On January 21, A-shares fluctuated and recovered, with the ChiNext Index rising over 1%, gold stocks continuing their strong performance, while memory chips and GPU concepts saw an uptick; the AI application sector continued to adjust. The Hong Kong stock market fell in early trading but subsequently fluctuated higher, with technology and internet stocks showing divergence, while semiconductors and chemicals sectors advanced. In the bond market, treasury futures mostly declined. In commodities, domestic commodity futures were mixed, with lithium carbonate continuing its sharp rise of over 5% after hitting the upper limit in the previous session, while coking coal fell over 3%. Key market movements:
A-shares: As of writing, the Shanghai Composite Index rose 0.24%, the Shenzhen Component Index gained 0.61%, and the ChiNext Index advanced 1.07%.
Hong Kong stocks: As of writing, the Hang Seng Index increased 0.07%, and the Hang Seng Tech Index rose 0.28%.
Bond market: Treasury futures fell across the board. As of writing, the 30-year main contract was up 0.28%, the 10-year main contract fell 0.02%, the 5-year main contract dropped 0.03%, and the 2-year main contract declined 0.02%.
Commodities: Domestic futures main contracts were mixed. As of writing, platinum rose over 4%, palladium gained over 1%, lithium carbonate surged over 5%, Shanghai gold advanced over 3%, PTA rose nearly 2%, while PX, fuel oil, styrene, methanol, bottle chips, and low-sulfur fuel oil all increased over 1%. On the downside, coking coal fell over 3%, with caustic soda, coke, and PVC dropping over 1%.
09:51 Precious metal concepts continued their strong momentum, with Hunan Silver hitting its second consecutive limit-up. Shengton Mining, Zhongjin Gold, Xiaocheng Technology, and Sichuan Gold followed with gains.
Spot gold broke through the $4,800 per ounce barrier. Spot silver surpassed $95 per ounce for the first time, accumulating a 33% gain year-to-date.
09:48 GPU concept stocks surged, with Loongson Technology hitting a 20% limit-up, Haiguang Information rising over 13% to a new high, while Tongfu Microelectronics and Jingjia Micro advanced over 5%.
09:46 The STAR 50 Index expanded its gains to 3.4%.
09:43 The ChiNext Index climbed over 1%, the Shanghai Composite rose 0.13%, and the Shenzhen Component gained 0.50%. Precious metals, semiconductor chips, and CPUs led the gains, with nearly 2,300 stocks rising across the Shanghai, Shenzhen, and Beijing exchanges.
09:38 Memory chip concepts maintained their strength, with Ingenic Micro hitting its second consecutive limit-up. Puram Electronics, Biwin Storage, Jiangbolong, Shannon Semiconductor, GIGADEVICE, Hensem, and Dawei followed with gains.
SanDisk rose 8% in U.S. trading, reaching another all-time high. Citigroup raised its price target for SanDisk from $280 to $490 and increased its target for Seagate Technology from $320 to $385.
09:34 The medical equipment sector was active in early trading, with Tinavi Medical rising over 10%. Sanyou Medical, Xishan Science & Technology, Kangzhong Medical, and Tianyi Medical followed with gains.
On January 20, the National Healthcare Security Administration issued the "Guidelines for Establishing Price Items for Surgical and Therapeutic Auxiliary Operation Medical Services (Trial)", establishing 37 price items, including 5 additional charge items and 1 extension item, covering key auxiliary technologies and products such as 3D printing, intraoperative guidance, surgical robotic arms, and remote surgery.
Spot gold broke through the $4,800 per ounce integer mark for the first time in history, currently up 0.75%, with monthly gains exceeding 10%.
09:21 The Hang Seng Index opened 0.34% lower at 26,397.04 points; the Hang Seng Tech Index fell 0.70%.
Bilibili dropped 2.9%, SenseTime declined 2.1%, while XPeng Motors, Kuaishou, and NetEase each fell over 1%.
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