The Shanghai Composite Index returned to 4,100 points; brokerages surged. The STAR 50 rose nearly another 2%. The semiconductor industry chain was active. Photovoltaic inverters all fell, and Sungrow Power Supply once hit the daily limit down.

On July 1, A-shares experienced divergent movements. The Shanghai Composite Index edged up slightly at the open, reclaiming the 4100-point level. The ChiNext Board faced overall pressure, once falling 1%. The STAR 50 Index rose over 1% again, with the semiconductor supply chain surging, pushing up sectors such as semiconductor materials and silicon wafers. Brokerages, petrochemicals, and real estate were active. The photovoltaic industry chain collectively entered a correction, with photovoltaic inverters and energy storage sectors falling sharply, and Sungrow Power Supply once hit the daily limit down.

In the bond market, government bond futures collectively declined. In commodities, domestic commodity futures generally fell. Key market trends:

A-shares: As of press time, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.31%, and the ChiNext Board Index fell 0.27%.

Hong Kong Stocks: The Hong Kong stock market is closed today due to a holiday.

Bond Market: Government bond futures fell across the board. As of press time, the 30-year main contract fell 0.14%, the 10-year main contract fell 0.07%, the 5-year main contract fell 0.04%, and the 2-year main contract fell 0.01%.

Commodities: Domestic commodity futures generally declined. As of press time, lithium carbonate rose nearly 4% against the trend. A few varieties such as asphalt, eggs, polysilicon, tin, rubber, and pulp rose. Container shipping index, stainless steel, soybean meal, hot-rolled coil, manganese silicon, gold, industrial silicon, nickel, etc. all fell. Glass, caustic soda, iron ore, palladium, aluminum, rapeseed, coking coal, coke, etc. all fell over 1%.

10:21

The storage chip concept continued its strength. Win-Advanced Development achieved 3 boards in 4 days. Earlier, Leading Shares and Time Technology hit the daily limit up. Puramon Shares and Beijing Junzheng rose over 10%. Jiangbo Long, Xiangnong Xinchuang, Baiwei Storage, etc. followed the rise.

On the news front, a JPMorgan research report indicates that the current storage supercycle will be "higher and longer," with the global storage TAM soaring from $214 billion in 2025 to $1.68 trillion in 2028. DRAM revenue is expected to reach $1.23 trillion in 2028. CPU has become the core catalyst for the new round of storage uptrend.

10:11

Brokerage stocks surged sharply. Huaan Securities hit the daily limit up, Tianfeng Securities rose over 8%, and Changjiang Securities rose over 6%.

10:08

The semiconductor materials index surged. Jinhong Gas, Orient Zirconic, Haohua Chemical, and Do-Fluoride all hit the daily limit up. Youyan Silicon and Kaide Quartz rose over 10%.

09:52

The humanoid robot concept repeatedly became active. Topstar rose over 16%, Meili Technology rose over 10%, and Fangzheng Motor, Ruineng Technology, Julong Intelligent, and Wuzhou Xinchun followed the rise.

On the news front, production signals for Tesla's Optimus 3 have further clarified. The production line at the Fremont factory in California has been revamped, and mass production of the V3 is officially scheduled to start in July-August. Over 10 Chinese suppliers have entered the supply chain. In addition, at UBTECH's 2026 Global Product Launch Conference, Chairman and CEO Zhou Jian stated that orders for the ultra-bionic humanoid robot "UBTECH U1" series across all channels have exceeded 10k units.

09:42

The storage chip concept rapidly surged. Time Technology hit the daily limit up, reaching an all-time high. Golden Sun rose over 10%. Xiangnong Xinchuang, Langke Technology, Beijing Junzheng, Puramon Shares, and Baiwei Storage followed the rise.

09:36

In early trading, the energy storage concept fluctuated downward, with the inverter direction leading the decline. Sungrow Power Supply fell over 15%, and Zhengtai Power, Ginlong Technology, Goodwe, and Deye Shares followed the decline.

On the news front, according to Guancha.cn, on June 30 local time, Reuters cited five informed sources saying that the Trump administration is drafting a ban on importing foreign-made inverters, with unwarranted concerns that China might use these inverters to disrupt power supply. Inverters are key equipment in energy facilities, converting power from solar panels or batteries into electricity usable for home appliances. They allow remote access for updates and maintenance. According to the sources, the Federal Communications Commission (FCC) is drafting restrictions that would apply to new foreign inverter models, potentially as early as this year.

09:26

The Shanghai Composite Index opened down 0.09%, and the ChiNext Board Index fell 0.15%. Photovoltaics, CRO, generic drugs, AI applications, and CPO concept stocks weakened. Fluorochemicals, lithium mines, fiberglass, humanoid robots, online games, and vehicle-road-cloud concept stocks strengthened.

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