A shares closed lower in a volatile morning session, with the three major indices briefly turning positive before retreating by midday. The ChiNext Index fell 0.37%. Leading gainers included organic silicon, phosphorus chemicals, fluorine chemicals, and Hainan Free Trade Port sectors, while robotics, quantum technology, IT innovation, and AI applications led declines. Hong Kong stocks also dropped, with the Hang Seng Index down 1.14% and the Hang Seng TECH Index sliding 2%. Tech stocks broadly declined, though solar energy shares strengthened. Most government bonds turned lower, while commodities were mixed.

On November 7, A-share indices fluctuated, with the Shanghai Composite narrowing its loss to 0.16%, the Shenzhen Component down 0.16%, and the ChiNext Index falling 0.37%. The organic silicon sector surged, with stocks like Dongyue Silicon and Hoshine Silicon hitting limit-up. Phosphorus and fluorine chemical sectors remained strong, with Qingshuiyuan and Chengxing shares also reaching limit-up. The Hainan Free Trade Port theme saw active trading, with Haima Automobile and Hainan Mining hitting limit-up. On the downside, robotics concept stocks adjusted, with Hengshuai shares dropping over 10%.

Market breadth was negative, with over 2,800 stocks declining across Shanghai, Shenzhen, and Beijing markets. Morning turnover reached 1.27 trillion yuan. Key index performances: - Shanghai Composite: 4,001.24 (-0.16%) - Shenzhen Component: 13,431.09 (-0.16%) - ChiNext Index: 3,212.70 (-0.37%) - CSI 300: 4,683.66 (-0.21%) - STAR 50: 1,426.03 (-0.75%) - CSI 500: 7,341.93 (-0.05%) - CSI 1000: 7,555.76 (+0.05%)

In Hong Kong, the Hang Seng TECH Index fell 2%, led by semiconductor losses, while solar stocks gained. Kuaishou dropped over 5%, NIO slid nearly 5%, and Pop Mart declined over 5%. Government bonds mostly weakened, with the 30-year contract up 0.02% while shorter tenures dipped. Commodities were mixed—lithium carbonate rose 2.08%, while shipping futures lagged, with the Europe Container Index down 1.83%.

**Notable Moves:** - **11:00 AM:** A-share indices turned positive after ChiNext briefly fell over 1%. - **10:35 AM:** Commercial aerospace stocks spiked, with Shanghai Hugong hitting limit-up and Aerospace Zhizhang up 6%. - **10:15 AM:** XPeng Motors rose 4.64% after Bank of America reiterated a "Buy" rating and raised its ADS target to $27 (HK$105). - **9:41 AM:** Hua Hong Semiconductor fell 4.1% in Hong Kong (4.8% in A-shares) amid Morgan Stanley’s caution on mature-node competition. Citi upgraded it to "Buy" with a 133% target hike to HK$105, citing margin resilience. - **9:34 AM:** ChiNext dropped over 1%, with CPO, AI chips, and quantum tech sectors leading declines. Over 3,100 stocks fell. - **9:30 AM:** Bond futures opened higher, led by the 30-year contract (+0.10%). - **9:28 AM:** CSI Convertible Bond Index dipped 0.01%. Tianci Convertible Bond surged 6%. - **9:25 AM:** Indices opened lower—Shanghai Composite at 3,994.32 (-0.34%), ChiNext at 3,201.26 (-0.72%). Hainan Free Trade Port stocks rallied, with Haima Automobile limit-up. - **9:21 AM:** Hang Seng opened 0.51% lower; XPeng rose 4.8% while Hua Hong fell 3.9%. - **9:16 AM:** CNY midpoint strengthened 29 pips to 7.0836/USD. - **9:00 AM:** Commodities opened mixed—Europe Container Index futures dropped over 2%, while urea and glycol rose over 1%. FTSE China A50 futures fell 0.31%.