The three major A-share indices all fell in the morning session, with real estate stocks surging again and Vanke hitting the daily limit. PCB and CRO stocks bucked the trend and rose, while the Hang Seng Index fell 1%, and tech stocks generally declined.

The three major A-share indices all fell in the morning session, with real estate stocks surging again and Vanke hitting the daily limit. PCB and CRO stocks bucked the trend and rose, while the Hang Seng Index fell 1%, and tech stocks generally declined.

On September 23, A-shares fluctuated and fell, with the three major stock indexes all declining in the morning session. The real estate sector rebounded again, with Vanke A and other stocks hitting the daily limit. Concept stocks such as CRO, glass substrate, and circuit board rose against the trend, while energy equipment, cultural media, and AI office sectors fell into adjustment.

Hong Kong stocks opened lower and continued to decline, with both the Hang Seng Index and the Hang Seng Tech Index falling. The Hang Seng Tech Index dropped 1%, with heavyweight tech stocks retreating. Alibaba fell nearly 4%, and Tencent fell over 2%. Memory chip stocks were active, with GigaDevice and Montage Technology among those rising. In the bond market, treasury bond futures fell across the board. In commodities, most domestic commodity futures declined. Core market trends:

A-shares : As of press time, the Shanghai Composite Index fell 0.23%, the Shenzhen Component Index fell 0.45%, and the ChiNext Index fell 0.53%.



Hong Kong stocks : As of press time, the Hang Seng Index was down 0.89% and the Hang Seng Tech Index was down 0.88%.



Bond Market : Treasury bond futures fell across the board. As of press time, the 30-year main contract fell 0.01%, the 10-year main contract fell 0.02%, the 5-year main contract fell 0.02%, and the 2-year main contract fell 0.01%.



Commodities : Domestic commodity futures were mixed. As of press time, nickel, industrial silicon, and manganese silicon rose by more than 1%, while platinum, stainless steel, shipping index, polysilicon, rubber, iron ore, silver, alumina, tin, hot-rolled coil, and gold all rose. Eggs, copper, soybean meal, rebar, aluminum, coking coal, coke, glass, palladium, caustic soda, and rapeseed fell. Lithium carbonate, pulp, fuel oil, and asphalt fell by more than 1%, and crude oil fell by more than 3%.

10:06

CROs once again led the concept sector, with Aupram and Innovent rising over 11%, while WuXi AppTec, Pharmaron, Asymchem, and Tigermed steadily climbed. Analysts believe the core positive factors for CROs are: the "15th Five-Year Plan" from ten departments (policy) + intensive catalysts from AI-driven pharmaceuticals (theme) + strong performance and order book growth (fundamentals) + a recovery in investment and financing (capital).

09:55

Vanke A shares surged to the daily limit.

09:51

The CRO concept has been repeatedly active, with Yiqiao Shenzhou rising by more than 10%, Nanhua Bio hitting the daily limit, and Yinuosi, Aoxing Pharmaceutical, Boteng Pharmaceutical, and Heyuan Bio following suit.

The glass substrate concept stocks performed actively, with Woge Optoelectronics nearing its daily limit, and Di'er Laser, Rainbow Optoelectronics, Linuo Pharmaceutical Packaging, and BOE Technology Group following suit.

The PCB concept stocks strengthened again in the morning session, with Dajia Shengxiang hitting its fourth consecutive limit up, Mankun Technology rising by more than 10%, and Sihui Fushi, Xiehe Electronics, Aohong Electronics, and Weiergao among the top gainers.

09:44

The real estate sector rallied again, with I Love My Home and Huayuan Holdings hitting their third consecutive daily limit, and China Enterprises rising to its daily limit. Vanke A, Huali Family, World Union Properties, and Tefu Service followed suit.

09:44

Storage stocks rallied, with Dapu Microelectronics-UW and Biwin Storage leading the gains, rising over 3%. Montage Technology, Changxin Technology, Jiangbolong, and Demingli also saw significant increases. Overnight, US storage concept stocks generally rose, with SanDisk up over 6% and Micron Technology up 5%.

09:36

MLCC (Multi-Layer Ceramic Capacitor) stocks surged, with companies like Sanhuan Group, Fenghua Advanced Technology, Sinocera Materials, SDI, and Jiejie Microelectronics all rising. Recently, leading global MLCC manufacturers have successively raised their product prices, primarily driven by strong demand for high-capacity models from the computing power supply chain.

09:26

The Shanghai Composite Index opened 0.02% lower, while the ChiNext Index rose 0.37%. Shipping, power, oil and gas, and CRO sectors saw corrections. Storage and non-ferrous metals sectors were active.

09:21

The Hang Seng Index opened 0.09% lower, while the Hang Seng Tech Index rose 0.01%. The financial and oil & gas sectors saw corrections. Montage Technology, Asymchem Laboratories, and GigaDevice Semiconductor strengthened.

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