A-shares oscillate higher, major indices collectively turn green, lithium battery industry chain surges, Hang Seng Tech Index bounces bottom and reverses to gains, semiconductors broadly decline

The conflict between Iran and the U.S. continues to escalate, with Brent crude oil closing above $100 per barrel for the first time since August 2022. Domestic crude oil futures continue to surge, up over 7%.

On March 13, A-shares fluctuated and consolidated. The Shanghai Composite Index edged slightly lower in the morning, while the Shenzhen Component and ChiNext indices rose modestly. The new energy industry chain exploded, with lithium batteries, salt lake lithium extraction, and power batteries leading the rally. AI computing power plummeted sharply, while aerospace military and petrochemical sectors declined. Hong Kong stocks experienced mixed fluctuations; the Hang Seng Index and Hang Seng Tech Index both fell nearly 1% in the morning, with the Hang Seng Tech Index rebounding from lows to turn positive. Tech stocks recovered, but “Lobster” concept stocks declined across the board. Semiconductor and biopharmaceutical sectors also declined.

In the bond market, treasury futures generally declined. In commodities, most domestic commodity futures rose, with crude oil up over 7%, and iron ore and lithium carbonate climbing higher. Key market movements:

A-shares: As of the time of writing, the Shanghai Composite rose 0.05%, the Shenzhen Component increased 0.38%, and the ChiNext Index gained 0.59%.

Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.18%, and the Hang Seng Tech Index rose 0.30%.

Bond market: Treasury futures all declined. As of the time of writing, the 30-year main contract fell 0.08%, the 10-year main contract down 0.05%, the 5-year main contract down 0.01%, and the 2-year main contract down 0.01%.

Commodities: Domestic commodity futures mostly rose. As of the time of writing, crude oil up over 7%, iron ore, lithium carbonate, soybean meal, coking coal, and alumina up over 2%. Fuel oil, rapeseed, coke, glass, manganese silicon, caustic soda, palladium, polysilicon, hot-rolled coils, rebar, eggs, Shanghai nickel, and industrial silicon also gained. Gold and silver in Shanghai declined, and the shipping index fell over 2%.

10:07

A-shares satellite navigation sector surged briefly, with Beidou Satellite Navigation reaching the daily limit. Zoomlion, Aerospace Development, China Haida, and Liquid Gold Technology also saw short-term gains. According to Xinhua News Agency, China will implement in-orbit upgrades to the Beidou satellite navigation system.

10:06

The three major indices all turned positive. Phosphates, lithium batteries, steel, and coal sectors led the gains, with over 3,200 stocks rising in Shanghai, Shenzhen, and Beijing markets.

09:48

The wind power equipment sector continued its strong momentum in the morning. Tongyu Heavy Industry surged over 10%, with Dajin Heavy Industry, Taineng Heavy Industry, Goldwind, Zhenjiang Shares, and Shuangyi Technology also rising.

News: The UK will abolish 33 import tariffs on wind power components starting April 1, reducing tariffs on core parts like blades and cables from 6% and 2% to 0%, aiming to unlock £22 billion in investment and accelerate offshore wind installations in the North Sea.

09:41

The chemical sector showed repeated activity. Lu Hua Technology hit the daily limit for two consecutive days. Jinzhengda, Xinghua Shares, and Hengtian Hailong also hit the daily limit. Chuanjinnuo, Jinnuo Chemical, Jinnui Mining, and Sichuan Meifeng saw significant gains.

09:33

The coal sector remained strong, with Zhengzhou Coal & Electricity hitting the daily limit for two days. Yanzhou Coal Mining, Shanxi Coking Coal, Shaanxi Black Cat, and Dayou Energy also rose.

News: Changjiang Securities estimates that if the Strait of Hormuz is blocked long-term, global coal demand could increase by 84.86 million tons annually. If China’s coal chemical plants operate at full capacity, it could drive domestic coal consumption by nearly 50 million tons.

09:26

The Shanghai Composite Index opened down 0.28%, and the ChiNext Index fell 0.63%. Stocks in CPO, semiconductor equipment, high-speed copper connections, photovoltaics, superhard materials, cybersecurity, nuclear fusion, gold, and AI computing power declined. Oil & gas, wind power, and coal sectors strengthened.

09:21

The Hang Seng Index opened down 0.52%, at 25,583.55 points; the Hang Seng Tech Index fell 0.42%. Li Auto, Horizon Robotics, and BYD Electronics declined over 1%.

09:01

Energy commodities led gains, with crude oil up 6.33%. The black metals sector all rose, with iron ore up 2.14%. Oilseeds and oils all increased, with soybean meal up 1.82%. Non-metallic building materials mostly rose, with glass up 0.71%. New energy materials mostly gained, with lithium carbonate up 0.55%. Base metals mostly declined, with Shanghai tin down 0.80%. Precious metals all declined, with Shanghai gold down 0.75%. Shipping futures all declined, with the container shipping index (European route) down 0.15%.

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