Chinese Stock Market

Shares of Chinese payment firms surged following news of yuan being accepted for tolls in the Strait of Hormuz. This signals China's efforts to internationalize the yuan and potentially attract more global investments amid ongoing conflicts in Iran.

AVIC Chengdu shares have declined 12% so far in March. The company manufactures fighter jets like the J-16. Additionally, China Aerospace Times Electronics, a manufacturer of aerospace electronics and unmanned system equipment, has lost 13% during this period.

China's equity markets will shut for the Lunar New Year from February 16 to 23, 2026, affecting trading across Asia. US markets will also be closed on February 16 for Presidents' Day, leading to reduced global liquidity and trading activity.

Among the top-performing Chinese mining companies of this year are: Hunan Silver Co, Zijin Mining Group Co, Jiangxi Copper Co, Shandong Gold Mining and CMOC Group.

Moore Threads, a Beijing-based GPU manufacturer, made a strong market today, with shares debuting 468% to 650 yuan. The IPO raised 8 billion yuan, signaling investor confidence in China's tech policies despite U.S. sanctions. The company aims for significant revenue growth and profitability by 2027.

Avic Chengdu share price has dropped 24% amid a stable selloff, despite China's military display. The stock's inability to hold above 100 yuan points to ongoing weakness, with analysts predicting further declines towards the 70 zone unless buyers return.

On Monday, Avic Chengdu Aircraft share price touched an intraday high to 108.22 yuan. The fighter jet stock opened at 102.20 yuan on September 1, as compared to previous close of 101.95 yuan.

Jiangsu Hengrui Pharmaceuticals' shares surged 10% to a 4-year high after licensing HRS-9821 and 11 programs to GlaxoSmithKline. GSK will pay $500 million upfront, with potential milestones reaching $12 billion, focusing on COPD treatments and collaboration on further development.