On March 24, A-shares opened high and moved lower. The three major indices fluctuated and retreated in early trading after opening higher. GEM fell over 2%, photovoltaic stocks saw collective adjustment, and oil, gas, and coal sectors retreated, while biotechnology and shipping sectors rose.

Hong Kong stocks also opened high and moved lower, with the Hang Seng Tech Index turning negative and the Hang Seng Index's gains narrowing. Tech and internet stocks diverged. New consumption stocks rebounded, and LAOPU GOLD rose over 8%.

In the bond market, treasury bond futures declined. In terms of commodities, domestic commodity futures showed mixed performance. Core market movements:

A-shares: As of press time, the Shanghai Composite Index fell 0.03%, the Shenzhen Component Index fell 1.16%, and the ChiNext fell 2.30%.

Hong Kong stocks: As of press time, the Hang Seng Index rose 0.89%, and the Hang Seng Tech Index fell 0.10%.

Bond market: Most treasury bond futures declined. As of press time, the 30-year main contract rose 0.12%, the 10-year main contract fell 0.03%, the 5-year main contract fell 0.02%, and the 2-year main contract fell 0.02%.

Commodities: Domestic commodity futures showed mixed performance. As of press time, lithium carbonate rose over 6%, manganese silicon and palladium rose over 2%, coking coal, stainless steel, Shanghai tin, platinum, and Shanghai copper rose 1%, while paper pulp, industrial silicon, iron ore, hot-rolled coil, and rebar moved higher. Shanghai aluminum, rubber, eggs, Shanghai nickel, soybean meal, Shanghai silver, glass, and rapeseed fell. Crude oil and fuel oil fell over 4%, while the container shipping index and Shanghai gold fell over 3%.

10:10

Green power concepts continued their strength, with the computing-electricity synergy direction leading the gains. Shaoneng Group reversed and hit the daily limit, achieving four daily limits in five days. Hunan Development hit the daily limit, Huadian Liaoning approached the daily limit, and Devotion Corporation, Huayin Electric Power, and Lixin New Energy followed higher.

According to news, on March 23, the National Data Bureau stated that it will work with relevant departments to vigorously promote the computing-electricity synergy project, ensuring that the proportion of green electricity application in new computing facilities at hub nodes reaches over 80%, maximizing the supporting role of green electricity.

10:05

Oil and gas stocks accelerated their decline after opening, with Heshun Petroleum down over 7%, Intercontinental Oil and Gas down nearly 7%, and PetroChina, Sinopec, and CNOOC all down over 2%.

10:03

Memory chip concept stocks fluctuated and dropped in intraday trading, with Puran Semiconductor falling over 10%, while Taiji Industry, GigaDevice, Netac Technology, Beijing Junzheng, and Longsys followed lower.

09:56

Military sector stocks rallied collectively, with GreatWall Military hitting the daily limit, and North Long Dragon, Jianghang Equipment, Jieqiang Equipment, FIRMACO, and Guoke Group following.

In terms of news, the 15th Five-Year Plan has made overall arrangements for the high-quality advancement of China's national defense and military modernization. The construction of new-domain and new-quality combat forces will accelerate the replacement of advanced weapons and equipment, ushering in a new development period for military equipment.

09:50

CPO concepts fluctuated and rebounded in early trading. Tengjing Technology rose over 10% to a record high. Raisecom, Zhillipop, DK Photonics, Kechuan Technology, and Dongtian Micro followed.

According to news, at the 2026 Optical Fiber Communication Conference and Exhibition held last week, various optical communication manufacturers emphasized plans to expand production of core optical module components and materials. Lumentum stated that by the end of 2026, EML capacity will increase by more than 50% compared to 2025.

09:43

The ChiNext Index plunged by over 1% after having risen by over 1% earlier. CPO and photovoltaic concepts led the decline. Oil, gas, coal, and chemicals were among the top decliners. Nearly 1,200 stocks fell across the Shanghai, Shenzhen, and Beijing markets.

09:26

The Shanghai Composite Index opened 0.95% higher, and the ChiNext Index rose 0.98%, with over 5,200 stocks rising. Chemical fibers, basic metals, precious metals, and semiconductors led the gains. Lithium mining, charging piles, lithography machines, space photovoltaics, CPO, and AI computing power themes were active. Oil, gas, and coal sectors retreated.

09:21

The Hang Seng Index opened 1.55% higher, and the Hang Seng Tech Index rose 1.3%. LAOPU GOLD rose over 10%, WuXi AppTec rose over 3%, and POP MART, XPeng, NIO, Kuaishou, and SenseTime rose over 2%.