The three major A-share stock indexes all turned lower, oil and gas stocks continued to surge, the defense industry collectively adjusted, the Hang Seng Index and Hang Seng Tech Index opened high and moved lower, and non-ferrous metals plunged.
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A-share oil and gas stocks continue to surge. According to CCTV News, US Defense Secretary Hegseth confirmed on Monday that the US military has not yet deployed ground troops inside Iran, but also said that no options are ruled out.
On March 3, all three major A-share indexes opened higher in the morning, with the Shanghai Index approaching 4200 points, then all retreated. Currently, the Shanghai and Shenzhen Indexes have turned negative. Oil and gas stocks continue to soar, and the shipping sector maintains its upward momentum. Aerospace and military, precious metals, and other sectors are undergoing adjustments. Photovoltaic inverters and CPO concept stocks remain active.
Hong Kong stocks opened high and moved lower. The Hang Seng Index and Hang Seng Technology Index peaked in the morning but collectively fell, with most tech stocks rebounding. In the bond market, government bond futures fluctuated higher. In commodities, most domestic commodity futures declined, while container shipping index and fuel oil surged. Core market trends:
A-shares: As of publication, the Shanghai Index fell 0.53%, Shenzhen Index fell 1.23%, and the startup board index fell 0.35%.
Hong Kong stocks: As of publication, Hang Seng Index is down 0.38%, Hang Seng Tech Index is down 0.72%.
Bonds: Government bond futures fluctuate higher. As of publication, the 30-year main contract is up 0.05%, 10-year main contract down 0.01%, 5-year main contract flat, 2-year main contract up 0.01%.
Commodities: Domestic commodity futures broadly rose. As of publication, the container shipping index and fuel oil hit the daily limit. Asphalt, gold, aluminum, soybean meal, alumina, manganese silicon, rapeseed, rubber and others rose. Coke, pulp, coking coal, stainless steel, rebar, caustic soda and others fell. Eggs and glass dropped more than 1%. Palladium, silver, platinum, tin and others were among the biggest decliners. Lithium carbonate plunged more than 10%.
09:58
The military sector fluctuated and adjusted mid-session. Drone and military informatization led the decline, Aviation Asia Technology dropped more than 10%, Huakin Technology, Aerospace Huanyu, North Changlong, Zhanpeng Technology, Jianghang Equipment, Zhongwu UAV and others were among the top losers.
09:54
All three major indexes turned negative. The startup board index was up over 1% at the start. Non-ferrous, precious metals, military, rare earths led the decline. Over 3,200 stocks fell across Shanghai, Shenzhen, and Beijing.
09:48
In early trading, the computing power leasing concept strengthened, Yunnan Energy Holdings hit 8 boards in 9 days, previously Runjian shares hit the daily limit, Zhiwei Intelligence, GCL Energy Technology, Southern Power Grid Digital, and Tuowei Information followed up.
In terms of news, data shows that the volume of calls on Chinese models surged to 5.16 trillion tokens from Feb 16~22, up 127% in three weeks, exceeding US's 2.7 trillion during the same period. Among the top 5 globally, China holds four seats: MiniMax M2.5, KimiK2.5, GLM-5, DeepSeek V3.2 contributing 85.7% overall.
09:33
The Shanghai Index broke above the January high at the start, hitting a 10-year new high, up over 5.5% year-to-date.
09:27
Oil and gas stocks continue to surge, Shandong Molong, Zhunyou shares, Sinopec Oil Services all hit two consecutive boards, Tongyuan Petroleum nearly hit daily limit, Kelai shares up over 10%.
09:26
The Shanghai Index opened 0.16% higher, the startup board up 0.68%. Oil and gas stocks continue to soar, Tongyuan Petroleum, Zhongman Petroleum and many others hit daily limits; gas, shipping, and optical fiber sectors led the gains. Gold and rare metals sectors adjusted.
09:21
The Hang Seng Index opened up 0.5%, Hang Seng Tech Index up 0.58%. SenseTime, NetEase, Alibaba, Huahong Semiconductor, SMIC led the gains. Oil and gas stocks remain strong, Shandong Molong up nearly 15%, Sinopec Oil Services up nearly 9%.
09:18
The RMB central parity rate against the USD rose 148 points to 6.9088 yuan, hitting a new high since May 4, 2023.
09:05
The main contract of domestic fuel oil futures once hit the daily limit, up 12%.
09:02
The main contracts for domestic container shipping Europe line and crude oil futures hit the daily limit.
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