The three major A-share indices all turned down, oil and gas stocks continued to surge, the military industry collectively adjusted, the Hang Seng Index and Hang Seng Tech Index opened high and then declined, and non-ferrous metals plummeted.

2026-03-03 02:21:10

Abstract generation in progress

A-shares oil and gas stocks continue to surge, according to CCTV News. U.S. Secretary of Defense Lloyd Austin confirmed on Monday that U.S. ground troops have not yet been deployed inside Iran, but also stated that no options are off the table.

On March 3rd, the three major A-share indices opened collectively higher in the morning, with the Shanghai Composite approaching 4,200 points, then pulling back. Currently, the Shanghai and Shenzhen Composite Indices have turned lower. Oil and gas stocks continue to explode, and the shipping sector also maintains its upward momentum. Aerospace military industry and precious metals sectors are experiencing adjustments. Photovoltaic inverters, CPO, and other concept stocks are active.

Hong Kong stocks opened high but declined later, with the Hang Seng Index and Hang Seng Tech Index initially rising but then falling. Most tech stocks rebounded. In the bond market, government bond futures fluctuated upward. In commodities, most domestic futures declined, while container shipping index and fuel oil surged significantly. Market highlights:

A-shares: As of press time, the Shanghai Composite fell 0.53%, the Shenzhen Component dropped 1.23%, and the ChiNext Index declined 0.35%.

Hong Kong stocks: As of press time, the Hang Seng Index decreased 0.38%, and the Hang Seng Tech Index fell 0.72%.

Bond market: Government bond futures fluctuated higher. As of press time, the 30-year main contract increased 0.05%, the 10-year main contract decreased 0.01%, the 5-year main contract remained flat, and the 2-year main contract rose 0.01%.

Commodities: Domestic commodity futures mostly rose. As of press time, container shipping and fuel oil hit their daily limit up. Asphalt, Shanghai gold, Shanghai aluminum, soybean meal, alumina, manganese silicon, rapeseed, and rubber advanced. Coke, pulp, coking coal, stainless steel, rebar, and caustic soda declined. Eggs and glass fell over 1%. Palladium, Shanghai silver, platinum, and Shanghai tin led declines. Lithium carbonate plummeted over 10%.

09:58

Military industry sector experienced oscillations and adjustments during trading. Drones and military informatization sectors led the decline, with Aerospace Technology dropping over 10%. Hua Qin Technology, Aerospace Huanyu, Northern Long Dragon, Zhanpeng Technology, Jianghang Equipment, and other drone-related stocks also declined significantly.

09:54

The three major indices turned red collectively. The ChiNext Index initially rose over 1%, but sectors such as nonferrous metals, precious metals, military industry, and rare earths led the declines. Over 3,200 stocks in Shanghai, Shenzhen, and Beijing declined.

09:48

Early trading saw power leasing concept stocks oscillate and strengthen. Yunnan Energy Holding rose for nine consecutive days with eight limit-ups. Previously, Runjian Co., Ltd. hit the daily limit. Zhimei Intelligent, GCL Energy Science & Technology, State Grid Digital, and Topway Information also gained.

In news, data shows that China’s model call volume surged to 5.16 trillion tokens from February 16-22, a 127% increase over three weeks, surpassing the U.S. at 2.7 trillion tokens during the same period. Among the top five global call volume models, China holds four spots: MiniMax M2.5, KimiK2.5, GLM-5, DeepSeek V3.2, contributing 85.7% overall.

09:33

The Shanghai Composite Index broke through January’s high at the start of trading, reaching a new 10-year high, with an increase of over 5.5% year-to-date.

09:27

Oil and gas stocks continued to rise sharply, with Shandong Molong, Zhunyou Co., Ltd., and Sinopec Oilfield Service hitting two consecutive limit-ups. Tongyuan Petroleum approached the daily limit, and Keli Co., Ltd. rose over 10%.

09:26

The Shanghai Composite opened up 0.16%, and the ChiNext Index increased 0.68%. Oil and gas stocks continued their strong rally, with Tongyuan Petroleum and Zhongman Petroleum hitting the daily limit. Gas, shipping, and optical fiber sectors led gains. Gold and rare metals sectors experienced adjustments.

09:21

The Hang Seng Index opened up 0.5%, and the Hang Seng Tech Index increased 0.58%. SenseTime, NetEase, Alibaba, Huahong Semiconductor, and SMIC led gains. Oil and gas stocks continued to strengthen, with Shandong Molong up nearly 15% and Sinopec Oilfield Service up nearly 9%.

09:18

The RMB/USD central parity rate rose 148 basis points to 6.9088, reaching a new high since May 4, 2023.

09:05

The domestic fuel oil futures main contract briefly hit the daily limit up, with a 12% increase.

09:02

Domestic container shipping EU line and crude oil futures main contracts hit the daily limit up.

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