--- title: "Unitree is now listed for trading!" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43471025.md" description: "Tech stocks crashed in US overnight markets, with the Philadelphia Semiconductor Index plunging 6%, while SanDisk, SK Hynix, and Seagate all fell over 9%, and Micron dropped 7%. A-share tech stocks are bound to face pressure today. Meanwhile, the US 10-year Treasury yield surged to 4.75%, its highest since January last year. As yields rise, tech, gold, and equities suffer, but agriculture benefits. Back to A-shares: bulls were everywhere two days ago, followed by bears yesterday. However, the market found support and recovered, with both the Shanghai Composite and ChiNext closing in the green, though ChiNext dipped nearly 1%. Compared to the sharp drops in Japan and Korea, our market showed resilience. Total turnover reached 2.4 trillion yuan..." datetime: "2026-08-19T01:49:18.000Z" locales: - [en](https://longbridge.com/en/topics/43471025.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43471025.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43471025.md) author: "[点金胜手](https://longbridge.com/en/profiles/12090136.md)" generator: "portal-rs" --- # Unitree is now listed for trading! Last night, US tech stocks $NVIDIA(NVDA.US) crashed, with the Philadelphia Semiconductor Index plunging 6%. SanDisk, SK Hynix, and Seagate all fell over 9%, while Micron dropped 7%. A-share tech stocks are bound to face pressure today. Additionally, the US 10-year Treasury yield surged to 4.75%, its highest since January last year. As this rises, tech, gold, and the stock market all suffer, but agriculture benefits. Back to A-shares: two days ago, bulls were everywhere; yesterday, bears appeared. However, the market found support and recovered, with the Shanghai Composite and ChiNext closing in the green, though ChiNext dipped nearly 1%. Compared to the sharp drops in Japan and Korea, we showed resilience. Two-market turnover reached 2.4 trillion yuan, up by 13 billion; 2,121 stocks rose, with a median change of -0.47%, indicating that the loss effect wasn't extreme. But the 盘面 is clear—tech is receding, and funds are moving to defensive sectors. The leading directions are only three: agricultural planting (JP Morgan warned of a global food crisis), humanoid robots (Unitree listed on the STAR Market today), and oil & petrochemicals (Trump's tough talk on Iran pushed oil prices). The gainers' list was dominated by niche sectors like agriculture, planting, grain, and pork! After JP Morgan's view fermented over the weekend, speculative and quant funds targeted the agricultural chain, triggering a wave of limit-ups. Tech and pharma showed divergent trends, mainly dragged down by external factors; lacking rebound momentum, they moved lower. Lithium batteries and brokerages also fell, despite their solid earnings reports—they keep getting beaten up daily. All in all, the big picture for A-shares hasn't changed; it remains volatile but upward-trending. But changing sectors and styles every day makes participation painful. Tech rose two days ago, agriculture yesterday, and who knows what today. Chasing highs often leads to getting hit from both sides. For instance, after an adjustment, tech might see a rotational repair tomorrow. But tech and pharma adjustments may not be sufficient yet, so large financials or new energy could take the spotlight next. And those old consumer staples have been adjusting for a long time. I've pondered why the market feels so conflicted recently: primarily due to lack of confidence. First, the July correction was too severe, leaving many investors jumpy. Second, weak economic data further erodes confidence. Although tech isn't heavily macro-dependent, there are too many trapped positions in the short term. In a shrinking volume environment, a direct V-shaped breakout to previous highs is impossible; it requires repeated consolidation to wash out the indecisive holders. Banks, large consumption, and new energy sectors won't see heavy institutional allocation unless they show significantly improved earnings. This is the current dilemma—the tech main theme can't rise further, while fundamentals outside tech aren't strong enough. Of course, some have fundamental support, like pharma, gold, non-ferrous metals, defense, and brokerages, but their capacity is small. Without fund interest, they struggle to become main themes. Many people's strategy now is: either buy tech, or don't buy at all; they don't want to hold those 'old timers' long-term. So the market style favors hunting, either trading meme stocks or superstition (the 'bull' namesake). Seeing the food crisis narrative, they speculate briefly and exit immediately. However, no need to be pessimistic. The A-share market has always driven by dopamine; when passion strikes and funds get excited, prices surge quickly. Recent volatility is just accumulating upward momentum. Everyone wait for two signals: first, a new main theme emerges; second, sustained significant volume expansion above 3 trillion yuan. I think the rotational phase is nearing its end, and a main theme will appear soon. Stay patient. As long as volume holds and the trading logic isn't significantly broken, there's no need for excessive worry. What needs digestion is merely the psychological pressure near the 4,000-point level, plus the turnover pressure from profit-taking and trapped positions. Shaking things out at this level actually facilitates better chip distribution. We survived the gloom of July; there's no reason to be pessimistic here. Endurance is painful, but the fruit it yields is sweet. Let's discuss thematic sectors below: Agriculture Agriculture performed strongly across the board, catalyzed by JP Morgan's long-standing warnings of a food crisis. Honestly, as a major grain producer, our domestic impact on related companies' fundamentals is limited. Yesterday's surge was more about timing the divergence in tech sentiment. Thus, this direction is largely emotional speculation, not a long-term expectation of fundamental reversal. Pork Pork prices surged again yesterday. Two catalysts: first, actual price hikes—the average wholesale price of pork in national agricultural markets reached 16.03 RMB/kg on August 17, up 1.6% from last Friday. Bureau of Statistics data also showed July pork prices shifted from a 0.8% decline to a 4.1% increase, the largest monthly gain this year. Second, the logic of capacity reduction continues to verify; third-party institutions reported 环比 declines in breeding sow inventory in July, exceeding expectations. Considering capacity and inventory cycles, pork prices are expected to enter a significant upward trend from July to September, reversing negative market expectations for the hog industry and driving valuation recovery. However, this is more of a trend-based play; blind chasing is discouraged, and buying during dips is safer. Robots Unitree officially listed and began trading today, attracting much attention; simultaneously, the 2026 World Robot Conference opened. Two possibilities: one, Unitree becomes a sector liquidity vacuum, draining liquidity from other concept stocks, similar to Changxin's listing day; two, Unitree performs far beyond expectations and surges, subsequently boosting the entire sector. Regardless of the path, significant volatility in the robot track is inevitable. All in all, short-term ups and downs are unpredictable and unnecessary to guess. Stay calm, let it fluctuate, hold shares and wait for gains without fuss. I remain firmly bullish on the domestic computing power chain! ### Related Stocks - [300024.CN](https://longbridge.com/en/quote/300024.CN.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SKHYV.US](https://longbridge.com/en/quote/SKHYV.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [STX.US](https://longbridge.com/en/quote/STX.US.md) - [07299.HK](https://longbridge.com/en/quote/07299.HK.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [PHUN.US](https://longbridge.com/en/quote/PHUN.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**