A50, a sharp upward surge! The Shanghai Composite turns red to green, and gold shifts from declining to rising! Trump: "A major day" for Iran-related conflicts

Turnaround?

On the morning of March 30, Asia-Pacific stock markets generally fell at the open; gold and silver also briefly dropped sharply. Specifically, the Nikkei 225 index and the Korea Composite Index both fell by more than 5% at the open. As of the time of this release, the Nikkei 225’s decline narrowed to around 3.4%, while the Korea Composite Index’s decline narrowed to less than 3%.

Spot gold and silver are both currently being bid up and turning to gains. Previously, their declines were nearly 1.7% and 3%, respectively.

For A-shares and Hong Kong stocks, the Shanghai Composite Index and the Shenzhen Component Index both fell by more than 1% at one point. By the close of the midday session, the Shanghai Composite Index turned positive, up 0.23%, while the Shenzhen Component Index’s decline narrowed to 0.12%. The Hang Seng Index briefly fell by more than 2%; the Hang Seng Tech Index briefly fell by more than 3%. Currently, their declines have narrowed to within 1% and 2%, respectively.

In addition, China FTSE A50 Index futures briefly surged straight up and turned to gains, currently up 0.32%, after previously falling by more than 1% at one point.

Gains in WTI crude oil and Brent crude oil have narrowed significantly.

On the news front, according to Xinhua News Agency, U.S. President Trump said on March 29 that Iran had agreed to “most of the contents” in the “15-point plan” for a ceasefire. On Air Force One, Trump told the media, “They agreed to most of the terms. What reason could they have to disagree?”

Trump said the oil Iran will deliver to the United States will be shipped “to prove their sincerity.” “They gave us 20 tankers of oil, and shipping will start tomorrow,” Trump said. Trump added that he is still considering whether to seize the Iranian oil export hub of Khark Island, and that the U.S. military may need to station there long term.

On the same day, Trump also posted on social media saying that Iran’s war has seen a “major day,” and that U.S. forces have destroyed many “long-coveted” Iranian targets within Iran. It is still unclear which specific targets he was referring to.

A-share market aluminum stocks surge; many hit the daily limit

In today’s A-share market, stocks opened broadly lower this morning, then the declines narrowed. By the close of the morning session, the Shanghai Composite Index turned positive and was up 0.23%, while the Shenzhen Component Index’s decline narrowed to 0.12%.

In terms of sector themes and tracks, if classified according to the Shenwan first-level industry categories, sectors such as utilities, household appliances, power equipment, non-bank financials, real estate, and others were leading the declines.

Non-ferrous metals led the way. The sector was up as much as 1.8% during the session. Several aluminum stocks surged: Liyuan Shares rose more than 10%, and Minfa Aluminum, Yiqiu Resources, Changlu Shares, and others hit the daily limit.

On the news front, according to Xinhua News Agency, two large aluminum plants in the Gulf countries of Bahrain and the United Arab Emirates were recently confirmed separately to have been attacked by Iran. The attacks resulted in injuries and property damage. A statement released on March 29 by Iran’s Islamic Revolutionary Guard Corps said that the Revolutionary Guards used missiles and drones to strike two aluminum plants in the UAE and Bahrain associated with U.S. military and aerospace industries, in retaliation for U.S. attacks on Iranian civilian facilities such as Iran’s steel plants.

Sectors including building materials, communications, conglomerates, defense and military industry, and biomedicine were up. In concept sectors, the seed industry concept, the food concept, and the glyphosate concept led gains in the morning.

Yuelong Technology, new stock, rallies more than 180% intraday

Today, one new stock listed on China’s A-share market—Yuelong Technology. It was up more than 180% intraday, before gains were somewhat pared back.

According to the prospectus, Yuelong Technology mainly engages in the R&D, production, and sales of flexible piping for fluid transport, including three series of rubber hose products: flexible pipes for marine engineering, flexible pipes for onshore oil and gas, and industrial-purpose special hoses. The company’s core products differ from traditional rubber hoses: they focus on high-performance markets for extremely complex operating conditions such as ultra-high pressure/high pressure, ultra-low temperature/low temperature, high temperature, corrosion, erosion, and more. The company provides customized production based on the application conditions and the fluid being transported. Its key applications include offshore oil and gas drilling and production equipment, deep-sea mining equipment, onshore oil and gas drilling and production equipment, and large-scale oil and gas storage areas, as well as other fields such as construction machinery, chemicals, rail transit, food, and more.

Aluminum International rises more than 29% in Hong Kong stocks intraday

In the Hong Kong stock market this morning, trading saw overall adjustment. The Hang Seng Index was down more than 2% at one point; the Hang Seng Tech Index was down more than 3% at one point, and both declines have since narrowed.

Among the constituent stocks of the Hang Seng Index, Xin Yi Solar Energy, Baidu Group-SW, Sands China Co., Ltd., and Hang Lung Properties were leading decliners intraday; China Hongqiao, China Resources Land, and others led gainers intraday.

Among Hong Kong Stock Connect eligible stocks, Aluminum International surged, with intraday gains once exceeding 29%, before the gains narrowed.

The 2025 annual report released by Aluminum International last night shows that in 2025, the company’s net profit attributable to shareholders of the listed company was RMB 258 million, up 16.47% year over year. Aluminum International focuses on non-ferrous metals and advantageous industrial sectors, deeply cultivates domestic and overseas markets both within and outside the market of the Aluminum Corporation of China group. In 2025, full-year new contract value reached RMB 46.836 billion, up 51.94% year over year; new industrial contract value accounted for 97.73%. The company leads with technology and leverages the advantages across the entire industrial chain to expand its EPC business. In 2025, the company signed new EPC contracts totaling RMB 28.32 billion, accounting for 60.47%.

TCL Electronics surges; intraday gains exceed 13%

The announcement released by TCL Electronics late Friday last week shows that in 2025, the group achieved revenue of HKD 114.583 billion, up 15.4% year over year; gross profit was HKD 17.9 billion, up 15.1% year over year. TCL Electronics said the group has continued to strengthen the construction of its core capabilities, strictly control costs and expenses, and implement fine-grained operational management to comprehensively improve operating efficiency. The overall expense ratio decreased by 0.7 percentage points year over year to 11.1%. In 2025, the group continued to achieve breakthroughs in areas such as product mix, technological leadership, and quality improvement. Business scale grew healthily. Combined with ongoing improvements in internal operating efficiency, the group’s overall profitability continued to improve. In 2025, profit after tax increased 36.7% year over year to HKD 2.527 billion. Adjusted profit attributable to shareholders reached HKD 2.512 billion, up 56.5% from HKD 1.606 billion in the same period last year.

A massive amount of information and precise interpretation—only on the Sina Finance app