The ChiNext Index rose over 1%, computing hardware stocks surged, CPO boomed; Hang Seng Tech Index fell over 1%, NetEase dropped 5%, offshore RMB climbed above the 6.9 mark.
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On February 12, A-shares fluctuated and rose, with the ChiNext Index rising more than 1% in the morning session, thanks to a significant boost from computing power hardware stocks such as CPOs and optical chips. "Easy Zhongtian" rebounded significantly, with TFC Communication up over 10%. AI application concept stocks continued to collectively adjust. Hong Kong stocks opened lower and fell further, with the Hang Seng Tech Index down over 1%. All tech internet stocks fell, with NetEase down 5%. AI large model stocks rose, with Zhipu and MiniMax-WP leading the gains.
In the bond market, government bond futures fluctuated higher. In commodities, most domestic commodity futures rose, with lithium carbonate up more than 3%, while platinum and palladium fell against the trend. Core market trends:
A-shares: As of press time, the Shanghai Composite Index was down 0.10%, the Shenzhen Component Index was up 0.48%, and the ChiNext Index was up 1.16%.
Hong Kong stocks: As of press time, the Hang Seng Index was down 0.81% and the Hang Seng Tech Index was down 1.51%.
Bond market: Government bond futures fluctuated higher. As of press time, the main 30-year contract was down 0.01%, the main 10-year contract was flat, the main 5-year contract was up 0.01%, and the main 2-year contract was flat.
Commodities: Most domestic commodity futures rose. As of press time, lithium carbonate was up nearly 4%, Shanghai nickel was up more than 2%, container shipping index, Shanghai tin, and fuel oil were up more than 1%. Shanghai silver, eggs, Shanghai copper, soybean meal, stainless steel, pulp, iron ore, coking coal, caustic soda, Shanghai aluminum, alumina, rubber, manganese silicon, coke, Shanghai gold, etc. also rose. Glass, rebar, asphalt, industrial silicon, hot-rolled coil, polysilicon, platinum, and rapeseed fell, with palladium falling more than 1%.
09:55
Zhipu rose in early Hong Kong trading after the company raised the package prices for its AI coding subscription plan GLM Coding Plan, with an overall increase starting from 30%.
Zhipu stated on Wednesday that it will officially launch its new generation AI model GLM-5 on Thursday, aiming to handle complex programming and agent tasks, and has already conducted direct benchmark testing with Anthropic's Claude Opus series.
09:48
The CPO sector strengthened again in the morning, with TFC Communication, Focuslight Technologies, Zhishang Technology, and Taisun Optoelectronics up over 10%, hitting record highs. Universal Scientific Industrial, Optical Valley Technology, Robotec, and Jept followed the rise.
According to the news, CITIC Construction Investment Research reported that CPO is accelerating its progress. Lumentum's latest statement said the company has received hundreds of millions of dollars in orders related to CPO and expects CPO revenue to be about $50 million in Q4 2026, with a boom expected in early 2027.
09:46
The non-ferrous tungsten concept continued strong performance. Zhangyuan Tungsten hit the daily limit, with Xianglu Tungsten, China Tungsten High-tech, and Xiamen Tungsten rising together.
On the news front, in the past two weeks, ferberite concentrate prices rose by 25.19% to 671,000 yuan/ton, and ammonium paratungstate prices rose by 24.68% to 985,000 yuan/ton.
09:43
Offshore RMB broke through the 6.90 mark against the US dollar, for the first time since April 2023.
09:40
The ChiNext Index rose more than 1%. CPO and other computing power hardware stocks remained active, with Focuslight Technologies up more than 10%, TFC Communication up more than 7%, and both hitting record highs. Taisun Optoelectronics, Jept, United Technology, and Changxin Bochuang followed the gains.
09:37
The Hang Seng Tech Index fell 1% intraday. NetEase fell nearly 5% after releasing its financial report.
09:21
The Hang Seng Index opened down 0.2%, the Hang Seng Tech Index down 0.47%. WuXi Biologics and Zijin Mining rose over 2%; most tech internet stocks fell, with Meituan, Baidu Group, and Tencent Holdings down more than 2%.
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