On January 7, the three major A-share indices experienced volatile trading in the morning session before rising, with the Shanghai Composite Index approaching the 4100-point mark by the midday close. The ChiNext Index gained 0.41%, while the Shenzhen Component Index rose by 0.35%. The combined turnover for the Shanghai and Shenzhen stock exchanges reached 1.85 trillion yuan in the first half of the day, an increase of 53.8 billion yuan compared to the previous trading session. More than 2,500 stocks advanced across the broader market.
Specifically, the semiconductor industry chain strengthened across the board, led by gains in the photolithography machine and memory segments. Shares of Kingsemi, Nata Opto-Electronic Material, and Hengkun New Materials surged by the 20% daily limit. Anhui Guofeng New Materials achieved its second涨停 in three days, while Advanced Micro-Fabrication Equipment Inc. China and Naura Technology Group continued their rallies to hit fresh record highs. The controlled nuclear fusion concept also showed active performance, with Prince New Material securing its third涨停 in four days. China First Heavy Industry, China Nuclear Engineering & Construction, and China National Erzhong Group all jumped by the 10% daily limit. The brain-computer interface concept maintained its strong momentum, as Innovation Medical Management and Nanjing Panda both recorded their third consecutive涨停. Companies like Sanbo Brain Clinic, Dowstone Technology, and Saili Medical followed with gains.
On the downside, oil and gas stocks performed weakly, with China National Offshore Oil Corporation (CNOOC) declining. The stablecoin, securities, and banking sectors were among the leading decliners.
In the Hong Kong market, the Hang Seng Index and the Hang Seng China Enterprises Index both trended lower, each falling nearly 1% as of 11:30 AM. The Hang Seng Tech Index dropped by 1.5%. Alibaba fell nearly 4%, while BYD Company and Kuaishou Technology declined over 2%. In contrast, WuXi AppTec, China Life Insurance, and Innovent Biologics bucked the trend, each rising more than 3%.
International precious metals collectively turned lower, with spot gold falling below $4480 per ounce after briefly touching $4500 earlier in the session. Spot silver edged down slightly, although it still maintains a substantial 13% gain since the start of the year.
In contrast, the base metals market was awash with gains across the board. SHFE nickel led the charge powerfully, climbing nearly 8%, while SHFE tin advanced close to 6%. Lithium carbonate and alumina both rose over 3%.
