Asia-Pacific stock markets fell across the board, while A-shares in pharmaceuticals and lithium-mining stocks bucked the trend and strengthened; a 2700 billion yuan fiber-optic giant notched four limit-ups (“four boards”) in eight days.

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Reporter | Liu Xueying

Editor | Zeng Jingjiao

On April 2nd, the Asia-Pacific markets fluctuated downward, with the MSCI Asia-Pacific Index falling 2%, Japan and South Korea stocks took heavy hits, and Hong Kong’s Hang Seng Index dropped over 1%.

In the A-shares market, the Shanghai Composite Index fell 0.53% at midday, the ChiNext and Shenzhen Component Index both declined over 1%, the Sci-Tech Innovation Board Index dropped nearly 2%, with over 4,200 stocks declining.

Image: 21 Finance Client

Oil and gas, shipping sectors surged against the trend, with Heshun Petroleum, Bohui Shares, Beiken Energy, and Lanyan Holdings hitting the daily limit. Major player COSCO Shipping surged to the limit during trading, closing up 8.7% at midday, with a latest market value of 158 billion yuan.

Lithium salt lake concept stocks moved collectively, Sichuan Energy Power soared to the limit, with buy orders exceeding 860k lots at one point; Tibet Mining briefly hit the limit, and stocks like Wandes, Tibet Urban Investment, Wanfangda, and Ganfeng Lithium followed suit. Northeast Securities expressed optimism about the lithium mining sector’s profit and valuation double-davis growth.

Optical fiber concept stocks continued to strengthen, with Changfei Optical Fiber, valued at 277.7 billion yuan, hitting the limit four times in 8 days; Xinneng Taishan hit the limit six times in 8 days; Zhongli Group (rights protection) hit the limit six times in 10 days; Tefa Information (rights protection) and Hengtong Optoelectronics both reached new historical highs, Huamai Technology and Huiyuan Communications hit the limit.

The pharmaceutical sector rose against the trend, with Tianjin Pharmaceutical hitting five consecutive limits, Peking University Medicine and Yibai Pharmaceutical (rights protection) hitting two limits in a row.

Pork concept stocks surged short-term, with Superstar Agriculture and Animal Husbandry hitting the limit at one point. Recently, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance have been conducting central reserve frozen pork stockpiling.

On the downside, cloud computing, AI applications, computing hardware, photovoltaics, semiconductors, and smart grids led declines in the A-shares market. Computing power leasing concepts like UCloud, Capital Online, and Litong Electronics tumbled sharply.

Hong Kong’s Hang Seng Index fell over 1%, the Hang Seng Tech Index declined nearly 2%, while the Hang Seng Biotech Index rose against the trend by 0.7%. The biopharmaceutical sector rebounded, with stocks like NuoCheng Jianhua, Zaiding Yiyao, and Hansoh Pharmaceutical rising over 4%. WuXi Biologics (Hong Kong) surged nearly 10%, while Luying Pharmaceutical, Xuanzhu Biological, and Baiao SaiTu (Hong Kong) all gained over 6%.