The Shanghai Index returned to 4100 points, brokers surged, the STAR 50 rose nearly 2% again, the semiconductor industry chain was active, photovoltaic inverters all fell, and Sungrow Power Supply once hit the limit-down.

The Shanghai Index returned to 4100 points, brokers surged, the STAR 50 rose nearly 2% again, the semiconductor industry chain was active, photovoltaic inverters all fell, and Sungrow Power Supply once hit the limit-down.

On July 1st, A-shares fluctuated and diverged. The Shanghai Composite Index rose slightly at the start of the session, returning to 4100 points. The Growth Enterprise Market Index (GEM) came under overall pressure, once dropping 1%, while the STAR 50 rose over 1% again. The semiconductor industry chain broke out, pushing up directions like semiconductor materials and semiconductor silicon wafers. Sectors such as brokerage, petrochemicals, and real estate were active. The photovoltaic industry chain collectively underwent adjustment, with photovoltaic inverters and energy storage plummeting, and Sungrow Power Supply once hitting the daily limit-down.

In the bond market, government bond futures collectively fell. In commodities, domestic commodity futures generally declined. Core market trends:

A-shares: As of press time, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.31%, and the GEM Index fell 0.27%.



Hong Kong Stocks: The Hong Kong stock market is closed today due to the holiday.

Bonds: Government bond futures fell across the board. As of press time, the main 30-year contract fell 0.14%, the main 10-year contract fell 0.07%, the main 5-year contract fell 0.04%, and the main 2-year contract fell 0.01%.



Commodities: Domestic commodity futures generally fell. As of press time, lithium carbonate bucked the trend and rose nearly 4%. A few varieties like asphalt, eggs, polysilicon, Shanghai tin, rubber, pulp rose. Container shipping index, stainless steel, soybean meal, hot-rolled coil, manganese silicon, Shanghai gold, industrial silicon, Shanghai nickel all dropped. Glass, caustic soda, iron ore, palladium, Shanghai aluminum, rapeseed, coking coal, coke all fell more than 1%.

10:21

The memory chip concept continues its strength. Yingxin Development hit the board 3 times in 4 days. Previously, Lingxian Shares and Shikong Technology hit the upper limit. Puran Shares and Beijing Junzheng rose over 10%. JWB Dragon, Shengnong Chip, Baiwei Storage, and others followed the rise.

On the news front, a JPMorgan research report shows that this round of memory super cycle will be “higher and longer.” Global memory TAM will soar from $214 billion in 2025 to $1.68 trillion in 2028. DRAM revenue is expected to reach $1.23 trillion in 2028; CPUs have become a new core catalyst for rising memory prices.

10:11

Brokerage stocks surged, with Huaan Securities hitting the daily limit, Tianfeng Securities rising over 8%, and Changjiang Securities rising over 6%.

10:08

The semiconductor materials index soared, with Jinhong Gas, Dongfang Zirconium, Haohua Tech, and Do-Fluoride limiting up. Youyan Silicon and Kaide Quartz rose over 10%.

09:52

The humanoid robot concept was repeatedly active, with Tuosda rising over 16%, Meili Tech rising over 10%. Founder Motor, Ruineng Tech, Julun Intelligent, and Wuzhou Xinchun followed the rise.

On the news front, the mass production signal for Tesla Optimus 3 became more clear. The production line of the Fremont plant in California has been remodeled, and mass production of V3 is scheduled to formally begin in July to August. More than 10 Chinese suppliers have already entered the supply chain. In addition, at UBTech’s 2026 global launch, Chairman and CEO Zhou Jian stated that cumulative channel orders for the ultra-bionic humanoid robot "YouWorld U1" series have exceeded 10,000 units.

09:42

The memory chip concept quickly surged, with Shikong Technology hitting the daily upper limit and reaching a historic high. Golden Sun rose over 10%. Shengnong Chip, Longke Technology, Beijing Junzheng, Puran Shares, and Baiwei Storage followed the rise.

09:36

The energy storage concept index fluctuated downward in early trading, with the inverter direction leading the fall. Sungrow Power Supply fell over 15%. Chint Power, Ginlong Tech, GoodWe, and Deye Shares followed the decline.

On the news front, according to Observer.com, on June 30 local time, Reuters cited five informed sources saying that the Trump administration is drafting a ban on the import of foreign-made inverters, with baseless worries that China might use these inverters to disrupt power supply. It is explained that inverters are key devices in energy facilities, converting the electricity generated by solar panels or batteries into power usable by household appliances. They allow remote access for updates and maintenance. According to the above sources, the U.S. Federal Communications Commission (FCC) is drafting restrictions that will apply to new types of foreign inverter models, possibly being released as early as this year.

09:26

The Shanghai Composite Index opened down 0.09%, and the GEM Index fell 0.15%. Photovoltaics, CRO, generic drugs, AI applications, CPO concept stocks weakened; fluorochemical, lithium mining, glass fiber, humanoid robots, online games, and vehicle-cloud concept stocks strengthened.

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