The ChiNext Index rose 1%, the semiconductor industry chain surged again, the Hang Seng Index fell 2%, AI large models defied the trend with explosive growth, and Zhipu soared 30%, with its market value surpassing one trillion.

The ChiNext Index rose 1%, the semiconductor industry chain surged again, the Hang Seng Index fell 2%, AI large models defied the trend with explosive growth, and Zhipu soared 30%, with its market value surpassing one trillion.

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On June 22, A-shares oscillated and rose during the morning session. The Shanghai Composite lingered near the flat line, while the Shenzhen Component and ChiNext indices moved higher. The ChiNext was up 1%. The semiconductor industry chain surged again, with semiconductor materials and third-generation semiconductor concept stocks rising strongly. Cultured diamond and glass substrate concept stocks also showed significant strength. The restaurant & tourism and daily chemical sectors collectively adjusted.

Hong Kong stocks opened lower and continued downward. The Hang Seng Index and Hang Seng Tech Index saw their declines expand early in the session. The Hang Seng Index fell 2%, and the Hang Seng Tech Index dropped over 1.5%. Most technology stocks were down, but chip and semiconductor stocks bucked the trend and strengthened. AI large model stocks exploded, with Zhizhi soaring 35% and market capitalization surpassing HKD 1 trillion. In the bond market, government bond futures collectively declined. In commodities, most domestic commodity futures dropped. Core market movements:

A-shares: At press time, Shanghai Composite %, Shenzhen Component %, ChiNext Index %.



Hong Kong stocks: At press time, Hang Seng Index down 1.56%, Hang Seng Tech Index down 1.50%.



Bonds: Government bond futures all declined. At press time, the 30-year main contract fell 0.17%, the 10-year main contract fell 0.06%, the 5-year main contract fell 0.03%, and the 2-year main contract fell 0.01%.



Commodities: Most domestic commodity futures fell. At press time, the Container Shipping Index rose over 1%. Shanghai aluminum, caustic soda, iron ore, fuel oil, alumina, polysilicon, stainless steel moved higher. Manganese silicon, rebar, hot-rolled coil, Shanghai copper, industrial silicon, rapeseed, rubber, glass, soybean meal, coke, crude oil, pulp and others fell. Asphalt, Shanghai tin, coking coal, Shanghai nickel fell over 1%. Eggs, Shanghai gold dropped over 2%. Platinum, palladium plunged over 3%. Shanghai silver slumped 5%. Lithium carbonate crashed 6%.

09:48

Hang Seng Index drop expanded to 1.86%, Hang Seng Tech Index down 1.53%. Zhizhi rose over 30%.

09:44

Storage chip concept performed actively. Xiangnong Chip Innovation rose over 10%. Puran Co., Jiang Bolong, Demingli, Beijing Junzheng, Zhao Yi Innovation, Baiwei Storage followed up.

In terms of news, last Friday US stocks’ memory chips rose. Sandisk was up 11.54%. Micron Technology rose 8.70%. Western Digital gained 4.79%. All prices reached new historical highs. Micron Technology will release its Q3 financial report at 6/25 midnight Beijing time.

09:40

ChiNext Index up over 1%, reached historic high; semiconductor industry chain led the gains.

09:36

Lithium mine concept stocks collectively adjusted. Tianhua New Energy dropped over 10%. Rongjie Co. approached lower limit. Shengxin Lithium Energy, Tibet Urban Investment, Tianqi Lithium, Jiangte Motor, China Mining Resources saw large declines. News-wise, the main contract for lithium carbonate on the Guangzhou Futures Exchange fell 7%, reported at 154,080 RMB/ton.

09:35

A-share computing power leasing sector surged. Tefa Information hit new high. Tianyu Digital Science hit limit up. Zhongqingbao up over 10%. Xingyun Technology, Rike Chemistry, Lianhua Holding, Zhongfutong, Aikelan followed up.

09:34

Glass substrate concept stocks active again in early trading. Kaisheng Technology is up for 2 days out of 3. Woge Optoelectronics, Dier Laser, BOE A, Delong Laser surged.

In news, in June 2026, Intel CEO Pat Gelsinger stated on the tech podcast “No Priors” that his goal is to achieve a tenfold return for Intel shareholders in 5–10 years, and systematically disclosed the company’s future technology roadmap. He focused Intel’s transformation on three directions: advanced packaging technology EMIB, glass substrates, and three emerging semiconductor materials.

09:32

Zhizhi's market cap broke through HKD 1 trillion during Hong Kong trading hours, up over 1900% year-to-date, currently up over 13%.

09:26

Shanghai Composite opened up 0.08%, ChiNext index up 0.48%. Cultured diamond, rare earth, glass substrate, high-speed copper connection, UHV, memory, PCB concept stocks active; lithium mines, innovative drugs, and AI applications weakened.

09:21

Hang Seng Index opened down 0.47%, Hang Seng Tech Index down 0.2%. Li Auto fell over 3%, Bilibili, Alibaba among top decliners. Huahong Semiconductor, MINIMAX up over 4%. SMIC up over 3%.

09:01

Commodity futures opened. Container shipping Europe main contract up over 3%. LU fuel oil, BR rubber up over 2%. Ethylene glycol, fuel oil, PET bottle, pure benzene up over 1%. Lithium carbonate down over 4%. Shanghai silver, palladium, eggs, platinum down over 3%. Shanghai gold down over 2%.

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