AH stocks rose together in the early session: the ChiNext Index rose 1%, storage chips surged, the Hang Seng Tech Index rose 1%, tech stocks rebounded, and the yuan broke above the 6.82 mark.
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On April 14, A-shares opened significantly higher in the morning session. The three major indices rose at the start, with the ChiNext Index up 1%. Concept stocks such as memory chips, circuit boards, and semiconductor equipment surged, and lithium batteries remained active. Hong Kong stocks also rose, with both the Hang Seng Index and Hang Seng Tech Index up 1%, and all tech stocks rebounding.
In the bond market, most government bond futures fell. In commodities, most domestic commodities rose, with polysilicon up more than 4% and lithium carbonate up 3%. Core market trends:
A-shares: As of press time, the Shanghai Index rose 0.34%, the Shenzhen Component Index rose 0.66%, and the ChiNext Index rose 0.78%.
Hong Kong Stocks: As of press time, the Hang Seng Index rose 1.09%, and the Hang Seng Tech Index rose 1.25%.
Bonds: Most government bond futures fell. As of press time, the main 30-year contract fell 0.02%, the main 10-year contract rose 0.02%, the main 5-year contract fell 0.01%, and the main 2-year contract fell 0.01%.
Commodities: Most domestic commodity futures rose. As of press time, polysilicon rose more than 4%; Shanghai nickel, Shanghai tin, and lithium carbonate rose 2%; Shanghai copper, palladium, platinum, and Shanghai silver all rose more than 1%. Shanghai aluminum, rubber, iron ore, coking coal, silicon manganese, Shanghai gold, hot-rolled coil, eggs, rebar, industrial silicon, alumina, and others rose. Coke, stainless steel, glass, soybean meal, crude oil, etc. fell; caustic soda, propylene, fuel oil, methanol, etc. fell more than 1%. Ethylene glycol, asphalt, container shipping index fell more than 2%. Rapeseed fell more than 3%.
09:47
The memory chip sector was active; Dawi Co. hit its price limit. Baiwei Storage and Deminglee continued to hit record highs, while Xiangnong Chip, Puran Co., Jiang Bolong, and Beijing Junzheng followed up.
On the news side, it was reported that SanDisk has begun reaching out to materials, component, and equipment partners to construct an ecosystem for the HBF prototype production line. In addition, memory chip giant SanDisk rose over 11%, hitting a new all-time high.
09:46
The onshore RMB broke through the 6.82 level against the US dollar, reaching the highest level since March 2023.
09:41
The lithium battery sector remained repeatedly active. Shida Shenghua hit two price limits in three days; Tengyuan Cobalt approached a 20cm price limit. Hanrui Cobalt, Shengxin Lithium, Do-Fluoride, and Haike Xinyuan followed up.
09:36
The PCB sector remained repeatedly active. Upstream materials such as electronic cloth and electronic resin continued to lead gains. Hongchang Electronics hit its price limit, Honghe Technology touched the price limit, both hit record highs, while Zhongying Technology, Shude Co., Fangbang Co., and Pengding Holdings followed up.
On the news side, institutions believe that as AI servers continue to upgrade, PCBs are evolving from traditional multi-layer boards to high multi-layer and high-level HDI. In the long term, computing power will accelerate towards ASIC, and the value per unit of ASIC server motherboards is significantly higher than that of GPU servers of the same generation.
09:33
The onshore RMB rose 138 points against the dollar at the opening, reaching 6.82, the highest level since March 23, 2023.
09:26
The Shanghai Index opened up 0.46%, and the ChiNext Index rose 0.88%. AI applications, intelligent agents, industrial metals, computing power leasing, semiconductors, humanoid robots, and fiberglass concept stocks led gains. Oil and gas, coal, and cross-strait integration sectors weakened.
09:21
The Hang Seng Index opened up 1.05%, and the Hang Seng Tech Index rose 1.37%. Kingsoft Software rose over 7%, Kingdee International rose over 5%, Huahong Semiconductor, Bilibili, and SMIC rose over 3%.
09:10
The main polysilicon contract rose more than 4% intraday and is now quoted at 35,255 yuan/ton, having previously fallen nearly 1%.
09:01
Commodity futures opened. The main LU fuel oil contract fell more than 5%, asphalt and fuel oil fell more than 3%, LPG, ethylene glycol, and styrene fell more than 2%. Shanghai nickel rose more than 2%, Shanghai copper, Shanghai tin, international copper, Shanghai aluminum, paraxylene, aluminum alloy, and No.20 rubber all rose more than 1%.
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