The balance of margin financing and securities lending in A-shares hits a record high! The three major stock indices fluctuate and decline, innovative drugs surge, precious metals strengthen, the Hang Seng Index falls by 0.4%, and technology stocks collectively adjust

On September 2, the A-shares fluctuated and fell, with all three major indices turning red in the morning session. Innovative drugs surged, and new energy battery concept stocks rose, with power batteries, perovskite batteries, and solid-state batteries leading the gains. The precious metals sector was active, while rare earth permanent magnets and stablecoin concepts adjusted. The Hong Kong stock market declined, with the Hang Seng Index and Hang Seng Tech Index fluctuating downwards, large tech stocks retreated, and the pharmaceutical and biotechnology sectors were active. In the bond market, government bond futures rose slightly. In commodities, most domestic commodity futures strengthened, with polysilicon rising over 4% and the shipping index soaring over 6%. Core market trends:

A-shares: As of the time of writing, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index fell 0.51%, and the ChiNext Index fell 0.36%.

Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.04%, and the Hang Seng Tech Index fell 0.43%.

Bond market: Government bond futures fluctuated higher. As of the time of writing, the 30-year main contract rose 0.07%, the 10-year main contract remained flat, the 5-year main contract remained flat, and the 2-year main contract rose 0.01%.

Commodities: Most domestic commodity futures rose. As of the time of writing, the shipping index rose over 6%, polysilicon rose nearly 5%, industrial silicon rose over 2%, asphalt, fuel oil, and rubber rose over 1%, while stainless steel, ferrosilicon, pulp, aluminum, alumina, copper, and iron ore also increased. Soybean meal, coke, hot-rolled coils, lithium carbonate, rebar, glass, and coking coal fell, with eggs dropping over 1%.

News: As of September 1, the margin balance of A-shares reached 2.3 trillion yuan, breaking the historical high, exceeding the 2.27 trillion yuan recorded on June 18, 2015, and increasing by 35.643 billion yuan from the previous day, with the financing balance at 2.28 trillion yuan, also surpassing the historical peak on June 18, 2015. Specifically, since August 22, the margin balance has continuously increased for multiple trading days, during which 24 stocks received net financing purchases exceeding 1 billion yuan, with Shenghong Technology, Cambricon Technologies-U, and NewEase leading at 5.668 billion yuan, 4.648 billion yuan, and 4.14 billion yuan, respectively.

09:51

The innovative drug sector surged, with BeiGene, Amgen, and Changchun High-tech rising over 10%, and Betta Pharmaceuticals and Sanofi leading the gains

09:45

The precious metals sector continues to strengthen, with Western Gold hitting the daily limit, and Hunan Silver, Shengda Resources, Zhongjin Gold, and others rising.

In terms of news, spot gold broke through the $3,500 mark during trading today, reaching a high of $3,508.46 per ounce, setting a new historical high.

According to the article, analysis indicates that the latest round of increases in the precious metals market is closely related to Trump's pressure on Federal Reserve Chairman Jerome Powell and the firing of Governor Lisa Cook. According to the Financial Times, since Trump announced the firing of Cook, who is currently contesting this action in court, gold prices have risen for several consecutive days. This series of events has intensified market expectations that the Federal Reserve will cut interest rates at its policy meeting on September 17.

09:37

Photovoltaic concept stocks opened higher, with Saiwu Technology hitting the daily limit, and Jiejia Weichuang and Sunshine Power rising over 5%, followed by Autowell, Jinlang Technology, Sineng, Jingsheng Electromechanical, and Dongfang Risheng.

09:33

Industrial mother machine concept stocks led the rise at the opening, with HCNC hitting the daily limit, and WHHD, NHPM, Kede CNC, JDM, and Hengjin Induction all opening higher.

In terms of news, the National Standardization Administration and the Ministry of Industry and Information Technology issued the "Construction Plan for High-Quality Standard System of Industrial Mother Machines," aiming to establish a basic high-quality standard system for industrial mother machines by 2026.

09:29

Government bond futures opened, with the 30-year main contract up 0.06%, the 10-year main contract up 0.02%, the 5-year main contract down 0.00%, and the 2-year main contract up 0.00%.

09:26

The Shanghai Composite Index opened up 0.04%, while the ChiNext Index fell 0.18%. The two departments issued the "Construction Plan for High-Quality Standard System of Industrial Mother Machines," leading to a collective rise in concept stocks; Google's nano banana went viral, and the 3D printing concept began to ferment; AI hardware has cooled down, with High-Speed Copper, Liquid Cooling, and Huakun Zhenyu concepts experiencing significant declines

09:21

The Hang Seng Index opened down 0.11%, at 25,587.97 points; the Hang Seng Tech Index fell 0.11%.

Tech stocks showed mixed results, with Alibaba rising over 2%, JD Health falling 2%, and NetEase dropping nearly 2%; silver prices broke through a 13-year high, with the precious metals sector generally rising, China Silver Group and China Gold International both up over 3%; pharmaceutical stocks generally retreated, with Sinopharm falling over 6%.

09:01

Commodity futures opened, with the main contract for polysilicon rising nearly 5%, Shanghai silver and LU fuel oil up over 2%, and palm oil, liquefied gas, crude oil, industrial silicon, asphalt, fuel oil, and stainless steel all up over 1%. Caustic soda, lithium carbonate, red dates, and coking coal fell over 1%.