The three major A-share indexes fluctuated and rebounded, the STAR 50 Index fell by more than 1%, chip and semiconductor sectors underwent a broad correction, while the power sector bucked the trend and surged, and the Hang Seng TECH Index dropped 1%.

The three major A-share indexes fluctuated and rebounded, the STAR 50 Index fell by more than 1%, chip and semiconductor sectors underwent a broad correction, while the power sector bucked the trend and surged, and the Hang Seng TECH Index dropped 1%.

May 13, A-shares fluctuated and fell in the morning session, with the three major indexes collectively dropping at the open. The ChiNext Index once fell 1%, and the STAR 50 Index dropped more than 2%. Later, all three major indexes recovered amid fluctuations. Computing power hardware stocks fully adjusted, with GPU, memory chips, semiconductors among the top decliners. Power sector continued to rise, triggering stock limit-ups. Hong Kong stocks opened lower and trended downward, with the Hang Seng Tech Index falling 1%. Most tech stocks were down. In the bond market, government bond futures mostly rose. In commodities, domestic commodity futures diverged, with the container shipping index rising over 3%, and coking coal dropping more than 3%. Core market movements: A-shares: As of publication, the Shanghai Composite was flat, Shenzhen Component Index up 0.20%, ChiNext Index up 0.05%. Hong Kong stocks: As of publication, the Hang Seng Index fell 0.39%, Hang Seng Tech Index fell 0.82%. Bond market: Government bond futures all rose. As of publication, the main 30-year contract rose 0.05%, the 10-year contract rose 0.06%, the 5-year contract rose 0.07%, and the 2-year contract rose 0.03%. Commodities: Domestic commodity futures diverged. As of publication, the container shipping index rose over 3%; Shanghai copper, Shanghai silver, soybean meal, etc., rose over 1%. Polysilicon, platinum, asphalt, methanol, Shanghai tin, rubber, glass, Shanghai aluminum, etc., moved higher. Lithium carbonate, manganese silicon, pulp, hot rolled coil, rebar, Shanghai gold, alumina, etc., dropped. Coking coal fell over 3%. 10:27 The three major indexes all turned positive. The ChiNext Index, which once fell over 1%. UHV, superhard materials, and computing power leasing concept stocks led gains. 10:03 Hang Seng Tech Index fell 1% intraday. Hua Hong Semiconductor dropped over 6%, SMIC dropped nearly 5%. 10:02 The green electricity concept expanded its gains intraday. Coordinated computing-power direction continued to lead. Mindong Electric hit its limit-up; Datang Power previously had a six consecutive limit-ups; Huadian Liaoneng had nine limit-ups in 14 days. Ningbo Energy, Liaoning Energy, Jinneng Power, Dongfang Xinneng and several others hit limit-ups. 10:01 ChiNext Index dropped more than 1%, STAR 50 dropped more than 2.5%, Shanghai Composite fell 0.26%, Shenzhen Component Index fell 0.55%. Semiconductor, insurance, securities brokers, real estate sectors led declines. Nearly 3,000 stocks fell in Shanghai, Shenzhen, and Beijing. 09:57 Glass substrate concept stocks jumped sharply in the morning session. Rainbow Holdings hit limit-up; New Yi Chang rose over 10%. Vog Optoelectronics, OneStone, Kaisheng Technology, AnCai High-Tech, Five-Five Optoelectronics followed higher. News: SK Group’s SKC recently announced plans to issue 11.73 million new shares to raise 1.17 trillion KRW (about RMB 5.3 billion), with about 589.6 billion KRW earmarked for its glass substrate business, which will be executed by subsidiary Absolix. 09:51 Power grid equipment concept stocks repeatedly strengthened. Han Cable Holdings saw two consecutive limit-ups. Baobian Electric, Sanbian Technology, Zhiguang Electric, Jinpan Technology, Sidian Xinneng followed higher. News: Driven by a 350% surge in token demand, capital expenditure forecast for hyperscale cloud service providers in 2026 was sharply raised from $450 billion to $800 billion. Morgan Stanley expects data centers will face a 55GW power gap. 09:43 Power stocks surged with limit-ups. Datang Power had six consecutive limit-ups. Jinneng Power, Jingneng Power, Ningbo Energy, Shaoneng Holdings and others also hit limit-ups. 09:26 Shanghai Composite opened down 0.53%, ChiNext Index down 0.87%. Computing power hardware and semiconductor industry chain experienced significant adjustments. CPO, memory, and optical fiber sectors led declines. Industrial metals, AI applications, satellite navigation, humanoid robot concept stocks weakened. Gold and power sectors strengthened. 09:21 Hang Seng Index opened up 0.08%, Hang Seng Tech Index fell 0.3%. Hua Hong Semiconductor and SMIC dropped over 2%. Baidu Group, NetEase, Alibaba led declines. JD Logistics rose over 7%, Pop Mart rose nearly 4%. 09:01 Commodity futures opened. LU fuel oil, crude oil, and LPG main contracts rose over 2%. International copper and fuel oil rose over 1%. Coking coal fell more than 3%, coke dropped over 2%. Polysilicon, live hog, industrial silicon, alumina fell over 1%. Risk Warning and Disclaimer The market has risks; investment requires caution. This article does not constitute personal investment advice and does not take into account the individual user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, views, or conclusions herein fit their particular circumstances. Investment is at their own risk.