A-shares fluctuate and rise, GEM turns positive first, lithium mining surges, CATL's market value nears 2 trillion, Hang Seng Tech Index falls 1%, Alibaba and Tencent drop 2%
Complete. Here is the key summaryThe liquid-cooled server concept strengthened repeatedly, with Xinpeng Co.,Ltd. hitting three consecutive daily limits, KASUN hitting two, and SHEN YU, Shenling Environmental, QRTECH, Suqun, and others following suit. In early trading, the rare earth permanent magnet concept was active at the beginning of the session, with Jiaozuo Wanfang hitting the daily limit, and Jiuling Technology, BSU, Earth-Panda, Northern Rare Earth, and SHRC following suit
On April 13, A-shares fluctuated and recovered after opening lower in the morning session. The Shenzhen Component Index and GEM have turned positive, while the decline of the Shanghai Composite Index narrowed. Lithium mining and salt lake lithium extraction concept stocks surged collectively, with CATL further climbing as its market value approached 2 trillion yuan. GPU, advanced packaging, and other concept stocks remained active. Shipping, energy equipment, and precious metals sectors adjusted.
Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index and Hang Seng Tech Index both falling over 1%. Most tech web stocks dropped, with Tencent and Alibaba down 2%, and Baidu falling over 3%. In the bond market, treasury futures rose across the board. For commodities, most domestic varieties rose, with crude oil, fuel oil, and the container shipping index leading the gains. Core market trends:
A-shares: As of press time, the Shanghai Composite Index is down 0.38%, the Shenzhen Component Index is up 0.02%, and the ChiNext Index is up 0.32%.
Hong Kong Stocks: As of press time, the Hang Seng Index is down 1.39%, and the Hang Seng Tech Index is down 1.05%.
Bond Market: Treasury futures rose across the board. As of press time, the 30-year main contract is up 0.22%, the 10-year main contract is up 0.04%, the 5-year main contract is up 0.04%, and the 2-year main contract is up 0.02%.
Commodities: Most domestic commodity futures rose. As of press time, crude oil and fuel oil futures rose by 3%, the container shipping index rose by over 2%, and lithium carbonate, polysilicon, methanol, rapeseed, and stainless steel rose by 1%. Eggs, asphalt, manganese silicon, Shanghai copper, iron ore, Shanghai aluminum, glass, soybean meal, propylene, industrial silicon, and coking coal also moved higher. Rebar, coke, and alumina fell, while Shanghai gold, Shanghai silver, paper pulp, and palladium fell by over 1%. Platinum, Shanghai tin, rubber, and caustic soda fell by over 2%.
09:41
The CPO concept rose, Raisecom hit the daily limit, and Shijia Photonics rose by over 8% to a record high, with Accelink Technologies, Source Photonics, Victorix, Zhilifang, and Victory Giant Technology following suit.
On the news front, Michael Hurlston, CEO of U.S. optical communication leader Lumentum, said on Friday that demand from tech giants for the company's optical components is accelerating, and it won't be long before production capacity even for 2028 is sold out.
09:38
CATL strengthened in intraday trading, with its stock price hitting a record high of 430 yuan per share and its total market value nearing 2 trillion yuan.
09:34
The liquid-cooled server concept strengthened repeatedly, with Xinpeng Co.,Ltd. hitting three consecutive daily limits, KASUN hitting two, and SHEN YU, Shenling Environmental, QRTECH, Suqun, and others following suit.
On the news front, on April 16, 2026, the 4th Data Center Liquid Cooling Technology Conference will be held in Shenzhen. The conference will focus on key topics such as building a full-stack liquid cooling ecosystem, 800V high-voltage DC power supply architecture, and AI chip thermal design. Sealand Securities estimates that the overall data center liquid cooling market size is expected to reach $16.5 billion (approximately 116.2 billion yuan) in 2026, with a CAGR of about 59% from 2025 to 2026.
09:32
In early trading, the rare earth permanent magnet concept was active at the beginning of the session, with Jiaozuo Wanfang hitting the daily limit, and Jiuling Technology, BSU, Earth-Panda, Northern Rare Earth, and SHRC following suit.
On the news front, on April 10, BSU and Northern Rare Earth disclosed an upward adjustment of the related transaction price for rare earth concentrate in the second quarter of 2026, representing a quarter-on-quarter increase of 44.61%. This also means that their rare earth concentrate transaction price has been adjusted upward for seven consecutive quarters since the fourth quarter of 2024.
09:31
The fiber optic concept continued its adjustment in early trading. Huiyuan Communications opened limit-down, Farsight opened nearly 8% lower, and Xin Neng Tai Shan, SDG Information, YOFC, and Tongding Interconnection were among the top decliners.
09:26
The Shanghai Composite Index opened 0.38% lower, and the ChiNext Index fell 0.42%. Precious metals, communication equipment, stablecoins, and high-speed copper connection concepts led the declines, while rare earths and oil and gas stocks strengthened.
09:21
The Hang Seng Index opened 0.71% lower, and the Hang Seng Tech Index fell 0.69%. Technology stocks led the decline, with Baidu Group falling over 3% to lead the blue chips; oil and gas stocks rose against the trend, with CNOOC up over 1%.
09:01
Commodity futures opened. Crude oil and the container shipping (Europe line) main contracts rose by over 5%, while plastics, LU fuel oil, liquefied gas, and fuel oil rose by over 3%. Platinum fell by over 3%, and BR rubber, PTA, caustic soda, No. 20 rubber, live hogs, palladium, lithium carbonate, and Shanghai gold fell by over 1%.
