Di Yi Cai Jing·2025-10-20 01:31Market Overview - Technology stocks experienced a significant rebound, while insurance stocks surged. Conversely, gold stocks showed a notable pullback, and pharmaceutical, rare earth, and banking stocks declined [1]. - The A-share market opened with the Shanghai Composite Index rising by 0.67%, the Shenzhen Component Index increasing by 1.49%, and the ChiNext Index up by 2.45% [2]. Stock Performance - The Shanghai Composite Index reached 3865.55, up by 25.80 points (0.67%), while the Shenzhen Component Index was at 12877.70, up by 188.76 points (1.49%). The ChiNext Index stood at 3007.21, increasing by 71.84 points (2.45%) [3]. - Notable performers included technology stocks, particularly in the CPO, computing power, and consumer electronics sectors, with Zhongji Xuchuang opening over 9% higher. Insurance stocks also performed well, with China Life opening nearly 6% higher [3]. Sector Performance - The insurance sector rose by 2.81%, while the National Big Fund holdings increased by 2.30%. Other sectors such as semiconductors and storage chips also saw gains of 2.07% and 2.05%, respectively [4]. - The Hong Kong market opened strongly, with the Hang Seng Index up by 2.52% and the Hang Seng Tech Index rising by 3.9%. Notable gains were seen in tech stocks, with NetEase up by 6% and Alibaba nearly 5% higher [6][7]. New Listings - Haixi New Drug, a pharmaceutical company established in March 2012, opened its first trading day at a high of 18%, priced at 102 HKD. The company focuses on both generic and innovative drug pipelines, with a commercialized product portfolio addressing various diseases [5].