On September 24th, A-shares opened lower before recovering with oscillating gains. The three major indices briefly turned positive collectively before diverging, with the ChiNext falling 0.5%. Semiconductor stocks rallied, with Tongfu Microelectronics and Leone Technologies hitting daily limits. Memory chip concept stocks remained active while AI hardware stocks saw collective adjustments. Hong Kong stocks fluctuated higher in early trading, with both the Hang Seng Index and Hang Seng Tech Index posting gains as tech stocks rebounded. In the bond market, government bond futures declined. On the commodity front, domestic commodity futures mostly rose, with the shipping index surging over 5%.

Core Market Performance:

A-shares: As of press time, the Shanghai Composite gained 0.23%, the Shenzhen Component Index fell 0.16%, and the ChiNext Index dropped 0.41%.

Hong Kong stocks: As of press time, the Hang Seng Index rose 0.31% and the Hang Seng Tech Index gained 0.30%.

Bond market: Government bond futures declined across the board. As of press time, the 30-year main contract fell 0.26%, the 10-year main contract dropped 0.02%, the 5-year main contract declined 0.01%, and the 2-year main contract remained flat.

Commodities: Domestic commodity futures mostly rose. As of press time, the shipping index gained over 5%, fuel oil rose 4%, glass and coking coal advanced over 1%, while asphalt, coke, polysilicon, gold, and rubber moved higher. Hot-rolled coil, iron ore, and rebar declined, with caustic soda and soybean meal falling nearly 1%.

09:47 Semiconductor equipment stocks remained repeatedly active, with ACM Research and AMEC rising over 10%, while JCET Group and Naura Technology Group gained over 3%, all hitting historical highs. Kingsemi, Hwatsing Technology, and NKTECH followed suit.

09:43 AI hardware stocks saw collective adjustments, with CPO, copper clad laminate, and circuit board sectors declining. Eoptolink fell over 6%, while Innolight Technology, Accelink Technologies, and Eoptolink led the declines.

09:40 The memory chip sector continued its activity, with Tongfu Microelectronics hitting the daily limit and JCET Group rising over 7% to new highs. Sinfonia Technology, Weidao Nano, SAITENG, Beijing Target, and GIGADEVICE followed with gains.

09:28 A-share CPO and telecom equipment sectors opened collectively lower, with Dinsmore approaching the daily limit down. Eoptolink fell over 5%, while Innolight Technology and YOFC opened down over 4%. Silex Microsystems and ZLG followed with lower openings.

09:26 The Shanghai Composite opened down 0.45%, and the ChiNext Index fell 0.79%.

Overnight, major US tech stocks collectively retreated, with CPO, PCB, and AI computing concept stocks declining across the board. Retail and tourism sectors continued their decline, while oil and precious metals rose, and nuclear power sectors performed actively. Gan & Lee Pharmaceuticals hit the daily limit up after signing a supply agreement worth no less than 3 billion yuan with a Brazilian company.

09:21 The Hang Seng Index opened down 0.33% at 26,073.69 points, while the Hang Seng Tech Index fell 0.54%. Baidu dropped nearly 5%, Tencent Music Entertainment fell nearly 3%, while Kuaishou, BYD Company, and Horizon Robotics declined over 1%.