The three major A-share stock indices fluctuated upward, nonferrous metals surged again, the STAR 50 fell over 2%, the semiconductor industry chain adjusted, the Hang Seng Index rose 1%, and many tech stocks rebounded.
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On July 23, A-shares fluctuated and rose. The Shanghai Composite Index consolidated near the flat level at the opening, while the Shenzhen Component Index and the ChiNext Index rose over 1% at the beginning. Computing hardware stocks were active in early trading, while copper-clad laminate and optical module sectors strengthened. Cultivated diamond, fiberglass, and superhard materials concept stocks rallied. Lithium mining, industrial metals surged. Chip and semiconductor stocks fell back into adjustment, with semiconductor silicon wafers and equipment among the biggest decliners.
Hong Kong stocks opened high and moved higher in early trading. Both the Hang Seng Index and Hang Seng Tech Index rose at the opening. The Hang Seng Index was up nearly 1%. Most internet technology stocks rebounded, including Tencent, Alibaba, Kuaishou, Baidu. Chip stocks were under pressure, with Huahong Hongli down 6%. AI large model stocks continued to rise, with MINIMAX and Zhipu both moving higher. In the bond market, most government bond futures declined. In commodities, domestic commodity futures generally rose. Core market trends:
A-shares: At the time of writing, Shanghai Composite Index %, Shenzhen Component Index %, ChiNext Index %.
Hong Kong stocks: At the time of writing, Hang Seng Index up 0.73%, Hang Seng Tech Index up 0.27%.
Bond market: Government bond futures declined across the board. At the time of writing, the main 30-year contract was up 0.16%, the main 10-year contract %, the main 5-year contract %, the main 2-year contract %.
Commodities: Domestic commodity futures mostly rose. At the time of writing, crude oil and lithium carbonate rose over 3%. Fuel oil, soybean meal, iron ore, coking coal, Shanghai nickel, Shanghai silver, polysilicon, pulp, bitumen, stainless steel,
10:01
STAR 50 Index fell 2% intraday. Among the constituents, Huahong Hongli fell 7.8%, Tuo Jing Technology fell 5.8%, Zhongke Fei Ce fell 4.2%, Geke Micro fell 4.1%.
09:54
Shenzhen Component Index and ChiNext Index both rose over 1%.
09:47
Innovative drug concept stocks fluctuated and rallied. Hansoh Pharmaceutical hit two consecutive daily limits, Frontier Biotech rose over 10%, Joincare New Drug, Chengdu Lead, Hotgen Biotech, and Medicilon followed.
In terms of news, the Ministry of Industry and Information Technology announced at a recent press conference that in the first half of the year, 38 innovative drugs were approved for market, of which 31 were domestically produced, accounting for over 80%.
09:41
Liquid-cooled server concept stocks quickly rallied. Feilong Co. hit the daily limit, Binglun Environment touched the daily limit. Dayuan Pump, Inovance, Jialitu, Chunzhong Technology, Tenglong Co. followed.
09:38
MLCC concept stocks fluctuated and rebounded in early trading. Fenghua High-tech and Torch Electronics hit daily limit, Yunzhu Technology rose over 16%, Lihesheng, Sanhuan Group, Boqian New Material, Guoci Material followed.
News shows that, according to research feedback, the current supply-demand situation for MLCC is tight. The main enterprises’ production lines are fully loaded, and ex-factory prices have not loosened. Upstream material suppliers, as "shovel sellers," have plenty of orders. Some companies say customers have already locked in expansion orders four times greater than existing capacity, so sales will not be a concern for several years.
09:36
ChiNext Index rallied over 1%. Oil and gas, computing hardware sectors led the gains. Nearly 2,800 stocks rose across the Shanghai, Shenzhen, and Beijing markets.
09:34
The power sector was active in early trading. Li Xinneng Co. hit six consecutive daily limits. Xineng Co., Xinzhuanggang hit two consecutive daily limits. Shimao Energy, Huadian Liaoning, Guodian Power, Changyuan Power rallied strongly.
News shows that in July, multiple regions' power grid loads continued to set new historical highs. Jiangsu power grid reached a peak load of 157.59 million kW, Zhejiang reached 133 million kW, and the national peak reached 1.551 billion kW.
The National Development and Reform Commission projects that the nationwide peak power load this summer will reach 1.6 billion kW, an increase of 90 million kW year-on-year. In the first half of the year, charging and battery swap services’ electricity consumption surged 56.9% year-on-year, and internet data services’ electricity consumption grew 44.0%.
09:26
The Shanghai Composite Index opened up by 0.03%, ChiNext Index up 0.84%. OCS, CPO, copper-clad laminate sectors showed outstanding performance, energy equipment sector strengthened. Pharmaceutical and coal sectors were among the biggest decliners.
09:21
Hang Seng Index opened up 0.3%, Hang Seng Tech Index up 0.2%. Financial stocks led the gains. Large model concept stocks performed strongly; Zhipu rose nearly 3%.
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