A-shares fluctuated lower, non-ferrous metals surged, pharmaceutical stocks rebounded, Hong Kong stocks rose, tech internet stocks remained active, and Chery Automobile rose over 10% on its IPO debut.
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On September 25, the A-shares fluctuated downwards, with the three major indexes declining. The non-ferrous metals sector surged, led by the copper industry. CRO, gaming and other concept stocks were active. Hong Kong stocks rose slightly in early trading, with most technology internet stocks rising, and Alibaba up more than 1%. Chery Automobile’s IPO rose more than 10% on its first day. In the bond market, government bond futures continued to fall, with the main 30-year contract dropping 0.3%. In commodities, most domestic commodity futures rose, with Shanghai copper and the container shipping index leading the gains. Core market trends:
A-shares: As of press time, the Shanghai Composite fell 0.05%, the Shenzhen Component Index fell 0.34%, and the ChiNext Index fell 0.61%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.08%, and the Hang Seng Tech Index rose 0.14%.
Bonds: Government bond futures fell across the board. As of press time, the main 30-year contract fell 0.34%, the main 10-year contract fell 0.13%, the main 5-year contract fell 0.07%, and the main 2-year contract fell 0.02%.
Commodities: Most domestic commodity futures rose. As of press time, Shanghai copper and the container shipping index rose more than 2%, glass, soybean meal, fuel oil, and polysilicon rose more than 1%, and asphalt, alumina, pulp, caustic soda, aluminum, eggs, rubber, etc. rose slightly. Industrial silicon, coke, hot rolled coil, rapeseed, Shanghai silver, iron ore, and Shanghai gold fell.
News: As of September 24, the margin financing balance on the Shanghai Stock Exchange was 1,223.548 billion yuan, an increase of 6.974 billion yuan from the previous trading day; the margin financing balance on the Shenzhen Stock Exchange was 1,182.824 billion yuan, an increase of 7.147 billion yuan from the previous trading day; the two markets combined were 2,406.372 billion yuan, an increase of 14.121 billion yuan from the previous trading day.
09:54
CRO concept stocks rebounded, Jiuzhou Pharmaceutical hit the daily limit, and Joinn Laboratories, Abogen Biosciences, Howey Pharmaceuticals, etc. also rose.
09:52
China Fusion Energy Co., Ltd. made its first public appearance. The A-share nuclear power sector surged, with Heforging Intelligent Equipment and Fasten Group each hitting the daily limit. Harbin Welding, Zhongzhou Special Materials rose more than 10%, and Shanghai Electric, Wolong Nuclear Materials, and Rongfa Nuclear Power all rose strongly.
09:40
Gaming concept stocks were active. Glacier Network rose more than 7%, and Dianhun Network, Perfect World, and Xinghui Entertainment followed the rise.
The September batch of game licenses was released: 145 domestic games and 11 imported games, totaling 156 games, marking the third time this year that the monthly number of approved games exceeded 150.
09:31
The non-ferrous metals sector opened sharply higher in early trading, with copper leading gains. Northern Copper, Jingyi Co., Ltd. hit the daily limit; Jiangxi Copper, Electrical Alloy, Yunnan Copper, China Molybdenum, and Tongling Nonferrous were among the top gainers.
09:26
The Shanghai Composite Index opened down 0.03%, and the ChiNext Index fell 0.56%.
On the sector side, memory and photolithography stocks saw slight pullbacks, automobile and gold stocks led the decliners; six government departments jointly released a work plan to stabilize growth in the building materials industry, with cement stocks generally opening higher; non-ferrous copper followed the rise in futures; the semiconductor industrial chain remained active, with advanced packaging and HBM concepts leading gains.
09:21
The Hang Seng Index opened up 0.07%, while the Hang Seng Tech Index fell 0.13%.
The real estate and medical sectors continued to fall, with tech internet stocks diverging; the world’s second largest copper mine halted production due to an accident, driving up non-ferrous copper sector across the board, with China Molybdenum, Jiangxi Copper, and China Nonferrous Mining all surging by 8%.
Hong Kong’s largest auto company IPO this year launched, as Chery Automobile officially listed on the Hong Kong Stock Exchange, opening up more than 11%.
09:16
The RMB central parity rate against the USD was 7.1118, down 41 points; the previous day’s midpoint was 7.1077, previous day’s official closing price was 7.1219, and the previous night session closed at 7.1315.
09:01
Commodity futures opened: international copper and Shanghai copper main contracts rose over 3%, Europe container shipping line rose nearly 3%, crude oil, LU fuel oil, fuel oil, palm oil, soybean meal, polysilicon rose over 1%.
According to an article by Jianshi, on September 24, American mining giant Freeport-McMoRan issued a statement announcing that its supply contracts had entered a state of "force majeure". This sudden incident was quickly classified by Wall Street as a "black swan event", igniting market concerns about long-term copper supply shortages and pushing copper prices sharply higher.
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