The three major A-share stock indices fluctuate and rise, with shipping and non-ferrous metals leading the surge. Computing hardware declines across the board, and Hong Kong tech stocks collectively rebound.

SnapshotLaborer · 2026-02-25T02:32:38+00:00

The article mentions that the A-share market experienced a volatile rise in the morning session on February 25, with sectors such as chemicals, oil and gas, and shipping continuing to strengthen. The non-ferrous metals sector also performed well. The Hong Kong stock market also maintained its upward trend, with tech and shipping stocks performing notably, while large model stocks experienced significant declines. The bond market mostly declined, while domestic commodity futures generally rose, with prices of commodities like lithium carbonate increasing notably. Overall, the market was active, but investors are advised to exercise caution.

SnapshotLaborer

2026-02-25 02:32:38

Abstract generation in progress

The phosphorous chemical sector continued yesterday’s strong momentum, after the U.S. announced the inclusion of elemental phosphorus and key herbicides like glyphosate into the list of critical defense materials. The non-ferrous metals sector saw multiple stocks rise. During the Spring Festival holiday, overseas non-ferrous metals performed relatively strongly, with prices of LME tin, nickel, and copper all rising across the board.

On February 25, the A-shares opened with slight fluctuations and moved higher, with the three major indices edging up. The chemical, oil and gas, and shipping sectors continued their upward trend, while real estate stocks showed unusual activity and surged. Hardware related to computing power generally declined, with memory, optical communications, and CPO sectors leading the declines. Hong Kong stocks opened higher and maintained gains, with the Hang Seng Index and Hang Seng Tech Index rising. Tech stocks rebounded broadly, but large model stocks plummeted—Zhipu fell over 7%, and MINIMAX dropped more than 16%.

In the bond market, most government bond futures declined. In commodities, domestic commodity futures mostly rose, with lithium carbonate up over 5%. Key market movements:

A-shares: As of the report, the Shanghai Composite Index increased by 0.54%, the Shenzhen Component Index by 0.49%, and the ChiNext Index by 0.05%.
Hong Kong stocks: As of the report, the Hang Seng Index rose by 0.37%, and the Hang Seng Tech Index by 0.58%.
Bond market: Most government bond futures declined. As of the report, the 30-year main contract increased by 0.02%, the 10-year main contract by 0.01%, the 5-year main contract decreased by 0.01%, and the 2-year main contract fell by 0.02%.
Commodities: Domestic commodity futures generally rose. As of the report, lithium carbonate surged over 5%, platinum and palladium increased over 4%, Shanghai tin rose more than 3%, rubber gained 2%, and Shanghai nickel, silver, coking coal, soybean meal, glass, and stainless steel each increased by 1%. Pulp, coke, iron ore, rebar, and Shanghai copper also advanced.

10:02

Hong Kong large model concept stocks saw widening declines, with MINIMAX-WP down over 15%, and Zhipu down over 8%.

09:43

The shipping sector continued its strong performance, with COSCO Shipping Development hitting the daily limit again, marking its third limit-up in four days and reaching a new historical high. COSCO Shipping Energy, COSCO South China Ocean, and AnTong Holdings hit the limit, while China Shipping Development, Haitong Development, and Ningbo Oceanic also rose.

09:39

The non-ferrous metals sector opened strong, with Yunnan Geology and China Nonferrous Metal Industry’s stocks hitting the daily limit. Zhanyuan Tungsten, Tin Industry, Northern Rare Earth, Huaxi Nonferrous, and Shenghe Resources also gained.

09:34

The film and cinema chain concept continued to decline, with Bona Film and Hengdian Film hitting the daily limit down twice. China Film, Enlight Media, and Happy Blue Ocean also fell.

09:30

The phosphorous chemical sector continued its upward trend, with Chengxing Shares hitting the limit for two consecutive days. Several stocks including Hebang Bio, Jinjingda, Liuguo Chemical, Hengkang Shares, and Chuanjinnuo opened high.

09:26

The Shanghai Composite Index opened 0.15% higher, and the ChiNext Index also rose 0.15%.

Oil & gas, shipping, chemical, and non-ferrous metals sectors strengthened again, with superconductors, PEEK materials, and high-speed copper connection concept stocks active. The superhard materials, memory, photovoltaic, AI applications, Yushu Robotics, and departure tax rebate themes weakened.

09:21

The Hang Seng Index opened 0.58% higher at 26,745.20 points; the Hang Seng Tech Index increased by 0.86%. Xpeng Motors rose over 2%, Huahong Semiconductor and SMIC gained over 1%.

09:16

The RMB/USD central parity rate was quoted at 6.9321, up 93 basis points; the previous trading day’s central parity was 6.9414, reaching the highest since May 11, 2023. The previous day’s official closing price was 6.8849, and the night session closed at 6.8812.

Risk Warning and Disclaimer

The market carries risks; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment based on this information is at your own risk.

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