A piece of news: Shipping sector surges with unusual movement, China Merchants SouthernPetroleum hits daily limit straight up in the afternoon!

Today, A-shares storage chip concept stocks collectively surged, with Bawei Storage rising over 13%, hitting a new all-time high, and Zhaoyi Innovation, Jintai Solar, and others hitting the daily limit. The explosion of storage chip concepts drove continued activity in the semiconductor industry chain in the afternoon, with Huahong Company rising over 12%. PCB concept stocks also performed actively, with Jinan Guoji and Chaoying Electronics hitting the daily limit.

Amid overseas news catalysts, the shipping sector rose in the afternoon, with COSCO South China Sea and Hainan Airlines Technology hitting the daily limit. Among them, COSCO South China Sea opened sharply higher in the afternoon and closed at 4.81 yuan per share, with a total market value of 22.512 billion yuan.

Energy storage and green power concepts continued to adjust, with China Power Construction hitting the limit down. The coal sector declined, with Zhengzhou Coal & Electric falling sharply.

By the close, the Shanghai Composite Index fell 0.26%, the Shenzhen Component Index rose 0.19%, the ChiNext Index increased 1.41%, and the STAR Market Index gained 0.65%.

Shipping Sector Moves Higher

In the afternoon, the shipping sector saw a significant rally. By the close, COSCO South China Sea and Hainan Airlines Technology hit the daily limit.

According to Xinhua News Agency, the UK’s The Daily Telegraph reported on the 16th that no ships passed through the Strait of Hormuz on the 14th. This is the first time since the US and Israel launched military actions against Iran. The report cited maritime data analysis firm Windward’s data: “On the 14th, the number of ships passing through the Strait of Hormuz dropped to zero for the first time since the conflict began. Before the conflict, an average of 77 ships passed through the strait daily.”

Additionally, Axios News reported on the 16th that US President Trump is attempting to form a so-called “Hormuz Alliance” to control the Strait of Hormuz, and “hopes” to announce the formation of this alliance later this week.

The report quoted multiple sources saying that US officials held intensive telephone diplomacy with some countries in Europe, Asia, and the Gulf over the weekend to seek their political commitments to form the so-called “Hormuz Alliance.” No country has publicly committed yet, but Trump expects some countries to announce support this week.

Regarding the passage of ships through the Strait of Hormuz, Iranian Foreign Minister Araghchi said on the 15th that some countries have contacted Iran, hoping their ships can pass safely through the strait. He stated that Iran is willing to negotiate with these countries, but the final decision will be made by the Iranian military.

CITIC Securities research reports that overseas conflicts have triggered anxiety about supply chain disruptions in the oil transportation industry. Coupled with the concentrated release of inventory replenishment demand, this will become a core catalyst for rising freight rates. Under the expectation of supply chain disruptions, overseas crude oil end-users will not only need to carry out routine inventory replenishment but also increase capital investment to build safety buffers. The upward shift of inventory safety thresholds, combined with routine and safety inventory replenishment demands, could, if released during policy easing or industry peak seasons, drive a significant increase in oil freight rates in the next cycle.

Hang Seng Tech Index Strengthens

In the afternoon, the Hang Seng Tech Index continued to strengthen, rising nearly 3% at one point.

There are multiple catalysts for the surge in the Hang Seng Tech Index.

First, on the news front, well-known Wall Street investor Michael Burry publicly stated on social media that the Hang Seng Tech Index is significantly undervalued. He believes the decline is driven by multiple compression factors (valuation and sentiment), while the revenue and profits of its constituent companies are steadily growing.

Second, the Hang Seng Tech Index currently has a clear valuation advantage, significantly lower than the ChiNext 50 and Nasdaq 100 indices. CICC believes that, in the short term, the Hang Seng Tech Index’s P/E ratio has fallen below its mean by one standard deviation, and the RSI indicator shows it may be oversold, making it attractive. For some investors, the current valuation and market sentiment provide an opportunity for gradual dollar-cost averaging.

Third, institutions believe that Hong Kong stocks in the tech sector are in a critical position within the AI ecosystem. Hong Kong stocks gather core tech companies such as Chinese internet platforms, cloud service providers, and AI technology firms. The industry chain covers key segments like computing infrastructure, AI model capabilities, application scenarios, and commercial monetization, forming a complete “technology—scenario—monetization” closed loop. Additionally, as a market sensitive to global liquidity, during the phase of reinforced AI industry logic and capital inflow, Hong Kong tech stocks may exhibit higher resilience.

(Source: China Securities Journal)