A-share Opening Update | All three major indices open higher, with communication and electronics leading the gains.

On August 13, the Shanghai Composite Index opened up 0.27% at 3957.16 points, the Shenzhen Component Index opened up 0.85% at 14536.48 points, the ChiNext Index opened up 1.52% at 3656.88 points, and the Sci-Tech Innovation 50 Index opened up 1.52% at 1763.46 points. As of 9:31 AM, a total of 2,197 stocks rose and 3,059 fell across the two markets and the Beijing Stock Exchange, with 287 stocks flat. Top gainers included: communication equipment, components, other power supply devices, glass fiber, and consumer electronics; top losers included: pharmaceuticals and biology, agriculture, forestry, animal husbandry and fishery, petroleum and petrochemicals, real estate, and coal. Market Situation On August 13, all three major indices opened higher, with the Shanghai Composite Index rising 0.27% and remaining stable, the Shenzhen Component Index rising 0.85%, and both the ChiNext Index and the Sci-Tech Innovation 50 Index rising over 1.5%, indicating a strong tech growth style. Among the first-level industries by Shenwan, communications rose 2.53%, electronics rose 2.02%, and computers rose 1.28% leading the gainers; in concept sectors, optical chips, CPO, Google concepts, and Broadcom concepts related to computing power and optical communications showed strength. On the downside, sectors such as pharmaceuticals and biology, agriculture, forestry, animal husbandry and fishery, petroleum and petrochemicals, real estate, and coal fell, with previously strong real estate and resource stocks giving back gains. At the individual stock level, there was a divergence, with more stocks declining than rising in the overall market, and the profit-making effect being less than 40%. The index's higher opening was mainly driven by heavyweight technology stocks such as communication equipment and semiconductors, while small and mid-cap stocks performed relatively weakly. Overnight News Brief U.S. stocks showed mixed results, with July CPI meeting expectations: On August 12, local time, the three major U.S. indices varied, with the Dow Jones down 0.04% at 53770.27 points, the S&P 500 up 0.26%, and the Nasdaq up 0.54%; the Hong Kong Hang Seng Index fell 0.83%. The U.S. Department of Labor reported that July CPI rose 3.4% year-on-year, and core CPI rose 2.5% year-on-year, both in line with market expectations, indicating moderate inflation data. The People's Bank of China released the second quarter monetary policy implementation report: On August 12, the People's Bank of China published the monetary policy implementation report for the second quarter of 2026, clearly stating the continuation of a moderately accommodative monetary policy, maintaining ample liquidity and relatively loose social financing conditions, strengthening financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises, and announced overnight reverse repo operations to be conducted on August 14 and 17-19, with a daily scale not exceeding 600 billion yuan. Contemporary Amperex Technology plans to establish a green industry fund, and several companies disclose semi-annual reports: On the evening of August 12, Contemporary Amperex Technology announced its intention to invest 2.475 billion yuan to establish the Hainan Green Industry Investment Fund, focusing on Hainans zero-carbon industry; Sinosun Technology's control is set to change and will resume trading on the 13th; Suzhou TFC Optical Communication published a restricted stock incentive plan. In terms of semi-annual reports, Yihai Kerry Arawana Holdings, Chengzhi Co., Ltd., and Ningxia Baofeng Energy Group saw substantial net profit growth year-on-year. Market Analysis Today, the three major indices opened higher, with the ChiNext Index and the Sci-Tech Innovation 50 Index both rising over 1.5%. Communication, electronics, and computers led the gains, and concepts such as optical chips and CPO were active. The Nasdaq rose 0.54% overnight, positively reflecting on sentiment in the A-share technology sector; the central bank's second-quarter monetary policy report continues a moderately accommodative tone with stable liquidity expectations. However, the number of stocks that fell at the opening was greater than those that rose, with the profit-making effect at less than 40%. The index's higher opening was mainly led by heavyweight technology stocks, while small and mid-caps diverged, and sectors such as pharmaceuticals and biology, petroleum and petrochemicals, coal, and real estate lagged the market. In the short term, some views lean towards the belief that the AI hardware boom remains in focus, but the high-level computing power sector may enter a phase of divergence, with funds dispersing towards lower-priced consumer and value sectors. The index may maintain fluctuating divergence, with structural opportunities still concentrated in technology growth areas.