On September 21st, A-shares collectively rose in early trading, with the Shanghai Composite Index up 0.50%, the Shenzhen Component Index up 0.80%, and the ChiNext Index up 1.29%. The biomedical sector surged, with CRO, innovative drugs, weight-loss drugs, and gene sequencing concept stocks all rising significantly. Storage chip stocks strengthened, with CXMT up 5%.
Hong Kong stocks saw mixed performance, with the Hang Seng Index up 0.51%. The Hang Seng Tech Index rose initially before pulling back and turning negative, while the Hang Seng Biotech Index surged nearly 5%.
Most domestic commodity futures rose, but crude oil fell sharply by 6%, and pulp gained 3%.
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China's A-share market saw its three major indices rise collectively in early trading, with the ChiNext Index once gaining over 1%. Hong Kong's Hang Seng Tech Index surged before pulling back to losses, while the Biotech Index soared nearly 5%. Crude oil prices fell sharply by 6%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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