A-shares and H-shares rise together: ChiNext up over 2%, computing hardware active, brokerages surge, Hang Seng Tech Index up 1%, semiconductors continue to climb.
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On May 21, A-shares opened higher in the morning session, with all three major indexes rising. The Shenzhen Component Index rose over 1%, the ChiNext Index rose over 2%. Chip and semiconductor stocks were active, non-ferrous metals and shipping concept stocks surged collectively, brokerages and insurance sectors strengthened, some computing hardware stocks adjusted, while optical module, optical communications, and optical circuit switch concept stocks declined. Directions such as circuit boards, glass fiber, and copper-clad laminate saw large gains.
Hong Kong stocks also strengthened in the morning session; the Hang Seng Index and Hang Seng Tech Index both rose; internet technology stocks were mixed, Meituan rose 3%, while Baidu, Bilibili, etc., fell. In the bond market, government bond futures fluctuated upward. In commodities, domestic commodity futures mostly rose, with Shanghai tin, Shanghai silver, and other metal futures leading the gains. Core market trends:
A-shares: As of press time, the Shanghai Composite Index is up 0.44%, the Shenzhen Component Index up 1.01%, and the ChiNext Index up 0.82%.
Hong Kong Stocks: As of press time, the Hang Seng Index is up 0.52%, and Hang Seng Tech Index up 0.91%.
Bonds: Government bond futures fluctuated higher; as of press time, the main 30-year contract is up 0.04%, the main 10-year, 5-year, and 2-year contracts are flat.
Commodities: Domestic commodity futures generally rose; as of press time, Shanghai tin and Shanghai silver are up more than 3%, eggs, polysilicon, container shipping index, platinum, Shanghai copper, lithium carbonate, Shanghai gold, palladium, glass, etc., are up more than 1%, most varieties like rubber, caustic soda, coking coal, manganese silicon, industrial silicon, Shanghai aluminum, alumina, and coke also rose. Iron ore, pulp, soybean meal, bitumen, etc., fell, with fuel oil and crude oil seeing the biggest drops.
09:58
The ChiNext Index rose over 2%, semiconductor and stock trading software concept stocks were active.
09:42
The securities sector collectively strengthened; Huatai Securities hit the limit up, Guoyuan Securities rose over 8%, China Merchants Securities, East Money, Huatai Securities, CITIC Securities, China Galaxy, Northeast Securities, and Orient Securities followed up.
09:39
Shipping concept stocks surged rapidly; China Merchants Energy Shipping hit the limit up, China Merchants Shipping, COSCO Shipping Holdings, COSCO Shipping Energy, COSCO Shipping Specialized, Ningbo Shipping followed up.
On the news side, Q1 2026 will see a strong performance in the oil tanker market, VLCC freight rates rise sharply and repeatedly hit new highs, geopolitical risks, tight compliance tonnage, and restructured trade flows jointly push up freight rates and risk premiums.
09:37
The non-ferrous metals sector was active at the open; Oriental Tantalum Industry hit the limit up, Yunnan Tin, Haotong Technology rose over 7%, Huaxi Nonferrous, Guiren Platinum, Yunnan Tin, and Oriental Zirconium followed up.
On the news side, London tin rose over 6% intraday, quoted at $54,600/ton. Congo (Kinshasa) recently saw a new round of Ebola outbreak, spreading to North Kivu Province (location of Bisie mine); Rwanda temporarily closed the border port with Goma. In addition, spot gold topped $4,560/oz, up 0.38% intraday.
09:36
Semiconductor equipment stocks repeatedly strengthened; Shengjian Technology hit two consecutive limit ups, Liandong Technology rose over 10%, Xinyuan Micro, ACM Shanghai, Fulaide, Huafeng Test Control followed up.
On the news side, Changjiang Securities believes global wafer fab equipment investment will continue to grow from 2025 to 2027. Domestic leaders' market share is steadily rising in key equipment fields such as etching, thin film deposition, and cleaning, with continued increases in R&D investment, a constantly improving product matrix, and clear long-term growth prospects under the trend of domestic substitution.
09:36
Chip stocks in Hong Kong continued their strong momentum; Montage Technology's gains expanded to over 11%, SMIC rose over 5%, GigaDevice rose over 4% to a record high, Hua Hong Semiconductor, Tian Shu Zhixin, and Shanghai Fudan all rose nearly 4%.
09:32
CPU concept stocks were active at the start; Hesheng New Materials hit the limit up, China Great Wall, Montage Technology, Wantong Development, Haiguang Information, Loongson Technology followed up.
On the news side, overnight "the three CPU giants of U.S. stocks" rose sharply together, with Arm up over 15%, AMD up over 8%, and Intel up over 7%. Citigroup pointed out that the total potential market size for data center server CPUs might expand significantly from US$29.3 billion in 2025 to US$131.5 billion in 2030, with a compound annual growth rate expected to reach as high as 35%.
09:29
Glass substrate concept stocks opened significantly higher in the morning; BOE Technology, Rainbow, and Wufang Optoelectronics hit the limit up, Gebika, Dier Laser, Tiancheng Technology, Linuo Pharm Packaging and others led the gains.
On the news side, BOE Technology announced it has signed a memorandum of cooperation with Corning; the two sides will cooperate in key areas such as glass substrate packaging boards, foldable glass, perovskite glass substrates, and optical interconnect related applications.
09:26
The Shanghai Composite Index opened up 0.29%, ChiNext Index up 1.03%. The semiconductor industry chain strengthened again, with memory and GPU directions leading the gains. Photovoltaic, commercial aerospace, and consumer electronics concept stocks were active. Power, oil & gas, AI applications, and e-commerce themes weakened.
09:21
Hang Seng Tech opened up 0.71%, Hang Seng Tech Index up 1.04%. SMIC rose over 3%, Hua Hong Semiconductor and Xiaopeng Group rose over 2%; Bilibili fell over 2%.
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