A-shares fluctuated and diverged, the ChiNext turned lower, cultivated diamonds surged, non-ferrous metals rose sharply, the Hang Seng Tech Index gained nearly 1%, and biotechnology and pharmaceuticals rallied.

A-shares fluctuated and diverged, the ChiNext turned lower, cultivated diamonds surged, non-ferrous metals rose sharply, the Hang Seng Tech Index gained nearly 1%, and biotechnology and pharmaceuticals rallied.

```

On July 6, A-shares fluctuated and diverged, with the Shanghai Composite Index rising slightly. The ChiNext Board surged over 1% in early trading but then began to retreat, now turning negative. Concept stocks related to superhard materials and lab-grown diamonds exploded, while nonferrous metals, lithium mines, and CROs saw significant rebounds. Semiconductors rose at the start of trading, while satellite internet, commercial aerospace, fiberglass, and other concept stocks fell into adjustment.

All three major Hong Kong stock indices rebounded across the board; both the Hang Seng Index and Hang Seng Tech Index rose at the start of trading. Tech stocks all rose, chips and semiconductors fell back, AI big model stocks also declined, and the biotech sector continued its strong performance. In the bond market, treasury bond futures collectively rose. In commodities, domestic commodity futures generally went up. Core market trends:

A-shares: As of press time, the Shanghai Composite Index is up 0.29%, the Shenzhen Component Index is up 0.11%, and the ChiNext Index is down 0.24%.



Hong Kong stocks: As of press time, Hang Seng Index is up 0.18%, Hang Seng Tech Index is down 0.50%.



Bonds: Treasury bond futures rose across the board. As of press time, the main 30-year contract is up 0.24%, the main 10-year contract up 0.07%, the main 5-year contract up 0.05%, and the main 2-year contract up 0.02%.



Commodities: Domestic commodity futures generally rose. As of press time, Shanghai Tin is up over 4%, eggs up 3%, bitumen, Shanghai Silver, soybean meal, rubber, Shanghai Gold, Shanghai Aluminum, coke, coking coal, etc. are up over 1%. Caustic soda, polysilicon, stainless steel, fuel oil, manganese silicon, industrial silicon, Shanghai Copper, glass, Shanghai Nickel, rebar, iron ore, hot-rolled coil, platinum, palladium, rapeseed, alumina, etc. are also rising, while few varieties such as container index, pulp, crude oil, lithium carbonate have declined.

09:58

Innovative drug stocks remained active. Gan & Lee Pharmaceuticals hit the daily limit, Sanyuan Gene and Hotgen Biotechnology surged over 10%, Asia Rainbow Pharmaceuticals, Shouyao Holdings, Boteng Shares, and Yuandong Biotech followed suit.

In terms of news, the General Office of the National Medical Products Administration publicly solicited opinions on the "Announcement on Matters Related to Optimizing the Review and Approval of Cell and Gene Therapy Drugs (Draft for Comments)." It mentioned that qualified cell and gene therapy drugs will be included in the innovative drugs clinical trial review and approval fast-track within 30 days to improve the quality and efficiency of clinical R&D.

09:47

The lab-grown diamond concept was active again in early trading. Yellow River Cyclone hit the daily limit, Huifeng Diamond surged over 10%, Sifangda, Power Diamond, Boyun New Materials, and Guoji Precision Machinery followed suit.

In terms of news, a CITIC Securities research report indicates that commercial orders related to diamond heat dissipation are expected to intensively land in the second half of 2026, covering fields like AI servers and high-end consumer electronics. As hardware for high computational power AI continuously iterates, related stocks in the industry chain possess long-term investment value.

09:45

Precious metals concept stocks rose quickly. Hunan Silver hit the daily limit, Industrial Silver Tin, Shandong Gold International, Western Gold, Chifeng Gold, and Zijin Gold followed suit.

In terms of news, JP Morgan believes gold will maintain a range-bound trend in the short term, then rebound, with an average price of $4,300/oz in Q3 2026 and $4,500/oz in Q4 2026. JP Morgan maintains a long-term bullish outlook on gold and expects gold prices to rise further in 2027.

09:34

Gas turbine concept stocks were active. Liande Shares approached the daily limit, Jerry Shares, Yingliu Shares, Longda Shares, Steam Turbine Technology, and Changbao Shares followed suit.

In terms of news, a research report from institutions pointed out that with the wave of data center construction, power demand has surged; gas turbines, with advantages like fast deployment and low cost, have become the preferred solution. The global supply shortage may persist until 2030, and the visibility of orders for leading blades and equipment in the sector has significantly improved.

09:33

The advanced packaging concept was active at the start of early trading. Huada Jiutian surged over 10%, Linkage Technology, Huatian Technology, Microguide Nano, Changdian Technology, Tongfu Microelectronics, etc. followed suit.

In terms of news, on July 3, He Tingbo, head of Huawei Semiconductors, released the second version of "Micro-Time Theory for Multi-Level Electronic Systems" (also known as "Tao's Law" in the industry), clarifying five key landing technologies: Logic Folding unit-level 3D stacking, hybrid bonding, TSV, unified bus, and Hi-ONE optical engine.

09:28

The storage chip concept opened sharply higher in early trading, Jiangbolong surged over 10%, China Electronics Port, Baiwei Storage, Longke Technology, Purang Shares, and Xiangnong Chip Innovation followed suit.

On the news front, on the evening of July 3, the big bull stock in storage chips Jiangbolong released its earnings forecast, expecting net profit attributable to shareholders for the first half of 2026 to be 9.2–11 billion yuan, up 62,204%–74,394% year-on-year.

Additionally, industry insiders revealed that reports of Samsung planning to raise DRAM prices by 20% in the third quarter are true, and Samsung has already verbally notified some clients.

09:26

The Shanghai Composite Index opened up 0.38%, ChiNext Index up 0.77%. Memory chips, semiconductors, and HBM led gains, while precious metals, photovoltaic glass, and petroleum & petrochemical sectors were sluggish.

09:21

Hang Seng Index opened up 0.23%, Hang Seng Tech Index up 0.55%. Semiconductors, resource stocks led gains; Guotai Haitong surged over 6%, with first-half net profit expected to grow 27%–30% year-on-year.

 

Risk Warning and DisclaimerThe market has risks, investment should be cautious. This article does not constitute personal investment advice and does not consider the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Invest accordingly at your own risk. ```