The three major A-share indices fluctuated downward, computing hardware was active, Zhongji Xuchuang's market value surpassed one trillion yuan, the Hang Seng Tech Index fell over 2%, and since its listing, Zhipu has soared 800%.

The three major A-share indices fluctuated downward, computing hardware was active, Zhongji Xuchuang's market value surpassed one trillion yuan, the Hang Seng Tech Index fell over 2%, and since its listing, Zhipu has soared 800%.

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On April 23, A-shares fluctuated and rose in the morning session. After all three major indexes opened higher, they collectively turned lower. Optical module stocks surged and then fell back, with leading stock Zhongji Xuchuang's market value surpassing 1 trillion yuan. AI computing power and computing power leasing concept stocks pulled up, while liquor, military industry, energy equipment and other sectors strengthened. Nonferrous metals, shipping and other sectors collectively adjusted.

Hong Kong stocks continued to open low and move lower. Both the Hang Seng Index and the Hang Seng Tech Index fell, with the Hang Seng Index down nearly 1% and the Hang Seng Tech Index down more than 2%. Tech internet stocks generally declined. Hua Hong Semiconductor fell more than 5%. AI application stocks diverged, with Zhipu up against the trend over 5%, with an accumulated increase of 800% since its listing. In the bond market, government bond futures fell across the board. In terms of commodities, most domestic commodity futures rose. Core market performance:

A-shares: As of press time, the Shanghai Composite Index was down 0.29%, the Shenzhen Component Index down 0.76%, and the ChiNext Index down 0.68%.



Hong Kong stocks: As of press time, the Hang Seng Index was down 0.84%, and the Hang Seng Tech Index down 1.72%.



Bond Market: Government bond futures declined across the board. As of press time, the main 30-year contract was down 0.03%, the 10-year main contract down 0.02%, the 5-year main contract down 0.02%, and the 2-year main contract down 0.01%.



Commodities: Domestic commodity futures mostly rose. As of press time, fuel oil was up 3%, and rubber, lithium carbonate, crude oil, polysilicon, coke, glass, etc. were up more than 1%. Asphalt, Shanghai copper, hot rolled coil, stainless steel, alumina, rebar, Shanghai aluminum, Shanghai nickel, eggs, Shanghai silver, methanol, propylene, Shanghai tin, coking coal, caustic soda, pulp, etc. rose. Only a few varieties such as manganese silicon, platinum, iron ore, Shanghai gold, palladium, industrial silicon, soybean meal, and canola seeds fell.

10:08

A-share rare earth and nonferrous sectors fluctuated and fell sharply. China Rare Earth fell to the limit, Inst fell more than 10%, Zhangyuan Tungsten, Xianglu Tungsten, Shengda Resources, China Rare Earth and others fell more than 6%.

09:53

The Hang Seng Tech Index fell more than 2%. Hua Hong Semiconductor, Leapmotor, XPeng Group fell more than 5%; BYD Electronics, BYD Company declined more than 4%.

09:43

Lithium mining concept stocks slumped, Tibet Summit fell to the limit, Guocheng Mining, Tibet Mining, Jinyuan Co., Zhongkuang Resources and others led the decline.

09:40

Liquor stocks rose across the board, Yingjia Gongjiu hit the daily limit, Laobaigan, Shanxi Fenjiu, Gujing Gongjiu and others rose one after another.

09:33

In early trading, optical module leader Zhongji Xuchuang rose nearly 3%, becoming the second computing hardware stock with a total market value exceeding 1 trillion following Foxconn Industrial Internet. Since April 22 last year, the stock has risen more than 900% in total.

09:31

Photolithography machine and photoresist concept stocks were active at the open. Yida Co., Ltd. and Baichuan Co., Ltd. hit the daily limit at the opening auction, while Billiontime, Xilong Science, Shengjian Technology, and Greenda led the gains.

According to news, Samsung Electronics and SK Hynix have received notices from Japanese suppliers that the procurement of raw materials for products such as photoresists has now been disrupted. The currently short raw materials are PGME and PGMEA.

09:26

The Shanghai Composite Index opened up 0.11%, and the ChiNext Index rose 0.43%. Memory, industrial gas, semiconductors, and UHV concept stocks were active, while lithium batteries, superhard materials, short-form drama games, rare earth permanent magnets, and liquid-cooled server concept stocks were weak.

09:21

The Hang Seng Index opened down 0.25%, and the Hang Seng Tech Index fell 0.04%. NetEase, Tongcheng Travel, and Tencent Holdings declined, while SMIC, Alibaba, and Zijin Mining strengthened.

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