On October 20, the three major A-share indices opened lower, then fluctuated upward in early trading, with the ChiNext Index turning positive after previously falling more than 1%. The STAR 50 Index also rebounded from its lows after similarly dropping over 1% earlier. AI hardware stocks rebounded, with copper-clad laminate and circuit board concept stocks rallying collectively. The BSE 50 surged 5%, following CSRC Chairman Wu Qing's announcement of measures including a BSE 50 ETF, market-cap-based allocation for new BSE listings, and innovative evaluation standards. Liquor, coal, and shipping sectors retreated.
Hong Kong stocks opened low and moved lower, with both the Hang Seng Index and Hang Seng Tech Index falling more than 1% in early trading. Most heavyweight tech stocks declined, with Alibaba, Tencent, and Meituan among the biggest losers. New energy vehicle stocks dropped sharply, with NIO falling 4%. CATL (03750) H-shares hit a stage low, plunging more than 6% intraday. Chip and semiconductor stocks rebounded after opening lower. In the bond market, treasury futures rose collectively, while in commodities, most domestic commodity futures declined. Core market movements:
A-shares: As of press time, the Shanghai Composite fell 0.44%, the Shenzhen Component dropped 0.50%, and the ChiNext Index declined 0.69%.
Hong Kong stocks: As of press time, the Hang Seng Index fell 1.11% and the Hang Seng Tech Index dropped 1.80%.
Bonds: Treasury futures rebounded across the board. As of press time, the 30-year main contract rose 0.29%, the 10-year main contract gained 0.14%, the 5-year main contract added 0.07%, and the 2-year main contract edged up 0.01%.
Commodities: Domestic commodity futures fell broadly. As of press time, crude oil, fuel oil, and rapeseed rose more than 1%. A few varieties including eggs, Shanghai nickel, rubber, stainless steel, Shanghai tin, and soybean meal edged higher. Polysilicon, Shanghai aluminum, caustic soda, iron ore, alumina, asphalt, rebar, wood pulp, hot-rolled coil, glass, Shanghai copper, coke, and platinum all declined. Lithium carbonate, manganese silicon, Shanghai gold, Shanghai silver, container shipping index, and palladium fell more than 1%, while industrial silicon and coking coal dropped more than 2%.
09:49
The BSE 50 rose more than 5% on the day, the ChiNext Index turned positive, AI hardware staged a recovery, and the copper-clad laminate sector led gains.
On the news front, the CSRC will anchor its efforts to build a primary position for serving innovative small and medium-sized enterprises, steadily rolling out a series of measures including the BSE 50 ETF, market-cap-based allocation for new BSE listings, innovative evaluation standards, and optimized tiered management for the New Third Board, to promote the integrated high-quality development of the BSE and New Third Board.
09:47
CATL (300750) A-shares and H-shares declined in tandem, both hitting stage lows. The Hong Kong new energy vehicle index fell more than 4%, with NIO and XPeng performing weakly.
09:34
The ChiNext Index and STAR 50 Index both fell more than 1%. The Shanghai Composite dropped 0.32% and the ChiNext Index declined 0.66%. Precious metals, coal, defense, and shipping sectors led the declines. Nearly 3,200 stocks fell across the Shanghai, Shenzhen, and Beijing markets.
The BSE 50 rose nearly 3%, with Tonghui Electronics, Huami New Materials, Naknor, Paratera, and Wantong Hydraulic leading gains. Previously, CSRC Chairman Wu Qing announced measures including the BSE 50 ETF, market-cap-based allocation for new BSE listings, and innovative evaluation standards.
09:25
The Shanghai Composite Index opened 0.33% lower, and the ChiNext Index fell 0.5%. Media, circuit board, ice and snow tourism, and optical communication sectors retreated. Agriculture and education sectors were active.
09:21
The Hang Seng Index opened 0.81% lower, and the Hang Seng Tech Index fell 1.28%. Lenovo Group, Sanhuan Group, COSCO Shipping Energy, Zhongji Innolight, and Cambridge Technology led the declines.