in 4 days, while North Long Dragon, GreatWall Military, Jieqiang Equipment, FIRMACO, and Guoke Group climbed.
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On the news front, an AVIC Securities research report suggests that during the &#34;15th Five-Year Plan&#34; period, &#34;new quality combat capabilities&#34; represent a certain development direction. Weapons and equipment are rapidly evolving toward intelligence, precision, and synergy, forming structural incremental demand and driving a new round of enterprise expansion cycles, providing guidance for the sector's long-term growth.
09:38
Power sector stocks saw localized active trading, with Jinkong Electric Power and Guangxi Energy both hitting the daily limit, followed by Shennan Energy A, Yuneng Holdings, Huadian Liaoning Energy, and Oriental New Energy.
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On the news front, the National Energy Administration released national power statistics for January-February 2026. As of the end of February, the national cumulative installed power generation capacity reached 3.95 billion kilowatts, a year-on-year increase of 15.9%.
09:34
Chemical sector stocks were active against the trend in morning trading, with Sully Co., Ltd., Lubei Chemical, and Kingenta hitting the daily limit, Shandong Haihua touching the daily limit, and Luhua Technology, ADAMA A, and Chitianhua following suit.
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On the news front, as March began, geopolitical tensions flared up, compounded by shipping disruptions in the Strait of Hormuz. International crude oil prices continued to climb, driving the overall chemical sector higher.
Public information shows that methanol prices in the Southwest market are around 2,820-3,070 yuan/ton, an increase of 825 yuan/ton compared to the end of February—a staggering 38.9% rise, marking a new price high in nearly three years.
09:26
The Shanghai Composite Index opened 0.95% lower, and the GEM Index fell 1.1%. The computing hardware industry chain declined, with memory, CPO, and high-speed copper interconnects leading the losses. Photovoltaics, semiconductors, AI computing power, Unitree Robotics, and commercial aerospace concept stocks saw significant declines.
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09:21
The Hang Seng Index opened 0.35% lower, and the Hang Seng Tech Index fell 0.44%. AIA Group and Haier Smart Home fell more than 3%, while NIO and XPeng Motors fell more than 2%. BYD Company rose nearly 3%.
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Innovative drug concept stocks showed active performance, with JLPC touching the daily limit, Menovo hitting 5 daily limits in 6 days, and Kingchem, Hinova, SDKX, DEZHAN HEALTHCARE, and WBDE following suit. In morning trading, the military industry sector surged; Jianshe Industry hit 2 daily limits in 4 days, while North Long Dragon, GreatWall Military, Jieqiang Equipment, FIRMACO, and Guoke Group climbed

- On March 27, A-shares opened low but recovered slightly, with key indices reducing losses; various sectors like CRO and innovative pharmaceuticals showed strength, while memory and optical communication hardware adjusted.  
- The bond market saw a downturn, with government bond futures declining, and most domestic commodity futures also fell, particularly for indexes and certain metals.  
- Lithium battery material stocks remained strong, with significant production increases noted for energy storage cells, while innovative drug stocks and military sectors exhibited particular upward movements amidst geopolitical tensions affecting oil prices.

Wallstreetcn

Hinova

JLPC

POP MART

Menovo

SDKX

DEZHAN HEALTHCARE

WBDE

North Long Dragon

Guoke Group

Jieqiang Equipment

Kingchem

FIRMACO

GreatWall Military

Shanghai Composite Nears Positive Territory, Pharmaceutical Stocks Surge, Computing Hardware Stocks Continue to Adjust, HSI Fluctuates Higher, New Consumption Concept Stocks Rebound, POP MART Rises 2%