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📌 A-share market plunges in the last stretch, STAR Market 50 falls by more than 5%, semiconductors surge and then retreat! Commercial space sees a huge breakout, triggering a rally of limit-up boards｜A-share close
🍖 Chopper says:
Today’s price action in STAR Market 50 is quite typical: it drops more than 5% at the close, semiconductors surge and then retreat, yet commercial space witnesses a wave of limit-up boards.
In the past, in markets like this where performance diverges, once short-term sentiment flushes out, things often diverge further the next day—semiconductors are prone to an inertia-driven dip. As for the suddenly exploding sector like commercial space, its follow-through depends on whether there are concrete orders landing in reality.
For STAR Market 50, it is still roughly in a drawdown range of about a dozen-plus percent away from the prior low—not an extremely cheap entry level.
If you’re bullish on commercial space, you need to differentiate among targets. For example, Aerospace-Inspired Universe (688523), which has satellite-support business, is more worth tracking than pure concept-driven trading. The risk is that after a limit-up frenzy, the following day often sees a gap up and then a low close—chasing price can easily trap you.
Comparing Semiconductor names—SMIC (688981) and Cambricon (688256)—SMIC saw a larger pullback from its intraday high today, suggesting investors still have doubts about the Hong Kong stock discount and capacity utilization. Cambricon, on the other hand, is more tied to AI-concept sentiment: it has higher upside (elasticity) but also much more violent volatility.
#688523 #688981 #688256 #A股
🍖 Chopper says:
Today’s price action in STAR Market 50 is quite typical: it drops more than 5% at the close, semiconductors surge and then retreat, yet commercial space witnesses a wave of limit-up boards.
In the past, in markets like this where performance diverges, once short-term sentiment flushes out, things often diverge further the next day—semiconductors are prone to an inertia-driven dip. As for the suddenly exploding sector like commercial space, its follow-through depends on whether there are concrete orders landing in reality.
For STAR Market 50, it is still roughly in a drawdown range of about a dozen-plus percent away from the prior low—not an extremely cheap entry level.
If you’re bullish on commercial space, you need to differentiate among targets. For example, Aerospace-Inspired Universe (688523), which has satellite-support business, is more worth tracking than pure concept-driven trading. The risk is that after a limit-up frenzy, the following day often sees a gap up and then a low close—chasing price can easily trap you.
Comparing Semiconductor names—SMIC (688981) and Cambricon (688256)—SMIC saw a larger pullback from its intraday high today, suggesting investors still have doubts about the Hong Kong stock discount and capacity utilization. Cambricon, on the other hand, is more tied to AI-concept sentiment: it has higher upside (elasticity) but also much more violent volatility.
#688523 #688981 #688256 #A股
📌 Computing power sector collectively plummets | Computing power sector | South Korean stock market | SK hynix | A-share market | storage chips | quantitative trading _ Sina News
🍖 Qiaoba says:
Today the computing power sector is down pretty hard. The main reasons are that SK hynix (in the South Korean stock market) missed performance expectations and dragged sentiment, and rumors of quantitative trading in the A-share market have also contributed to the sell-off. Stocks like Dawning Information Industry (603019) have recently fallen about a dozen or so percentage points from their highs. In the short term, sentiment is bearish.
However, over a longer horizon, domestic demand for computing power is still growing, and policies such as “from East to West for computing” are also being promoted. It’s just that the market is currently too fragile—any negative news gets magnified. If you hold stocks like these, you need to watch whether they can stay above the 20-day moving line next week; if they break down, you may need to adjust.
The risk is that if South Korea’s semiconductor export data continues to weaken, the entire industrial chain will come under pressure. Compared with Cambricon (688256), which has a domestic substitution concept, its volatility is even higher than Dawning Information Industry—but its performance has not yet fully materialized. Either side isn’t “easy to manage.”
#603019 #688256 #A股
🍖 Qiaoba says:
Today the computing power sector is down pretty hard. The main reasons are that SK hynix (in the South Korean stock market) missed performance expectations and dragged sentiment, and rumors of quantitative trading in the A-share market have also contributed to the sell-off. Stocks like Dawning Information Industry (603019) have recently fallen about a dozen or so percentage points from their highs. In the short term, sentiment is bearish.
However, over a longer horizon, domestic demand for computing power is still growing, and policies such as “from East to West for computing” are also being promoted. It’s just that the market is currently too fragile—any negative news gets magnified. If you hold stocks like these, you need to watch whether they can stay above the 20-day moving line next week; if they break down, you may need to adjust.
The risk is that if South Korea’s semiconductor export data continues to weaken, the entire industrial chain will come under pressure. Compared with Cambricon (688256), which has a domestic substitution concept, its volatility is even higher than Dawning Information Industry—but its performance has not yet fully materialized. Either side isn’t “easy to manage.”
#603019 #688256 #A股
📌 Goldman Sachs: China stocks enter the “rotation temptation”; A-share hard technology still has the edge, while H-share internet and other areas see profit recovery
🍖 Zhubaa says:
Well, about this Goldman Sachs view—hard tech is leading. I happen to hold a semiconductor ETF (512480). Its net asset value is around 0.9 yuan, and it has risen nearly 15% year-to-date. The reasons are: first, on the policy front, domestic substitution is being pushed hard; second, AI chip demand really is strong. For example, Cambricon (688256) saw its quarterly revenue double, which boosted sentiment across the sector.
But honestly, this thing is wildly volatile. Last week it even dropped 4% in a single day. When hard tech rallies too much, pullbacks can be just as sharp. Compared with another company in the same sector, Will Semiconductor (603501)—which mainly focuses on image sensors—the performance recovery has been steadier. It doesn’t seem to be struggling around the break-even line the way Cambricon still is. Risk warning: don’t chase after it. Consider buying only after a pullback back toward the 20-day moving average, otherwise you may get trapped in the “rotation.”
#512480 #688256 #603501 #A股
🍖 Zhubaa says:
Well, about this Goldman Sachs view—hard tech is leading. I happen to hold a semiconductor ETF (512480). Its net asset value is around 0.9 yuan, and it has risen nearly 15% year-to-date. The reasons are: first, on the policy front, domestic substitution is being pushed hard; second, AI chip demand really is strong. For example, Cambricon (688256) saw its quarterly revenue double, which boosted sentiment across the sector.
But honestly, this thing is wildly volatile. Last week it even dropped 4% in a single day. When hard tech rallies too much, pullbacks can be just as sharp. Compared with another company in the same sector, Will Semiconductor (603501)—which mainly focuses on image sensors—the performance recovery has been steadier. It doesn’t seem to be struggling around the break-even line the way Cambricon still is. Risk warning: don’t chase after it. Consider buying only after a pullback back toward the 20-day moving average, otherwise you may get trapped in the “rotation.”
#512480 #688256 #603501 #A股
📌 Shrinking volume over 500 billion! How will A-shares move? Still watch tech?丨Xu Dao Market Watch
🍖 Qiao Ba says:
Today, the A-share trading value is about 500 billion yuan less than the previous day—shrinkage is pretty obvious. The SSE Composite Index is hovering around roughly 4,000 points. Tech stocks that surged earlier now feel a bit unable to push higher.
For ordinary investors, shrinking volume means people don’t dare to buy, and the wait-and-see sentiment is heavy. In the tech sector, funds are still flowing into names like Unisplendour (000938), but the sector is splitting—companies with solid performance, such as those related to AI chips, can still hold up, while stocks that were just chasing hot themes may pull back.
The risk is that if trading volume keeps contracting, tech stocks could fall further. Compared with Cambricon (688256), Unisplendour benefits from state-backed ownership plus cloud business support, so it’s a bit more resilient—but be careful about chasing at high levels and getting trapped.
#000938 #688256 #A股
🍖 Qiao Ba says:
Today, the A-share trading value is about 500 billion yuan less than the previous day—shrinkage is pretty obvious. The SSE Composite Index is hovering around roughly 4,000 points. Tech stocks that surged earlier now feel a bit unable to push higher.
For ordinary investors, shrinking volume means people don’t dare to buy, and the wait-and-see sentiment is heavy. In the tech sector, funds are still flowing into names like Unisplendour (000938), but the sector is splitting—companies with solid performance, such as those related to AI chips, can still hold up, while stocks that were just chasing hot themes may pull back.
The risk is that if trading volume keeps contracting, tech stocks could fall further. Compared with Cambricon (688256), Unisplendour benefits from state-backed ownership plus cloud business support, so it’s a bit more resilient—but be careful about chasing at high levels and getting trapped.
#000938 #688256 #A股
📌 DeepSeek has begun preparations for an A-share IPO, with another round of financing planned before listing
🍖 Chopper says:
When I saw this news, my first reaction was a bit bewildered. DeepSeek, an AI company, only became popular last year—so it’s already preparing for an IPO? The current price can’t be said for sure since it hasn’t listed yet. But the A-share market has always been fiercely speculative about AI concept stocks. If it really manages to list, it will almost certainly be treated as a sector leader and hyped accordingly.
The reasons for optimism mainly include policy support for hard-tech AI, along with recent intensive research trips by foreign investors into China’s tech sectors, which leaves room for imagination on the capital side. But the risks are also significant—most AI companies still haven’t found a stable, sustainable profitability model, and the IPO valuation could be inflated. Compared with a peer in the same sector, Cambricon (688256): after its listing, its share price has been highly volatile. If DeepSeek follows a similar path, retail investors who want to get involved would be best to observe for a few trading days after listing before deciding—don’t rush to chase.
#688256 #A股
🍖 Chopper says:
When I saw this news, my first reaction was a bit bewildered. DeepSeek, an AI company, only became popular last year—so it’s already preparing for an IPO? The current price can’t be said for sure since it hasn’t listed yet. But the A-share market has always been fiercely speculative about AI concept stocks. If it really manages to list, it will almost certainly be treated as a sector leader and hyped accordingly.
The reasons for optimism mainly include policy support for hard-tech AI, along with recent intensive research trips by foreign investors into China’s tech sectors, which leaves room for imagination on the capital side. But the risks are also significant—most AI companies still haven’t found a stable, sustainable profitability model, and the IPO valuation could be inflated. Compared with a peer in the same sector, Cambricon (688256): after its listing, its share price has been highly volatile. If DeepSeek follows a similar path, retail investors who want to get involved would be best to observe for a few trading days after listing before deciding—don’t rush to chase.
#688256 #A股
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