A-shares open lower, AI application concept leads gains
On October 12, 2026, China's three main A-share indices opened lower, with the Shanghai Composite down 0.18%, the Shenzhen Component down 0.43% and the ChiNext down 0.65%, according to a 36Kr newsflash. AI application concept stocks led the market: Shanghai Xinhua Media hit the daily limit, Ciwen Media rose more than 9% and H&R Century gained over 7%. Rare earth and optical module names lagged, with Foxconn Industrial Internet and Shengxin Lithium down more than 3% and Cambridge Technology down more than 2%. The report gives no explanation for the AI-related strength and names no specific AI models or products.
It is a snapshot of one morning's sector moves, showing short-term investor preference for AI application plays rather than any change in AI fundamentals.