China Stock of the Day | Kabutaro & Friends

Inner Mongolia First Machinery Group<600967>, an armored vehicle maker under China North Industries Group, was the Chinese stock most talked about online on September 2, 2026.
Background: With tensions in the Middle East escalating, defense-related shares bucked the wider A-share decline that day and the stock locked limit-up for a second consecutive session. Among Shenwan secondary industry groups, Ground Weaponry II led with a 6.48% gain. Great Wall Military Industry, Jianshe Industry and Boyun New Materials also hit their limits, while Shengnan Technology rose 30%, Litong Technology more than 17% and Qifeng Precision more than 14%. On September 1 local time, President Trump announced that U.S. forces had struck Iranian air defense positions, radar systems and maritime targets over roughly six and a half hours, and Iran's Revolutionary Guard retaliated with ballistic missiles and drones. WTI crude rose 5.2% to USD 90.22 a barrel and Brent rose 4.6% to USD 94.65. The broader market was weak, with the Shanghai Composite down 0.97%, the Shenzhen Component down 1.88% and the ChiNext Index down 2.39%; 54 stocks hit their upper limit and agricultural shares slumped.