International gold and silver continue to soar, with gold breaking through $5,000 and silver standing above $108. The precious metals sector in A-shares and Hong Kong stocks has surged again.
On January 26, A-shares experienced fluctuations and adjustments, with the three major indices showing divergent trends. Driven by the CSI 300 and SSE 50, the Shanghai Composite Index rose, while the ChiNext Index fell by 1% at one point. Gold stocks exploded again, while space photovoltaic and commercial aerospace concept stocks significantly adjusted after a strong opening. Hong Kong stocks opened high but fell low, with the Hang Seng Technology Index dropping nearly 2%. Tech stocks generally fell, while gold stocks led the gains, with LAOPU GOLD rising over 12% at one point. In the bond market, government bond futures generally declined. In terms of commodities, domestic commodity futures rose broadly, with metal futures surging, and Shanghai silver rising over 13%. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index rose by 0.27%, the Shenzhen Component Index fell by 0.41%, and the ChiNext Index fell by 0.43%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index rose by 0.23%, while the Hang Seng Technology Index fell by 1.36%.
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Bond market: Most government bond futures fell. As of the time of writing, the 30-year main contract rose by 0.02%, the 10-year main contract fell by 0.04%, the 5-year main contract fell by 0.03%, and the 2-year main contract fell by 0.03%.
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Commodities: Domestic commodity futures rose broadly. As of the time of writing, Shanghai silver rose over 13%, with platinum, palladium, and Shanghai tin futures rising broadly. Platinum rose by 9%, palladium rose by 7%; the shipping index rose by 6%, lithium carbonate rose by 5%, fuel oil rose by 4%, Shanghai nickel and Shanghai gold rose over 3%, polysilicon and Shanghai copper rose over 2%, while glass, asphalt, and industrial silicon rose over 1%. Stainless steel, rebar, eggs, aluminum, hot-rolled coils, rubber, and soybean meal also rose.
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10:21
The precious metals concept continues to explode, with ZJIG achieving three limit-ups in six days, SC GOLD achieving four limit-ups in eight days, and XINGYE YINXI, Hunan Gold, SDR, Hunan Silver, and Yuguang Gold Lead hitting the limit-up. XC-TECH rose over 15% to set a new high, with SHANJIN INTERNATIONAL following suit.
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According to news from Wall Street CN's previous article, the global market has fallen into a risk-averse frenzy, with spot gold driven by geopolitical turmoil and &#34;credit devaluation&#34; trading, breaking through $5,000 per ounce for the first time in history.
10:19
The oil and gas sector fluctuated and strengthened during the session, with China National Offshore Oil Corporation rising over 5%, reaching a historical high. China Petroleum and China Petrochemical rose over 4%, while Tongyuan Petroleum, Potential Energy, Shandong Molong, and CNOOC Services also followed suit.
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In news, affected by the winter storm hitting most parts of the United States, natural gas prices in the U.S. surged on January 25, with futures prices breaking the $6 per million British thermal units mark for the first time since 2022.
10:04
Hong Kong stocks in the semiconductor sector declined, with Tianneng Zhixin falling over 5%, InnoCare falling over 4%, and SMIC and Zhaoyi Innovation dropping over 3%. Shanghai Fudan and Huahong Semiconductor fell over 2%.
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09:46
The three major A-share indices collectively turned red, with the ChiNext Index down nearly 1%. Sectors such as commercial aerospace, military industry, liquor, and semiconductor chips saw significant declines, with nearly 4,000 stocks in the Shanghai, Shenzhen, and Beijing markets falling.
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09:38
Laopu Gold's stock price rose by as much as 14%, boosted by the increase in gold prices.
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09:37
The Hang Seng Technology Index's intraday decline expanded to 1%. Baidu, XPeng, and Kuaishou fell over 3%.
09:26
The Shanghai Composite Index opened up 0.21%, and the ChiNext Index rose 0.48%. The photovoltaic industry chain strengthened again, with space photovoltaic concept stocks leading the rise; gold, lithium mines, humanoid robots, and AI application themes were active. Commercial aerospace concept stocks saw a partial pullback.
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09:22
The Hang Seng Index opened up 0.35%, at 26,844.04 points; the Hang Seng Technology Index rose 0.05%. Pop Mart rose over 4%, and Zijin Mining rose nearly 3%. Tencent Music rose nearly 2%; Baidu fell nearly 2%, and XPeng fell 1.8%
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09:16
The central parity rate of the RMB against the US dollar is reported at 6.9843, up 86 points; the previous trading day's central parity rate was 6.9929, and the official closing price of the previous trading day was 6.9642, with the night session closing at 6.9630.
09:01
Commodity futures opened, with the main contract for Shanghai silver rising over 11%, Shanghai tin rising over 9%, lithium carbonate and platinum rising over 6%, palladium rising over 5%, fuel oil rising over 4%, and BR rubber, Shanghai gold, methanol, liquefied gas, Shanghai copper, international copper, Shanghai nickel, and crude oil all rising over 2%.
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300139

600547

000603

601899

06181

518850

001337

000506

517520

The precious metals concept continues to explode, with ZJIG hitting the limit up 3 times in 6 days, SC GOLD hitting the limit up 4 times in 8 days, and companies like Xingye Silver Tin, Hunan Gold, SDR, Hunan Silver, and Yuguang Gold Lead also reaching the limit up. XC-TECH surged over 15% to reach a new high, while Shanjin International followed suit. The Hong Kong stock market's semiconductor concept declined, with Tianzu Zhixin dropping over 5%, InnoCare falling over 4%, and SMIC and Zhaoyi Innovation both down over 3%, while Shanghai Fudan and Huahong Semiconductor fell over 2%

- Heightened geopolitical tensions and increasing risks have led to significant capital outflows from traditional dollar and US Treasury assets, driving investors towards gold and silver.  
- As gold exceeded $5,100 and silver reached $108, A-share and Hong Kong gold stocks surged, while oil prices also rose due to increased demand forecasts by the IEA.  
- The A-share market experienced mixed performances on January 26, with the Shanghai Composite index down slightly and commodity markets seeing widespread increases, particularly in metals and precious metals.

Wallstreetcn

Hunan Gold

XC-TECH

SD-GOLD

Zijin Mining

LAOPU GOLD

ChinaAMC Gold ETF

SC GOLD

ZJIG

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

The Shanghai Composite Index fluctuated and rose, the gold and silver sectors soared, the commercial aerospace sector collectively adjusted, the Hang Seng Index fell over 1%, LAOPU GOLD surged 10%, and Shanghai Silver skyrocketed 13%