A-share Opening Express | The three major indices collectively lead the way in high computing power chip concepts

The Zhitong Finance App learned that on September 22, the Shanghai Index opened 0.35% higher to 3963.81 points, the Shenzhen Index rose 0.94% to 13858.62 points, and the GEM index rose 1.37% to 3446.33 points. Science Innovation 50 opened 2.51% to 1699.05 points.

As of 9:34, a total of 2,696 companies had risen in the Shanghai and Shenzhen markets, 2,580 were down, and 291 were flat.

The increase was highest: semiconductors, components, real estate services, CPU concepts, AI computing power chips, electronic cloth, etc.; the decline was the highest: CRO concept, coal, shipping, food concept, aquaculture, tourism, etc.

Market conditions

Today, the four major indices collectively opened higher. The Science and Innovation 50 opened 2.51% higher, the GEM index opened 1.37% higher, the Shenzhen Index opened 0.94% higher, and the Shanghai Index opened 0.35% higher. The structure was divided after the opening of the market. The upward trend of the Shanghai Index was weak and fell below the opening price, while the Shenzhen Index and the GEM Index rose further compared to the opening price. As of 9:34, the Shanghai Index rose 0.19% to 3957.58 points, the Shenzhen Index rose 1.13% to 13885.52 points, the GEM index rose 1.74% to 3458.60 points, and Science Innovation 50 rose 2.49% to 1698.68 points.

At the sector level, the direction of computing power and hardware is concentrated. The CPU concept rose 6.99% to the top of the concept sector, AI computing power chips rose 2.87%, electronic distribution rose 2.47%; industry-side real estate services rose 3.06%, components rose 2.81%, and semiconductors rose 2.11%. On September 21, there was a rebound in the direction of medicine, which had the highest increase. The CRO concept had the highest decline, while coal, shipping, food concepts, aquaculture, and tourism declined simultaneously.

As of 9:34, the Shanghai and Shenzhen markets had risen and stopped 22 and 1 had fallen to a halt.

Overnight quick facts

US technology stocks surged across the board: At the close of trading on September 21, EST, the NASDAQ rose 2.26% to 27122.09 points to a new closing high, the Philadelphia Semiconductor Index rose 4.29%, and the market value of Chaowei Semiconductor surpassed 1 trillion US dollars for the first time. The WTI crude oil futures contract for October closed down 4.51% to $95.78 per barrel.

The central bank held a symposium on foreign financial institutions: The People's Bank of China held a symposium on foreign financial institutions on September 21. Governor Pan Gongsheng stated that it will implement a moderately loose monetary policy and steadily expand the two-way opening of financial markets. On the same day, the central bank launched a 7-day reverse repurchase operation of 165 billion yuan, with a net investment of 165 billion yuan in a single day. The LPR remained unchanged in September.

The humanoid robot industry chain welcomes catalysis: The Tesla robotics team opened a new round of robot business mass production review factories in Ningbo last week, and visited supply chain companies in the Yangtze River Delta region such as Hangzhou and Shanghai. The factory audits involved production line quality and compliance assessments; many supply chain companies have previously received orders for Tesla humanoid robots.

Trend analysis

Today, the four major indices opened higher collectively. The opening margin of the Science and Technology Innovation 50 and GEM Index was significantly larger than the Shanghai Index, and capital was concentrated in the direction of computing power chips, semiconductors, components, etc.; on September 21, the pharmaceutical sector, which had the highest increase, opened and rebounded.

The driver came from an overnight improvement in the external environment: the sharp rise in US technology stocks boosted global AI computing power sentiment, international oil prices fell sharply to ease concerns about inflation, and the central bank continued to make net investments to protect the financial side across the quarter. CME interest rate futures show that the Federal Reserve raised interest rates by about 56% again in October, which is still a disturbance.

The institutional consensus is biased towards a balanced allocation. It is believed that whether the repair market can continue depends on whether the decline in overseas interest rates and oil prices can continue, and the index may find a direction in the midst of fluctuating shocks.