The three major A-share indices fell together, computing hardware was active against the trend, the Hang Seng Tech Index fell more than 1%, AI large model stocks rebounded, and Zhipu rose 7%.

April 9, A-shares and Hong Kong stocks came under pressure in early trading, due to ongoing uncertainties in the Middle East geopolitical situation. According to a Wall Street Insights article, the first day of the US-Iran ceasefire saw unexpected developments; Trump repeatedly shifted his stance, refusing to recognize Iran's "10-point plan" as a basis. A-shares opened lower in early trading, with the three major indices falling as the session began. The ChiNext Index once dropped more than 1%. Computing power hardware stocks continued to be active, including copper-clad laminate, CPO, and circuit boards. Precious metals and other sectors saw adjustments. Hong Kong stocks opened lower and continued to decline. Both the Hang Seng Index and the Hang Seng Tech Index fell, with the Hang Seng Tech Index dropping more than 1%. Tech stocks retreated across the board, while AI large model stocks bucked the trend and surged, with Zhipu rising over 7%. In the bond market, most treasury bond futures fell. In commodities, most domestic commodity futures declined, with the Container Shipping Index up more than 3%. Crude oil, fuel oil, and ethylene glycol saw significant declines. Core market trends: A-shares: As of the time of publication, the Shanghai Composite Index was down 0.56%, the Shenzhen Component Index fell 0.27%, and the ChiNext Index dropped 0.69%. Hong Kong stocks: As of the time of publication, the Hang Seng Index was down 0.49%, and the Hang Seng Tech Index was down 0.95%. Bond market: Most treasury bond futures fell. As of the time of publication, the dominant contract for 30-year bonds was up 0.14%; the 10-year, 5-year, and 2-year main contracts each fell 0.02%. Commodities: Most domestic commodity futures declined. As of the time of publication, the Container Shipping Index rose over 3%, rapeseed and palladium rose 1%, eggs, industrial silicon, soybean meal, pulp, stainless steel, Shanghai silver, Shanghai copper, and Shanghai nickel performed well. Rubber, rebar, Shanghai gold, alumina, platinum, Shanghai tin, Shanghai aluminum fell; fuel oil, coking coal, iron ore, caustic soda, asphalt, manganese silicon, and propylene fell more than 1%; lithium carbonate and polysilicon fell more than 2%; crude oil, methanol, and ethylene glycol dropped more than 4%. 09:42 CPO concept stocks strengthened again in early trading. Dongshan Precision hit the daily limit, Changxin Bochuan jumped over 5% and continued to reach a new historic high, while Liante Technology, Huamao Technology, Dekeli, and Cambridge Technology also rose. Anthropic officially announced a new agreement signed with Google and Broadcom, under which Anthropic will receive a total of about 3.5GW of next-generation TPU computing power to meet extremely strong market demand. 09:35 Innovative drug stocks were active against the trend in early trading. Yibai Pharmaceutical achieved three daily limit boards in six days, Meinova hit the daily limit, while Jin Cheng Pharmaceutical, Jin Ling Pharmaceutical, Luoxin Pharmaceutical, Ruikang Pharmaceutical, and others followed the rise. According to the news, the 2026 AACR Annual Meeting will open on April 17, with more than 100 Chinese pharmaceutical companies presenting nearly 400 research results, covering hot tracks such as ADC, bispecifics, nuclear medicine, and key targets like CDH17, Claudin18.2. The ASCO meeting in May will follow, forming a dense data catalyst cycle. 09:31 The ChiNext Index dropped more than 1%, the Shanghai Composite Index fell 0.68%, and the Shenzhen Component Index declined 0.93%. Nonferrous metals, airports and shipping, games and other sectors saw the largest declines. Nearly 4,800 stocks fell across the Shanghai, Shenzhen, and Beijing markets. 09:26 The Shanghai Composite Index opened down 0.69%, and the ChiNext Index dropped 0.94%. Duty-free tax rebates, PCB, gold, high-speed copper connections, memory, semiconductors, AI applications, and computing power leasing themes all pulled back, while local lithium mines and oil & gas sectors strengthened. 09:21 The Hang Seng Index opened down 0.53%, and the Hang Seng Tech Index fell 1.11%. Tech stocks fell across the board, with Kuaishou, Hua Hong Semiconductor, Kingdee International, and Alibaba dropping over 2%. Risk Warning and Disclaimer The market carries risks, and investment should be prudent. This article does not constitute personal investment advice and has not taken into account the individual user’s specific investment objectives, financial circumstances, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular situation. Investments made in accordance with this information are at your own risk.