Market Overview: Broad Rally Led by AI
On Wednesday morning, the A-share market showed a broad-based upward trend. As of writing, the ChiNext Index rose over 1%, the Shanghai Composite Index gained 0.34%, and the Shenzhen Component Index increased by 0.91%. Nearly 3,600 stocks advanced across the Shanghai, Shenzhen, and Beijing markets, indicating a significant improvement in market sentiment. Leading gainers included AI applications, precious metals, and Alibaba MCP concepts.
Hotspot Focus: Commodity Boom and Tech Wave
- Soaring Commodity Markets: The domestic commodity futures market was a standout performer. The main Shanghai tin futures contract on the SHFE hit its daily limit-up twice, breaking through the 410,000 yuan/ton mark to set a new all-time high. Concurrently, the international spot silver price surpassed $89 per ounce, marking a year-to-date increase of over 24% and also reaching a historic peak. The precious metals sector opened higher on this news.
- Continued Strength in AI Applications: The technology sector remained the market's core focus. AI application concept stocks continued their strong performance. Guangyun Technology (688365.SH) surged by the 20% daily limit, while Zhide Mai (300785.SZ) rose over 16%. Stocks like Zhewen Interconnected (600986.SH) and Leo Group (002131.SZ) also hit the 10% limit-up. Notably, Zhipu AI and Huawei jointly open-sourced the first SOTA multimodal model fully trained on domestic chips, signaling further maturation of China's independent AI technology ecosystem.
- Policy and Liquidity: The People's Bank of China conducted 240.8 billion yuan in reverse repo operations today, resulting in a net injection of 212.2 billion yuan, maintaining reasonably ample liquidity in the banking system. Furthermore, the Inter-ministerial Joint Conference on Energy-saving and New Energy Vehicle Industry Development was held, emphasizing the need to enhance the independent and controllable capability of industrial and supply chains, and accelerate breakthroughs in technologies like all-solid-state batteries and high-level autonomous driving.
Outlook
The morning session was active, driven by the dual themes of the commodity boom and technological growth. The strength in AI applications reflects high market recognition of the industry trend, while the rise in precious metals points to complex expectations regarding the global macro environment. Short-term market sentiment is warm, but attention should be paid to potential sector differentiation after consecutive gains and whether trading volume can sustain its support.
This article does not constitute any investment advice. The stock market involves risks, and investment requires caution!