The three major A-share stock indices all turned positive, innovative drug stocks rebounded, Hengke Index rose nearly 3%, JD.com increased over 7%, while crude oil and shipping indices plummeted.

The A-shares innovative drug sector rebounded significantly, after the government work report listed biomedicine as a new pillar industry. Hong Kong tech stocks surged, with JD.com soaring. The latest financial report shows JD.com’s Q4 net revenue increased by 1.5% year-over-year to 352.3 billion yuan.

On March 6, the A-shares market opened lower across the board, with the three major indices initially falling collectively, with the ChiNext down over 1%. Subsequently, the indices fluctuated upward and are now collectively in the green. Brain-machine interface and CRO concept stocks are active, while oil, gas, and precious metals sectors continue to adjust.

Hong Kong stocks rebounded, with the Hang Seng Index and Hang Seng Tech Index both rising. The Hang Seng Index gained over 1%, and the Hang Seng Tech Index surged nearly 3%. Most tech stocks rose, and the pharmaceutical and biotech sectors led the rally. In the bond market, government bond futures rose. Commodity futures showed mixed performance: caustic soda up 6%, while the shipping index plunged over 8%.

Core Market Movements:

A-shares: As of the report, Shanghai Composite up 0.09%, Shenzhen Component up 0.22%, ChiNext up 0.09%.
Hong Kong stocks: As of the report, Hang Seng Index up 1.14%, Hang Seng Tech Index up 2.66%.
Bond market: Government bond futures all rose; as of the report, the 30-year main contract up 0.07%, 10-year main contract up 0.04%, 5-year main contract up 0.03%, 2-year main contract up 0.01%.
Commodities: Domestic commodity futures mostly rose; as of the report, caustic soda up 6%, soybean meal nearly 3%, asphalt up 2%, glass up 1%. Lithium carbonate, rapeseed, iron ore, Shanghai silver, alumina, coking coal, coke, industrial silicon, pulp, hot-rolled coils, rubber, rebar, and Shanghai nickel advanced. Copper, eggs, tin, manganese silicon, Shanghai gold, and stainless steel declined. Fuel oil and palladium fell over 1%, crude oil down over 4%, shipping index down over 7%.

10:36

JD.com’s stock in Hong Kong hit its largest intraday gain since April 2025.

Previously, Citibank raised its target price for JD ADRs, citing its Q4 2025 performance exceeding expectations. Management pledged to continue share repurchases and distribute $1.4 billion in dividends. They also expect JD Retail to maintain healthy profit growth in 2026, with losses in the delivery business expected to narrow. Citibank maintained a Buy rating on JD and raised its ADR target price from $34 to $35.

10:14

ChiNext index rose into positive territory after nearly falling 1.2%. Leading sectors included agriculture, chemicals, brain-machine interfaces, and power grids. Nearly 4,200 stocks across Shanghai, Shenzhen, and Beijing markets gained.

Hong Kong stocks: Hang Seng Index up over 1%, Hang Seng Tech Index up over 2%.

10:05

Domestic commodity futures diverged, with crude oil and shipping index futures plunging against the trend.

News: According to CCTV News, on the morning of the 5th, Iranian Central Command Deputy Commander Amir Heidari stated in an interview that Iran has not blockaded the Strait of Hormuz.

10:01

Innovative drug concept stocks fluctuated and rebounded during the session. Zhongyuan Xiehe hit the daily limit, Yahang Medicine approached the 20% limit, with Beilu Pharmaceutical, Shanghai Yizhong, Sanyuan Genetics, and Rejing Biotech among the top gainers.

In related news, the government work report listed biomedicine as a new emerging pillar industry, alongside integrated circuits, aerospace, and low-altitude economy. Over two months into 2026, the total BD contract amount has exceeded 50 billion yuan, over 40% of 2025’s total.

09:54

JD.com rose nearly 6%.

In news, JD’s latest financial report shows Q4 net revenue of 352.3 billion yuan, up 1.5% year-over-year, slightly above market expectations. However, due to increased investment in new business strategies, the quarter turned from profit to loss, with a net loss attributable to parent of 2.7 billion yuan, compared to a profit of 9.9 billion yuan in the same period last year.

09:49

Chemical and fertilizer sectors rebounded, with Jinchengda and Jinput Titanium hitting the daily limit. Hongbao Li, Satellite Chemical, Chitianhua, Guangkang Biotech, and Chuanjinnuo also gained.

News: Middle Eastern granular urea prices have risen about $130 per ton since last Friday, now at $575–$650. Several titanium dioxide companies, including Nanjing Titanium White Chemical and Annada, announced price increases.

09:38

Hang Seng Tech Index expanded its gains to 1%.

09:37

ChiNext index fell over 1%, Shanghai Composite down 0.36%, Shenzhen Component down 0.69%. Leading declines included precious metals, coal, MLED, PCB sectors. Nearly 2,400 stocks in Shanghai, Shenzhen, and Beijing markets declined.

09:26

Shanghai Composite opened down 0.55%, ChiNext down 0.6%. Oil, gas, shipping, and non-ferrous metals sectors led declines. Copper, ultra-hard materials, gold, memory chips, circuit boards, and CPO concept stocks weakened.

09:21

Hang Seng Index opened up 0.15%, Hang Seng Tech Index up 0.47%. JD Logistics rose over 6%, JD Health and Ctrip gained over 3%, with NetEase, JD.com, and Xiaomi among the top gainers.

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