A-shares opened higher and rose, with the Shanghai Composite Index up 0.09% and the ChiNext Index up over 1%. Lithium mines, memory chips, Hainan Free Trade Zone, and commercial aerospace themes were active; server, first-release economy, and cross-strait integration concept stocks weakened.
Hong Kong stocks opened higher, with the Hang Seng Index up 0.66% and the Hang Seng TECH Index up 0.55%. Pop Mart, Zijin Mining, and HSBC Holdings rose over 2%, while tech stocks like NetEase, Alibaba, and Bilibili strengthened.
In terms of news, the Federal Reserve lowered interest rates by 25 basis points as expected, bringing the target range for the federal funds rate down to 3.50%–3.75%. This marks the Fed's third rate cut of the year following cuts on September 17 and October 29, each by 25 basis points.
Most commodity futures opened higher, with pulp up 3.69%, Shanghai silver up 3.45%, the shipping index (European line) up 1.14%, international copper up 1.07%, and lithium carbonate up 0.65%.
Government bond futures opened higher across the board, with the 30-year main contract up 0.35%, the 10-year main contract up 0.06%, the 5-year main contract up 0.02%, and the 2-year main contract up 0.02%.
9:45
ZTE's Hong Kong stock plummeted 8.3%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cabdd307-d0bf-4dbd-b858-521f0e21b355.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cabdd307-d0bf-4dbd-b858-521f0e21b355.png"/>
9:30
The commercial aerospace concept continued to strengthen, with Zai Sheng Technology achieving a four-day limit-up, Hualing Cable hitting the limit-up, and multiple stocks such as Ruihua Tai, Guanglian Aviation, Tongguang Cable, and Hangyu Technology opening higher.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/37502b3c-ab5f-4ed2-a45c-dda71ee8cfe3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/37502b3c-ab5f-4ed2-a45c-dda71ee8cfe3.png"/>
In news, it was learned from Aviation Industry Corporation of China that the &#34;Jiutian&#34; drone successfully completed its maiden flight in Pucheng, Shaanxi. This successful maiden flight marks a new breakthrough in China's large drone technology. The &#34;Jiutian&#34; drone was designed by the First Aircraft Design and Research Institute of Aviation Industry, commissioned by Shaanxi Unmanned Equipment Technology Co., Ltd.
9:29
Government bond futures opened, with the 30-year main contract up 0.35%, the 10-year main contract up 0.06%, the 5-year main contract up 0.02%, and the 2-year main contract up 0.02%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/34cf3631-3805-4613-b148-6d71e43a2564.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/34cf3631-3805-4613-b148-6d71e43a2564.png"/>
9:27
The CSI Convertible Bond Index opened up 0.08%. Maolai Convertible Bond rose over 8%, Mengsheng Convertible Bond rose over 4%, and Zai 22 Convertible Bond and Yingliu Convertible Bond rose over 3%; Yunji Convertible Bond, Ruida Convertible Bond, and Weida Convertible Bond fell less than 1%, leading the declines.
9:25
The Shanghai Composite Index opened at 3903.89 points, up 0.09%
The Shenzhen Component Index opened at 13,333.29 points, up 0.13%.
The ChiNext Index opened at 3,210.55 points, up 0.05%.
The CSI 300 opened at 4,597.19 points, up 0.12%.
The STAR 50 opened at 1,349.67 points, up 0.22%.
The CSI 500 opened at 7,171.21 points, up 0.21%.
The CSI 1000 opened at 7,421.79 points, up 0.18%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d75c51fc-e10e-49e8-a5f9-d0b041a208c7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d75c51fc-e10e-49e8-a5f9-d0b041a208c7.png"/>
9:21
The Hang Seng Index opened up 0.66%, at 25,710.61 points; the Hang Seng TECH Index rose 0.55%. HSBC Holdings and Pop Mart rose over 2%, Alibaba, NetEase, Bilibili, and Hua Hong Semiconductor rose over 1%. JD Industrial opened down 7.8% on its first trading day.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f88f8d7c-c43c-4a78-bea2-6d5ee362a2a9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f88f8d7c-c43c-4a78-bea2-6d5ee362a2a9.png"/>
9:15
The central parity rate of the RMB against the USD was reported at 7.0686, up 67 points; the previous trading day's central parity rate was 7.0753, and the previous trading day's official closing price was 7.0638, while the night session closed at 7.0661.
9:00
Commodity futures opened, with the main contract for pulp rising over 3%, and rapeseed oil, liquefied gas, soybean meal, and BR rubber rising over 1%. Caustic soda and fuel oil fell over 1%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/47e697e7-a1fc-46c0-842d-3d2afa748755.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/47e697e7-a1fc-46c0-842d-3d2afa748755.png"/><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d837e865-1793-4d92-899d-9165f2fb4fcf.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d837e865-1793-4d92-899d-9165f2fb4fcf.png"/>
FTSE China A50 Index futures rose 0.24% in early trading, with the previous trading day's night session closing up 0.31%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c8812f09-ae17-4cbe-8013-2f44e1e17bc6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c8812f09-ae17-4cbe-8013-2f44e1e17bc6.png"/>
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A-shares opened high and rose further, with the ChiNext Index up over 1%, and the lithium mining and commercial aerospace sectors strengthening. The Hang Seng Index rose by 0.66%, with tech stocks rebounding. The Federal Reserve cut interest rates by 25 basis points to 3.50%–3.75%. Most commodity futures rose, with pulp up 3.69%. Government bond futures rose across the board. ZTE's Hong Kong stock plummeted by 8.3%. The "JiuTian" drone successfully completed its maiden flight, marking a technological breakthrough

- The A-shares opened higher, with the Shanghai Composite Index rising 0.09% and the ChiNext Index increasing over 1%.  
- The Federal Reserve lowered interest rates by 25 basis points, marking its third cut this year, while commodity futures mostly rose, with notable increases in pulp and silver.  
- In Hong Kong, the Hang Seng Index gained 0.66%, driven by strong performances from companies like HSBC and Pop Mart, despite a significant drop in ZTE's stock.

Wallstreetcn

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Hang Seng TECH Index

Direxion FTSE China Bear 3X

Direxion FTSE China Bull 3X

MEITUAN

AH shares opened higher, the ChiNext rose over 1%, lithium mining and commercial aerospace strengthened, the Hang Seng Index rose 0.66%, tech stocks rebounded, and ZTE fell sharply