The Shanghai Composite Index fell nearly 1%, while liquor stocks rose against the trend; chemicals and non-ferrous metals both declined. The Hang Seng Tech Index once rose 1%, with tech internet stocks collectively rebounding.
On March 16, A-shares fluctuated and consolidated, with the Shanghai Composite Index dropping nearly 1%, the ChiNext Index rising slightly, and sectors such as liquor, diversified finance, and agriculture trending upward. Memory concept stocks rose against the trend, while precious metals, chemical raw materials, lithium mining, and other concept stocks underwent broad adjustments. Hong Kong stocks rose across the board in early trading, with the Hang Seng Tech Index once up 1%, and most tech internet stocks rebounding.
In the bond market, government bond futures collectively declined. In commodities, most domestic commodity futures fell, with precious metals experiencing the biggest losses. Core market trends:
A-shares: As of press time, the Shanghai Composite Index is down 0.79%, the Shenzhen Component Index down 0.9%, and the ChiNext Index up 0.11%.
Hong Kong stocks: As of press time, the Hang Seng Index is up 0.37% and the Hang Seng Tech Index is up 0.78%.
Bonds: Government bond futures all declined. As of press time, the main 30-year contract fell 0.59%, the main 10-year contract fell 0.15%, the main 5-year contract fell 0.10%, and the main 2-year contract fell 0.04%.
Commodities: Most domestic commodity futures fell. As of press time, asphalt soared over 11%, crude oil and fuel oil rose significantly, the container shipping index rose over 2%, palladium, lithium carbonate, polysilicon, Shanghai gold, Shanghai nickel, soybean meal fell sharply, stainless steel, Shanghai copper, glass also declined.
10:51
Zhichipu in Hong Kong stocks once surged 16% in early trading, but gains narrowed to 8%. Previously, it was reported that Zhichipu released the Lobster Base Model GLM-5-Turbo, raised API prices by 20%, and launched the "Lobster Package".
10:46
The Shanghai Composite Index fell more than 1%, with non-ferrous metals and chemicals sectors leading the decline.
10:40
The liquor sector rose against the trend, with Huangtai Wine hitting its daily limit, Jinhuijiu, Jiuguijiu, and Kweichow Moutai following suit.
On the news front, data from the National Bureau of Statistics show that from January to February, retail sales of consumer goods totaled 8,607.9 billion yuan, up 2.8% from the previous year, accelerating by 1.9 percentage points compared to December.
By consumption type, retail sales of goods were 7,581.5 billion yuan, up 2.5%; restaurant revenue was 1,026.4 billion yuan, up 4.8%. Sales of basic living items and some upgraded categories of goods grew rapidly. Retail sales of garments, shoes, hats, knitwear and textiles, grain and food, communication equipment, and gold and silver jewelry from designated units above the quota increased by 10.4%, 10.2%, 17.8%, and 13.0% year-on-year respectively.
The agriculture sector continued to rise, with bio-breeding, aquaculture, and chicken industry directions surging. Agricultural Development Seed Industry soared to daily limit, Denghai Seed Industry, Qiule Seed Industry, and Shennong Seed Industry followed with strong gains.
On the news front, the Hubei Provincial Party Committee and Provincial Government recently released implementation opinions on steadfastly promoting comprehensive rural revitalization anchored to agricultural and rural modernization, with multiple key initiatives focusing on agricultural technology innovation and industrial upgrading. It mentioned accelerating agricultural technological innovation and application, developing new-quality agricultural productivity suitable for local conditions, and continuously promoting agricultural scientific and technological innovation. It also covered coordinated construction of various agricultural science platforms like Hongshan Laboratory, building and operating the provincial crop germplasm resource mid-term repository, promoting innovation in bio-breeding, bio-manufacturing, modern agricultural product processing, and digital agriculture, and thoroughly implementing the seed industry revitalization action.
10:30
OpenClaw concept stocks strengthened, with Zhichipu up over 9% and Meituan up over 3%.
On the news front, WeChat Work now supports one-click scan for accessing OpenClaw. Users can select “Quick Configuration” in the Tencent Cloud backend, click “Authorize”, and scan with WeChat Work for immediate creation of a smart robot. Mainstream cloud service providers, large model vendors, and OpenClaw ecosystem products like Tencent Cloud Lighthouse, KimiClaw, MaxClaw, WorkBuddy, Zhichipu AutoClaw are launching support for OpenClaw access via WeChat Work.
10:27
Lithium mining concept stocks fell sharply during the session, with Tibet Urban Investment hitting its lower limit, Huayou Cobalt, Salt Lake, China Mineral Resources, Tibet Summit, and Yongxing Materials all down over 5%.
10:20
Memory chip concept stocks performed actively, Baiwei Storage rose over 7% to a new all-time high, Longtech Technology hit the 20cm daily limit, Beijing Junzheng, Hengshuo shares, GigaDevice, and Dawei shares also rose.
On the news front, market research firm CounterPoint Research stated that unlike previous cycles, demand in the current memory market does not decline even as prices rise. The supply shortage issue will not be substantively resolved until at least the second half of 2027.
10:18
The battery industry chain warmed up, with Vico Technology hitting its daily limit, Haike New Energy up over 9%, Wanrun New Energy, Shida Shenghua, Huasheng Lithium Battery, Fangyuan shares, Tianji shares, and Hunan Youneng also rising.
10:08
Computing power leasing concept stocks rebounded during the session, 263 reversed and hit daily limit, Guiguang Network touched the daily limit, Longtech Technology rose over 10%, Chengdi Xiangjiang, Hongbo shares, Huasheng Tiancheng, and Lianhua Holdings followed with gains.
09:58
The liquor sector surged against the trend during the session, with Huangtai Wine hitting its daily limit, Jinhuijiu, Jiuguijiu, Kweichow Moutai, Jinzhongzi Wine, and Shede Wine following with gains.
On the news front, Guojin Food & Beverage Research Report pointed out that Kweichow Moutai launched the sale agency policy for non-standard products, and price trends in the industry are showing signs of reaching a bottom. With the arrival of the low base window and strong C-end consumption during the Spring Festival, destocking in the industry continues to progress and is expected to gradually stabilize.
09:43
The Shenzhen Component Index dropped over 1%. Non-ferrous metals, computing hardware, and power grid sectors led the decline, with nearly 2,900 stocks down across Shanghai, Shenzhen, and Beijing.
09:37
The chemical sector continued last week’s strong trend, Chitianhua achieved 6 daily limit boards in 14 days, Kingenta, Sanfangxiang, and Youfu shares hit the daily limit, Jinniu Chemical, Luhua Technology, Adama followed with gains.
On the news front, shipping data show that there are currently 21 ships carrying urea, sulfur, and phosphate fertilizer stuck in the Persian Gulf, involving nearly one million tons of fertilizer raw materials. If shipping interruptions become routine, global supply of fertilizer raw materials may decrease by 30% to 50%.
09:26
The Shanghai Composite opened down 0.08%, ChiNext up 0.41%. Aquaculture and stablecoin concepts led the gains, non-ferrous metals sector sluggish.
09:21
The Hang Seng Index opened down 0.12%, Hang Seng Tech Index up 0.21%.
09:01
Domestic commodity futures declined across the board in early trading. As of press time, precious metals led the losses, with Shanghai silver down 4.30%; all new energy materials fell, polysilicon down 3.33%; most oils and oilseeds declined, with soybean meal down 2.78%; most base metals fell, with Shanghai tin down 2.57%; most in black metals fell, iron ore down 1.84%; all shipping futures fell, container shipping index (Europe) down 0.45%; chemicals led gains, with asphalt up 3.57%; energy commodities mixed, crude oil up 1.94%.
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