The ChiNext Index fluctuated upwards, computing power hardware remained active, Zhongji Xuchuang’s stock price broke 1,000, both the Hang Seng Index and Hang Seng Tech Index rose, and Kuaishou surged over 6%.
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On May 12, A-shares fluctuated and diverged in the early session. The three main stock indices showed mixed performance, with the Shanghai and Shenzhen indices slightly down and the ChiNext board opening higher before declining. Computing power hardware stocks remained active, optical communication, optical module, and optical chip sectors strengthened, while lithium mines and rare earth concept stocks adjusted.
Hong Kong stocks rose in early trading, with both the Hang Seng Index and Hang Seng Tech Index going up. Most tech internet stocks rebounded, with Kuaishou rising over 6%. It was reported that Kuaishou plans to spin off Keling AI for an independent listing. In the bond market, government bond futures fluctuated upward. For commodities, domestic commodity futures rose broadly, with silver and copper futures leading gains. Core market movements:
A-shares: As of press time, the Shanghai index is down 0.14%, the Shenzhen index is down 0.28%, and the ChiNext index is up 0.29%.
Hong Kong stocks: As of press time, the Hang Seng Index is up 0.58%, and the Hang Seng Tech Index is up 0.34%.
Bonds: Government bond futures fluctuated higher. As of press time, the main contract for 30-year bonds is up 0.05%, 10-year main contract up 0.01%, 5-year main contract up 0.01%, and 2-year main contract flat.
Commodities: Domestic commodity futures are broadly up. As of press time, Shanghai silver is up over 6%, platinum is up more than 3%, Shanghai copper, fuel oil, eggs, Shanghai tin, etc. are up over 2%, while lithium carbonate, bitumen, palladium, container shipping index, rubber, crude oil, and pulp have also risen. Coking coal, coke, caustic soda, methanol, polysilicon, and a few other varieties are leading declines.
10:03
The real estate sector was repeatedly active. Shenzhen Invest A hit the daily limit, Shenzhen Fang A rose over 8%, Binjiang Group, Shenzhen Property A, China Merchants Shekou, and Tefa Service followed up.
On the news side, according to data disclosed by Shenzhen Centaline Property, from May 1-5, 2026, 275 new homes (pre-sale + actual sales) were contracted online, a year-on-year increase of 45.5%; 121 second-hand homes were sold, up 80.6% year-on-year.
10:01
The semiconductor equipment concept continued yesterday’s strength. Xinyuan Micro nearly hit the 20 cm daily limit, setting a new historical high. Jingsheng Shares and Silicon Electric Shares both rose over 10%, with Huahai Qingke, Zhongke Feice, Jinhaitong, and Huafeng Test Control following up.
In the news, packaging and testing foundry companies are announcing increased investments, but industry insiders point out that advanced packaging and testing equipment demand has exceeded expectations, causing orders to flood in and upstream supply chains to queue up. Not only does capacity crowding occur among customers, but some equipment delivery times have been extended to over a year, resulting in delays in the launch schedules for new capacities at packaging and testing plants.
09:56
Leading optical module company Zhongji Xuchuang rose more than 7% intraday, its share price broke through 1,000 yuan, becoming the second ChiNext board stock in history to exceed 1,000 yuan after Aimeike, and the tenth stock in the history of A-shares to surpass 1,000 yuan. Since May 12, 2025, the stock has risen more than 970% cumulatively, and is up over 63% this year.
09:40
The memory index fell 2%, Hengshuo shares dropped 4.98%, Montage Technology fell 4.93%, China Electronics Port fell 4.74%, Dongxin shares dropped 4.57%, Dawei shares fell 4.19%.
On the news side, as TSMC's CoWoS packaging capacity remains tight, Korean memory giant SK Hynix is turning to Intel, and the two sides are cooperating in R&D around Intel's Embedded Multi-die Interconnect Bridge (EMIB) technology, and have started research on raw material supply for EMIB mass production.
It is worth noting that South Korea’s Composite Index saw its decline widen to 5%, LG Energy Solution dropped about 8%, and SK Hynix fell more than 3%.
09:36
A-shares power sector repeatedly active, Datang Power saw 5 consecutive daily limits, Shaoneng shares hit daily limit, Gansu Energy, Huadian Liaoning Energy, Ganneng shares, Jinkong Power, Shenzhen South Electric A, and others rose.
09:26
Shanghai Composite Index opened up 0.1%, ChiNext index up 0.46%. CPO, e-commerce, photovoltaic, rare earth permanent magnet, lithium mining, energy metals, consumer electronics, and robotics concept stocks strengthened; memory, semiconductor equipment, and vaccine concepts weakened.
09:21
Hang Seng Index opened up 0.34%, Hang Seng Tech Index up 0.45%. NIO, SMIC, and Trip.com Group led gains; Kuaishou opened up nearly 10%, with reported plans to spin off Keling AI for independent listing.
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