On Wednesday (April 1), both A-shares and Hong Kong stocks opened significantly higher. As signs of easing geopolitical tensions in the Middle East emerged, as mentioned in a Wallstreetcn article, both the US and Iran expressed their willingness to end the conflict in the Middle East.

A-shares collectively opened higher in morning trading, with the three major indices all rising by more than 1% at the start of the session. Computing power hardware collectively exploded, with PCB, CPO, and copper-clad laminate (CCL) sectors leading the gains. Shipping stocks were active, while power stocks continued to adjust. After opening 2% higher, Hong Kong's Hang Seng Index and Hang Seng Tech Index saw some pullback in morning trading. The Hang Seng Tech Index rose 1.7%, and internet tech stocks generally rebounded, while chip and semiconductor stocks soared.

In the bond market, treasury futures fluctuated higher. In commodities, domestic commodity futures diverged, with precious metals futures like Shanghai silver and Shanghai gold rising, while crude oil, the container shipping index, coking coal, and coke experienced significant declines. Core Market Performance:

A-shares: As of press time, the SSE Index rose 1.15%, the Shenzhen Component Index rose 1.08%, and the ChiNext Index rose 0.81%.

Hong Kong Stocks: As of press time, the Hang Seng Index rose 2.10%, and the Hang Seng Tech Index rose 2.19%.

Bond Market: Treasury futures all declined. As of press time, the 30-year main contract fell 0.05%, the 10-year main contract rose 0.01%, the 5-year main contract remained flat, and the 2-year main contract rose 0.01%.

Commodities: Domestic commodity futures generally rose. As of press time, Shanghai silver, Shanghai gold, palladium, and platinum led the gains, while coking coal, coke, fuel oil, and crude oil fell, and the container shipping index dropped over 7%.

09:43

Hong Kong chip stocks collectively surged, with ILUVATAR COREX jumping nearly 12%, HUA HONG SEMI and BIREN TECH rising nearly 6%, and SMIC and SHANGHAI FUDAN increasing by over 3%.

09:41

The computing power leasing concept became active again, with AURORA hitting its daily limit six times in 11 days, NB CONSTRUCTION surging to the daily limit, Hongjing Technology rising over 10%, and UCloud, Capitalonline, Shunwang Technology, and Canatal following suit.

On the news front, at Zhipu's 2025 performance briefing, Zhipu CEO Zhang Peng informed reporters that in the first quarter of 2026, Zhipu's API call pricing will increase by 83%. Despite this, the market still shows a situation where demand exceeds supply, with call volume increasing by 400%. Currently, Zhipu has become one of the domestic manufacturers with the highest paid token consumption.

09:39

Shipping stocks rallied, with Jinjiang Shipping and China Merchants Energy Shipping hitting their daily limits, and COSCO Shipping Energy Transportation approaching the daily limit.

09:38

The power sector collectively declined, with Guangxi Energy hitting its daily limit, while Zhongmin Energy, Shanxi Jin Kong Electric Power, Fujian Mindong Electric Power, and Huadian Liaoning Energy all fell over 5%. Henan Yuneng Holdings, Shaoneng Group, and Jiangsu New Energy followed suit.

09:37

Major infrastructure stocks were repeatedly active, with China High-Speed Railway Technology hitting its 3rd consecutive daily limit, Norinco International hitting the daily limit at the open, CAMC Engineering and Jinxi Axle touching the daily limit, and Tietuo Machinery and Jinying Heavy Industry following.

On the news front, CCTV Finance reported that construction is accelerating at the Yangtze River Estuary for a major project of the "15th Five-Year Plan" — the landmark Yangtze River High-speed Railway. The high-speed railway will extend from Shanghai to Chengdu, connecting the Yangtze River Delta, the middle reaches of the Yangtze River, and the Chengdu-Chongqing urban clusters, covering approximately 2,000 kilometers. Total investment in the Yangtze River High-speed Railway exceeds 500 billion yuan.

09:33

Fiberglass concept stocks rapidly rose, with Shandong Fiberglass approaching its daily limit, CPIC rising over 10%, and China Jushi and Sinoma Science & Technology following suit.

On the news front, a research report from TF Securities stated that the release of NVIDIA's new architecture will drive a 2-3 fold increase in PCB usage and a 4-5 fold increase in value. LPU and CPU cabinets will be comprehensively upgraded to M9 level materials, and high-layer backplanes will see explosive demand for low-dielectric, low-expansion specialty electronic fabrics.

09:28

Hong Kong AI application stocks strengthened, with Zhipu up 15%, MINIMAX-W up 9.74%, and Xun Ce up 8.66%.

09:26

The SSE Index opened 1.23% higher, and the ChiNext Index rose 2.21%. Semiconductor and computing power hardware themes rebounded, with memory and CPO sectors leading the gains; gold, AI computing power, industrial metals, cybersecurity, commercial aerospace, and consumer electronics concepts were active. Oil and gas and coal sectors retreated. More than 5,100 stocks in the market rose.

09:21

The Hang Seng Index opened 2.3% higher, and the Hang Seng Tech Index rose 2.75%. Zijin Mining rose nearly 7%, NIO and China Molybdenum rose over 6%, WuXi AppTec and HUA HONG SEMI rose over 5%, and Tencent Holdings and SMIC rose over 4%.

09:01

Commodity futures opened, with the crude oil main contract falling over 7%, fuel oil down over 4%, and ethylene glycol and coking coal down over 3%. Shanghai silver rose over 5%, and Shanghai gold and Shanghai tin rose over 2%.