China A-shares open mixed on Oct 22; CATL fell over 10% by midday on Oct 21
In short
On 22 October the Shanghai Composite opened 0.04% higher while the Shenzhen Component fell 0.12% and ChiNext fell 0.25%. A day earlier, indexes opened higher but were down at midday, with CATL falling more than 10% by the lunch break.
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China's A-share market opened mixed on 22 October. According to 36Kr and CLS, the Shanghai Composite opened 0.04% higher, the Shenzhen Component 0.12% lower and the ChiNext index 0.25% lower. Yicai described the opening of the four major indexes as diverging. [ 6 , 7 , 8 ]
36Kr reported that energy equipment, shipping and brokerage stocks led, with Jierui Gufen (杰瑞股份) up more than 4% and Zhaoshang Lunchuan (招商轮船) and Guotai Haitong (国泰海通) up more than 1%. Computer hardware, electrical grid and culture media sectors fell, including Guomai Culture (果麦文化) down more than 7%, CATL down more than 2% and Xiechuang Data (协创数据) down more than 1%. New listing N Tongze Kangwei rose more than 190%. CLS said VPN concept, engineering construction and Chinese Academy of Sciences-linked sectors led, while physical AI, AI corpus and film and cinema sectors fell. Yicai said software development and network security led, with film and cinema, precious metals and culture media falling. [ 6 , 7 , 8 ]
A day earlier, on 21 October, the three main indexes opened higher: the Shanghai Composite by 0.14%, the Shenzhen Component by 0.32% and ChiNext by 0.28%. 36Kr said semiconductor and pharmaceutical sectors led, while electrical equipment and education fell, with CATL down 5%. CLS said CPO, HBM and small metals led, while feed, precious metals and civil explosives fell. [ 2 , 3 ]
By the midday break on 21 October, 36Kr reported, the three indexes were lower: the Shanghai Composite by 0.31%, the Shenzhen Component by 0.31% and ChiNext by 1.07%. The electrical equipment sector led declines, with CATL down more than 10% and Shidai Wanheng (时代万恒) and Bolivei (博力威) down more than 8%. Cross-strait integration and data-element concept stocks rose, with several reaching the daily limit. [ 5 ]
Why it matters
The reports are short market-open and midday snapshots. They show CATL under pressure on both days, but the documents give no reason for the moves and no closing figures.
Key facts
- On 21 October the Shanghai Composite opened 0.14% higher, the Shenzhen Component 0.32% higher and the ChiNext index 0.28% higher. [ 2 , 3 ]
- At the midday break on 21 October the Shanghai Composite was down 0.31%, the Shenzhen Component down 0.31% and ChiNext down 1.07%, according to 36Kr. [ 5 ]
- 36Kr reported CATL down 5% at the 21 October open and down more than 10% at midday, with the electrical equipment sector leading declines. [ 2 , 5 ]
- On 22 October the Shanghai Composite opened 0.04% higher, the Shenzhen Component 0.12% lower and ChiNext 0.25% lower. [ 6 , 7 ]
- 36Kr reported CATL down more than 2% at the 22 October open. [ 6 ]
- 36Kr reported new listing N Wenfeng (N文峰) up 258.08% at the 21 October open and new listing N Tongze Kangwei (N通则康威) up more than 190% at the 22 October open. [ 2 , 6 ]
Confirmed by several sources
Still unclear
- Why CATL fell on 21 and 22 October. The documents give no cause for the declines and no closing prices.
- Which sectors led the 22 October open. 36Kr named energy equipment, shipping and brokerage stocks; CLS named VPN concept, engineering construction and Chinese Academy of Sciences-linked stocks; Yicai named software development and network security. The outlets use different sector groupings.
- How the indexes finished on 21 October. The documents only cover the open and the midday break.
What local media are saying
Timeline, local time
- On 21 October, 36Kr reported the three indexes opening higher, with CATL down 5%. [ 2 ]
- On 21 October, CLS reported the same index gains at the open. [ 3 ]
- On 21 October, 36Kr reported the indexes lower at the midday break, with CATL down more than 10%. [ 5 ]
- On 22 October, 36Kr reported a mixed open, with CATL down more than 2%. [ 6 ]
- On 22 October, CLS reported the mixed open. [ 7 ]
- On 22 October, Yicai reported the four major indexes diverging at the open. [ 8 ]