T&S Communications to Invest Up to 50 Million Yuan in Establishing Optoelectronics Unit

T&S Communications (SHE:300570) plans to establish a wholly owned subsidiary in Shenzhen with up to 50 million yuan.The tentatively named Shenzhen TCG Technology will focus on optoelectronic device

MT Newswires19minutes ago

A-Share Market Close: Major Indices Rise in Unison; Memory Chips and CPO Stocks Surge to Limit-Up, While Baijiu Leads Declines

More than 4,300 stocks across the entire market rose.

Gelonghui Finance41minutes ago

A-Share Market Close: Over 4,300 stocks rise; ChiNext Index up 3.14%, led by computing hardware sector; Changxin Technology's market cap returns to RMB 4 trillion

Major A-share indices opened higher and continued to rise today. At the close, the Shanghai Composite Index gained 1.41% to settle at 3,982.65 points; the Shenzhen Component Index rose 2.44%; the ChiNext Index climbed 3.14%; the Beijing Stock Exchange 50 Index advanced 1.91%; and the STAR 50 Index surged 4.14%. Total market turnover reached RMB 2.4025 trillion, an increase of RMB 245.9 billion from the previous day, with more than 4,300 stocks advancing. In terms of sector performance, the revaluation thesis for memory chips continued to gain traction, driving a collective rally in memory chip concept stocks. Changxin Technology jumped 12%, pushing its total market capitalization back above RMB 4 trillion, while Tongfu Microelectronics and GRINM Advanced Materials, among others, hit their daily upper limits. NVIDIA has commenced full-scale mass production of CPO switches, optical...

Gelonghui Finance15:04

Express News | Market Close Review: ChiNext Index rebounds with volatility, rising over 3%; more than 4,300 stocks advance across the broader market.

The market rebounded with volatility throughout the day, with the Shanghai Composite Index rising over 1% and the STAR 50 Index gaining more than 4%. Turnover in the Shanghai and Shenzhen markets reached RMB 2.39 trillion, an increase of RMB 244.6 billion from the previous trading session. In terms of market performance, hotspots rotated rapidly, with over 4,300 stocks advancing and more than 100 hitting the daily limit up. Sector-wise, the computing hardware concept strengthened: Gongjin Shares recorded three consecutive daily limits; Huazheng New Materials, Zhongshi Technology, and Zhongci Electronics each posted two consecutive daily limits; Taichenguang hit the 20% daily limit; and Changxin Technology rose over 10% to reach a new high. The pharmaceutical sector recovered amid volatility: Yuheng Pharmaceutical hit five daily limits in seven days; Huasen Pharmaceutical recorded two consecutive daily limits; and Wuxi Apptec reached a historic high. The agricultural sector saw unusual gains: Jinjian Cereals, Nongfa Seed Industry, and Jingliang Holdings all hit the daily limit. The broad consumption sector remained strong during the session: Yiming Food hit five daily limits in six days; Gongxiao Daji and Sunshine Dairy both hit the daily limit. The advanced packaging concept trended higher with volatility, with Tongfu Microelectronics hitting the daily limit. On the downside, the film and cinema concept underwent a collective correction: Beijing Culture hit the daily limit down, while Ruyi Film and China Film declined. At the close, the Shanghai Composite Index rose 1.41%, the Shenzhen Component Index gained 2.44%, and the ChiNext Index advanced 3.14%.

Breakings15:01

Express News | CPO concept stocks rally again; Taichenguang hits 20% limit up.

CPO concept stocks rallied again during trading, with Taichenguang hitting the 20% limit up. Previously, Zhongshi Technology and Gongjin Shares had hit their limit ups, while Shijia Photons, Tianzhun Technology, and Xunjiexing rose over 10%. Alaide, Changxin Bochuan, Tianfu Communication, Zhongci Electronics, and Everbright Photonics led the gains.

Breakings10:38

Express News | CPO concept remains active; Zhongshi Technology hits two consecutive 20% limit-ups

The CPO concept remained active in early trading, with Zhongshi Technology hitting two consecutive 20% limit-ups and Alaidie surging over 10%. Gongjin Shares, Taichenguang, Fuxin Technology, Tianfu Communication, and Changxin Bochuang were among the top gainers. On the news front, on August 14, NVIDIA announced that its Spectrum-X Ethernet silicon photonics switch had entered full-scale mass production. This marks the world's first 200G/lane CPO Ethernet switch system to reach mass production. Built on the Spectrum-6 switching chip, the switch reduces the number of lasers to one-quarter of traditional solutions, cuts power consumption to one-fifth, lowers optical loss from approximately 22dB to around 4dB, and improves signal integrity by 64 times.

Breakings09:31