The CSI Consumer 360 index was active at the beginning of the session, with sectors such as The Pet Economy and medical beauty leading the way. Liuzhou Liangmianzhen, Dongzhu Ecological Environment Protection, and Anzheng Fashion Group saw their shares hit the limit up, while Lafang China, Jiaheng Family, Shanghai Lily&Beauty Cosmetics, and Shanghai Yimin Commercial Group had higher gains. In the Hong Kong stock market, Xpeng Motors rose by 9.7%, Baidu fell by over 2%, and Alibaba, Lenovo, and JD.com all dropped by more than 1%.
The A-shares opened lower, the Shanghai Composite Index fluctuated and rose in the morning, with the semiconductor sector active and the port Sector correcting. The Hong Kong stock market's Hang Seng Index and Hang Seng TECH Index opened and fell, Xiaopeng Motors surged nearly 10%, and Baidu dropped over 3%. In terms of Commodities, the European shipping index fell more than 4%. In the bond market, treasury Futures rose across the board. Core market trends:
A-shares: As of the time of writing, the Shanghai Composite Index rose 0.02%, the Shenzhen Component Index fell 0.22%, and the GEM Index fell 0.44%.
Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.43%, and the Hang Seng TECH Index fell 0.17%.
Bond market: Treasury Futures strengthened, the 30-year Block Orders contract rose 0.17%, the 10-year Block Orders contract rose 0.07%, the 5-year Block Orders contract rose 0.07%, and the 2-year Block Orders contract rose 0.03%.
【09:59】
The A-share semiconductor sector is active, with Sichuan Haite High-Tech hitting the ceiling, and Fine Made Microelectronics Group, Wingtech Technology, and Hangzhou Silan Microelectronics following suit.
【09:40】
The CSI Consumer 360 index sector was active at the beginning of the day, with The Pet Economy and medical beauty sectors leading the way, while Liuzhou Liangmianzhen, Dongzhu Ecological Environment Protection, Anzheng Fashion Group hit the ceiling, and Lafang China, Jiaheng Family Products, Shanghai Lily&Beauty Cosmetics, and Shanghai Yimin Commercial Group saw significant gains.
【09:39】
As of the time of writing, Baidu's stock dropped more than 3% at one point.
Baidu's Earnings Reports for the first quarter of 2025 show revenue of 32.45 billion yuan, exceeding expectations, with a year-on-year growth of 3%. Profit increased by 42% year-on-year, with intelligent cloud growth reaching 42%. The order volume for "Carrot Fast Run" increased by 75% year-on-year, and the number of global travel service instances exceeded 11 million.
As of the time of writing, XPeng Motors is up 9.03%.
In terms of news, XPeng Motors reported first-quarter revenue of 15.81 billion yuan, a year-on-year increase of 141.5%; adjusted net loss attributable to shareholders was 0.43 billion yuan, narrowing by 69.8% year-on-year. XPeng Motors' Chairman He Xiaopeng stated that the company expects delivery volumes for Q2 2025 to reach between 0.102 million and 0.108 million units, with the potential for year-on-year growth exceeding 250% and profitability expected by Q4.
【09:30】
Government bond Futures opened, with the 30-year Block Orders contract up 0.05%, the 10-year Block Orders contract up 0.03%, the 5-year Block Orders contract up 0.06%, and the 2-year Block Orders contract up 0.03%.
【09:20】
The Hang Seng index opened down 0.33%, reporting 23,748.58 points; the Hang Seng TECH Index fell by 0.11%. XPeng Motors rose by 9.7%, Baidu fell by over 2%, while Alibaba, Lenovo, JD.com, and others fell by over 1%.
【09:01】
The domestic commodity futures opened in the morning with mixed results. Aluminum oxide, Soybean Meal, and others rose more than 1%, while soda ash and iron ore saw slight increases; the European shipping index dropped over 4%, and Crude Oil Product and fuel oil fell more than 1%, with short fibers and caustic soda also declining slightly.
