ChiNext up 1%, STAR 50 up 3%, GPU concept surges, gold stocks soar, Hong Kong stocks rebound after volatility, Gigadevice rises over 10%, lithium carbonate rises over 5% again.

ChiNext up 1%, STAR 50 up 3%, GPU concept surges, gold stocks soar, Hong Kong stocks rebound after volatility, Gigadevice rises over 10%, lithium carbonate rises over 5% again.

On January 21, A-shares rebounded amid volatility, with the ChiNext Index rising more than 1%. Gold stocks continued to strengthen, storage chips and GPU concepts surged, while AI application sectors kept adjusting. In Hong Kong, stocks initially fell in early trading but then rose amid fluctuations. Tech stocks showed mixed performance, with semiconductor and chemical sectors rising. In the bond market, most government bond futures declined. For commodities, domestic commodity futures were mixed, with lithium carbonate jumping over 5%—having hit the daily limit the previous trading day—and coking coal falling more than 3%. Core market trends:

A-shares: As of publish time, the Shanghai Composite Index rose 0.24%, the Shenzhen Component Index rose 0.61%, and the ChiNext Index rose 1.07%.



Hong Kong Stocks: As of publish time, the Hang Seng Index rose 0.07%, and the Hang Seng Tech Index rose 0.28%.



Bond Market: Treasury futures fell across the board. As of publish time, the leading 30-year contract rose 0.28%, the leading 10-year contract fell 0.02%, the leading 5-year contract fell 0.03%, and the leading 2-year contract fell 0.02%.



Commodities: Domestic futures contracts performed mixed. As of publish time, platinum rose over 4%, palladium rose over 1%, lithium carbonate rose more than 5%, Shanghai Gold rose over 3%, PTA rose nearly 2%, PX, fuel oil, styrene, methanol, bottle grade PET, and low-sulfur fuel oil rose over 1%; on the downside, coking coal fell over 3%, caustic soda, coke, and PVC fell over 1%.

09:51

Precious metals sector continued to be strong, with Hunan Silver reaching the board for the second time, followed by Shengton Mining, Zhongjin Gold, Xiaocheng Technology, and Sichuan Gold.

In terms of news, spot gold surpassed the $4,800/oz mark. Spot silver climbed above $95/oz for the first time, up 33% cumulatively this year.

09:48

GPU concept stocks soared, with Loongson Technology hitting the upper limit at 20cm, Hygon Information rose over 13% to a record high, Tongfu Microelectronics and Jingjia Micro rose over 5%.

09:46

The STAR 50 Index expanded its gains to 3.4%.

09:43

The ChiNext Index surged over 1%, the Shanghai Composite Index rose 0.13%, and the Shenzhen Component Index rose 0.50%. Precious metals, semiconductor chips, CPUs and other sectors led the gains, with nearly 2,300 stocks rising in Shanghai, Shenzhen, and Beijing markets.

09:38

Storage chip concept remained strong, with Infitron Micro reaching its board for the second time, followed by Puran Shares, BW Storage, Jiang Bolong, Canaan Creative, GigaDevice, Hengshuo Shares, Dawei Shares which also rose.

According to news, Western Digital shares rose 8% in US trading, reaching a new high. Citigroup raised the target price for Western Digital from $280 to $490, and for Seagate Technology from $320 to $385.

09:34

Medical device sector was active in early trading, with Tinzhihang rising over 10%, followed by Sanyou Medical, Xishan Technology, Kangzhong Medical, and Tianyi Medical which also rose.

In terms of news, on January 20, the National Healthcare Security Administration released the "Project Guide for Pricing Surgical and Treatment Auxiliary Operation Medical Services (Trial)", establishing a total of 37 price projects, plus 5 surcharge items and 1 extension item, covering key auxiliary technologies and products such as 3D printing, intraoperative navigation, surgical robotic arms, and remote surgery.

News: Spot gold broke through the $4,800/oz mark for the first time in history, currently up 0.75%, with a monthly rise of over 10%.

09:21

The Hang Seng Index opened down 0.34%, at 26,397.04 points; the Hang Seng Technology Index fell 0.70%.

Bilibili fell 2.9%, SenseTime fell 2.1%, Xpeng Motors, Kuaishou, NetEase and others fell over 1%.

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