A-shares opened lower, lithium mining stocks led the decline, gold and aerospace sectors pulled back, Insilico Medicine's Hong Kong IPO surged 45.5%, and Shanghai silver fell nearly 7%.
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A-share indices fell, with the Shanghai Composite opening down 0.44%, and the ChiNext Index down 0.44%. Energy metal concept stocks saw a broad pullback, with lithium mining leading the decline; gold, Hainan Free Trade Zone, solid-state batteries, commercial aerospace, and photovoltaic themes all fell. Stablecoin concept stocks were active against the trend.
Hong Kong stocks opened flat, and the Hang Seng Tech Index rose 0.38%. Most large tech stocks were up, with Baidu rising more than 3%. Semiconductor stocks collectively rose, with a plan to acquire a 49.00% stake in SMIC Northern for 40.6 billion yuan, and SMIC International opened up 2.8%. Additionally, six new Hong Kong stocks were listed today: Insilico Intelligence surged 45.5%, Meilian shares rose 15.63%, May Day Vision rose 14.75%, Lin Qingxuan rose 9.3%, Xunce and Woan Robotics both opened roughly flat.
On the news front, the three major U.S. stock indexes closed down overnight, the China concept stock index fell 0.67%, and Asian silver prices stabilized during the session.
Most domestic commodity futures opened lower, palladium and platinum hit their daily limit down, Shanghai silver fell nearly 7%, Shanghai tin fell 6.75%, lithium carbonate fell 6.40%, and pulp fell 1.37%.
At the opening of treasury bond futures, the main 30-year contract rose 0.11%, the 10-year main contract rose 0.02%, the 5-year main contract rose 0.05%, and the 2-year main contract rose 0.01%.
9:43
The semiconductor sector strengthened at the open, with Dongxin shares rising more than 10%, Bywei Storage and Canchip shares rising more than 7%, and Chipone Technology, North Huachuang, and Dongwei Semiconductor all surged.
9:38
The A-share commercial aerospace concept sector pulled back at the open, with Tianjian Technology limit down, and Shenjian shares, Chaojie shares, Chuangyuan Technology, Jiuding New Materials, Aerospace Huanyu, etc. all down more than 5%.
9:29
Treasury bond futures opened, with the 30-year main contract up 0.11%, the 10-year main contract up 0.02%, the 5-year main contract up 0.05%, and the 2-year main contract up 0.01%.
9:27
The precious metals sector saw a sharp fall at the open, with Baiyin Nonferrous hitting its daily limit down, and Yuguang Gold & Lead, Xiaocheng Technology, Guoyan Platinum, Hunan Silver, Jiangxi Copper all opened lower.
9:27
The China Convertible Bond Index opened down 0.03%. Shenyu Convertible Bond rose 30%, triggering temporary suspension, Jiamei Convertible Bond rose more than 6%, Tianchuang Convertible Bond rose more than 5%, and Guanglian Convertible Bond more than 4%; Hangyu Convertible Bond, Jin25 Convertible Bond, Outong Convertible Bond, and Jincheng Convertible Bond fell more than 1%.
9:25
The Shanghai Composite opened at 3947.87 points, down 0.44%.
The Shenzhen Component Index opened at 13466.30 points, down 0.52%.
The ChiNext Index opened at 3208.32 points, down 0.44%.
The CSI 300 opened at 4617.32 points, down 0.48%.
The STAR 50 opened at 1346.13 points, down 0.01%.
The CSI 500 opened at 7390.14 points, down 0.54%.
The CSI 1000 opened at 7556.54 points, down 0.50%.
9:22
Insilico Intelligence's Hong Kong stock listing first day surged over 45%.
9:21
The Hang Seng Index opened basically flat, the Hang Seng Tech Index rose 0.38%. NIO rose more than 5%, Baidu more than 3%. SMIC International rose 2.8%. Previously announced plans to issue 547 million shares to five shareholders to acquire a 49% stake in SMIC Northern, transaction price 40.6 billion yuan.
9:15
The central parity rate of the RMB against the US dollar was set at 7.0348, down 17 points; the previous trading day's central parity rate was 7.0331, previous closing price was 7.0098, previous night session closing price was 7.0056.
9:01
The main palladium contract hit the limit down, dropping 13%.
9:00
Commodity futures opening: main platinum contract hit the limit down, down 13%, palladium down more than 12%, Shanghai silver down nearly 7%, Shanghai tin down more than 6%, International Copper and Shanghai Copper down more than 4%, Shanghai Gold down more than 3%. Asphalt and methanol rose more than 1%.
FTSE China A50 Index futures opened down 0.21%, previous night session closed down 0.16%.
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