AH stocks fell together: ChiNext down 1%, oil and gas stocks surged against the trend, Hang Seng Tech Index down over 1%, AI large model stocks plunged, Zhipu down 15%.
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Just like the Asia-Pacific stock markets, A-shares and Hong Kong stocks came under collective pressure in the morning session today. Earlier, Trump said in a speech that extremely severe strikes against Iran would be carried out in the next two to three weeks. The market had originally expected Trump’s nationwide speech to ease the situation. However, he said that the war would continue until late April, threatened to strike Iran’s power plants, and international oil prices surged, driving a rebound in oil and gas stocks.
On April 2, A-shares fluctuated lower, with the three major indexes all falling at the start of trading. The ChiNext Index once fell 1%. Oil, gas, coal, and other resource stocks performed strongly against the trend. Shipping stocks rose, while AI computing power concepts, fiberglass, precious metals, and other sectors underwent corrections. Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index and Hang Seng Tech Index both falling over 1%. Most technology and Internet stocks dropped, AI application stocks tumbled, and Zhipu fell 15%.
In the bond market, government bond futures fell across the board. In commodities, most domestic commodity futures dropped, with silver, palladium, and platinum metals falling the most. Core market performance:
A-shares: As of press time, the Shanghai Composite fell 0.05%, the Shenzhen Component Index fell 0.40%, and the ChiNext Index fell 0.96%.
Hong Kong Stocks: As of press time, the Hang Seng Index fell 0.85%, and the Hang Seng Tech Index fell 1.49%.
Bond Market: Treasury futures fell across the board. As of press time, the main 30-year contract fell 0.04%, 10-year main contract fell 0.04%, 5-year main contract fell 0.03%, and 2-year main contract fell 0.02%.
Commodities: Most domestic commodity futures fell. As of press time, ferrosilicon rose 2%. Fuel oil, Shanghai gold, rubber, Shanghai aluminum, polysilicon, and eggs rose. Asphalt, Shanghai copper, coke, stainless steel, coking coal, Shanghai nickel, container shipping index, hot-rolled coil, soybean meal, industrial silicon, rebar, crude oil, etc., fell. Lithium carbonate, glass, alumina, iron ore, caustic soda, etc. dropped more than 1%. Palladium, platinum, Shanghai aluminum, and Shanghai silver had the biggest declines.
09:55
Hong Kong large AI model concept stocks fell, Zhipu dropped over 16%, MINIMAX fell nearly 10%.
09:45
The Hang Seng Tech Index widened its intraday loss to 1%.
09:40
The shipping sector became active again, led by oil shipping. China Merchants Energy Shipping hit the daily limit and reached a record high. COSCO Shipping Energy, Air China Cargo, China Merchants Southern Oil, Antong Holdings, and Shenghang shares followed the rise.
09:36
A-share oil and gas stocks bucked the trend and rose, with Heshun Petroleum hitting the daily limit, Beacon Energy rising over 8%, and Keli, Jereh, Shandong Molong, and Tongyuan Petroleum following.
On the news, after Trump’s speech, WTI crude oil and Brent crude oil main futures contracts both rose more than 4% intraday.
According to Xinhua News Agency, Trump claimed in his speech that he had achieved a "quick, decisive, and overwhelming victory" in the Iran war. The U.S.'s core strategic objectives in the Iran war are "close to completion".
Trump also stated that extremely severe strikes against Iran would be carried out in the next two or three weeks. If no agreement is reached, Iran’s power plants will be targeted. “We haven’t hit their oil yet, even though that’s the easiest target.”
09:31
The ChiNext Index fell more than 1%, the Shanghai Composite fell 0.38%, the Shenzhen Component Index fell 0.72%. Precious metals, computing power leasing, film/TV, photovoltaic equipment and other sectors led the decline. Over 3,700 stocks fell in the Shanghai, Shenzhen, and Beijing markets.
09:26
The Shanghai Composite opened down 0.2%, the ChiNext Index fell 0.55%. Lithium batteries, photovoltaics, aluminum, advanced packaging, semiconductor equipment, energy metals, gold concept stocks led the decline. Oil and gas, and memory sectors performed strongly.
09:21
The Hang Seng Index opened down 0.16%, Hang Seng Tech Index down 0.49%. Bilibili, Alibaba, Kingsoft, Xiaomi Group led the declines. WuXi Biologics, China Molybdenum, Hansoh Pharma led the rises.
09:01
Most domestic commodity futures opened lower. Europe container shipping index fell over 6%, LU fuel oil down over 5%. Fuel oil, BR rubber, styrene dropped over 4%. LPG, asphalt fell over 3%. Shanghai gold rose over 2%. Shanghai zinc and silver rose over 1%.
Risk Warning and DisclaimerThe market has risks. Investment must be cautious. This article does not constitute personal investment advice, nor does it take into account the special investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, points of view, or conclusions in this article fit their specific situation. Investment made accordingly is at your own risk. ```