A-shares fluctuate and rise, AI applications continue to explode, photovoltaic industry chain adjustments, Hengke Index rises nearly 2%, and tech stocks rebound across the board

AI application concept stocks continue to rise, previously ByteDance’s Seedance2.0 video model underwent internal testing, and the Xiaoyunque app can experience Seedance2.0 (limited free times: 3), with Seedance2.0fast coming soon.

On February 10, A-shares fluctuated higher, with the three major stock indexes opening slightly higher. AI application concept stocks continued to surge, computing hardware stocks were active in the early trading session, and the photovoltaic industry chain adjusted. Hong Kong stocks opened high and moved higher, with the Hang Seng Index and Hang Seng Tech Index both rising over 1%. Tech stocks rebounded across the board, with Alibaba up nearly 3%.

In the bond market, Chinese government bond futures fluctuated and consolidated. In commodities, domestic commodity futures showed divergence, with Shanghai silver, Shanghai tin, and other metal futures rising, while polysilicon and industrial silicon declined. Key market movements:

A-shares: As of the time of writing, the Shanghai Composite Index rose 0.19%, the Shenzhen Component Index increased 0.10%, and the ChiNext Index gained 0.02%.

Hong Kong stocks: As of the time of writing, the Hang Seng Index increased 1.09%, and the Hang Seng Tech Index rose 1.57%.

Bond market: Chinese government bond futures fluctuated and consolidated. As of the time of writing, the 30-year main contract fell 0.07%, the 10-year main contract was flat, the 5-year main contract was flat, and the 2-year main contract was flat.

Commodities: Domestic commodity futures showed mixed movements. As of the time of writing, the container shipping index and polysilicon fell over 1%, while coking coal, industrial silicon, coke, hot-rolled coil, soybean meal, manganese silicon, rebar, pulp, palladium, and alumina declined. Stainless steel, asphalt, iron ore, rapeseed, eggs, Shanghai nickel, glass, Shanghai copper, lithium carbonate, Shanghai gold, and platinum rose. Rubber and fuel oil increased over 1%, caustic soda rose over 2%, and Shanghai tin and Shanghai silver increased 4%.

10:26

The upward momentum of AI applications expanded, with Readking Culture hitting the 20cm limit-up, and over ten stocks including Jucheng Holdings, Rongxin Culture, Fengyu Zhu, People’s Daily Online, and iReader Technology hitting the daily limit.

09:55

Offshore RMB against USD broke through the 6.91 mark for the first time since May 2023, currently at 6.9094, up 57 points intraday.

09:46

Early trading saw the computing chip concept fluctuate and strengthen, with Chipone Technology rising over 10% to a new high, followed by Hygon Information, Cambrian, Yuntian Lifei, Moore Threads, and Lanking Technology.

In news, on February 6, the Ministry of Industry and Information Technology issued the “Notice on Organizing the Construction of National Computing Power Interconnection Nodes,” emphasizing the construction of computing power interconnection nodes targeting national hub nodes, major strategic regions, and key industries, to build a system of computing power interconnection nodes, improve the efficiency and service level of public computing resources, and promote high-quality development of computing power.

09:31

The Seedance concept continued its strong momentum in the early trading session, with Rongxin Culture, Huanyu Century, and iReader Technology hitting two consecutive limit-ups, and Chinese Online and Jucheng Holdings opening more than 10% higher.

In recent news, ByteDance’s Seedance2.0 video model underwent internal testing, and the Xiaoyunque app can experience Seedance2.0 (limited free times: 3). Seedance2.0 supports generating 5 to 15-second single videos, which, with the help of a self-developed storyboard workflow, can produce content with multiple angles, character dialogues, and subtitles.

09:26

The Shanghai Composite Index opened 0.11% higher, while the ChiNext Index fell 0.33%. Today, three new stocks are listed: N-Technology surged 750% at the open, and N-Aide and N-Linping rose over 225% and 66%, respectively.

09:21

The Hang Seng Index opened 0.65% higher at 27,202.96 points; the Hang Seng Tech Index increased 0.82%. Zijin Mining rose 2.9%, Pop Mart and NetEase gained over 2%, and stocks like SMIC, JD.com, and Alibaba rose over 1%.

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