The ChiNext Index rose over 2%, rare earth permanent magnets surged, storage chips climbed, the Hang Seng Index and Hang Seng Tech Index both fell over 1%, and tech internet stocks mostly declined.
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On June 16th, A-shares fluctuated and diverged, with the three major indices showing mixed results in the morning session. The Shanghai Composite Index fell slightly and then rebounded into positive territory, while the ChiNext Index rose over 2%. Concept stocks such as rare earth permanent magnets, glass substrates, industrial gases, and memory chips surged. Some computing hardware stocks were active, copper clad laminate and optical communication strengthened, the power grid and fine chemicals sectors performed well, while coal and shipping sectors corrected.
Hong Kong stocks opened lower and moved lower, with both the Hang Seng Index and Hang Seng Tech Index falling over 1%. Tech internet stocks generally declined, with Meituan, Tencent, and Kuaishou among the top losers. In the bond market, government bond futures rose across the board. In commodities, most domestic commodity futures fell, led by polysilicon and asphalt. Core market trends:
A-shares: As of press time, the Shanghai Composite was up 0.16%, the Shenzhen Component Index up 1.15%, and the ChiNext Index up 2.00%.
Hong Kong stocks: As of press time, the Hang Seng Index was down 1.24%, and the Hang Seng Tech Index was down 1.44%.
Bond market: Government bond futures rose across the board. As of press time, the main 30-year contract was up 0.09%, the main 10-year contract up 0.07%, the main 5-year contract up 0.04%, and the main 2-year contract up 0.01%.
Commodities: Most domestic commodity futures fell. As of press time, stainless steel rose over 2%, Shanghai Gold and Container Shipping Index rose 1%, Shanghai Silver, Shanghai Tin, Eggs, Shanghai Nickel, Rapeseed and other varieties moved higher. Iron ore, rubber, coke, hot rolled coil, rebar, Shanghai Copper, pulp, and coking coal fell. Alumina, industrial silicon, Shanghai Aluminum, manganese silicon, caustic soda, and crude oil fell over 1%. Fuel oil and lithium carbonate both fell over 3%. Asphalt and polysilicon fell over 4%.
10:44
The ChiNext Index rose over 2%. Nonferrous metals, MLCC, copper foil, and optical fiber sectors led gains.
10:16
Memory chip concept stocks continued to strengthen, with Dapu Micro rising over 10%. Previously, Yachuang Electronics had reached the 20cm price limit. Tongyou Technology, Chengdu Huamicro, Deep Technology, and GigaDevice rose in tandem.
09:52
Rare earth permanent magnet concept continued to strengthen. Shenghe Resources, China Science Sanhuan, and Xiamen Tungsten hit the price limit. Huahong Technology, China Rare Metals, China Rare Earth, and Northern Rare Earth ranked among the top gainers.
09:48
The glass fiber concept fluctuated and strengthened in the morning session. Shandong Fiberglass gained 3 boards in 6 days, International Composite surged over 10% reaching a record high, China National Materials Technology, Honghe Technology, China Jushi, and Changhai shares rose in tandem.
09:44
The power grid equipment sector surged in the morning session. China XD Electric achieved 2 consecutive boards, Great Wall Electrical hit the price limit, Acrel, Jinpan Technology, Taiyong Long March, Xinte Electric, Baobian Electric rose in tandem.
The optical communication concept repeatedly strengthened, with MPO leading gains. Taichen Optics and Changxin Botron rose over 10% to set new historical highs, Guangku Technology, Fuxin Technology, Hengdong Optics, and Zhili Fang were also among the top gainers.
The liquid-cooled server concept was active, Chunzhong Technology approached the price limit, Qiangrui Technology, Chuanhuan Technology, Feilong Shares, Tenglong Shares, and Dayuan Pump Industry rose in tandem.
09:26
The Shanghai Composite opened down 0.06%, and the ChiNext Index rose 0.79%. PCB, batteries, industrial gases, glass fiber, memory, robotics, commercial spaceflight, and CPO were active themes. Lithium mines, stock trading software, and AI application concept stocks weakened.
09:21
The Hang Seng Index opened down 0.07%, Hang Seng Tech Index was flat. MINIMAX, Lenovo Group, XPeng Group, SMIC, and CATL were among the top gainers; Meituan, Bilibili, and Baidu Group were among the top losers.
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