2 1 Shi Ji Jing Ji Bao Dao·2025-11-26 07:56Market Overview - On November 26, the Shenzhen Component Index and the ChiNext Index opened lower but closed higher, with the ChiNext Index rising over 3% at one point and closing up 2.14% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.78 trillion CNY, a decrease of 28.8 billion CNY compared to the previous trading day [1] - A total of 1,689 stocks rose while over 3,500 stocks fell [1] Consumer Sector - The consumer sector saw a significant surge towards the end of the trading session, with stocks like Haixin Food, Guangbai Co., Dongbai Group, and Sanjiang Shopping hitting the daily limit [1] - Other stocks such as Huanlejia and Yike Food also experienced rapid increases [1] Semiconductor and Electronics Sector - The semiconductor and electronics sectors performed well throughout the day, with active trading in optical modules, optical communication, and optical chip stocks [2] - Notable stocks included Changguang Huaxin, Mingwei Electronics, and Dongxin Co., which all hit the daily limit with a 20% increase [2] Individual Stock Performance - Zhongji Xuchuang saw a significant increase of over 13%, reaching a historical high with a market capitalization exceeding 600 billion CNY [3] - The stock has risen nearly 500% over the past 120 trading days and has a year-to-date increase of 342% [3][4] Alibaba Financial Results - Alibaba reported a 34% year-on-year growth in cloud revenue for the second quarter of the 2026 fiscal year, with AI-related product revenue achieving triple-digit year-on-year growth for nine consecutive quarters [5] - The company’s self-developed AI inference chip series, along with continuous iterations of domestic AI chips from Huawei and Cambricon, is expected to reduce reliance on overseas computing power [5] Bond Market and Vanke - Vanke's bonds experienced a significant drop, with "22 Vanke 02" falling over 30% during trading and closing down over 17% [7] - The stock of Vanke A also fell by 2.5%, reaching a new low, while its Hong Kong stock dropped over 6% [9] - Vanke is set to receive a shareholder loan of up to 22 billion CNY from the Shenzhen Metro Group to repay public market bond principal and interest [9]