The three major A-share stock indices fluctuated and rose, semiconductor and chip stocks surged, Cambricon jumped 9%, Hang Seng Tech Index fell 1%, and most tech stocks dropped.
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On April 30, A-shares fluctuated and rose in the morning session. The three major indices collectively climbed at the opening, with chips and semiconductors leading the early gains. Cambricon hit an intraday three-month high, lithium mining concept stocks remained active, and brokerages, real estate and other sectors strengthened.
Hong Kong stocks opened low and moved lower, with the Hang Seng Tech Index falling more than 1% in early trading. Major tech stocks collectively declined, and Alibaba dropped over 3%. In the bond market, government bond futures diverged, with long-term government bonds falling.
In commodities, domestic commodity futures mostly rose, with lithium carbonate up more than 3%. Key market trends:
A-shares: As of press time, the Shanghai Composite Index was up 0.20%, the Shenzhen Component Index up 0.14%, and the ChiNext Index unchanged.
Hong Kong stocks: As of press time, the Hang Seng Index was down 0.49%, and the Hang Seng Tech Index was down 0.81%.
Bonds: Government bond futures diverged. As of press time, the main 30-year contract was down 0.26%, the 10-year down 0.01%, the 5-year up 0.02%, and the 2-year up 0.01%.
Commodities: Most domestic commodity futures rose. As of press time, lithium carbonate was up more than 3%, fuel oil up more than 2%, coking coal, rapeseed, palladium, coke, crude oil, propylene, eggs, etc. up 1%. Ethylene glycol, stainless steel, hot-rolled coil, iron ore, asphalt, rebar, Shanghai tin, soybean meal, Shanghai silver, etc. also rose. Only a few varieties such as industrial silicon, methanol, and Shanghai nickel fell.
09:45
Cambricon rose more than 8% at the beginning of the session, reaching a new intraday high in the past three months.
Morgan Stanley said Cambricon’s Q1 revenue grew 160% year-on-year, exceeding the bank’s and market’s general expectations, thanks to strong shipments of Syun 590 chips.
Analysts Charlie Chan and others said in a report that prepayments for Q1 2026 surged 155% quarter-on-quarter to 1.9 billion yuan, mainly supported by newly secured chip manufacturing orders.
Cambricon’s foundry production at SMIC has gradually stabilized, with shipments expected to see significant growth starting in Q2 2026.
09:43
The semiconductor sector rose at the opening, Ming Microelectronics hit the 20% daily limit, VeriSilicon rose over 16%, Cambricon rose over 7%, with companies like Muxi Technology-U, Lixin Micro, Moore Threads-U, Tongfu Microelectronics following suit.
09:36
Lithium mining concept stocks continued to be strong, Rongjie shares hit the board three times in five days, Shengxin Lithium Energy, Jinyuan shares, Guocheng Mining, Zhongzhong Mining, Salt Lake shares, Tianqi Lithium, and Ganfeng Lithium followed the rise.
In terms of news, in the past week, the price of battery-grade lithium carbonate rose by 3,500 yuan/ton, an increase of 2.03%. In the past month, the cumulative price increase was 20,000 yuan/ton, an increase of 12.82%.
09:32
The lithium battery industry chain repeatedly strengthened, Yongsan Lithium Industry had three consecutive boards, Fengyuan shares had two consecutive boards, DFD Nanotechnology, Xanhui Technology rose over 10%, Shengxin Lithium Energy, Wanrun New Energy, Longpan Technology followed suit.
According to data, Q1 2026 Chinese energy storage lithium battery shipments reached 215GWh, a year-on-year increase of 139%. Leading companies' orders have been scheduled until the end of 2026 to Q2 2027, capacity is full, and high-profit orders are given priority.
09:26
The Shanghai Composite Index opened down 0.01%, while the ChiNext Index rose 0.46%. Auto chips, memory, computing power leasing, rare earths, and CPO concept stocks were active, while lithium batteries, PCBs, cyber security, and fintech themes weakened.
09:21
The Hang Seng Index opened down 0.4%, and the Hang Seng Tech Index fell 0.68%. NIO, Bilibili, Kuaishou, Alibaba were among the top decliners. China Life rose over 4%.
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