On April 8, spurred by news of a US-Iran ceasefire agreement, A-shares and Hong Kong stocks opened significantly higher in early trading. Previously, Asia-Pacific markets had generally moved higher, with Japanese and Korean stock markets rallying substantially. Due to the easing of geopolitical tensions, international oil prices plummeted, leading to a wave of daily limit drops for A-share oil and gas stocks, while coal stocks also experienced a collective adjustment.

A-shares opened higher across the board in early trading, with the three major indices surging at the start of the session. The ChiNext Index rose 3%, and the Shanghai Composite Index rose over 1%, once again returning above the 3,900 mark. Computing hardware exploded, precious metals saw a wave of daily limit gains, and oil and gas stocks fell sharply. Hong Kong stocks also opened significantly higher, with the Hang Seng Tech Index rising nearly 3% and technology stocks collectively rebounding.

In the bond market, treasury bond futures fell collectively. Regarding commodities, most domestic commodity futures fell, while precious metals futures such as Shanghai Silver and Shanghai Gold rose against the trend, and crude oil and fuel oil futures plummeted by more than 10%. Core market performance:

A-shares: As of press time, the Shanghai Composite Index rose 1.00%, the Shenzhen Component Index rose 2.33%, and the ChiNext Index rose 2.76%.

Hong Kong Stocks: As of press time, the Hang Seng Index rose 2.45%, and the Hang Seng Tech Index rose 2.95%.

Bond Market: Treasury bond futures fluctuated and fell. As of press time, the 30-year main contract fell 0.03%, the 10-year main contract was flat, the 5-year main contract fell 0.01%, and the 2-year main contract was flat.

Commodities: Most domestic commodity futures fell. As of press time, Shanghai Silver rose 4%, Shanghai Tin, Shanghai Gold, Platinum, Palladium, and Rapeseed rose over 2%, while Shanghai Copper and Polysilicon rose 1%. Industrial Silicon, Stainless Steel, Shanghai Aluminum, Paper Pulp, and Glass rose slightly. Shanghai Nickel, Hot-rolled Coil, Soybean Meal, Coking Coal, Alumina, Rebar, Coke, Iron Ore, and Eggs fell. Rubber and Lithium Carbonate fell over 1%, Manganese Silicon and Caustic Soda fell over 2%, Ethylene Glycol, Asphalt, and Methanol plummeted over 7%, Propylene and the Shipping Index fell 8%, and Fuel Oil and Crude Oil fell nearly 13%.

09:38

Commercial aerospace concepts fluctuated and rose, with Zhenlei Technology, Guanglian Aviation, and Feiwo Technology rising over 11%, while Shenjian Co., Ltd., Chaojie Co., Ltd., PIESAT, Aerospace Hi-Tech, and Aerospace Power followed.

09:37

In early trading, the computing power leasing concept strengthened, with Xingyun Technology, Aoruide, Hanggang Shares, Huafu Fashion, and Lotus Holdings hitting their daily limits. Oriental National Communication and PINGZHI Information rose over 10%, while UCloud, Wangsu Technology, Hongjing Technology, and Intellifusion were among the top gainers.

On the news front, accompanied by the explosion of Agent applications and the multimodal ecosystem, according to OpenRouter data, the weekly consumption of tokens has risen from 2.1T to 24.5T over the past year, with a 280% increase in weekly token consumption since 2026.

09:34

In early trading, the CPO concept was active, with Mingpu Photoelectric and Dongshan Precision hitting their daily limits. Changxin Bochuang rose over 7%, continuing to reach historical highs, while Zhongji Innolight, Huilv Ecological, Decentel, and Everbright Photonics were among the top gainers.

On the news front, Western Securities pointed out that CPO is accelerating commercialization driven by industry leaders, and the industry is innovating with multiple technical routes such as LPO, NPO, and XPO. Currently in the early stage of industrial acceleration, the next three years will be the core observation window for the rapid improvement of CPO industry penetration and the gradual construction of the supply chain pattern and value division of the industrial chain.

09:29

The precious metals sector surged at the opening, with WESTERN REGION GOLD opening at its daily limit up, while Xiaocheng Technology, Shanjin International, Hunan Silver, CHIFENG GOLD, and ZHAOJIN MINING rose over 5%.

09:26

Oil and gas stocks plummeted at the open, with Zhunyou Stock, Beiken Energy, Zhongman Petroleum, and BlueFlame Holding hitting their daily limits, while Keli Stock, Potential Hengxin, and Tongyuan Petroleum fell more than 10%.

09:26

The Shanghai Composite Index opened up 1.03%, and the ChiNext Index rose 3.07%. The semiconductor and computing hardware industry chains surged, with the CPO and memory sectors leading the gains; gold, AI applications, industrial metals, consumer electronics, photovoltaics, and Unitree robotics concept stocks were active. Oil and gas stocks saw a wave of daily limit drops, and coal stocks moved significantly lower.

09:21

The Hang Seng Index opened up 2.61%, and the Hang Seng Tech Index rose 2.95%. Technology stocks strengthened across the board, with Hua Hong Semiconductor rising over 8%, SMIC rising over 7%, Bilibili and JD Health rising over 5%, and SenseTime rising over 4%.

09:01

Commodity futures opened with the main contracts of LU Fuel Oil and Crude Oil falling over 14%, Liquefied Gas falling over 13%, Fuel Oil falling over 12%, Shipping Index Europe Line falling over 10%, and Styrene falling over 8%. Palladium rose over 5%, Shanghai Silver rose over 4%, and Platinum and Shanghai Gold rose over 3%.