--- title: "AH shares pulled back, the Sci-Tech Innovation Index and the Hang Seng Tech Index fell nearly 2%, while A-share Xiaomi automotive concept stocks rose against the trend, and government bond futures showed divergence" type: "News" locale: "en" url: "https://longbridge.com/en/news/230005710.md" description: "A-share Xiaomi automotive concept stocks opened sharply higher, with JINRONG TIANYU and Kaizhong Co., Ltd. hitting the daily limit, Hi-Tech rising over 10%, and companies like Fute Technology and WOTE opening collectively higher. In the news, Xiaomi officially launched the SU7 Ultra on the 27th, priced at 529,900 yuan, significantly lower than the pre-sale price of 814,900 yuan disclosed by Xiaomi last year. Lei Jun stated that the sales target for the Xiaomi SU7 Ultra this year is 10,000 units, and he expressed a 90% confidence in achieving the target" datetime: "2025-02-28T08:43:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/230005710.md) - [en](https://longbridge.com/en/news/230005710.md) - [zh-HK](https://longbridge.com/zh-HK/news/230005710.md) --- # AH shares pulled back, the Sci-Tech Innovation Index and the Hang Seng Tech Index fell nearly 2%, while A-share Xiaomi automotive concept stocks rose against the trend, and government bond futures showed divergence On February 28th, Friday, the A-shares opened lower, with the ChiNext Index dropping over 1% and the Sci-Tech Innovation Board Index falling nearly 2%. Sectors such as robotics, computing power industry chain, and semiconductor chips saw significant declines. As of the time of writing, the Shanghai Composite Index fell by 0.33%, the Shenzhen Component Index dropped by 0.77%, and the ChiNext Index decreased by 1.15%. As of the time of writing, the Hang Seng Index fell by 1.14%, and the Hang Seng Tech Index dropped by 1.75%. 【9:38】 Government bond futures showed divergence, with the 30-year main contract rising by 0.11%, the 10-year main contract increasing by 0.01%, the 5-year main contract remaining flat, and the 2-year main contract falling by 0.03%. ## A-shares Xiaomi Automotive Concept Stocks Surge at Opening JINRONG TIANYU and Kaizhong Co., Ltd. hit the daily limit up in bidding, Hi-Tech rose over 10%, and companies like Fute Technology and WOTE opened high collectively. In news, Xiaomi officially launched the SU7 Ultra on the 27th, priced at 529,900 yuan, significantly lower than the pre-sale price of 814,900 yuan disclosed by Xiaomi last year. Lei Jun stated that the sales target for the Xiaomi SU7 Ultra this year is 10,000 units, and he expressed a 90% confidence in achieving this goal. ### Related Stocks - [002886.CN](https://longbridge.com/en/quote/002886.CN.md) - [301022.CN](https://longbridge.com/en/quote/301022.CN.md) - [300988.CN](https://longbridge.com/en/quote/300988.CN.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [603037.CN](https://longbridge.com/en/quote/603037.CN.md) - [513130.CN](https://longbridge.com/en/quote/513130.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [301607.CN](https://longbridge.com/en/quote/301607.CN.md) ## Related News & Research - [Chengdu Auto Show opens next week with nearly 120 brands, 1,600 vehicles](https://longbridge.com/en/news/295673360.md) - [SES (ENXTPA:SESG) Could Be 35% Undervalued After IRIS² Milestone](https://longbridge.com/en/news/295687319.md) - [Pieverse: Purr-Fect Claw goes live on LINE - 15 Aug 2026](https://longbridge.com/en/news/296002936.md) - [BYD launches 2027 Seal 06 with 630 km range, second-gen Blade Battery](https://longbridge.com/en/news/295556224.md) - [GRAINS-Wheat rallies as Black Sea disruption fears grow](https://longbridge.com/en/news/295940032.md)