On October 16, A-shares experienced a slight upward volatility, with the ChiNext Index rising modestly. Sectors such as coal, insurance, and shipping showed strength, while memory chips, advanced packaging, and CPO-related stocks were active. The Hong Kong stock market showed divergence, with the Hang Seng Index slightly rising and the Hang Seng Technology Index declining. New consumption concepts rebounded collectively, with Pop Mart rising over 4%. In the bond market, government bond futures surged across the board. In commodity markets, most domestic futures contracts rose, with Shanghai silver up 4% and Shanghai gold increasing by more than 1%. Key market movements:

A-shares: As of the report, the Shanghai Composite Index fell by 0.01%, the Shenzhen Component Index decreased by 0.05%, while the ChiNext Index rose by 0.45%.

Hong Kong stocks: As of the report, the Hang Seng Index rose by 0.22%, while the Hang Seng Technology Index fell by 0.30%.

Bond market: Government bond futures rose across the board. As of the report, the 30-year main contract rose by 0.31%, the 10-year main contract increased by 0.07%, the 5-year main contract gained 0.01%, and the 2-year main contract also rose by 0.01%.

Commodities: Most domestic commodity futures increased. As of the report, Shanghai silver surged over 3%, Shanghai gold upped over 1%. Other commodities such as coking coal, caustic soda, fuel oil, lithium carbonate, glass, coke, polysilicon, pulp, aluminum, soybean meal, and rubber saw gains, while asphalt, rebar, stainless steel, alumina, ferrosilicon, eggs, industrial silicon, and hot-rolled sheets faced declines. Iron ore dropped by over 1%, and the container shipping index fell by over 3%.

09:51 In Hong Kong, the new consumption stocks rebounded collectively again. As of the report, both Pop Mart and Lao Pu Gold rose over 5%, and Mixue Group increased nearly 4%.

According to news from the Wind trading platform, JPMorgan believes that Pop Mart has not only proven its strength through the sustained popularity of Labubu and the success of the "Star People," but it has also demonstrated its resilience against external risks through globalizing strategies and strong pricing power. Currently valued at a projected 20 times P/E ratio for 2026, this is appealing given its high growth prospects.

09:41 The coal sector experienced active trading again, with Da Yu Energy achieving four price increases in five days, and other stocks like China Coal Energy, China Power Investment Corporation, and Jin Kong Coal also rose.

09:37 Memory chip stocks gained strength again, with Demingli rising over 9%, followed by Baiwei Storage, Jiang Boliang, and Xiang Nuo Chip.

09:35 The lithium battery concept saw notable activity in early trading, especially in the electrolyte sector, with Tianji shares showing up to six price increases over nine days; Tian Ci Materials, Duofluoride, Shida Shenghua, and Aoke shares followed suit.

09:31 The charging pile concept saw a strong opening, with Aotexin hitting the daily limit. Hesun Electric, Tongda Shares, Shenghong Shares, Guodian Nanzi, and Tonghe Technology opened up by more than 6%.

In related news, on October 15, the National Development and Reform Commission and other departments issued the "Electric Vehicle Charging Infrastructure Service Capability 'Three-Year Doubling' Action Plan (2025-2027)," which aims to establish 28 million charging facilities nationwide by the end of 2027, providing over 300 million kilowatts of public charging capacity to meet the charging needs of over 80 million electric vehicles, achieving a doubling of service capacity.

09:26 The Shanghai Composite Index opened down 0.29%, while the ChiNext Index fell 0.58%. The action plan to double the capacity of electric vehicle charging facilities issued by the National Development and Reform Commission and six other departments led to significant gains in related stocks. The pharmaceutical, military, and photovoltaic sectors were active, while the robotics sector retraced, with Sanhua Smart Control opening down nearly 5%. Rare earths, cultivated diamonds, and EDA concepts generally declined. Tianpu shares resumed trading and hit the daily limit down after a consecutive 15-day rise.

09:21 The Hang Seng Index opened down 0.08%, and the Hang Seng Technology Index fell 0.14%. Pharmaceutical stocks generally retreated, and the technology sector was mixed. Lenovo, Baidu, Xpeng Motors, Li Auto, and NIO all fell by more than 1%. The non-ferrous sector followed the upward trend in futures, with China Silver Group up over 2%. Sanhua Smart Control opened down nearly 5%, clarifying that reports of the company securing large robotic orders were false.

09:16 The Renminbi's middle rate against the US dollar was reported at 7.0968, up 27 points; the previous trading day's middle rate was 7.0995, with the last official closing price of 7.1238, and the overnight closing price was 7.1278.

09:01 Commodity futures opened with Shanghai silver's main contract rising over 4%, and both Shanghai gold and BR rubber increasing over 1%. Meanwhile, styrene, iron ore, and soda ash fell by over 1%.