The three major A-share indices all fell, while the STAR 50 index bucked the trend and rose over 1%. Semiconductors surged again, the Hang Seng Tech Index rose over 2%, and tech stocks rebounded.
On July 7, A-shares fluctuated and moved lower. The three main indices fell in the morning session, with the Shanghai Composite Index approaching 4000 points. The ChiNext index turned positive after a brief surge but then fell again. The semiconductor industry chain rebounded, with semiconductor silicon wafers, ASIC chips, and semiconductor industry sectors rising sharply. Lab-grown diamonds and online gaming concept stocks were active, while coal, petrochemicals, and pharmaceutical sectors underwent adjustments.
Hong Kong stocks opened lower and moved higher, with both the Hang Seng Index and Hang Seng Tech Index rising. The Hang Seng Tech Index rose over 2%, and most tech internet stocks performed well. Meituan surged over 6%, and Tencent rose over 4%. Memory chip stocks fell back, with GigaDevice declining nearly 6%. In the bond market, most government bond futures declined. In commodities, domestic commodity futures were mixed, with Shanghai Silver and other metal futures under pressure. Core market trends:
A-shares: As of press time, the Shanghai Composite Index fell 0.89%, the Shenzhen Component Index fell 0.70%, and the ChiNext Index fell 0.60%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.46%, and the Hang Seng Tech Index rose 1.69%.
Bonds: Most government bond futures declined. As of press time, the 30-year main contract rose 0.08%, the 10-year main contract was unchanged, the 5-year main contract fell 0.01%, and the 2-year main contract fell 0.01%.
Commodities: Domestic commodity futures were mixed. As of press time, stainless steel, eggs, and soybean meal rose over 1%. Manganese silicon, Shanghai nickel, Shanghai aluminum, iron ore, industrial silicon, coke, rubber, hot-rolled coil, Shanghai tin, rebar, crude oil rose. Polysilicon, Shanghai copper, coking coal, container shipping index, palladium, alumina, rapeseed, fuel oil, lithium carbonate, pulp, and Shanghai gold fell. Caustic soda, asphalt, glass, and silver fell over 1%.
10:34
The Shanghai Composite Index's decline expanded to 1%, and the ChiNext Index fell 0.9%. Petrochemicals, shipping, pharmaceuticals, and precious metals sectors led the decline.
10:15
Hang Seng Tech Index rose over 2% intraday, Meituan surged over 7%, Tencent rose over 5%.
09:59
Semiconductor silicon wafer concept continued to strengthen, Yoke Silicon hit the 20cm daily limit, Shanghai Crystal rose nearly 10%, Shanghai Silicon Industry, TCL Zhonghuan, Lian Micro, Zhongjing Technology followed up.
On the news, Caitong Securities research report pointed out that in early to mid-May this year, global silicon wafer leaders Shin-Etsu Chemical, SUMCO, and GlobalWafers started the second round of price increases within the year. Regular 12-inch silicon wafers rose 5% to 8%, and high-end specialty silicon wafers for AI/HPC scenarios rose 18% to 22%. The cumulative increase for two rounds within the year exceeded 15%.
09:51
Lab-grown diamond concept stocks surged, Huifeng Diamond rose over 10%, Yeguangming surged over 25%, Huanghe Whirlwind, World, Sifangda, Power Diamond followed up.
On the news, Dongwu Securities believes that with the explosive demand for AI computing power and the catalysis of Nvidia's Rubin architecture, diamond materials are expected to enter an accelerated penetration period. Due to ultra-high thermal conductivity and low thermal expansion characteristics, diamond materials are expected to become an important technical route for the advanced cooling solutions of next-generation high-end AI chips.
09:46
Early trading saw computing power chip concept stocks surge, Muxi shares rose over 10%, Wantong Development, VeriSilicon, Hygon Information, Cambricon, Moore Threads, Loongson followed up.
On the news, Intel is raising CPU prices. This increase mainly targets some consumer-grade Core Ultra processors and Xeon server processors. Among them, high-end Xeon server products as a whole are rising by 7% to 12%.
09:42
Early PCB concept stocks rebounded, Guanghua Technology, Tianhai Electronics, Willgo, Nord Shares hit the daily limit, Jinanguoji, Shandong Fiberglass, Dingtai Hi-Tech, Shengquan Group followed up.
On the news, on July 6, copper-clad laminate leader Kingboard Laminates issued another price increase notice: Due to continued rising market demand, the supply of upstream glass fiber and copper materials is increasingly tight and prices have risen sharply. The company is raising prices for all FR-4, PP materials by 15%, CEM-1/22F by 10%, copper foil processing fee for under 1.5oz +5 RMB/kg, for above 2oz +8 RMB/kg.
09:40
Early terminal-side AI concept stocks surged, Rockchip reached the daily limit, Transsion Holdings, Allwinner Technology, Pinming Technology, Espressif Technology, VeriSilicon, Hengxuan Technology followed up.
On the news, Broadcom announced the expansion of its strategic cooperation with Apple, extending the custom ASIC chip contract to 2031. It will supply custom AI accelerator chips for multiple generations of iPhone, Mac, Vision Pro products to strengthen terminal-side AI computing power deployment.
09:35
Hang Seng Tech Index rose over 1% intraday, Meituan surged over 4%, Tencent, Xiaomi, Lenovo, Li Auto rose over 3%.
09:28
Precious metals concept stocks collectively opened lower, Zhaojin Gold once fell to the daily limit, Xiaocheng Technology, Chifeng Gold, Xingye Silver & Tin, Hunan Silver all opened lower. On the news, spot silver fell below $61/oz, down 1.73% intraday. Spot gold fell below $4,140/oz, down 0.61% intraday.
09:26
The Shanghai Composite Index opened down 0.54%, and the ChiNext Index fell 0.44%. Semiconductor and chip stocks led the decline, with memory and advanced packaging sectors dropping most. Building materials and precious metals were weak; construction machinery sector performed strongly.
09:21
The Hang Seng Index opened down 0.2%, and the Hang Seng Tech Index fell 0.37%. Resource stocks led the decline, pharmaceutical stocks retraced.
Risk Warning and DisclaimerThe market entails risk; investments should be made with caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article suit their specific circumstances. Investment based on this is at your own risk.