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China's A-share market saw its three major indices decline during intraday trading, while sectors such as big finance, coal, and liquid-cooled servers were active. Hong Kong's Hang Seng Tech Index turned negative, and the container shipping index plunged 7%.
On September 3, A-shares opened higher and then trended lower, with the three major indices fluctuating downwards in the morning session. The Shanghai Composite Index rose 0.47%, the Shenzhen Component Index gained 0.24%, and the ChiNext Index increased by 0.28%. The major financial sector was active, with insurance and brokerage firms rallying, and China Sheng Securities hitting the daily limit in the securities sector. The coal sector performed strongly, with Zhengzhou Coal & Electricity hitting the daily limit. The liquid-cooled server concept repeatedly strengthened, with Jinfu Technology seeing 4 daily limits in 10 days. Hong Kong stocks also opened higher and then trended lower, with the Hang Seng Index up 0.63% and the Hang Seng Tech Index turning negative to a gain of 0.14%. Most domestic commodity futures rose, with palladium up over 4%, but the Containerized Freight Index plunged 7%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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