On April 9, A-shares and Hong Kong stocks faced pressure in the morning session as the geopolitical situation in the Middle East remained full of uncertainty. According to a Wall Street News article, the first day of the potential US-Iran ceasefire met with variables as Trump &#34;repeatedly flipped back and forth,&#34; refusing to recognize Iran's &#34;10-point plan&#34; as a basis.
A-shares opened lower in the morning, and the three major indices collectively fell at the start of the session. The ChiNext Index once fell by more than 1%. Computing hardware stocks continued to be active, with sectors such as copper-clad laminates, CPO, and circuit boards showing strength. Precious metals and other sectors underwent adjustments.
Hong Kong stocks opened lower and continued to decline, with both the Hang Seng Index and the Hang Seng Tech Index falling. The Hang Seng Tech Index dropped by more than 1%, and internet technology stocks fell across the board. AI large model stocks rose against the trend, with KNOWLEDGE ATLAS up over 7%.
In the bond market, most treasury bond futures fell. In the commodities market, most domestic commodity futures moved lower. The Containerized Freight Index rose by more than 3%, while crude oil, fuel oil, and ethylene glycol fell significantly. Core market movements:
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A-shares: As of press time, the Shanghai Composite Index fell 0.56%, the Shenzhen Component Index fell 0.27%, and the ChiNext Index fell 0.69%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/64b6be65-d91a-480d-a78f-27240d8f8735.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/64b6be65-d91a-480d-a78f-27240d8f8735.png"/>
Hong Kong Stocks: As of press time, the Hang Seng Index fell 0.49%, and the Hang Seng Tech Index fell 0.95%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/69bb8366-cf92-48a8-8204-9786e7b8ebe9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/69bb8366-cf92-48a8-8204-9786e7b8ebe9.png"/>
Bond Market: Most treasury bond futures fell. As of press time, the 30-year main contract rose 0.14%, the 10-year main contract fell 0.02%, the 5-year main contract fell 0.02%, and the 2-year main contract fell 0.02%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/902b32e2-e5b1-447e-8380-a378579fcda9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/902b32e2-e5b1-447e-8380-a378579fcda9.png"/>
Commodities: Most domestic commodity futures moved lower. As of press time, the Containerized Freight Index rose by more than 3%, rapeseed and palladium rose 1%, and eggs, industrial silicon, soybean meal, pulp, stainless steel, silver, copper, and nickel moved higher. Rubber, rebar, gold, alumina, platinum, tin, and aluminum fell. Fuel oil, coking coal, iron ore, caustic soda, asphalt, manganese silicon, and propylene fell by more than 1%. Lithium carbonate and polysilicon fell by more than 2%. Crude oil, methanol, and ethylene glycol fell by more than 4%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4b747a05-5157-4a44-aa2b-4295ca165321.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4b747a05-5157-4a44-aa2b-4295ca165321.png"/>
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09:42
In the morning session, the CPO concept strengthened again, with DSBJ hitting the daily limit, EverProX rising over 5% to continue setting new historical highs, and LINKTEL TECHNOLOGIES, Huamao Technology, TACLINK, and CIG following the gains.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/ff92d65c-c940-43e0-8e1a-c9a99ace845c.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/ff92d65c-c940-43e0-8e1a-c9a99ace845c.png"/>
On the news front, Anthropic officially announced a new agreement with Google and Broadcom. Anthropic will receive a total of approximately 3.5 gigawatts of next-generation TPU computing power to meet extremely strong market demand.
09:35
In the morning session, innovative drug stocks were active against the trend, with YIBAI PHARMACEUTICAL achieving three daily limits in six days, Menovo hitting the daily limit, and Jincheng Pharm, JINLING PHARM., Luoxin Pharmaceutical, and Realcan following the gains.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9e92b673-300b-4189-aaeb-4d05367bb0dd.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9e92b673-300b-4189-aaeb-4d05367bb0dd.png"/>
On the news front, the 2026 AACR annual meeting will be held on April 17. Over 100 Chinese pharmaceutical companies will present nearly 400 research results, covering popular sectors such as ADCs, bispecific antibodies, and radiopharmaceuticals, as well as key targets like CDH17 and Claudin18.2. The subsequent ASCO conference in May will continue the momentum, creating a dense period of data catalysts.
09:31
The ChiNext Index dropped more than 1%, the Shanghai Composite Index fell 0.68%, and the Shenzhen Component Index fell 0.93%. Sectors such as non-ferrous metals, airport and aviation, and gaming were among the biggest decliners. Nearly 4,800 stocks in the Shanghai, Shenzhen, and Beijing markets fell.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7fdb6a3b-d2ea-4024-b4e3-bb84533bc4a6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7fdb6a3b-d2ea-4024-b4e3-bb84533bc4a6.png"/>
09:26
The Shanghai Composite Index opened 0.69% lower, and the ChiNext Index fell 0.94%. Themes such as departure tax refunds, PCB, gold, high-speed copper interconnects, memory, semiconductors, AI applications, and computing power leasing saw pullbacks, while lithium mining and oil and gas sectors showed localized strength.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e0b9247c-8323-494d-a8b2-6c9c64fba0d9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e0b9247c-8323-494d-a8b2-6c9c64fba0d9.png"/>
09:21
The Hang Seng Index opened 0.53% lower, and the Hang Seng Tech Index fell 1.11%. Internet technology stocks fell across the board, with Kuaishou, Hua Hong Semiconductor, Kingdee International, and Alibaba down more than 2%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5f614567-799f-4b5a-b5c8-22989d911a44.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5f614567-799f-4b5a-b5c8-22989d911a44.png"/>

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In the morning session, the CPO concept strengthened again, with DSBJ hitting the daily limit, EverProX rising over 5% to continue setting new record highs, and LINKTEL TECHNOLOGIES, Huamao Technology, TACLINK, and CIG following the gains. Innovative drug stocks were active against the trend in the morning, with YIBAI PHARMACEUTICAL achieving three daily limits in six days, Menovo hitting the daily limit, and Jincheng Pharm, JINLING PHARM., Luoxin Pharmaceutical, and Realcan following the upward trend

Wallstreetcn

KNOWLEDGE ATLAS

Luoxin Pharmaceutical

Realcan

DSBJ

EverProX

JINLING PHARM.

TACLINK

Jincheng Pharm

Menovo

LINKTEL TECHNOLOGIES

YIBAI PHARMACEUTICAL

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Tianhong CSI Computer Theme ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Computer Theme ETF

China Southern CSI Semiconductor Industry Custom ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

A-share Three Major Indices Fell Collectively, Computing Hardware Active Against the Trend, Hang Seng Tech Index Down Over 1%, AI Large Model Stocks Rebound, KNOWLEDGE ATLAS Rises 7%