Hua Er Jie Jian Wen·2025-07-10 06:15Market Overview - A-shares experienced a rally in the afternoon, with the Shanghai Composite Index returning to 3500 points, driven by strong performance in major financial stocks, including the four major banks reaching new highs [1][20] - The Hang Seng Index showed mixed results, approaching 24000 points, with financial stocks performing well while tech stocks declined [1][3] - Domestic commodity futures saw a general increase, with polysilicon prices rising over 5% [1][4] A-shares Performance - As of the report, the Shanghai Composite Index rose by 0.60% to 3513.95, the Shenzhen Component Index increased by 0.47% to 10631.37, and the ChiNext Index gained 0.35% to 2192.37 [2][35] - The Shanghai 50 Index rose by 0.91% to 2764.74, while the CSI 300 Index increased by 0.35% to 4017.36 [2] Hong Kong Market Performance - The Hang Seng Index increased by 0.42% to 23993.66, while the Hang Seng Tech Index fell by 0.26% to 5218.49 [3][36] - Notable gains were observed in financial stocks, with some companies like China International Capital Corporation and Huatai Securities seeing significant increases [7][22] Bond Market - The bond market continued to decline, with the 30-year treasury futures contract dropping by 0.26%, the 10-year contract down by 0.11%, and the 5-year contract down by 0.09% [4][21] Commodity Market - Domestic commodity futures showed a broad increase, with polysilicon rising over 5%, pure benzene up over 4%, and several other commodities like caustic soda and silicon iron increasing nearly 4% [4][16] - Conversely, egg prices fell by over 1%, and international copper and vegetable oil saw declines close to 1% [4] Financial Sector - The financial sector saw significant activity, with major banks like ICBC, ABC, CCB, and BOC reaching historical highs [20][21] - The rise in brokerage stocks was attributed to the upcoming implementation of the stablecoin regulations in Hong Kong, set to take effect on August 1, 2025 [7][22] Technology Sector - Major technology stocks mostly performed poorly, with JD.com dropping over 2% and other tech giants like Alibaba and Tencent also declining [8][9] - In contrast, Apple-related stocks and consumer electronics stocks saw gains, with Sunny Optical Technology rising over 6% and BYD Electronics increasing by more than 5% [9][10] Specific Stock Movements - Notable stock movements included Zhongyin Securities hitting the daily limit up, and several other brokerage firms experiencing significant gains [6][7] - In the rare earth sector, Northern Rare Earth saw a surge, with a trading volume exceeding 70 billion yuan, and a projected net profit increase of 1882.54% to 2014.71% year-on-year [19][17]