The ChiNext Index fell by more than 1%, fluorine chemical stocks strengthened, semiconductors declined, Hengtech fell by more than 1%, and Hua Hong Semiconductor plummeted.
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The three major A-share indices turned collectively negative after mixed openings, and the Hang Seng Tech Index in Hong Kong expanded its losses after opening lower. Structurally, fluorochemical stocks strengthened on expectations of a price hike in electronic-grade hydrofluoric acid, while CPO and short-drama gaming stocks surged intraday; power stocks pulled back significantly. Hong Kong semiconductor stocks fluctuated due to earnings reports, and Bilibili weakened.
On the 15th, the three major A-share indices opened mixed, then all turned negative, with the STAR 50 Index dropping as much as 2% and the ChiNext Index and Shenzhen Component Index both falling over 1%.
As of now, the Shanghai Composite is down 0.9%, the Shenzhen Component Index is down 1.16%, and the ChiNext Index is down 1.13%.
On the board, fluorochemical stocks strengthened due to price hike news, CPO concept stocks and short drama gaming sectors surged, while power and semiconductor stocks slumped.
Hong Kong stocks opened lower, with the Hang Seng Tech Index's losses expanding to 1%. The Hang Seng Index fell 0.57%. SMIC rose over 3%, Hua Hong Semiconductor rose over 2% then plunged over 5% intraday, both having released earnings earlier; Bilibili sank over 4%.
Fluorochemical Concept Strong
The fluorochemical sector opened strong, with Binhu Chemical and Zhongxin Fluorine locked at the daily limit, Zhongju Chip up over 15%, and Jinshi Resources, Do-Fluoride, Juhua, Yonghe, and Sanmei all opening higher.
In terms of news, industry insiders disclosed that Korean anhydrous hydrofluoric acid producers including Solbrain, ENF Technology, and Huseong will supply electronic-grade hydrofluoric acid to semiconductor companies such as Samsung Electronics and SK Hynix, and prices are expected to surge significantly in June and July.
CPO Concept Stocks Surge Again
CPO concept stocks surged again, with Mapu Optoelectronics locked at the daily limit, Guangpu shares up over 10%, JPT Opto, Taijing Tech, Zhongfu Circuit, and Ruijie Networks all followed upward.
Short-Drama Gaming Sector Surges
The short-drama gaming sector surged at the open, making new highs both online and offline. Gravity Media hit limit-up, with Guangdong Media, Huazhi Digital Media, Zhejiang Wenlian, Tiandi Online, and Easy Point Tech all rising.
Power Stocks Slump
Power stocks slumped, with YN Energy Holdings and Dalian Thermal Power close to limit-down, Huayin Power, Shaoneng, Guangdong Electric Power A, and Huadian Liaoning all dropping over 6%.
Continuous updates in progress
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