A-shares Market Close: Shanghai Composite Index opened lower and closed higher, up 0.47%. Market turnover exceeded 3 trillion yuan. The "Three Oil Giants" all hit the daily limit up.

The three major Chinese A-share indices experienced mixed movements today. By the close, the Shanghai Composite Index rose 0.47%, the Shenzhen Component Index fell 0.2%, the ChiNext Index declined 0.49%, and the Beijing 50 Index dropped 3.99%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was 30,458 billion yuan, an increase of 5,403 billion yuan compared to the previous day. Over 4,200 stocks across the three markets declined.

In terms of sectors and themes, the top gainers included oil and gas exploration and services, port shipping, precious metals, military equipment, coal mining and processing, chemical raw materials, fertilizers, soybeans, and CPO concepts. The biggest declines were seen in gaming, media, AI applications, cloud computing, tourism and hotels, weight-loss drugs, and retail sectors.

Market news sparked a rally, with the US and Israel’s surprise attack on Iran igniting market enthusiasm. Oil and natural gas, precious metals, port shipping, military, and chemical sectors all surged collectively. China National Offshore Oil Corporation, China Petroleum, Hunan Gold, COSCO Shipping Energy, and Northern Navigation hit the daily limit-up. Automaker BYD surged 8%, with the company announcing a disruptive technology launch event scheduled for March 5. Additionally, hardware stocks related to computing power, such as CPO and fiber optics, also saw intraday gains, with Zhongji Xuchuang rising over 8% and Cambridge Technology hitting the daily limit-up.

Conversely, the AI application sector declined across the board, with gaming and media leading the fall. CITIC Publishing and Liu Jin Technology experienced the largest drops. Biopharmaceutical stocks also performed poorly, with Junshi Biosciences and Changchun High & New Technology seeing significant declines.