China's A-share market opened lower across the board on March 9, with major indices declining in early trading. The Shanghai Composite Index dropped more than 1%, while the ChiNext Index fell over 3%. Energy stocks led gains, with oil and gas sectors surging. Coal and natural gas sectors also rose, while communication equipment and electronic components sectors saw significant declines. Concepts including CPO and PCB collectively retreated.

Hong Kong stocks also opened sharply lower, with the Hang Seng Index and Hang Seng Tech Index both falling in early trading. The Hang Seng Tech Index initially dropped nearly 4% before recovering slightly. Technology and internet stocks broadly declined, with Baidu falling 5%. Petroleum, petrochemical, and coal sectors bucked the trend with gains.

In bond markets, treasury futures generally declined, with the 30-year main contract falling nearly 1% at the open. Commodity futures saw broad gains domestically, with container shipping indices, crude oil, and fuel oil hitting limit-up ceilings.

Key market movements as of writing: A-shares: Shanghai Composite down 1.37%, Shenzhen Component down 2.75%, ChiNext down 3.08%. Hong Kong: Hang Seng Index down 3.14%, Hang Seng Tech Index down 2.91%. Bonds: Treasury futures fell across maturities, with 30-year main contract down 0.93%, 10-year down 0.20%, 5-year down 0.13%, and 2-year down 0.04%. Commodities: Domestic commodity futures rose broadly, with container shipping index, crude oil, and fuel oil hitting limit-up. Rapeseed and caustic soda also reached limit-up, while asphalt and glass gained over 8%. Coking coal, coke, and alumina rose more than 7%, soybean meal gained 6%, and aluminum futures advanced over 3%.

10:07 - Power sector rallied against the trend, with Yinneng Energy hitting its second limit-up in four days. Mindong Electric Power, Huayin Power, Leshan Electric Power, and Fuling Electric Power followed gains. The National Development and Reform Commission chairman announced plans for strategic energy projects including hydropower and offshore wind bases exceeding trillion-yuan investments during the 15th Five-Year Plan period.

09:57 - Shenzhen Component Index fell over 3%, while ChiNext declined 3.40%. Computing hardware, semiconductor chips, non-ferrous metals, airport shipping, and consumer electronics led declines. Nearly 4,700 stocks fell across Shanghai, Shenzhen, and Beijing exchanges.

09:54 - CPO concept stocks collectively retreated, with Robot Technology and DecaWave both dropping over 10%. Photonic Technologies, Cambridge Technology, Longshine Innovation, FiberHome Telecommunications, TSC, Eoptolink, and Inphi Corporation followed declines.

09:48 - Agricultural sector rallied against the trend in early trading, with Wilmar International rising over 10%. COFCO Biochemical Energy hit limit-up, while Jinjian Cereals, Dunhuang Seed, Kangnong Seed, Qiule Seed, and Longping High-tech followed gains. Domestic agricultural futures rose broadly, with rapeseed oil main contract hitting limit-up. Soybean meal, soybean, and soybean oil futures touched limit-up.

09:41 - OpenClaw concept stocks showed active trading against the trend, with UCloud touching 20% limit-up. Ningbo Construction Engineering recorded two consecutive limit-ups, while Hand Information, QingCloud Technology, Loongson Technology, and Lakala surged. OpenClaw became GitHub's most popular open-source project with over 248,000 stars within four months of release, surpassing Linux.

09:37 - China's 30-year treasury futures fell 0.8%, marking the largest decline since 2026. ChiNext Index dropped over 3%.

09:31 - Treasury futures extended losses, with 30-year main contract down 0.45%, 10-year down 0.14%, 5-year down 0.08%, and 2-year down 0.02%.

09:28 - A-share oil and gas stocks collectively opened higher. Guanghui Energy, Shandong Molong, Zhunyou Energy, Sinopec Oilfield Service, and Cnooc Limited hit limit-up. Tongyuan Petroleum rose over 15%, while Tianhao Energy, Deshi Oil, and Xinjin Power gained over 10%. Beken Energy, Petrochina, CNOOC Development, Hampson Industries, and China Petroleum & Chemical Corporation followed gains.

09:26 - Shanghai Composite Index opened 0.62% lower, while ChiNext fell 2.37%. Photovoltaics, semiconductors, computing hardware, consumer electronics, commercial aerospace, robotics, and AI application themes led declines. Oil and gas stocks surged with Cnooc Limited among multiple stocks hitting limit-up. Coal and shipping sectors led gains.

09:21 - Hang Seng Index opened 2.65% lower, while Hang Seng Tech Index fell 3.79%. Oil stocks rallied strongly, with CNOOC rising over 8% and Petrochina gaining over 7%. Technology and internet stocks broadly declined, with Hua Hong Semiconductor and Baidu Group falling over 6%. JD Health, Bilibili, and Kuaishou dropped over 5%.

09:01 - Commodity futures opened with container shipping Europe route, crude oil, fuel oil, LU fuel oil, pure benzene, styrene, asphalt, BR rubber, LPG, ethylene glycol, PX, PTA, and palm oil main contracts hitting limit-up. Platinum and palladium fell over 5%, while tin and silver futures dropped over 3%. Gold futures declined over 1%.