The three major A-share stock indexes fluctuated lower, semiconductors rose against the trend, non-ferrous metals strengthened, the Hang Seng Index and Hang Seng Tech Index both fell, and tech internet stocks diverged.
```
On June 11, A-shares fluctuated and diverged, with the three major stock indexes showing mixed results at the opening. The Shanghai Composite Index opened lower and continued downward, while the ChiNext Index once surged over 1% intraday before falling back into the red. The semiconductor sector bucked the trend and strengthened, with semiconductor materials and equipment rising, computing power hardware stocks rebounded, CPO, optical chips, and optical communication concept stocks rose collectively, and non-ferrous metals rebounded. AI application concept stocks saw major adjustments.
Hong Kong stocks rose in early trading and then fell back. The Hang Seng Index and the Hang Seng Tech Index both briefly turned positive at the open before declining together. Tech stocks diverged, and AI large model stocks rebounded. In the bond market, government bond futures generally fell. In commodities, domestic commodity futures rose across the board, with polysilicon leading the gains. Core market trends:
A-shares: As of press time, the Shanghai Composite Index was down 0.43%, the Shenzhen Component Index was down 0.40%, and the ChiNext Index was down 0.19%.
Hong Kong stocks: As of press time, the Hang Seng Index was up 0.21%, and the Hang Seng Tech Index was up 0.06%.
Bond market: Government bond futures fell across the board. As of press time, the main 30-year contract was down 0.16%, the 10-year main contract was down 0.05%, the 5-year main contract was down 0.03%, and the 2-year main contract was up 0.01%.
Commodities: Domestic commodity futures broadly rose. As of press time, polysilicon was up nearly 6%, crude oil up 3%, fuel oil, asphalt, and coke up over 2%, lithium carbonate, palladium, caustic soda, platinum, industrial silicon, and container shipping index up over 1%. Coking coal, rapeseed, soybean meal, alumina, Shanghai aluminum, stainless steel, rebar, Shanghai tin, rubber, hot-rolled coil, and iron ore all rose, while a few varieties such as pulp, silicon manganese, Shanghai nickel, glass eggs, and Shanghai copper fell, with Shanghai silver and Shanghai gold leading the decline.
09:56
The optical fiber concept rebounded in early trading. FiberHome Communications hit the daily limit. Previously, Taihe New Materials hit the daily limit 4 times in 5 days. Tongguang Cable, Yongding Co., Quartz Co., and Kingsignal followed the gains.
On the news side, following Meta and Nvidia, Amazon once again locked in key optical fiber supplies, and the global AI computing power arms race is spreading from the computing level to the basic physical transmission medium. On the evening of June 8, Amazon announced a multi-billion-dollar long-term optical fiber procurement agreement with Corning to connect its rapidly expanding data centers in the US.
09:49
The MLCC concept once again strengthened in early trading. Fenghua Advanced Technology hit the daily limit, Yunzhong Technology rose over 10%, both reaching record highs. Torch Electron, Sanhuan Group, Guoci Materials, and Jemitech followed the gains.
On the news side, Murata issued a price increase letter, stating that from July 1, AI server and high-end automotive-grade MLCC products will see a comprehensive price increase of 10%-40%. Annual demand remains stable, shortages of components are expected to persist in the second half of the year, and 800G switches and similar network servers are the core demand sources.
09:47
The ChiNext index rose more than 1%, the Shanghai Index fell 0.09%, and the Shenzhen Index rose 0.48%. Small metals, semiconductors, lab-grown diamonds, oil and gas were among the top gainers. More than 1,200 stocks in the Shanghai, Shenzhen, and Beijing stock exchanges rose.
09:35
The semiconductor materials index surged, Zhongjuxin-U and Jiangfeng Electronics rose over 10%, both hitting record highs. Kangqiang Electronics and Haohua Tech hit the daily limit.
09:26
The Shanghai Composite Index opened down 0.34%, and the ChiNext Index fell 0.4%. Humanoid robots, servers, BC batteries, PCB, AI computing power, semiconductor wafers, and commercial space concept stocks were weak; industrial gases, oil and gas, rare earth themes bucked the trend and strengthened.
09:21
The Hang Seng Index opened down 0.11%, and the Hang Seng Tech Index fell 0.2%. MINIMAX fell over 4%, while XPeng, Horizon Robotics, Zhipu, and Li Auto led the declines. CNOOC and PetroChina strengthened.
Risk Warning & DisclaimerThe market has risks, and investment requires caution. This article does not constitute personal investment advice, nor does it take into account individual users' special investment objectives, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article fit their particular circumstances. Investing accordingly is at your own risk. ```