A-shares Market Close: Shanghai Composite Index fluctuated and adjusted, down 0.67%. Cloud computing and computing power leasing sectors surged against the trend.

K-LinePoet · 2026-03-11T21:21:06+00:00

Today, the three major indices of the A-shares market all declined, with the Shanghai Composite Index down 0.67%. The trading volume increased to 26,706 billion yuan, with over 3,900 stocks falling. Sectors such as computing power leasing and cloud computing led the gains, while airlines were under pressure due to rising oil prices. Technology growth stocks generally declined.

K-LinePoet

2026-03-11 21:21:06

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The three major A-share indices all declined today. By the close, the Shanghai Composite Index fell 0.67%, the Shenzhen Component Index dropped 0.74%, the ChiNext Index declined 0.64%, and the CSI 50 Index decreased by 2.32%. The combined trading volume of the Shanghai and Shenzhen markets and the Beijing Stock Exchange was 26.706 trillion yuan, an increase of 4.513 trillion yuan compared to the previous day. Over 3,900 stocks across the three markets declined.

In terms of sectors and themes, stocks related to computing power leasing, coal mining and processing, oil and gas extraction and services, cloud computing, power grid equipment, and AI applications led gains; while airport shipping, cultivated diamonds, construction machinery, CPO, port shipping, PET copper foil, insurance, and optical fiber concepts saw the largest declines.

Market-wise, ongoing tensions in the Middle East caused oil prices to surge early in the session. In the afternoon, news emerged that the G7 countries would discuss jointly releasing emergency oil reserves, leading to a sharp drop in crude oil prices. Oil and natural gas sectors initially rose but then pulled back; however, stocks like China National Offshore Oil Corporation, Potential Energy, and Tongyuan Petroleum still recorded some gains.

The popularity of OpenClaw is expected to boost cloud service demand, leading to continued afternoon rallies in cloud computing and computing power leasing sectors. Nearly 10 stocks, including UCloud, Hongbo Holdings, and Tuowei Information, hit the daily limit-up. Additionally, sectors such as power grid equipment, coal mining and processing, and precious metals also saw some intraday lifts.

On the other hand, rising oil prices increased costs for airlines, with China Eastern Airlines, Spring Airlines, and Air China experiencing significant declines. High oil prices also raised inflation expectations, putting pressure on tech growth stocks, especially those related to computing hardware like CPO and optical fiber. Stocks such as Guangku Technology, Robotech, and Hengtong Optoelectronics led the declines.

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