On September 9th, the A-shares opened lower across the board, with the three major indices showing mixed fluctuations. The ChiNext index fell the most, and the semiconductor sector collectively declined, with SMIC dropping nearly 8%. Gold concept stocks and the real estate sector rose. The Hong Kong stock market opened higher, with the Hang Seng Index and the Hang Seng Tech Index both strengthening in the morning session, and large tech stocks continued to rise, with NetEase up over 3%. The new consumption concept rebounded, while Pop Mart fluctuated lower, having dropped 7% yesterday. In the bond market, government bond futures continued to retreat. In terms of commodities, domestic commodity futures showed divergence, with glass rising over 1%. Core market performance:
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A-shares: As of the time of writing, the Shanghai Composite Index rose 0.10%, the Shenzhen Component Index fell 0.13%, and the ChiNext Index fell 0.52%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index rose 1.00%, and the Hang Seng Tech Index rose 1.34%.
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Bond market: Government bond futures saw an expanded decline in the morning session. As of the time of writing, the 30-year main contract fell 0.20%, the 10-year main contract fell 0.05%, the 5-year main contract fell 0.04%, and the 2-year main contract fell 0.01%.
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Commodities: Domestic commodity futures showed divergence. As of the time of writing, alumina, pulp, coking coal, rubber, lithium carbonate, polysilicon, shipping index, coke, copper, etc., declined, while soybean meal, asphalt, stainless steel, industrial silicon, aluminum, rebar, hot-rolled sheets, eggs, ferrosilicon, iron ore, and fuel oil saw slight increases, with glass rising over 1%.
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News: The latest data shows that on September 8th, the margin balance of A-shares reached 2.31 trillion yuan, with the financing balance at 2.3 trillion yuan, both hitting new historical highs for A-shares. A week earlier, on September 1st, the margin balance was 2.298 trillion yuan, and the financing balance was 2.28 trillion yuan, marking the second-highest in history.
09:37
Gold concept stocks performed actively at the opening, with Di'A shares rising nearly 10%, followed by Xiaocheng Technology, Western Gold, and Chifeng Gold.
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In terms of news, on September 8th, the London spot gold price surpassed $3,600 per ounce, reaching a high of $3,635 per ounce, setting a new historical record. Since the beginning of this year, spot gold has cumulatively surged by $1,000 per ounce, with a year-to-date increase of as much as 38%
09:32
Chip stocks opened lower, with Jing Sheng Co., Ltd. falling over 10%, SMIC reopening down over 9%, and Tongfu Microelectronics, Aojie Technology, Baiwei Storage, Shengmei Shanghai, Zhichun Technology, Allwinner Technology, Jiangbolong, and others following suit.
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09:31
Government bond futures opened, with the 30-year main contract up 0.06%, the 10-year main contract down 0.01%, the 5-year main contract unchanged from yesterday, and the 2-year main contract down 0.01%.
09:29
SMIC reopened down 11.12%, as the company plans to issue shares to acquire 49% equity in SMIC North.
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09:28
The three major indices opened lower collectively, with the Shanghai Composite Index down 0.27%, the Shenzhen Component Index down 0.54%, and the ChiNext Index down 1.09%.
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09:21
The Hang Seng Index opened up 0.3%, at 25,711.07 points; the Hang Seng Tech Index rose 0.57%. NetEase rose over 3%, Nio and JD.com rose over 2%, and Alibaba rose nearly 1%.
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Chip stocks opened lower, with Jing Sheng Co., Ltd. falling over 10%, SMIC dropping over 9% upon resumption of trading, and Tongfu Microelectronics, Aojie Technology, Baiwei Storage, Shengmei Shanghai, Zhichun Technology, Allwinner Technology, Jiangbolong, and others following suit. SMIC opened down 11.12% upon resumption, as the company plans to issue shares to acquire 49% equity in SMIC North. Hong Kong tech stocks continued to be active, with Kuaishou rising over 4% and JD Group rising over 3%

- On September 9, A-shares opened lower with the three major indices showing mixed results, while the ChiNext index fell by 0.52%.  
- Hong Kong stocks opened higher, with the Hang Seng Index rising by 1.00%, driven by gains in major tech stocks like NetEase, which increased by over 3%.  
- Recent data revealed that the margin balance for A-shares reached a record high of 2.31 trillion yuan, while gold prices surged, hitting a new peak of 3,635 USD per ounce.

Wallstreetcn

SMIC

The balance of margin financing and securities lending in A-shares hits a new high! The three major stock indices show divergence, with chip stocks adjusting and SMIC down 8%. The Hong Kong Hang Seng Index rises over 1%, tech stocks are active, and government bonds decline