AH shares fluctuated and fell back in the morning session, the ChiNext Index turned down after rising 1%, chips and semiconductors surged, the Hang Seng Index fell 0.1%, non-ferrous metals were active, and polysilicon rose nearly 3%.
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On January 16th, A-shares opened higher across the board. The three major indexes rose during the morning session before fluctuating lower, with the ChiNext turning negative after rising by 1% earlier. Chip and semiconductor, power grid equipment, and other sectors were active, while the AI applications sector continued to adjust. Hong Kong stocks also opened higher, with both the Hang Seng Index and Hang Seng Tech Index rising in the morning but now turning negative. Non-ferrous metals, power equipment, and other sectors rallied. In the bond market, government bond futures fell across the board. In commodities, most domestic commodity futures rose, with polysilicon up 3% and platinum up 3%. Core market trends:
A-shares: As of press time, the Shanghai Composite Index was down 0.16%, the Shenzhen Component Index down 0.05%, and the ChiNext Index down 0.01%.
Hong Kong stocks: As of press time, the Hang Seng Index was down 0.05%, and the Hang Seng Tech Index was down 0.16%.
Bond market: Government bond futures fell across the board. As of press time, the main 30-year contract was down 0.35%, the main 10-year contract down 0.08%, the main 5-year contract down 0.03%, and the main 2-year contract was flat.
Commodities: Main domestic futures contracts were mixed. As of press time, platinum was up 3%, polysilicon and glass up 2%, hot-rolled coil up 1%. Industrial silicon, coke, rebar, stainless steel, palladium, Shanghai silver, coking coal, iron ore, rapeseed, rubber, eggs all rose. Shanghai nickel, manganese silicon, lithium carbonate, Shanghai gold, Shanghai copper, Shanghai aluminum, alumina, soybean meal fell. Asphalt, pulp, and Shanghai tin all fell more than 1%, container freight index fell 2%, fuel oil fell more than 3%.
10:10
The three major indexes all turned negative. The ChiNext had previously risen over 1%. Sectors such as AI applications, insurance, oil & gas, and pharmaceuticals led the decline. Over 3,000 stocks fell in the Shanghai, Shenzhen, and Beijing markets.
09:53
Power stocks strengthened amid volatility. Huayin Power hit the limit-up, Leshan Power rose more than 8%, Shaoneng Shares, Hengsheng Energy, Jiuzhou Group, Mingxing Power, and Xichang Power followed up.
09:45
Chip stocks continued to strengthen in the morning. Tianyue Advanced surged more than 12%, Tongcheng New Material, Sanfu Shares, Liyang Chip, Hengkang New Material, and Jingce Electronics rose more than 7%.
In terms of news, TSMC expects capital expenditures of $52 billion to $56 billion in 2026, with total capital expenditures of $40.9 billion in 2025.
09:35
Most Vanke bonds rose. "21 Vanke 04" and "22 Vanke 06" both rose more than 20% and were temporarily suspended during trading; "21 Vanke 06" rose more than 11%, "22 Vanke 04" rose more than 9%.
09:31
The ChiNext Index surged more than 1%, the Shanghai Composite rose 0.59%, and the Shenzhen Component Index rose 0.74%. Power grid equipment, semiconductor chips, and other sectors led the gains. Nearly 4,000 stocks rose in the Shanghai, Shenzhen, and Beijing markets.
09:31
Government bond futures extended their losses. The main 30-year contract fell 0.41%, the main 10-year contract 0.09%, the main 5-year contract 0.04%, and the main 2-year contract 0.01%.
09:30
The power grid equipment sector led the opening gains. Sanbian Technology went up for four consecutive sessions, Baobian Electric hit the upper limit for two consecutive sessions, Pinggao Electric, Xinlian Electronics, Siyuan Electric hit the daily limit, while Shuangjie Electric, Guodian Nanzi, China XD Electric, and Anka Intelligent Power followed up.
In terms of news, State Grid Corporation of China announced that during the "15th Five-Year Plan" period, its fixed asset investment is expected to reach 4 trillion yuan, up 40% from the "14th Five-Year Plan".
09:21
The Hang Seng Index opened up 0.64%, and the Hang Seng Tech Index up 0.94%.
Internet technology stocks mostly rose, with SenseTime and Alibaba up more than 2%. BYD, SMIC, Kuaishou, Hua Hong Semiconductor, and others also rose.
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