A-shares' three major stock indexes all rose, ChiNext gained 1%, innovative pharmaceuticals surged again, computing power hardware rebounded, Hang Seng Tech Index rose 0.8%, semiconductors soared.

A-shares' three major stock indexes all rose, ChiNext gained 1%, innovative pharmaceuticals surged again, computing power hardware rebounded, Hang Seng Tech Index rose 0.8%, semiconductors soared.

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On June 24th, A-shares fluctuated and moved higher, with the three major indices collectively rising at the start of trading. The ChiNext Index rose nearly 1%, while shipping and innovative drugs climbed. Non-ferrous metals and cultivated diamonds adjusted collectively, computing hardware fought back, and concept stocks such as copper-clad laminates, HBM, and circuit boards surged.

Hong Kong stocks opened high and went higher, with the Hang Seng Index and Hang Seng Tech Index rebounding together at the start of trading. Most tech stocks rose. In the bond market, government bond futures rose across the board. In the commodities market, most domestic commodities fell. Shanghai silver plunged more than 4%, while the shipping index rose more than 1%. Core market movements:

A-shares: As of press time, the Shanghai Composite Index rose 0.05%, the Shenzhen Component Index rose 0.49%, and the ChiNext Index rose 0.92%.



Hong Kong stocks: As of press time, the Hang Seng Index rose 0.51%, and the Hang Seng Tech Index rose 0.72%.



Bond Market: Government bond futures rose across the board. As of press time, the main 30-year contract rose 0.04%, the main 10-year contract rose 0.05%, the main 5-year contract rose 0.04%, and the main 2-year contract rose 0.01%.



Commodities: Most domestic commodity futures fell. As of press time, the shipping index rose 1%. Asphalt, soybean meal, eggs, iron ore, alumina, industrial silicon, lithium carbonate, coke, hot-rolled coil, and polysilicon showed small increases. Glass, rapeseed, platinum, rubber, caustic soda, manganese silicon, coking coal, Shanghai copper, pulp, and fuel oil all fell. Stainless steel, Shanghai aluminum, Shanghai gold, palladium, and Shanghai nickel fell more than 1%, crude oil dropped more than 2%, Shanghai silver and fuel oil plunged more than 4%.

09:59

PCB concepts collectively rebounded, with fiberglass and copper foil leading gains. China Jushi hit the daily limit, International Composite surged over 10%, hitting a new historical high. Previously, Mankun Technology reached the 20cm daily limit. Hengtong Group, Huazheng New Material, Ping An Electric, Tongguan Copper Foil and others followed suit.

On the news side, prices of upstream raw materials such as electronic fabrics and electronic resins continue to rise, driving copper-clad laminate price increases and smooth transmission through the industry chain. Institutions pointed out that Kingboard Laminates announced a price increase of 15% for all thicknesses of FR-4 copper-clad laminates and PP prepregs on June 16. The price of 7628 electronic fabric has risen by more than 70% since the beginning of the year.

09:52

Advanced packaging concepts repeatedly strengthened. Huicheng shares hit the 20cm daily limit. Previously, Taiji Industry hit the daily limit. Changdian Technology, Xinqi Microassembly, Zhongke Feice, Huaten Technology, and Tongfu Microelectronics followed up with gains.

On the news side, analysts at the China Business Industry Research Institute predict that with continued increases in AI accelerator orders, HBM stacking layers advancing above 12, and growing demand for highly integrated solutions in smartphones and automotive electronics, the global advanced packaging market will reach $58.1 billion in 2026 and nearly $80 billion in 2030.

09:51

The Hong Kong semiconductor sector moved higher, with Hua Hong Semiconductor up nearly 7%, SMIC up over 3%, GigaDevice and Rambus Technology up over 2%.

09:44

Shipping stocks surged at the opening; China Merchants Shipping and COSCO Shipping Energy hit the daily limit. China Merchants Nautic rose more than 7%.

09:33

The innovative drug concept continued its strength in the morning session. Haixin Co. saw four consecutive limit-ups, Hainan Haiyao saw two consecutive limit-ups, Canaan Technology surged over 10%. Jingfeng Pharma, Xinhua Pharma, Lepu Medical and others ranked among the top gainers.

On the news side, on June 23rd, the Drug Procurement Office released the "Notice on the 12th Batch National Centralized Drug Procurement," officially launching the 12th batch of drug procurement. A total of 65 products were included, covering skin diseases, digestive and metabolic disorders, cardiovascular and several other therapeutic areas.

09:26

The Shanghai Composite Index opened down 0.39%, the ChiNext Index fell 0.25%. Cultivated diamonds, industrial metals, semiconductors, memory, UHV, PCB concept stocks all dropped sharply, while lithium batteries, shipping, insurance, and chemicals strengthened.

09:21

The Hang Seng Index opened up 0.36%, the Hang Seng Tech Index rose 0.48%. NIO surged nearly 5%, Lenovo Group, Baidu Group, and Trip.com Group rose over 2%; MINIMAX fell over 2%.

09:01

Commodity futures opened. The main contracts for Shanghai silver and Shanghai tin fell over 4%, Shanghai nickel fell more than 2%, crude oil, pure benzene, propylene, Shanghai zinc, Shanghai gold, Shanghai aluminum, stainless steel, international copper, and rubber fell more than 1%. Rapeseed meal rose more than 1%.

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