Zhong Guo Zheng Quan Bao·2026-02-02 04:40Market Overview - The A-share market experienced a decline this morning, with all three major indices falling: the Shanghai Composite Index down 1.32%, the Shenzhen Component Index down 1.41%, and the ChiNext Index down 1.18% [3] Sector Performance - Significant declines were observed in the commodities sector, including non-ferrous metals, oil and gas extraction, chemicals, soybeans, and corn, influenced by turbulence in the commodity market [1] - The three major telecom operators collectively dropped due to adjustments in the value-added tax rate, with China Mobile and China Telecom falling over 3%, and China Unicom down over 4% [9] - The storage chip sector saw a notable drop, with a recent survey indicating a decline in DRAM spot prices for the first time in months, attributed to a significant price gap between spot and futures markets [2] Notable Stocks - The electric power infrastructure chain saw gains, particularly in the grid equipment sector, with stocks like Shuangjie Electric, Yinen Power, and Ankao Zhidian experiencing substantial increases, with Shuangjie Electric rising by 19.97% [5][6] - A report highlighted that global AI computing power construction is entering a boom phase, leading to increased demand for power equipment, with some transformer factories already operating at full capacity and orders extending to 2027 [7] Company Announcements - Jerry Holdings announced a significant contract worth $181.5 million (approximately 1.265 billion RMB) for gas turbine generator sales, drawing market attention [8] - The adjustment in the tax rate for telecom services is expected to impact revenue and profit for the three major operators, with analysts adjusting their earnings forecasts for 2026 [9][10]