International gold and silver hit new highs, with gold prices approaching the $5,000 mark and silver breaking through $99. The precious metals sector in A-shares and Hong Kong stocks surged strongly, with stocks like Hunan Silver and Sichuan Gold experiencing significant gains. Driven by China's submission of an application for a constellation of 200,000 satellites and Elon Musk's latest speech at the Davos Forum, the space photovoltaic sector led the photovoltaic concept stocks.
On January 23, A-shares fluctuated upward, with all three major indices rising collectively. Photovoltaic concept stocks and precious metals surged, leading the market. Sectors such as biotechnology and cultural media were active. Hong Kong stocks also strengthened in the morning session, with the Hang Seng Index rising nearly 1%. Most tech stocks rose, with Alibaba increasing over 3%. According to previous reports, it is preparing to advance the independent listing of its AI chip subsidiary, Tianshu. In the bond market, government bond futures generally rebounded. In terms of commodities, domestic commodity futures rose broadly, with platinum up over 9% and Shanghai silver up 8%. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.57%, and the ChiNext Index rose 0.42%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index rose 0.66%, and the Hang Seng Tech Index rose 0.46%.
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Bond market: Government bond futures all rebounded. As of the time of writing, 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%.
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Commodities: Domestic commodity futures rose broadly. As of the time of writing, platinum rose 9.8%, Shanghai silver rose 8%, palladium and lithium carbonate rose over 4%, Shanghai tin, rubber, and gold rose over 2%, and Shanghai nickel, glass, coke, coking coal, Shanghai aluminum, fuel oil, and iron ore rose over 1%. Pulp, ferrosilicon, alumina, asphalt, Shanghai copper, container shipping index, eggs, rebar, hot-rolled coils, polysilicon, and soybean meal also rose.
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10:08
Photovoltaic concept stocks exploded across the board, with photovoltaic rooftops, BC batteries, HJT batteries, photovoltaic glass, perovskite batteries, and silicon energy all experiencing significant gains. Maxwell and Aotaiwei hit the 20% limit up, with Jiejia Weichuang, Jingsheng Electromechanical, and Tianhe Guangneng following suit.
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09:52
Hong Kong stocks in the non-ferrous metal sector surged, with Minmetals Resources rising nearly 9%, Chifeng Gold up over 7%, Zijin Mining International increasing over 5%, Ganfeng Lithium up nearly 5%, and Shandong Gold rising nearly 4%.
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09:48
The precious metals concept repeatedly strengthened, with Baiyin Nonferrous achieving a four-day limit-up, and Yuguang Gold&amp;Lead, China Gold, SC GOLD, SDR, and XINGYE SILVER&amp;TIN among the top gainers.
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In terms of news, spot silver broke through $97/ounce during trading, while spot gold touched $4,960/ounce, further approaching the $5,000 mark, both reaching historical highs.
09:42
The photovoltaic concept continued to strengthen, with the space photovoltaic sector leading the gains. Drinda achieved a two-day limit-up, while GCLSI, JINCHEN MACHINERY, MYSE, TOPRAYSOLAR, and several other stocks hit the limit-up, with Liancheng CNC, Maxwell, and Risen Energy rising over 10%.
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In terms of news, according to a previous article from Wallstreetcn, Musk stated at the Davos Forum that an area of solar panels measuring 100 square miles could power the entire United States. He revealed that teams from SpaceX and Tesla are working to establish an annual solar manufacturing capacity of 100 gigawatts in the U.S. within about three years.
Musk stated that photovoltaics are the optimal energy solution, and SpaceX will launch solar AI satellites in the future, with SpaceX and Tesla planning to build 100GW of photovoltaic capacity in the U.S.; in the future, a space photovoltaic base should be established to deploy data centers.
Shenwan Hongyuan's research report stated that China has submitted applications for over 200,000 satellite constellations, marking a new phase of large-scale deployment in commercial space, which will directly drive long-term demand for space photovoltaics. Space photovoltaics face a technological iteration path from efficient gallium arsenide to large-scale silicon-based HJT, and eventually to perovskite tandem in the long term.
09:30
The photovoltaic sector continued to strengthen, with Shuangliang Energy nearing the limit-up, Maxwell rising over 10%, and Drinda, High Measurement, Aotwei, and Jiejia Weichuang all increasing over 5%.
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09:28
The precious metals sector continued to surge, with Baiyin Nonferrous achieving a four-day limit-up, and Hunan Silver, Zhongjin Gold, Shanjin International, Xiaocheng Technology, and SDR among several stocks opening high
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09:21
The Hang Seng Index opened up 0.87%, at 26,861.36 points; the Hang Seng Tech Index opened up 0.96%. Alibaba rose 3.9%, JD Group and Alibaba Health rose over 2%.
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09:01
Commodity futures opened, with the main contract for BR rubber hitting the upper limit, platinum rising over 10%, Shanghai silver rising over 6%, palladium rising over 5%, and styrene, lithium carbonate, rubber, No. 20 rubber, Shanghai gold, short fibers, and ethylene glycol rising over 2%

The precious metals concept has repeatedly strengthened, with Baiyin Nonferrous achieving a 4-day limit up, and Yuguang Gold&Lead, China Gold, SC GOLD, SDR, and XINGYE SILVER&TIN among the top gainers. The photovoltaic concept has exploded across the board, with the space photovoltaic sector leading the rise. Drinda has achieved a 2-day limit up, and GCLSI, JINCHEN MACHINERY, MYSE, TOPRAYSOLAR, and many other stocks have hit the limit up, while Longbridge, Maxwell, and Risen Energy have risen over 10%

- International gold and silver prices reached new highs, with gold nearing $5,000 and silver surpassing $99.  
- On January 23, the A-share market saw collective gains, driven by strong performances in the photovoltaic and precious metals sectors, alongside positive movements in biotechnology and media.  
- The Hong Kong market also trended upwards, with notable stocks like Alibaba rising over 3%, amid strengthened commodity markets including a significant rebound in platinum and silver prices.

Wallstreetcn

China Universal CSI Photovoltaic Industry ETF

JINCHEN MACHINERY

Penghua SSE STAR New Energy ETF

Penghua CSI Photovoltaic Industry ETF

Yuguang Gold&Lead

China Gold

TOPRAYSOLAR

China Southern CSI New Energy ETF

Drinda

GCLSI

Maxwell

Baiyin Nonferrous

XINGYE SILVER&TIN

DRINDA

Risen Energy

Yinhua CSI Photovoltaic Industry ETF

MYSE

AXA SPDB CSI Photovoltaic Industry ETF

Huatai-PB CSI Photovoltaic Industry ETF

SC GOLD

Tianhong CSI Photovoltaic Industry ETF

AH shares fluctuated higher, the photovoltaic sector surged, triggering a wave of limit-up stocks, precious metals rose sharply again, Alibaba increased by over 3%, and metal futures rallied across the board