The A-share innovative drug sector has rebounded significantly, as the government work report lists biomedicine as an emerging pillar industry. The Hong Kong stock market's technology stocks have risen, with JD.com experiencing a substantial increase. The latest financial report shows that JD.com's net revenue in Q4 grew by 1.5% year-on-year to 352.3 billion yuan.
On March 6, the A-shares opened lower across the board, with the three major indices collectively declining at the beginning, and the ChiNext index dropping over 1%. Subsequently, the indices fluctuated and rose, currently turning positive, with brain-computer interface and CRO concept stocks active, while sectors like oil and gas and precious metals continue to adjust.
The Hong Kong stock market has seen some rebound, with both the Hang Seng Index and the Hang Seng Tech Index rising, the Hang Seng Index up over 1%, and the Hang Seng Tech Index soaring nearly 3%. Most technology stocks are up, and the pharmaceutical and biotechnology sector is also rising. In the bond market, government bond futures are up. In commodities, domestic commodity futures are mixed, with caustic soda rising 6% and the shipping index dropping over 8%. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index is up 0.09%, the Shenzhen Component Index is up 0.22%, and the ChiNext Index is up 0.09%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index is up 1.14%, and the Hang Seng Tech Index is up 2.66%.
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Bond market: Government bond futures are up across the board. As of the time of writing, the 30-year main contract is up 0.07%, the 10-year main contract is up 0.04%, the 5-year main contract is up 0.03%, and the 2-year main contract is up 0.01%.
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Commodities: Domestic commodity futures are generally up. As of the time of writing, caustic soda is up 6%, soybean meal is up nearly 3%, asphalt is up 2%, glass is up 1%, and lithium carbonate, rapeseed, iron ore, Shanghai silver, aluminum oxide, coking coal, coke, industrial silicon, pulp, hot-rolled coil, rubber, rebar, Shanghai nickel, etc., are rising. Shanghai copper, eggs, Shanghai tin, ferrosilicon, Shanghai gold, stainless steel, etc., are down, with fuel oil and palladium down over 1%, crude oil down over 4%, and the shipping index down over 7%.
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10:36
JD.com's stock price in the Hong Kong market has reached its largest increase since April 2025 during intraday trading.
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Previously, Citigroup raised the target price for JD.com ADR, stating that its Q4 2025 performance exceeded expectations. The management committed to continuous buybacks and distributing $1.4 billion in dividends, and they expect JD Retail to maintain healthy profit growth in 2026, with losses in the delivery business likely to narrow. Citigroup maintained a buy rating for JD.com, raising its ADR target price from $34 to $35.
10:14
The ChiNext Index rose into positive territory after previously falling nearly 1.2%. Sectors such as agriculture, chemicals, brain-computer interfaces, and power grids saw significant gains, with nearly 4,200 stocks rising in the Shanghai, Shenzhen, and Beijing markets.
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The Hong Kong Hang Seng Index rose over 1%, and the Hang Seng Tech Index rose over 2%.
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10:05
Domestic commodity futures showed divergence, with crude oil and shipping index futures experiencing significant declines.
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According to CCTV News, on the morning of the 5th local time, Amir Haidari, deputy commander of Iran's Khatam al-Anbiya Central Command, stated in an interview that Iran has not blocked the Strait of Hormuz.
10:01
The innovative drug concept fluctuated and rebounded during the session, with Zhongyuan Union hitting the daily limit, Yahui Pharmaceutical approaching a 20% limit up, and Beilu Pharmaceutical, Shanghai Yizhong, Sanyuan Gene, and Rejing Bio showing significant gains.
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In terms of news, the government work report listed biomedicine as an emerging pillar industry, alongside integrated circuits, aerospace, and low-altitude economy. From 2026 to now, the total contract amount for BD has exceeded 50 billion, surpassing 40% of 2025.
09:54
JD Group rose nearly 6%.
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In terms of news, JD.com's latest financial report shows that the company achieved net revenue of 352.3 billion yuan in Q4, a year-on-year increase of 1.5%, slightly above market expectations; however, due to increased investment in new business strategies, the company turned from profit to loss for the quarter, recording a net loss attributable to shareholders of 2.7 billion yuan, compared to a profit of 9.9 billion yuan in the same period last year
09:49
The chemical and fertilizer sectors are experiencing a volatile rebound, with Jinzhengdai and Jinpu Titanium Industry hitting the daily limit, while Hongbaoli, Weixing Chemical, Chitianhua, Guangkang Biochemical, and Chuanjinnuo are also rising.
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In terms of news, the price of granular urea in the Middle East has increased by about $130 per ton since last Friday, currently reported at $575 to $650. Additionally, several titanium dioxide companies, including Nanjing Titanium White Chemical and Anada, have announced price increases for their products.
09:38
The Hang Seng Tech Index has expanded its gains to 1%.
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09:37
The ChiNext Index has fallen over 1%, the Shanghai Composite Index is down 0.36%, and the Shenzhen Component Index is down 0.69%. The declines are led by precious metals, coal, MLED, and PCB sectors, with nearly 2,400 stocks in the Shanghai, Shenzhen, and Beijing markets declining.
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09:26
The Shanghai Composite Index opened down 0.55%, and the ChiNext Index fell 0.6%. The oil and gas, shipping, and non-ferrous metal sectors are leading the declines, while high-speed copper connections, superhard materials, gold, memory chips, circuit boards, and CPO concept stocks are weakening.
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09:21
The Hang Seng Index opened up 0.15%, and the Hang Seng Tech Index rose 0.47%. JD Logistics rose over 6%, JD HEALTH and Trip.com Group rose over 3%, while NetEase, JD Group, and Xiaomi Group saw significant gains.
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The three major A-share indices collectively turned positive, with the innovative drug sector rebounding, and JD.com rising over 7%. The Hong Kong Hang Seng Index and Hang Seng Tech Index both increased, while government bond futures in the debt market rose. Commodity futures showed mixed performance, with caustic soda up 6% and crude oil down over 4%. JD.com's latest financial report shows a 1.5% year-on-year increase in net revenue for Q4, and Citigroup has raised its ADR target price to $35, maintaining a buy rating

Wallstreetcn

GF CSI HK Innovative Drugs Industry ETF(QDII)

KraneShares 2x Long JD Daily ETF

China Universal 800 Health Care ETF

ChinaAMC SSE Health Care ETF Initiating Fund

E Fund CSI 300 Health Care ETF

Guotai SSE STAR Brand Name Drug ETF

JD.com

JD-SW

JD HEALTH

The three major A-share indices turned positive collectively, innovative drugs rebounded, the Hang Seng Index rose nearly 3%, JD.com increased by over 7%, while crude oil and the shipping index plummeted