The A-share market opened higher and continued to rise, with the Shanghai Composite Index strengthening amid fluctuations, the Shenzhen Component Index climbing over 1%, and the ChiNext Index surging more than 3%. Sectors such as computing power hardware, commercial aerospace, memory chips, and securities firms led the gains, while sectors like coal, oil and gas, precious metals, and dairy products were among the top decliners. The Hong Kong stock indexes turned negative collectively near midday, with the Hang Seng Index falling by 1.1%, dropping below 26,000 points again, and the Hang Seng Tech Index declining by 0.24%. The commodities futures market saw mixed performance, with Shanghai silver rising 1.2% and Shanghai copper gaining 1.07%. Most treasury futures declined, while Vanke bonds increased.
The A-share market opened higher and continued to rise, with the Shanghai Composite Index showing strength amid fluctuations, the Shenzhen Component Index climbing over 1%, and the ChiNext Index surging more than 3%. Leading gains were observed in sectors such as computing hardware, commercial aerospace, memory chips, and securities; while coal, oil and gas, precious metals, and dairy sectors led the declines.
On December 8, the A-share market experienced a strong rebound. By midday closing, the Shanghai Composite Index rose by 0.62%, the Shenzhen Component Index increased by 1.55%, and the ChiNext Index surged by 3.02%. In terms of market performance, the majority of stocks advanced, with over 3,500 stocks turning positive across the Shanghai, Shenzhen, and Beijing exchanges, and trading volume reaching RMB 1.3 trillion in the morning session. Specifically, computing hardware stocks continued their upward momentum, with shares like TFC Photonics and Dongtian Microelectronics hitting new highs on limit-up moves. The commercial aerospace sector extended its gains, with over ten stocks including Aerospace Power and China Aerospace International Holdings closing at their daily limits. The Fujian regional sector remained active, with Start Group achieving eight limit-ups in thirteen days and Anji Food securing five consecutive limit-ups. Large-cap financial stocks rallied during the session, with Ruifutures Co., Ltd. posting two consecutive limit-ups and Industrial Securities hitting the upper limit. Below are the performances of key indices:
The Shanghai Composite Index closed at 3927.19 points at midday, up by 0.62%.
The Shenzhen Component Index closed at 13351.47 points at midday, up by 1.55%.
The ChiNext Index closed at 3203.06 points at midday, up by 3.02%.
The CSI 300 Index closed at 4632.29 points at midday, up by 1.04%.
The STAR 50 Index closed at 1348.31 points at midday, up by 1.67%.
The CSI 500 Index closed at 7168.66 points at midday, up by 1.00%.
The CSI 1000 Index closed at 7419.39 points at midday, up by 1.05%.
On the news front, one key development is the support from the regulatory level. Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the eighth membership conference of the Securities Association of China that regulators will strengthen classified supervision, optimize evaluation indicators for high-quality institutions, moderately expand capital space and leverage ceilings, and enhance capital utilization efficiency.
The latest margin trading account opening data has been released. The latest figures from China Securities Depository show that in November, 140,700 new margin trading accounts were opened in the market, an 8% increase from 130,200 in October. As of the end of November, the total number of margin trading accounts in the market reached 15.5173 million.
Hong Kong stock indexes collectively turned negative near midday, with the Hang Seng Index falling by 1.1%, dropping below the 26,000-point mark again, while the Hang Seng Tech Index declined by 0.24% after earlier rising as much as 0.8%. Large technology stocks generally performed poorly, but Baidu bucked the trend with a 3.5% surge amid its evaluation of a potential spin-off and listing of Kunlun Core. Brokerage and insurance stocks listed in Hong Kong maintained upward momentum due to favorable industry developments. Meanwhile, non-ferrous metal stocks, including copper, aluminum, and gold, remained weak, and declines in heavyweight oil and banking shares weighed on the broader market.
The commodity futures market was mixed at midday, with Shanghai silver rising 1.20%, Shanghai copper up 1.07%, coke down 6.47%, and the container freight index (Europe route) falling by 0.05%.
Most treasury futures contracts fell at midday, with the 30-year main contract dropping 0.66% to RMB 111.830, the 10-year main contract declining 0.09% to RMB 107.790, and the 5-year main contract decreasing 0.09% to RMB 105.665. The 2-year main contract remained unchanged at RMB 102.408. Vanke bonds rose.
10:14
Shares in computing hardware extended their gains, with Dongtian Microelectronics surging by the daily limit of 20 cm, Tianfu Communication rising over 18%, Yuanjie Technology climbing more than 10%, and Changguang Huaxin, Shijia Photonics, Zhongji Xuchuang, and Yongding Co., Ltd. all increasing by over 7%, with their share prices hitting record highs.
10:11
InnoLight Technology's trading volume exceeds 10 billion yuan, with a rise of over 7%.
10:11
The FTSE China A50 Index futures rose by 1%.
10:06
The ChiNext Index rises by more than 2%.
9:40
The decline in government bond futures expands, with the 30-year main contract falling by 0.61%, the 10-year main contract dropping by 0.06%, the 5-year main contract declining by 0.05%, and the 2-year main contract decreasing by 0.02%.
9:40
The bonds '23 Vanke 01', '22 Vanke 06', '22 Vanke 02', '21 Vanke 02', '21 Vanke 04', and '21 Vanke 06' surged over 20%, triggering a temporary trading halt during the session.
9:45
Stocks related to computing power hardware experienced volatile gains, with TFC Communication surging 10%. Other companies such as Hule Green Ecology, FiberHome Communication, Yongding Corporation, Huagong Technology, and Dekoli also showed strong upward momentum.
9：39
The bonds '22 Vanke 02', '21 Vanke 02', and '21 Vanke 06' rose over 20%, resulting in a temporary trading halt during the session.
9:37
The ChiNext Index rose more than 1%. A-share securities firms rallied again, with Industrial Securities hitting the upper price limit in a straight line, Northeast Securities rising over 7%, and others including BOC International, Huatai Securities, Guotai Junan Securities, CITIC Securities, and GF Securities following suit.
9:34
Fujian-based stocks remained highly active, with Anji Food achieving five consecutive limit-ups, Longzhou Co., Ltd. four consecutive limit-ups, and Shuhua Sports three consecutive limit-ups. Other stocks such as Dahua Intelligent Technology, Shengxing Co., Ltd., Annie Co., Ltd., and Fujian Golden Forest also surged to their daily limits.
9:30
Most government bond futures opened lower, with the 30-year main contract falling by 0.14% to RMB 112.410, the 10-year main contract dropping by 0.02% to RMB 107.870, the 5-year main contract declining by 0.03% to RMB 105.725, and the 2-year main contract increasing by 0.01% to RMB 102.420.
9:29
The CSI Convertible Bond Index opened 0.03% higher. The Zai22 Convertible Bond surged over 12%, the Ruida Convertible Bond rose more than 6%, the Zhongneng Convertible Bond increased by 3.6%, and the Hugong Convertible Bond gained nearly 3%. Meanwhile, the Furong Convertible Bond fell by 2.7%, while Dongshi Convertible Bond, Lepu Convertible 2, and Weidao Convertible Bond dropped over 1%.
9:29
The big financial sector continued to strengthen, with Ruida Futures achieving two consecutive limit-ups. Xingye Securities, Guoxin Securities, Huatai Securities, Xiangcai Co., Ltd., and Guotai Haitong all opened higher.
9:28
The commercial aerospace concept in China's A-share market continued its strong performance, with Shunhao Co., Ltd. surging for six out of seven trading days and Western Materials posting two consecutive daily limit-ups. Shares of several other companies, including China Aerospace Science and Technology Corporation, Guanglian Airlines, Tianjian Technology, and Chaojie Co., Ltd., rose over 6%.
9:25
The Shanghai Composite Index opened at 3,909.23 points, up 0.16%.
The Shenzhen Component Index opened at 13,178.96 points, up 0.24%.
The ChiNext Index opened at 3,119.15 points, up 0.32%.
The CSI 300 Index opened at 4,593.14 points, up 0.19%.
The STAR 50 Index opened at 1,325.97 points, down 0.01%.
The CSI 500 opened at 7,119.05 points, up 0.30%.
The CSI 1000 opened at 7,359.49 points, up 0.23%.
9:21
The Hang Seng Index opened 0.07% lower at 26,067.86 points, while the Hang Seng Tech Index rose 0.08%. Baidu surged 3.3%, Horizonrobot and Xiaomi gained nearly 1%; Haier Smart Home fell 2%.
09:16
The central parity rate of the renminbi against the US dollar was reported at 7.0764, down 15 basis points; the previous trading day's central parity rate was 7.0749, the official closing rate of the previous trading day was 7.0706, and the overnight session closed at 7.0720.
9:00
In the opening of commodity futures, the main coking coal contract fell more than 5%, coke dropped over 4%, and ethylene glycol, starch, corn, and methanol fell more than 1%. Silver futures rose over 2%, with low-sulfur fuel oil and copper futures climbing more than 1%.
The FTSE China A50 Index futures rose 0.39% at the start of trading, following a 0.41% gain in the overnight session of the previous trading day.
