The ChiNext index turned negative during the session, while biopharmaceuticals and innovative drugs surged, real estate and semiconductors declined, the Hang Seng Index and Hang Seng Tech Index both fell, and the two leading AI model companies rebounded.
On September 30th, A-shares opened higher across the board, with the three major indices initially rising in a volatile manner. However, the Shenzhen Component Index and the ChiNext Index turned lower during the session. The biotechnology sector surged, with CRO, innovative drug, and vaccine concept stocks generally rising. The automotive, coal, shipping, and petrochemical sectors also performed strongly. Real estate saw significant pressure, with Vanke briefly hitting its daily limit down. Semiconductor stocks corrected, with advanced packaging and GPU concept stocks declining.
Hong Kong stocks opened lower and continued to decline, with both the Hang Seng Index and Hang Seng Tech Index falling. Most tech stocks declined, with chip stocks under pressure. GigaDevice and Montage Technology led the losses. AI large-scale model stocks rebounded, with Zhipu and MINIMAX both rising over 5%. In the bond market, treasury bond futures fell across the board. In commodities, domestic commodities showed divergence. Core market trends:
A-shares : As of press time, the Shanghai Composite Index rose 0.18%, the Shenzhen Component Index fell 0.11%, and the ChiNext Index fell 0.16%.
Hong Kong stocks : As of press time, the Hang Seng Index was down 0.27% and the Hang Seng Tech Index was down 0.59%.
Bond Market : Treasury bond futures fell across the board. As of press time, the 30-year main contract fell 0.41%, the 10-year main contract fell 0.10%, the 5-year main contract fell 0.05%, and the 2-year main contract fell 0.01%.
Commodities : Most domestic commodity futures rose. As of press time, rubber rose more than 4%, alumina and soybean meal rose 1%, and gold, palladium, coking coal, glass, iron ore, platinum, copper, rebar, tin, polysilicon, industrial silicon, fuel oil, and hot-rolled coil all rose. Rapeseed, manganese silicon, eggs, lithium carbonate, aluminum, coking coal, stainless steel, pulp, and shipping index were under pressure. Nickel, asphalt, and crude oil fell more than 1%.
10:17
JAC Motors' stock price surged again, hitting the daily limit, boosting the entire automotive sector. GAC Group and BAIC Blue Valley also saw significant gains. Reports indicate that expectations for the launch of Huawei's Zunjie SUV in early 2027 are rising, and JAC is deepening its cooperation with Huawei in the commercial vehicle market.
09:51
Major funds flowed into companies like InnoLight Technology, Eoptolink, and Tianfu Communication, with leading optical communication stocks generally showing activity. In terms of news, Trump met with tech giants, renaming AI "superintelligence," stating it requires no legislative regulation and "far surpasses the Industrial Revolution."
09:41
The wind power equipment sector performed strongly, with Weili Transmission rising by over 10%, followed by gains in Dajin Heavy Industry, Taisheng Wind Power, Haili Wind Power, and Zhenhong Shares.
In terms of news, during the "15th Five-Year Plan" period, my country will strengthen the development, utilization and protection of the ocean. It is expected that by 2030, the national marine GDP will exceed 13 trillion yuan, and the installed capacity of offshore wind power will double to 100 million kilowatts.
09:39
The innovative drug concept has been repeatedly active, with CanSino Biologics hitting the 20cm daily limit, and other companies such as Tylenol, Harbin Pharmaceutical Group, Keycare Technology, Asiaray Pharmaceutical, and Walvax Biotechnology following suit with rapid gains.
In terms of news, on September 29, Summit announced that AstraZeneca will invest $2 billion in the company as a strategic equity investment and will lead the clinical research of Evoxisin in combination with AstraZeneca's Sonesitatug Vedotin (Sone-Ve, CLDN18.2 ADC) for the treatment of various gastrointestinal tumors. At the same time, the two companies intend to further advance clinical exploration of combination therapies between Evoxisin and AstraZeneca's portfolio of ADC drugs and other anti-tumor drugs.
09:36
The agricultural sector saw a volatile upward trend, with Hainan Rubber hitting the daily limit, and Qiule Seed Industry, Dunhuang Seed Industry, Shennong Seed Industry, and Kangnong Seed Industry following suit.
According to the National Climate Center of the China Meteorological Administration, since September, sea surface temperatures in the central and eastern equatorial Pacific have continued to warm, marking the first time since records began that the sea surface temperature index on both cyclical and decadal scales has exceeded 3°C. The peak sea surface temperature index is expected to occur around November, at 3.2°C to 3.5°C, which will form the strongest super El Niño event on record.
09:34
The disperse dye concept stocks continued to strengthen, with Shanshui Technology achieving a 3-day winning streak (20cm), Yabang Shares achieving a 2-day winning streak, and Kobai, Jinji Shares, Wanfeng Shares, Acetic Acid Shares, and Runtu Shares following suit.
On the news front, domestic dye and upstream intermediate prices have continued to rise recently, with textile stockpiling during the peak season of September and October driving up the prosperity of the chemical dye industry chain. Data shows that since the low point in June, the price of disperse dyes has increased by more than 30%, and reactive dyes have increased by 55%; the price of the core intermediate H acid has risen from 61 yuan/kg to 145 yuan/kg, an increase of 138%, becoming the core driving force for this round of price increases.
09:33
Vanke A, World Union Properties, and I Love My Home all hit their daily limit down, indicating significant selling pressure in the real estate sector. In related news, the central government is providing interest subsidies for residential home loans for the first time: starting in October, the subsidies can save up to nearly 50,000 yuan.
09:26
The Shanghai Composite Index opened 0.23% higher, while the ChiNext Index rose 0.7%. The optical communication sector strengthened, while the real estate sector saw a correction.
09:21
The Hang Seng Index opened 0.53% lower, while the Hang Seng Tech Index fell 0.41%. Vanke, China Merchants Bank, and BYD saw corrections, while Yangtze Optical Fibre and Cable, Cambridge Technology, and InnoLight Technology strengthened.
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