The ChiNext Index fell more than 1%, lithium mining stocks surged to the daily limit, the renminbi rose above the 6.84 mark, the Hang Seng Tech Index dropped nearly 1%, and most tech internet stocks declined.
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Lithium mining concept stocks surged, with individual stocks hitting their daily limit. Previously, Zimbabwe's Ministry of Mines and Mining Development issued an emergency statement announcing an immediate suspension of all exports of raw ore and lithium concentrate.
On February 26th, A-shares fluctuated and declined, with all three major indices falling in the morning session. The ChiNext Index dropped nearly 1%. Salt lake lithium extraction and lithium mining concept stocks exploded, while semiconductor and photovoltaic sectors adjusted. Hong Kong stocks fluctuated and fell back, with the Hang Seng TECH Index down nearly 1%, and most tech stocks declining.
In the bond market, government bond futures collectively declined. In commodities, most domestic commodity futures rose, with lithium carbonate continuing to surge, currently up over 5%. In the forex market, offshore renminbi broke through the 6.84 mark, reaching as high as 6.8384. Core market trends:
A-shares: As of press time, the Shanghai Composite Index is down 0.23%, the Shenzhen Component Index is down 0.35%, and the ChiNext Index is down 1.14%.
Hong Kong stocks: As of press time, the Hang Seng Index is down 0.08%, and the Hang Seng TECH Index is down 0.96%.
Bonds: Government bond futures generally declined. As of press time, the main 30-year contract is down 0.29%, the main 10-year contract is down 0.10%, the main 5-year contract is down 0.06%, and the main 2-year contract is down 0.01%.
Commodities: Most domestic commodity futures rose. As of press time, lithium carbonate is up over 5%, Shanghai tin up 4%, platinum, fuel oil, and silicon manganese up over 2%, Shanghai silver up over 1%, stainless steel, rapeseed, Shanghai aluminum, alumina, rebar, hot rolled coil, soybean meal, Shanghai copper, coke, rubber, eggs, iron ore, Shanghai gold, etc. all rose.
09:57
Super-hard materials sector fluctuated and rallied, Huanghe Whirlwind got its second board in three days, SF Diamond rose over 10%, Power Diamond, World, Boyun New Materials, Huifeng Diamond followed the rise.
On the news front, on February 23rd, Akash Systems announced that the world's first batch of Nvidia GPU servers equipped with Diamond Cooling technology has been officially delivered to Indian sovereign cloud service provider NxtGen AI Pvt Ltd. These products are based on the NVIDIA H200 platform and mark the world's first commercial application of "diamond thermal conductivity technology" in AI server systems, achieving an innovation breakthrough at the material level.
09:43
The offshore RMB rose over 100 points against the US dollar intraday, nearing the 6.84 yuan mark, with a maximum of 6.8421 yuan.
09:40
In the early session, the power sector was active, led by green electricity. Ganneng shares obtained two consecutive boards, Funeng shares, Huayin Power, Mindong Power, Jinkai Xinneng, and Southern Net Energy followed the rise.
On the news front, the National Energy Administration recently released the 2025 renewable energy grid-connected operation situation, stating that in 2025, the new installed capacity of renewable energy generation nationwide will be 452 million kilowatts, up 21% year-on-year, accounting for 83% of the country's new installed power capacity.
09:37
The ChiNext Index fell more than 1%. Photovoltaics, real estate, and glass fiber sectors led the decline. Nearly 2,900 stocks fell across the Shanghai, Shenzhen, and Beijing markets.
09:28
Lithium mining stocks led at the opening, Jinyuan shares hit the limit up, Corun, Jiangte Motor, Dazhong Mining, Rongjie shares, Guocheng Mining, Tianhua New Energy, etc. rose over 6%.
09:26
The Shanghai Composite Index opened up 0.09%, and the ChiNext Index fell 0.24%. Non-ferrous metals, chemicals, and steel led gains. Stablecoins, servers, and CPO concept stocks were active; oil & gas, photovoltaics, and satellite navigation themes weakened.
09:21
The Hang Seng Index opened up 0.95%, and the Hang Seng TECH Index rose 0.46%. Tianqi Lithium rose over 6%, Ganfeng Lithium rose over 5%.
09:01
Commodity futures opened, with the main lithium carbonate contract rising over 11%, Shanghai tin rising over 5%, platinum and Shanghai silver rising over 2%, fuel oil, aluminum alloy, liquefied gas, and Shanghai aluminum up over 1%. European container shipping fell over 3%.
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