The ChiNext Index fell by over 2%, the semiconductor industry chain was active, optical communication stocks declined across the board, the Hang Seng Tech Index fell by 1%, and AI large model stocks adjusted collectively.

The ChiNext Index fell by over 2%, the semiconductor industry chain was active, optical communication stocks declined across the board, the Hang Seng Tech Index fell by 1%, and AI large model stocks adjusted collectively.

Geopolitical tensions persist, with stock markets in Japan and South Korea plunging, and overnight US tech stocks facing sell-offs. A-shares and Hong Kong stocks are under pressure across the board, with sectors like non-ferrous metals and computing hardware collectively adjusting.

On June 10, A-shares fluctuated downwards, with the three major indices all falling at the opening. The ChiNext Index dropped 2%, while concept stocks in servers and the semiconductor industry chain were active. Banks, restaurants, and tourism sectors saw gains. Optical communication and high-speed copper connections saw collective adjustments; overnight US optical communication stocks suffered sharp declines. Non-ferrous metals extended their recent downward trend.

Hong Kong stocks opened lower and continued to slide, with both the Hang Seng Index and Hang Seng Tech Index declining. The Hang Seng Tech Index dropped over 1%, most internet technology stocks moved lower, NetEase rose over 4% against the trend, while AI large model stocks also fell—Zhipu dropped over 8%. In the bond market, government bond futures collectively rose. In commodities, domestic commodity futures were mixed, with metal futures like Shanghai Silver plunging. Core market trends:

A-shares: As of publication, the Shanghai Composite dropped 0.65%, the Shenzhen Component Index dropped 2.12%, and the ChiNext Index dropped 2.64%.



Hong Kong stocks: As of publication, the Hang Seng Index dropped 0.91%, and the Hang Seng Tech Index dropped 1.43%.



Bonds: Government bond futures fell across the board. As of publication, the 30-year main contract rose 0.13%, the 10-year main contract rose 0.01%, the 5-year main contract rose 0.01%, and the 2-year main contract remained unchanged.



Commodities: Domestic commodity futures were mixed. As of publication, the Container Shipping Index rose 3%, Industrial Silicon rose 2%, alumina, caustic soda, eggs, lithium carbonate, etc. rose over 1%; manganese silicon, pulp, asphalt, iron ore, rebar, coke, and hot-rolled coil moved higher. Shanghai Copper, polysilicon, Shanghai Aluminum, stainless steel, coking coal, rubber, crude oil, Shanghai Tin, fuel oil, Shanghai Nickel dropped over 1%. Rapeseed and Shanghai Gold dropped over 2%. Shanghai Silver and platinum plunged 5%.

10:34

The Shenzhen Component Index and ChiNext Index both fell over 2%, the Shanghai Composite dropped 0.6%. Precious metals, computing hardware, power and grid sectors were among the top decliners. Over 4,400 stocks fell across the Shanghai, Shenzhen, and Beijing exchanges.

Hong Kong's Hang Seng Index fell 1.1%, Hang Seng Tech Index dropped 1.5%. Zhipu dropped over 7%, NIO and Lenovo Group fell over 6%.

10:16

The banking sector rose against the trend. China Construction Bank jumped nearly 2%, hitting a new historical high. The total market value of A+H shares reached 2.04 trillion yuan. Bank of Qingdao rose over 3%, while Agricultural Bank, CITIC Bank, Bank of China, and ICBC followed suit.

10:00

The gas turbine concept fell sharply during the session. Wanze Stock hit the limit down. Previously, Jerry Stock had also hit the limit down. Weichai Power, China Power, Yingliu Co., and Dongfang Electric followed suit.

09:51

The advanced packaging concept rose against the trend in the morning session. Qipai Technology and Kangqiang Electronics hit the upper limit; Jintuo Stock jumped over 10%. Huahai Chengke, Hongshida, Debang Technology, and Weice Technology followed suit.

On the news front, MediaTek announced its next-generation chips will use only Intel's EMIB-T advanced packaging technology, and will no longer use TSMC's CoWoS solution.

09:44

The CPU concept strengthened amid volatility. Haiguang Information rose over 11%. China Great Wall, Loongson Technology, and Montage Technology also gained.

On the news front, during Computex 2026, Intel Data Center Group Vice President and China General Manager Chen Baoli introduced that a leading domestic large model manufacturer increased CPU demand fivefold from last year to this year.

09:31

The ChiNext Index dropped over 2%.

09:26

The Shanghai Composite opened down 0.62%, and the ChiNext Index dropped 1.62%. CPO, photovoltaics, gold, memory chips, industrial metals, superhard materials, semiconductors, humanoid robots, and AI application concept stocks weakened. Nearly 4,400 stocks declined in the market.

09:21

The Hang Seng Index opened down 0.5%, Hang Seng Tech Index dropped 0.38%. NIO dropped nearly 4%, Lenovo Group fell over 2%, while BYD, Huahong Semiconductor, and SMIC were among the top decliners.

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