On the morning of June 1, China's A-share three major indices oscillated higher. As of press time, the Shanghai Composite Index rose 0.48%, the Shenzhen Component Index rose 0.75%, the ChiNext Index rose 0.80%, and the Sci-Tech Innovation Board Composite Index rose 0.21%.
In terms of sectors, AI application sectors collectively rose, with software, internet, and cultural media sectors oscillating higher. The power and chemical sectors performed actively, while baijiu, building materials, and optical communications sectors led the decline.
On the Hong Kong stock side, the Hang Seng Tech Index once rose over 2%, with Kingdee International, Lenovo Group, and Kingsoft Software all rising over 7%.
AIPC Concept Stocks Surge Collectively
A-share market AIPC concept stocks collectively surged. Among them, Leishen Technology hit the 30cm daily limit, SoftBank Power and Yingli shares hit the 20cm daily limit, while Visual China, Huaqin Technology, and Chunqiu Electronics also hit their daily limits.
This also led to a rapid rise in software stocks, with Dingjie Digital Intelligence, Zhejiang University NetNew, and Rongji Software all hitting their daily limits.
On the news front, the latest financial reports from PC giants Lenovo and Dell significantly exceeded market expectations, with AI-related order backlogs each exceeding 20 billion yuan.
Additionally, from June 1 to 5, the largest tech exhibition in Asia, COMPUTEX 2026, themed "AI Together," will open, with tech giants Nvidia, AMD, and Intel gathering, setting a record scale. Nvidia will first hold the GTC Taipei conference, where founder Jensen Huang will release the next generation of AI cutting-edge technology and preview the "New Era of PCs." The first batch of Windows computers equipped with Nvidia chips will debut.
Chemical Sector Oscillates Higher
The chemical sector oscillated higher, with multiple stocks such as Xinjinlu, Leading Shares, and Hongxing Development hitting daily limits.
BOC International released a research report stating that the chemical industry has stabilized and is picking up, but the pace of price and recovery has been disrupted by the Middle East conflict that broke out at the end of February. Geopolitical conflicts bring great uncertainty, but three certain trends may breed investment opportunities: first, the center of chemical energy and production costs has risen; second, China's advantages and share in the global chemical industry chain will further increase; third, domestic supply-side optimization is still ongoing.
Power Sector Repeatedly Active
The power sector repeatedly showed activity. Honglin Power hit the 20cm daily limit, while Shengyang Technology, Weike Technology, and Xingshengda saw straight line rises to daily limits.
On the news front, since the beginning of this year, the power load of China Southern Power Grid and the five provinces and regions of Guangdong, Guangxi, Yunnan, Guizhou, and Hainan has set 20 new highs, breaking the seasonal pattern of annual power load peaks concentrated in June-July from 2020 to 2025. Data shows that from May 25 to 28, the power load of China Southern Power Grid set new highs for four consecutive days, reaching a maximum of 2.75 billion kW.
