According to a Wallstreetcn.com article, dragged down by the sharp decline in US stocks last Friday, coupled with Iran's rejection of a &#34;ceasefire agreement&#34; over the weekend and the involvement of the Houthi armed forces, as well as reports of the US military planning ground operations and seizing enriched uranium, Asia-Pacific stock markets experienced a significant decline on Monday, with China's A-shares and Hong Kong stocks also falling. Due to the surge in international oil prices, Brent crude oil broke through $115/barrel, and A-share oil and gas stocks and crude oil futures rose against the trend.
On March 30th, A-shares opened lower across the board, with the three major indices maintaining their decline in early trading. The ChiNext Index fell by nearly 1%, while oil and gas, coal, and non-ferrous metal sectors rose. The aluminum industry concept stocks exploded, as aluminum plants related to the US in the UAE and Bahrain were attacked, causing power stocks to collectively plummet, with photovoltaic and other sectors leading the declines.
Hong Kong stocks also opened lower, with the Hang Seng Tech Index and the Hang Seng Index both falling significantly. The Hang Seng Tech Index dropped by nearly 3%, and technology stocks generally declined, with Baidu and SMIC falling by over 4%. In the bond market, government bond futures rose across the board. In commodities, most domestic commodity futures rose, with crude oil and fuel oil leading the gains. Core market movements:
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A-shares: As of press time, the Shanghai Composite Index is down 0.49%, the Shenzhen Component Index is down 0.74%, and the ChiNext Index is down 0.88%.
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Hong Kong Stocks: As of press time, the Hang Seng Index is down 1.31%, and the Hang Seng Tech Index is down 2.26%.
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Bond Market: Government bond futures rose across the board. As of press time, the 30-year main contract rose by 0.19%, the 10-year main contract rose by 0.09%, the 5-year main contract rose by 0.08%, and the 2-year main contract rose by 0.04%.
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Commodities: Domestic commodity futures generally rose. As of press time, fuel oil and crude oil surged over 5%, lithium carbonate and Shanghai aluminum rose over 3%, asphalt, Shanghai tin, platinum, manganese silicon, and Shanghai gold rose more than 1%. Glass, Shanghai silver, alumina, palladium, coking coal, rebar, coke, iron ore, hot-rolled coil, and pulp saw small gains, while stainless steel, shipping index, rubber, Shanghai copper, Shanghai nickel, industrial silicon, eggs, and caustic soda declined.
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09:57
Fiberglass concept stocks were active against the trend, with Honghe Technology touching the daily limit, and International Composite, Jin'an Guoji, Shandong Fiberglass, Sinoma Technology, and Fulihua following suit.
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On the news front, Tianfeng Securities research report stated that NVIDIA's new architecture launch will drive a 2-3 fold increase in PCB usage and a 4-5 fold increase in value. LPU and CPU cabinets will be fully upgraded to M9 level materials, leading to a surge in demand for low dielectric and low expansion special electronic fabrics for high-multilayer backplanes.
09:54
Commercial aerospace concept stocks performed actively, with Aerospace Power hitting the daily limit, and UltraJet Industries and Shenjian Co., Ltd. both rising over 5%. Tianyin Electric, China Satcom, China Spacesat, Tongyu Communication, and Zhenlei Technology followed.
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On the news front, the chairman of Galactic Energy stated that Galactic Energy's launch orders are fully booked until 2028, with a robust pipeline of missions. The liquid reusable rocket &#34;Zhi Shen Xing 1&#34; is also scheduled for its maiden flight soon.
09:50
Power stocks fell sharply in morning trading, with Huadian Energy, Jinkong Power, Jinkai New Energy, and Zhongmin Energy among others hitting the daily limit.
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09:45
Hong Kong-listed BYD Company reversed its morning decline and turned to a 1% gain.
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On the news front, according to a Wallstreetcn.com article, the latest financial report shows that BYD's full-year revenue for 2025 reached a historical high of 803.965 billion yuan, a year-on-year increase of 3.46%; net profit attributable to the parent company was 32.619 billion yuan, a year-on-year decrease of 18.97%. Sales of new energy vehicles reached 4.6 million units, maintaining the top spot globally for four consecutive years. The export of complete vehicles exceeded 1 million units for the first time, a year-on-year increase of 140%.
09:37
Chemical stocks fluctuated actively, with Jinmei Technology achieving its third consecutive daily limit, Weiyuan Shares rising over 8%, Jiangsu Suopu, Liuhua Shares, Hongxing Development, and Jinniu Chemical following.
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On the news front, according to data from Biosino and industry sources, prices of key chemical products have significantly increased. Methanol prices in the Southwest market have risen by about 38.9% since the end of February, and bromine quotations have increased by over 50% within the month. Fertilizers such as urea and potassium fertilizer have also seen widespread price increases since March.
09:35
The coal sector strengthened in morning trading, with ZCE hitting the daily limit, Shaanxi Heimao approaching the daily limit, and YNCE, GANSU EC, DYEC, and ANTAI GROUP all rising.
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09:29
The non-ferrous aluminum sector surged at the open, with Minfa Aluminium, YeChiu Resources, ALCHA, and TIANSHAN ALUMINUM hitting the daily limit, and Yunnan Aluminium, NANSHAN ALUMINIUM, LIYUAN, and Huafon Aluminium rising over 5%.
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According to a Xinhua News Agency report, Iran used missiles and drones to &#34;effectively&#34; strike US-related aluminum plants in the UAE and Bahrain.
09:26
The Shanghai Composite Index opened 0.75% lower, and the ChiNext Index fell 1.26%. Memory, CPO and other computing power hardware concepts led the decline. AI computing power, semiconductors, URB, financial technology, photovoltaic, and commercial aerospace concept stocks saw significant drops; oil and gas, coal, and non-ferrous metal sectors strengthened.
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09:21
The Hang Seng Index opened 1.68% lower, and the Hang Seng Tech Index fell 2.78%. Baidu Group, BYD Company, XPeng Inc., and Haier Smart Home fell over 4%, while SMIC and Alibaba fell over 3%. China Hongqiao rose over 6%.
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002532

601702

600403

Non-ferrous aluminum stocks surged at the open, with Minfa Aluminium, YeChiu Resources, ALCHA, and TIANSHAN ALUMINUM hitting the daily limit. Yunnan Aluminium, NANSHAN ALUMINIUM, LIYUAN, and Huafon Aluminium rose over 5%. The coal sector strengthened in morning trading, with ZCE hitting the daily limit, Shaanxi Heimao approaching the daily limit, and YNCE, GANSU EC, DYEC, and ANTAI GROUP all rising

- Asian Pacific stock markets experienced significant declines on March 30, following a drop in U.S. stocks and escalating geopolitical tensions involving Iran and Houthi forces.  
- Chinese A-shares and Hong Kong stocks also fell, with key indices like the Shanghai Composite and Hang Seng Index reporting losses of 0.49% and 1.31% respectively.  
- Despite the overall downtrend, sectors such as oil, gas, and coal saw gains, with Brent crude oil prices exceeding $115 per barrel.

Wallstreetcn

TIANSHAN ALUMINUM

Huafon Aluminium

DYEC

Shaanxi Heimao

Minfa Aluminium

GANSU EC

ANTAI GROUP

YeChiu Resources

ALCHA

YNCE

LIYUAN

NANSHAN ALUMINIUM

Yunnan Aluminium

MEITUAN

A and H Shares Open Sharply Lower: ChiNext Down Over 1%, Photovoltaics and Power Stocks Fall Together, Oil and Gas Rise Against Trend, Hang Seng Tech Index Down Nearly 3%, Tech Stocks Broadly Decline