AH shares fluctuated higher, photovoltaics surged triggering a wave of price limits, precious metals soared again, Alibaba rose over 3%, and metal futures rallied across the board.
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International gold and silver have reached new highs again, with gold prices approaching the $5000 mark and silver breaking through $99. The precious metals sector of the A-share and Hong Kong stock markets has surged strongly, with multiple stocks such as Hunan Silver and Sichuan Gold soaring. Driven by news of China’s application to launch a constellation of 200,000 satellites and Elon Musk’s latest speech at the Davos Forum, space photovoltaics are leading the photovoltaic concept stocks.
On January 23, A-shares rose steadily, with all three major indices climbing. Photovoltaic concept stocks and precious metals collectively surged, leading the market. Biotechnology, cultural media, and other sectors were active. Hong Kong stocks also rallied in the morning session, with the Hang Seng Index up nearly 1%. Most technology internet stocks rose, and Alibaba climbed over 3%. Reports indicate it is preparing for the independent listing of its AI chip subsidiary Pingtouge. In the bond market, sovereign bond futures broadly rebounded. On the commodities front, domestic commodity futures mostly rose, platinum up over 9%, Shanghai silver up 8%. Core market movements:
A-shares: As of press time, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index up 0.57%, and the ChiNext Index up 0.42%.
Hong Kong stocks: As of press time, the Hang Seng Index rose 0.66%, the Hang Seng Tech Index up 0.46%.
Bonds: Treasury bond futures all rebounded. As of press time, the 30-year main contract fell 0.02%, the 10-year main contract rose 0.03%, the 5-year main contract rose 0.05%, and the 2-year main contract rose 0.02%.
Commodities: Domestic commodity futures mostly rose. As of press time, platinum up 9.8%, Shanghai silver up 8%, palladium and lithium carbonate up over 4%, Shanghai tin, rubber, and Shanghai gold up over 2%. Shanghai nickel, glass, coke, coking coal, Shanghai aluminum, fuel oil, iron ore up over 1%. Pulp, ferromanganese, alumina, asphalt, Shanghai copper, container index, eggs, rebar, hot-rolled coil, polysilicon, soybean meal, and others all increased.
10:08
Photovoltaic concept stocks broke out across the board, with rooftop PV, BC batteries, HJT batteries, PV glass, perovskite batteries, silicon energy and other directions all surging. Maiwei Co. and Autowell hit 20CM limit up. Jiejia Weichuang, Jingsheng Electromechanical, Tianhe Optoelectronics followed suit.
09:52
Hong Kong nonferrous metal stocks surged, Minmetals Resources up nearly 9%, Chifeng Gold up over 7%, Zijin Gold International up over 5%, Ganfeng Lithium up nearly 5%, Shandong Gold up nearly 4%.
09:48
Precious metals concept repeatedly strengthened, Baiyin Nonferrous hit a 4-day limit up, Yuguang Gold & Lead, China National Gold, Sichuan Gold, Shengda Resources, Xingye Silver & Tin, and others led the gains.
In terms of news, spot silver broke through $97/oz intraday, spot gold reached $4960/oz, further approaching the $5000 mark, both setting historical highs.
09:42
Photovoltaic concept kept strengthening, with space photovoltaics leading the gains. Junda Co. hit the limit up for two consecutive days, and GCL Integration, Jincheng Co., Mingyang Smart, and Topray Solar hit limit up. Liancheng CNC, Maiwei Co., and Risen Energy all rose over 10%.
In terms of news, according to a WallstreetCN previous article, Musk stated at the Davos Forum that a solar panel area of 100 square miles could supply power to all of America. He revealed that teams at SpaceX and Tesla are each working to build 100GW per year solar manufacturing capacity in the US within about three years.
Musk emphasized that photovoltaics are the optimal energy solution. SpaceX will launch solar AI satellites in the future, and SpaceX and Tesla will build 100GW PV production capacity in the US; in the future, space photovoltaic bases should be constructed to deploy data centers.
According to Shenwan Hongyuan’s research report, China’s application to launch over 200,000 satellite constellation marks a new stage of large-scale commercial space deployment, which will directly drive long-term demand for space photovoltaics. Space PV faces technological iteration from high-efficiency gallium arsenide to large-scale silicon-based HJT, and eventually to perovskite tandem technologies.
09:30
The photovoltaic sector continued to strengthen, with Shuangliang Eco-Energy approaching the limit up, Maiwei Co. rising over 10%, Junda Co., Gaoced Co., Autowell, Jiejia Weichuang all up over 5%.
09:28
The precious metals sector continued to climb, Baiyin Nonferrous hit a 4-day limit up, Hunan Silver, China National Gold, Shanjin International, Xiaocheng Technology, Shengda Resources and other stocks opened high.
09:21
The Hang Seng Index opened up 0.87% at 26,861.36; the Hang Seng Tech Index opened up 0.96%. Alibaba rose 3.9%; JD.com and Alibaba Health rose over 2%.
09:01
Commodity futures opened higher, BR rubber main contract rose to the daily limit, platinum up over 10%, Shanghai silver up over 6%, palladium up over 5%, styrene, lithium carbonate, rubber, No. 20 rubber, Shanghai gold, short-fiber, ethylene glycol all up over 2%.
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