A-shares opened lower and rose higher, the STAR 50 index increased by over 1%, lithium stocks led the gains, real estate stocks continued to decline, Hong Kong stock indices showed mixed performance, consumer stocks were strong, and multiple Vanke bonds were suspended

A-shares opened lower and rose higher, with the Shanghai Composite Index up 0.21% and the Shenzhen Component Index up 0.72%. Sectors such as titanium dioxide, lithium mining, Hainan Free Trade Zone, and commercial aerospace led the gains; while sectors like pharmaceuticals, banking, gaming, and tourism declined. On November 28, A-shares rebounded after hitting a low in the morning, with all three major indices rising collectively. At the midday close, the Shanghai Composite Index was up 0.21%, the Shenzhen Component Index was up 0.72%, and the ChiNext Index was up 0.71%. On the market, more stocks rose than fell, with over 3,500 stocks in the Shanghai, Shenzhen, and Beijing markets in the green, and a total turnover of 983.7 billion in the morning session. Specifically, the commercial aerospace concept strengthened, with Qianzhao Optoelectronics hitting the daily limit. Consumer stocks such as dairy products rose, with Haixin Food hitting the upper and lower limits. Lithium mining stocks rose again, with Dazhong Mining hitting the daily limit. The Hainan sector was repeatedly active, with Hainan Ruize hitting the limit. On the downside, the anti-influenza concept declined, with Guangdong Wannianqing falling over 10%. The following are the core indices: The Shanghai Composite Index closed at 3,883.46 points in the morning, up 0.21%. The Shenzhen Component Index closed at 12,967.66 points in the morning, up 0.72%. The ChiNext Index closed at 3,052.87 points in the morning, up 0.71%. The CSI 300 closed at 4,525.90 points in the morning, up 0.23%. The STAR 50 closed at 1,325.59 points in the morning, up 1.14%. The CSI 500 closed at 7,012.95 points in the morning, up 0.89%. The CSI 1000 closed at 7,311.73 points in the morning, up 0.75%. In news, JP Morgan strategists pointed out that the probability of a significant rise in the Chinese stock market next year is higher than the risk of a sharp decline, thus upgrading the rating of A-shares to "overweight." The Hong Kong stock index showed mixed performance, with the Hang Seng Index down 0.24% and the Tech Index up 0.11%. Non-ferrous metal stocks continued to rise, with Zhaojin Mining and Zijin Mining both showing gains. The new consumption concept performed well, with POP MART rising nearly 4% and Mixue Group rising over 2%. Additionally, sports goods stocks and home appliance stocks declined, while the innovative drug concept weakened. Most commodities in the futures market rose, with the shipping index (European line) up 5.97%, Shanghai silver up 3.14%, and coke down 1.96%. Government bond futures fell across the board, with the 30-year main contract down 0.03%, the 10-year main contract down 0.02%, the 5-year main contract down 0.05%, and the 2-year main contract down 0.02%. Vanke bonds rebounded significantly; previously, "21 Vanke 04" fell nearly 44% during the session, "21 Vanke 06" fell over 38%, "22 Vanke 02" fell 22.5%, and "21 Vanke 02" fell nearly 21%, all triggering intraday trading halts. In news, according to Securities China, Liu Shui expects that Vanke will subsequently resolve its debts in a market-oriented manner, relying more on its own strength. 11:03 Real estate stocks continue to show weakness, with Vanke A down 1.28%, having previously dropped 3%, reaching a new low since August 2015. Huaxia Happiness, Xinda Real Estate, Jindi Group, and China Merchants Shekou also followed suit. In terms of news, late on November 26, banks disclosed that Vanke would extend a 2 billion yuan bond, adding uncertainty to its debt repayment outlook for the next two years. Analysts believe that although Vanke maintained a phase of stability with support from Shenzhen Metro and other parties, the debt pressure has not been fundamentally resolved, raising concerns about its ability to smoothly navigate the industry adjustment period and the potential chain reactions that may arise. 10:54 Some of Vanke's domestic bonds rebounded sharply, with "22 Vanke 02" up 120%, "21 Vanke 06" up 107.8%, "22 Vanke 04" up 57.2%, and "21 Vanke 04" up 23.7%, all triggering trading halts. 10:15 All three major A-share indices turned positive, with STAR 50 rising over 1%; more than 3,100 stocks in the market were in the green, with lithium mining, satellite internet, and third-generation semiconductor concepts leading the gains. 9:56 Hong Kong stocks turned negative, with the Hang Seng Index down 0.33% and the Hang Seng Tech Index down 0.2%. 9:38 "21 Vanke 04" fell nearly 44% during the session, "21 Vanke 06" dropped over 38%, "22 Vanke 02" fell 22.5%, and "21 Vanke 02" dropped nearly 21%, all triggering intraday trading halts. 9:30 Government bond futures opened, with the 30-year main contract up 0.11%, the 10-year main contract up 0.02%, the 5-year main contract up 0.01%, and the 2-year main contract up 0.02%. 9:27 The China Convertible Bond Index opened up 0.03%. Fuxin Convertible Bond rose over 4%, Dazhong Convertible Bond rose over 3%, Guocheng Convertible Bond and Jiahe Convertible Bond rose over 2%; Hongbai Convertible Bond, Liyang Convertible Bond, Dongshi Convertible Bond, Yunjiji Convertible Bond, and Nenghui Convertible Bond fell over 1% 9:25 The Shanghai Composite Index opened at 3870.94 points, down 0.11%. The Shenzhen Component Index opened at 12869.66 points, down 0.04%. The ChiNext Index opened at 3029.98 points, down 0.04%. The CSI 300 opened at 4511.50 points, down 0.09%. The STAR 50 opened at 1307.96 points, down 0.21%. The CSI 500 opened at 6947.24 points, down 0.06%. The CSI 1000 opened at 7257.17 points, down 0.00%. 9:20 The Hang Seng Index opened up 0.25%, at 26011.06 points; the Hang Seng Tech Index rose 0.43%. SMIC rose 1.8%, Bilibili rose nearly 1%, Hua Hong Semiconductor and Alibaba rose 0.8%. Aluminum Corporation of China International opened up 6%, as the consortium won the bid for the upgrade and transformation project of the electrolytic cell in Qingtongxia. 9:15 The central parity rate of the RMB against the USD was reported at 7.0789, down 10 points; the previous trading day's central parity rate was 7.0779, the previous trading day's official closing price was 7.0806, and the night session closed at 7.0800. 9:00 Commodity futures opened, with main contracts for coking coal, lithium carbonate, and palladium down over 2%, while coking coal, polysilicon, and asphalt were down over 1%. Glass, palm oil, Shanghai silver, rubber, international copper, crude oil, European shipping, and soda ash rose over 1%. The FTSE China A50 Index futures rose 0.03% in early trading, after closing down 0.04% in the previous trading day's night session