The ChiNext rose by 0.6%, storage chips strengthened, the Hang Seng Index slightly declined, the three new consumption stocks rebounded collectively, and government bonds and commodities rose

On October 16, the A-shares fluctuated and rose, with the ChiNext index slightly up, while sectors such as coal, insurance, and shipping strengthened. Storage chips, advanced packaging, and CPO concept stocks were active. The Hong Kong stock market showed divergence, with the Hang Seng Index slightly up and the Hang Seng Tech Index down. Tech stocks were mixed, and the new consumption concept rebounded again, with Pop Mart rising over 4%. In the bond market, government bond futures collectively rose. In terms of commodities, most domestic commodity futures rose, with Shanghai silver up 4% and Shanghai gold up over 1%. Core market trends:

A-shares: As of the time of writing, the Shanghai Composite Index fell 0.01%, the Shenzhen Component Index fell 0.05%, and the ChiNext Index rose 0.45%.

Hong Kong stocks: As of the time of writing, the Hang Seng Index rose 0.22%, and the Hang Seng Tech Index fell 0.30%.

Bond market: Government bond futures fell across the board. As of the time of writing, the 30-year main contract rose 0.31%, the 10-year main contract rose 0.07%, the 5-year main contract rose 0.01%, and the 2-year main contract rose 0.01%.

Commodities: Most domestic commodity futures rose. As of the time of writing, Shanghai silver rose over 3%, Shanghai gold rose over 1%, while coking coal, caustic soda, fuel oil, lithium carbonate, glass, coke, polysilicon, pulp, aluminum, soybean meal, and rubber rose. Asphalt, rebar, stainless steel, alumina, ferrosilicon, eggs, industrial silicon, and hot-rolled plates fell, with iron ore down over 1% and the container shipping index down over 3%.

09:51

The new consumption trio in Hong Kong stocks rebounded collectively again. As of the time of writing, Pop Mart and Lao Pu Gold both rose over 5%, and Mixue Group rose nearly 4%.

According to Zhui Feng Trading Platform news, JP Morgan believes that Pop Mart has not only proven its resilience through the continued popularity of Labubu and the success of "Star People," but also demonstrated its ability to withstand external risks through global layout and strong pricing power. The current 20 times expected price-to-earnings ratio for 2026 is quite attractive compared to its high growth prospects 09:41

The coal sector is repeatedly active, with DYEC achieving 4 limit-ups in 5 days, and CHINA COAL, China Power Investment, Jinkong Coal Industry, HAOHUA ENERGY, and Yanzhou Coal Mining also rising.

09:37

Storage chip concept stocks are strengthening again, with Demingli rising over 9%, and Baiwei Storage, Jiangbolong, and Shannon Chip Innovation following suit.

09:35

In the morning session, lithium battery concepts surged, with the electrolyte sector leading the rise. TONZE once achieved 6 limit-ups in 9 days, with Tianqi Materials, Dofluorid, Shida Shenghua, and Aok Shares also rising.

09:31

The charging pile concept opened high in the morning, with Aotexun hitting the limit-up price, and Heshun Electric, Tongda Shares, Shenghong Shares, Guodian Nanzi, and Tonghe Technology opening over 6% higher.

In terms of news, on October 15, the National Development and Reform Commission and other departments issued the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity (2025-2027)." The plan proposes to establish 28 million charging facilities nationwide by the end of 2027, providing over 300 million kilowatts of public charging capacity to meet the charging needs of over 80 million electric vehicles, achieving a doubling of charging service capacity.

09:26

The Shanghai Composite Index opened down 0.29%, and the ChiNext Index fell 0.58%.

The National Development and Reform Commission and six other departments issued the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity," leading to a significant high opening for concept stocks. The pharmaceutical, military, and photovoltaic sectors performed actively. The robotics concept corrected, with Sanhua Intelligent Control opening nearly 5% lower.

Rare earth, cultivated diamonds, and EDA concepts generally fell. Tianpu Shares resumed trading with a limit-down, having previously achieved 15 consecutive limit-ups.

09:21

The Hang Seng Index opened down 0.08%, and the Hang Seng Technology Index fell 0.14%.

Pharmaceutical stocks generally corrected, while tech stocks showed divergence, with Lenovo, Baidu, XPeng, Li Auto, and Nio all falling over 1%; the non-ferrous sector followed the rise in futures, with China Silver Group rising over 2% Sanhua Intelligent Control opened nearly 5% lower, clarifying that the company has not received large orders for robots, which is false news.

09:16

The central parity rate of the RMB against the USD is reported at 7.0968, up 27 points; the previous trading day's central parity rate was 7.0995, and the previous trading day's official closing price was 7.1238, while the night session closed at 7.1278.

09:01

Commodity futures opened, with the main contract for Shanghai silver rising over 4%, and Shanghai gold and BR rubber rising over 1%. Styrene, iron ore, and soda ash fell over 1%