The Shanghai Composite Index fell nearly 1%, the STAR 50 Index dropped over 2%, AI hardware stocks declined across the board, with Cambricon falling over 7%. Government bonds rose, while commodities fell.

The Shanghai Composite Index fell nearly 1%, the STAR 50 Index dropped over 2%, AI hardware stocks declined across the board, with Cambricon falling over 7%. Government bonds rose, while commodities fell.

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On September 4, A-shares fluctuated lower in the morning session, with all three major indexes falling collectively. The Shanghai Composite fell back below 3800 points, the ChiNext Index reversed to drop more than 1% after once rising over 1.5%. Power batteries, lithium batteries, energy storage and other new energy industry chain stocks were active, while CPOs, GPUs and other AI hardware stocks collectively declined. Hong Kong stocks fluctuated and fell back, with both the Hang Seng Index and the Hang Seng Tech Index turning negative. Apple concept stocks rebounded. In the bond market, government bond futures continued to rise, with the main 30-year contract up 0.3%. In commodities, domestic commodity futures maintained their downward trend, with coking coal falling nearly 3%. Core market movements:

A-shares: As of this writing, the Shanghai Composite is down 0.83%, the Shenzhen Component Index is down 0.66%, and the ChiNext Index is down 1.09%.



Hong Kong stocks: As of this writing, the Hang Seng Index is down 0.15%, and the Hang Seng Tech Index is down 0.07%.



Bonds: Treasury bond futures rose again. As of this writing, the main 30-year contract is up 0.32%, the main 10-year contract is up 0.15%, the main 5-year contract is up 0.08%, and the main 2-year contract is up 0.02%.



Commodities: Domestic commodity futures continued to decline. As of this writing, coking coal, coke, fuel oil are down over 2%, with coking coal down nearly 3%; alumina, bitumen, container shipping index all down over 1%; aluminum, pulp, glass, industrial silicon, rebar, manganese silicon, lithium carbonate, stainless steel, hot-rolled coil, copper, etc. all declined, with only a few categories such as eggs, polysilicon, and soybean meal rising.

09:53

AI hardware sector declines further, with Zhongji Innolight, Tianfu Communication, and Eoptolink all down more than 10%. HG Tech, Changguang Huaxin, and Cambridge Technology all fall more than 6%.

09:49

The ChiNext index reverses to decline, with the STAR 50 Index down more than 2%.

09:43

The CPO concept opened high but turned lower. Tianfu Communication fell over 7%, Taichen Optoelectronics fell more than 6%, and Zhongji Innolight dropped over 4%.

GPU concept stocks also adjusted, with Cambricon down more than 7%, and Tongfu Microelectronics, Hygon Information, etc. among the leading decliners.

09:39

Power battery concept stocks surged collectively, with Tianhong Lithium Battery hitting the 30CM limit, Zhongwei Co., EVE Energy, and Funeng Technology among the biggest gainers.

Solid-state battery concepts soared, with Orient Zirconium and Tianji Holdings both hitting limit-up, Haibosi Chuang and EVE Energy up more than 10%, Zhongwei, Hangke Technology, Funeng Technology, Pylon Technologies, Xianhui Technology all rising over 5%.

09:31

Treasury bond futures opened up across the board, with the main 30-year contract up 0.36%, the 10-year up 0.12%, the 5-year up 0.09%, and the 2-year up 0.01%.

In the open market, the central bank announced that on September 4, it conducted 212.6 billion yuan 7-day reverse repo operations through a fixed-rate, volume-tender method, with an interest rate of 1.40%. The tender volume and winning volume were both 212.6 billion yuan. Wind data shows that 416.1 billion yuan of reverse repos matured on the day, with a net withdrawal of 203.5 billion yuan.

09:26

The Shanghai Composite opened down 0.15%, and the ChiNext Index rose 1.18%. New energy remained active, with inverter and HJT battery concepts leading gains. CPO concept continued to strengthen, with Eoptolink and Zhongji Innolight both opening more than 2% higher; GPU, automobile, and military sectors led declines.

09:21

The Hang Seng Index opened up 0.57%, and the Hang Seng Tech Index rose 0.74%. Tencent Music was up 2.7%, BYD, JD.com, BYD Electronics, and Sunny Optical Tech all rose over 1%.

09:16

The RMB central parity rate against the USD was reported at 7.1052, up 56 points; the previous trading day's central parity was 7.1108, previous official close was 7.1468, and the previous night session closed at 7.1415.

09:01

Commodity futures opened, with the main coking coal contract down more than 3%. Coke, LU fuel oil, alumina, lithium carbonate fell over 2%. Caustic soda, fuel oil, crude oil, PTA declined over 1%. Eggs and Shanghai gold rose more than 1%.

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