On January 16, the A-shares opened higher across the board, with the three major indices rising at one point in the morning session, followed by a decline, and the ChiNext turned negative after previously rising by 1%. Sectors such as semiconductor chips and power grid equipment were active, while the AI application sector continued to adjust. The Hong Kong stock market also opened higher, with both the Hang Seng Index and the Hang Seng Tech Index rising in the morning session, but they have now turned negative, with non-ferrous metals and power equipment lifting. In the bond market, government bond futures collectively fell. In terms of commodities, most domestic commodity futures rose, with polysilicon up 3% and platinum up 3%. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index is down 0.16%, the Shenzhen Component Index is down 0.05%, and the ChiNext Index is down 0.01%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index is down 0.05%, and the Hang Seng Tech Index is down 0.16%.
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Bond market: Government bond futures are down across the board. As of the time of writing, the 30-year main contract is down 0.35%, the 10-year main contract is down 0.08%, the 5-year main contract is down 0.03%, and the 2-year main contract is flat.
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Commodities: Domestic futures main contracts showed mixed results. As of the time of writing, platinum is up 3%, polysilicon and glass are up 2%, hot-rolled coils are up 1%, while industrial silicon, coke, rebar, stainless steel, palladium, Shanghai silver, coking coal, iron ore, rapeseed, rubber, and eggs are rising. Shanghai nickel, ferrosilicon, lithium carbonate, Shanghai gold, Shanghai copper, Shanghai aluminum, alumina, and soybean meal are down, with asphalt, pulp, and Shanghai tin down over 1%, the container shipping index down 2%, and fuel down over 3%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e9f86395-0d06-4243-aa1f-bc8ccd95aae9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e9f86395-0d06-4243-aa1f-bc8ccd95aae9.png"/>
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10:10
The three major indices have collectively turned negative, with the ChiNext Index previously rising over 1%. Sectors such as AI applications, insurance, oil and gas, and pharmaceuticals are leading the declines, with over 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets falling.
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09:53
Power stocks are fluctuating and strengthening, with Huayin Power hitting the daily limit, Leshan Power rising over 8%, and Shaoneng Co., Hengsheng Energy, Jiuzhou Group, Mingxing Power, and Xichang Power following suit
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09:45
Chip stocks continued to strengthen in the morning, with Tianyue Advanced rising over 12%, and Tongcheng New Materials, Sanfu Co., Ltd., LEADYO, Hengkun New Materials, and Jingce Electronics all rising over 7%.
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In terms of news, TSMC expects capital expenditures to reach $52 billion to $56 billion in 2026, with total capital expenditures of $40.9 billion in 2025.
09:35
Most Vanke bonds rose, with &#34;21 Vanke 04&#34; and &#34;22 Vanke 06&#34; both rising over 20% and temporarily suspended; &#34;21 Vanke 06&#34; rose over 11%, and &#34;22 Vanke 04&#34; rose over 9%.
09:31
The ChiNext Index rose over 1%, the Shanghai Composite Index rose 0.59%, and the Shenzhen Component Index rose 0.74%. Sectors such as power grid equipment and semiconductor chips led the gains, with nearly 4,000 stocks rising in the Shanghai, Shenzhen, and Beijing markets.
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09:31
The decline in government bond futures expanded, with the 30-year main contract down 0.41%, the 10-year main contract down 0.09%, the 5-year main contract down 0.04%, and the 2-year main contract down 0.01%.
09:30
The power grid equipment sector led the opening gains, with San Bian Sci-Tech achieving a four-day limit up, BaoBian Electric achieving a two-day limit up, and HPEC, xldz, and Siyuan Electric hitting the limit up, while SOJO, Guodian Nanzi, China XD, and Ankao Zhidian followed suit.
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In terms of news, the State Grid Corporation announced that during the 14th Five-Year Plan period, the company's fixed asset investment is expected to reach 4 trillion yuan, a 40% increase compared to the 13th Five-Year Plan.
09:21
The Hang Seng Index opened up 0.64%, and the Hang Seng Tech Index rose 0.94%.
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Tech stocks rose broadly, with SenseTime and Alibaba both rising over 2%, and BYD, SMIC, Kuaishou, and Huahong Semiconductor also seeing increases

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The power grid equipment sector opened with gains, San Bian Sci-Tech achieved a 4-day consecutive rise, BaoBian Electric had a 2-day consecutive rise, HPEC, xldz, and SiYuan Electric hit the daily limit, SOJO, Guodian Nanzi, China XD, and AnKao ZhiDian followed suit. Chip stocks continued to strengthen in the morning session, TianYue Advanced surged over 12%, TongCheng New Materials, SanFu Co., Ltd., LEADYO, HengKun New Materials, and JingCe Electronics all rose over 7%

- The A-share market experienced fluctuations, with the three major indices declining; semiconductor stocks rallied while many technology shares dropped.  
- In Hong Kong, the Hang Seng Index and technology stocks mostly fell, although electric power and semiconductor sectors showed resilience.  
- Notably, the total margin trading amount in the A-share market surpassed 27.1 trillion yuan for the first time, reflecting increased market activity.

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China XD

HPEC

xldz

San Bian Sci-Tech

LEADYO

SOJO

AH shares fluctuated and fell in the morning session, the ChiNext rose 1% before turning negative, chip semiconductors surged, the Hang Seng Index fell 0.1%, and non-ferrous metals were active, with polysilicon rising nearly 3%