A-shares fluctuated higher, commercial aerospace remained active, the Hang Seng Tech Index rose 1%, Zhipu surged nearly 20%, metals erupted again, and Shanghai silver soared over 11%.

A-shares fluctuated higher, commercial aerospace remained active, the Hang Seng Tech Index rose 1%, Zhipu surged nearly 20%, metals erupted again, and Shanghai silver soared over 11%.

January 12, A-shares fluctuated and rose, with the Shanghai Composite Index and Shenzhen Component Index trending higher. The ChiNext Index once fell 1% at the opening, then narrowed its loss. Commercial aerospace continued to be active, and AI applications remained strong. In Hong Kong, both the Hang Seng Index and Hang Seng Tech Index rose, with the Tech Index up over 1%. Tech stocks generally surged, with “the world’s leading large model stock” Zhipu soaring nearly 20%. In the bond market, government bond futures rose. In commodities, metal futures erupted again—Shanghai silver soared over 11%, after spot silver hit a new historic high in the international market. Platinum, palladium, Shanghai nickel, and Shanghai aluminum all rallied. Core market trends: A-shares: As of press time, the Shanghai Composite Index is up 0.25%, Shenzhen Component Index up 0.49%, and the ChiNext Index down 0.15%. Hong Kong stocks: As of press time, Hang Seng Index is up 0.24%, and Hang Seng Tech Index up 0.91%. Bond market: Government bond futures across the board rose. As of press time, the main 30-year contract is up 0.25%, 10-year main contract up 0.06%, 5-year main contract up 0.05%, and 2-year main contract up 0.02%. Commodities: Domestic commodity futures rose broadly. As of press time, Shanghai silver jumped 11.5%, Shipping Index up 11.2%, lithium carbonate up 9%, platinum up 5%, Shanghai nickel up 4%, palladium up 4%, Shanghai copper up 3%, Shanghai aluminum, Shanghai gold, coking coal up over 2%, industrial silicon, manganese silicon, stainless steel up over 1%, rebar, hot rolled plate, rubber, alumina, asphalt, coke, polysilicon, soybean meal and others all rose. Pulp, caustic soda and others fell, glass fell over 1%, fuel oil fell 2%. 10:02 “The world’s leading large model stock” Zhipu rose nearly 20% in early trading. 09:57 AI programming stocks surged mid-session, Zhuoyi Information hit the 20cm price limit. Before this, Zhongcheng Technology hit two consecutive 30cm boards. Puyuan Information, KingModern rose over 10%, Xinjunetwork, Boland, Chuling Information, Faben Information followed higher. In the news, Musk posted on the X platform, announcing that xAI will upgrade Grok Code next month, allowing for the completion of many complex coding tasks at once. 09:48 A-share battery sector slumped, Defu Technology fell over 10%, Sunwoda, Lead Intelligent, Kedali, CATL, Anfu Technology all fell over 4%. 09:26 Shanghai Composite Index opened up 0.35%, ChiNext Index down 0.13%. AI application themes were active, e-commerce and short drama games led gains; commercial aerospace index continued to ferment; energy metals concept stocks remained strong. CPO and photovoltaic stocks weakened. 09:21 Hang Seng Index opened up 0.55%, Hang Seng Tech Index rose 0.88%. WuXi Biologics, Meituan, Baidu Group, Zijin Mining, Bilibili all rose over 2%. “The world’s leading large model stock” Zhipu rose nearly 15%. 09:12 Domestic coking coal futures contract once rose 3.9% to 1,235 yuan per ton. Shanghai nickel once rose 3.7%. 09:01 Commodity futures opened, the main lithium carbonate contract hit the price limit, Shanghai silver rose over 10%, platinum and palladium rose over 5%, Shanghai tin up over 4%, Shanghai nickel and crude oil rose over 3%, international copper, Shanghai gold, Shanghai copper, Shanghai aluminum, coking coal up over 2%. Risk Warning and Disclaimer Markets have risks, and investment should be cautious. This article does not constitute personal investment advice and does not consider the unique investment goals, financial situation, or needs of individual users. Users should evaluate whether any opinions, views or conclusions in this article fit their specific situation. If you invest based on this, you do so at your own risk.