On Tuesday, the major indices oscillated higher with the support of trading volume, as the Shanghai Composite Index notched a 13-day consecutive gain, reaching its highest level in a decade. On the 6th, the Shanghai Composite Index rose 1.50% to close at 4083.67 points; the Shenzhen Component Index advanced 1.40% to close at 14022.55 points; the ChiNext Index climbed 0.75% to close at 3319.29 points; and the STAR 50 Index increased 1.84% to close at 1429.30 points. The combined turnover for the two markets on the 6th reached 2.8066 trillion yuan, an increase of 260.3 billion yuan compared to Monday. Regarding the short-term market outlook, industry insiders believe that A-shares have started 2026 with strong bullish momentum. With incremental capital from outside the market rushing in, the indices are expected to continue exploring upward potential. Going forward, investors are advised to keep a close watch on sectors such as commercial aerospace, rare metals, and finance.
The Shanghai Composite Index hit a new decade-high on Tuesday, with both the Shanghai and Shenzhen A-shares opening higher at the start of the session. Specifically, the Shanghai Composite opened up 0.06%, while the Shenzhen Component Index opened up 0.01%. After opening, the market trended upwards amid active trading volume. By the close, the Shanghai Composite had gained 60.25 points, a rise of 1.50%, finishing at 4083.67 points and marking a new ten-year peak. The Shenzhen Component Index added 193.92 points on the 6th, an increase of 1.40%, closing at 14022.55 points and setting a new high for the current rebound. The total trading volume for the two markets on the 6th surpassed 2.80 trillion yuan, up by 260.3 billion yuan from Monday's figure.
As fresh capital entered the market at a rapid pace, the profitability effect for individual stocks became evident. On the 6th, 1,768 stocks advanced in the Shanghai market, while 513 declined; in the Shenzhen market, 2,131 stocks rose, and 697 fell.
Sector-wise, aerospace equipment, industrial internet, and chemical raw materials led the gains, whereas forestry, communication equipment, and components showed relative weakness. Among concept stocks, brain-computer interface, titanium metal, and phosphorus concepts were among the top performers, while desert control, family doctor, and CPO sectors lagged. It is noteworthy that the Shanghai Composite Index recorded a 13-session winning streak. If the previous 11-day rally was characterized by a slow bull trend, the two positive sessions since the start of 2026 clearly indicate an acceleration in the upward momentum.
The CSI 300 Index rose 1.55% on the 6th. According to data from Tonghuashun, the top ten gainers among the CSI 300 constituent stocks on the 6th were Tonghuashun, AVIC Xian Aircraft Industry, Desay SV Automotive, China Satellite Communications, Compass, TCL Technology, Hengli Petrochemical, Huayou Cobalt, Aluminum Corporation of China, and Wanhua Chemical.
On Tuesday, the aerospace equipment sector surged by 8.55%. Among individual stocks, Aerospace CH Electronics and China Satellite Communications hit the daily limit-up, Zhongtian Rocket soared 8.05%, and China Spacesat climbed 7.60%.
Recently, the eagerly anticipated application for a科创板 listing by Chinese private commercial aerospace company LandSpace has been formally accepted by the Shanghai Stock Exchange. The company aims to raise 7.5 billion yuan; if successful, it would become the first "commercial rocket stock" on the A-share market. Established in 2015, LandSpace was one of the earliest private enterprises to enter the commercial aerospace sector in China, focusing on the development, production, and commercial operation of launch vehicles. Its prospectus reveals that its primary products are the "Zhuque" series of medium-sized liquid-propellant launch rockets, dedicated to providing efficient and reliable launch services for domestic and international clients.
Stimulated by this positive news, shares of companies holding equity in LandSpace have remained active recently. The prospectus shows that Jianghan Asset Management, a subsidiary of Goldwind Science & Technology, holds a 4.14% stake in LandSpace, making it the sixth-largest shareholder. On Monday, Goldwind Science & Technology opened at the daily limit-up price, experiencing volatile trading on high volume and closing up 6.96%; on Tuesday, the stock quickly hit the limit-up in the afternoon session, finishing with a 9.99% gain.
The semiconductor and chip sectors maintained their strength this week. Recently, industry insiders revealed that Samsung Electronics and SK Hynix plan to increase server DRAM prices by 60% to 70% in the first quarter of 2026 compared to the fourth quarter of 2025.
For the short-term market outlook, industry professionals suggest that A-shares have exhibited robust bullish sentiment since the beginning of 2026. With external funds flowing into the market, the major indices are poised to extend their gains. Investors should pay close attention to the rhythm of sector rotation in the subsequent sessions.
A research report from Sinolink Securities points out that low-earth orbit resources are becoming increasingly scarce due to the International Telecommunication Union's "first-come, first-served" rule. Chinese constellations like China SatNet and G60 plan for nearly 30,000 satellites, creating strong urgency for launches. Cost is a core factor constraining rocket launch efficiency, and reusable technology is the essential path for reducing costs in China's commercial aerospace sector. 2026 is expected to be the inaugural year for reusable commercial rockets, with models like the Long March 12A and Zhuque-3 attempting recovery. The key value segments of rockets lie in engines and airframe structures; 3D printing technology is well-suited for the complex structures of engines, enabling cost reduction and efficiency gains. Domestic companies such as LandSpace are already actively applying this technology.
Huaxi Securities stated that the 2026 spring rally has already begun ahead of schedule. As the inaugural year of the "15th Five-Year Plan," multiple government departments are intensively rolling out supporting industrial policies and investment plans. Concurrently, coordinated fiscal and monetary policies are creating a favorable liquidity environment for the market. The influx of institutional capital, represented by equity ETFs, is expected to reinforce the trend of the spring rally.
An analyst from China Fortune Securities told reporters, "Since the start of 2026, the market has risen on heavy volume, transitioning from a previous slow bull trend to a recent rapid ascent, indicating a strong bullish atmosphere for A-shares. As various sectors take turns leading the gains, investors should be mindful of the rotation pace among hot themes. It is not advisable to blindly chase highs in the short term; instead, consider buying on dips during market fluctuations. Key sectors to monitor include commercial aerospace, rare metals, and finance."
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