The ChiNext Index fluctuated and rose by 1%, oil and coal stocks rallied against the trend, computing hardware continued to fall, the Hang Seng Tech Index dropped more than 1%, and most tech internet stocks declined.
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On July 14, A-shares fluctuated and fell in the morning session, with all three major indexes dropping initially. The Shanghai Composite Index briefly fell below 3900 points before rapidly rebounding above 3900. The ChiNext Index rose 1%. Coal, oil and natural gas sectors rose against the trend, while commercial space, servers, industrial gases and other concept stocks adjusted collectively. Aerospace and military, software and other sectors declined.
Hong Kong stocks opened low and continued downward, with both the Hang Seng Index and Hang Seng Tech Index falling more than 1%. Tech stocks generally declined, with Baidu down more than 7%. AI large model stocks retreated, with Zhipu and MINIMAX both down more than 5%. In the bond market, government bond futures fell across the board. In commodities, most domestic commodity futures declined, but crude oil and fuel oil surged significantly due to escalating geopolitical tensions, driving international oil prices to soar overnight. Core market trends:
A-shares: As of press time, the Shanghai Composite Index is down 0.05%, the Shenzhen Component Index is up 0.24%, and the ChiNext Index is up 0.59%.
Hong Kong stocks: As of press time, the Hang Seng Index is down 1.10%, and the Hang Seng Tech Index is down 1.36%.
Bonds: Government bond futures fell across the board. As of press time, the main 30-year contract is down 0.18%, the main 10-year contract is down 0.05%, the main 5-year contract is down 0.02%, and the main 2-year contract is down 0.01%.
Commodities: Most domestic commodity futures are down. As of press time, crude oil is up 8%, fuel oil up over 7%, asphalt up 6%, stainless steel and industrial silicon up over 1%. Lithium carbonate, iron ore, Shanghai aluminum, Shanghai copper, Shanghai nickel, rapeseed, manganese silicon, coking coal, hot-rolled coil, rubber and other varieties rise. Rebar, soybean meal, alumina, polysilicon, caustic soda, pulp, glass, coke and others fell. Eggs, container shipping index, Shanghai tin, palladium, platinum fell over 1%, Shanghai gold fell over 2%, Shanghai silver fell over 3% again.
09:55
The ChiNext Index quickly surged 1%, the Shanghai Composite Index nearly turned positive, returning above 3900 points.
09:50
The Hang Seng Tech Index intraday decline widened to 2%. Baidu and Zhipu fell more than 7%.
09:43
In the morning session, the semiconductor equipment sector rebounded. Yitang shares rose more than 10%, with Tuojing Technology, Huafeng Test Control, Linkage Technology, and Zhongke Fei Test also rising.
In terms of news, according to media reports, Samsung Electronics plans to accelerate the construction of the National Semiconductor Industrial Park in Yongin, Gyeonggi-do, South Korea, bringing production forward by one to two years from the original plan, aiming for mass production and operation by 2029.
09:41
The Shanghai Composite Index fell 0.5%, breaking below 3900 points. More than 3,500 stocks declined.
09:31
The oil and gas sector was active in the morning session. Keli shares rose more than 10%, with Tongyuan Petroleum, Zhongman Petroleum, Potential Hengxin, Shandong Molong, and Sinopec Oilfield Service also rising.
In terms of news, the escalation of the US-Iran conflict triggered a sharp rise in international oil prices. On July 13, WTI crude oil futures settlement price closed at $78.14/barrel, up $6.73, an increase of 9.42%. Brent crude oil futures settlement price closed at $83.30/barrel, up $7.29, an increase of 9.59%.
09:26
The Shanghai Composite Index opened down 0.12%, and the ChiNext Index rose 0.16%. Gold, PEEK materials, commercial space, CRO concept stocks weakened; oil and gas, retail, real estate sectors strengthened. Server and lithography machine concepts were active.
09:21
The Hang Seng Index opened down 0.13%, the Hang Seng Tech Index fell 0.25%. PetroChina shares rose over 3%, CNOOC rose over 2%, NIO rose nearly 3%; Baidu Group fell over 3%.
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