--- title: "The Shanghai Composite Index fluctuated and rose, \"Meta concept stocks\" surged, the gold and silver sector saw widespread limit-ups, the Hang Seng Index rose over 1% to reach a nearly five-year high, and tech stocks rebounded" type: "News" locale: "en" url: "https://longbridge.com/en/news/273921785.md" description: "CPO and other computing hardware stocks opened strong, with YOFC hitting the daily limit, T&S rising over 14%, and EverProX, HTGD, ZTT, and FiberHome among the top gainers. Semiconductor chip stocks continued to strengthen, with CHIPPACKING, CMS, Nations rising over 10%, and Fine Made, SM Micro, JIANGSU JIEJIE MICROELECTRONICS, Novosense, and SG Micro seeing gains of over 7%" datetime: "2026-01-28T08:34:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273921785.md) - [en](https://longbridge.com/en/news/273921785.md) - [zh-HK](https://longbridge.com/zh-HK/news/273921785.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273921785.md) | [繁體中文](https://longbridge.com/zh-HK/news/273921785.md) # The Shanghai Composite Index fluctuated and rose, "Meta concept stocks" surged, the gold and silver sector saw widespread limit-ups, the Hang Seng Index rose over 1% to reach a nearly five-year high, and tech stocks rebounded Affected by the major order won by Corning, the pioneer of optical communication and a well-established glass manufacturer, along with factors such as rising prices of storage chips, A-share CPO, memory, and other computing hardware stocks surged significantly. As the US dollar fell to a four-year low and geopolitical tensions continued, international gold prices soared again, leading to a sustained explosion in the A-share precious metals sector. On January 28, the A-share market showed a mixed trend in the morning session, with the Shanghai Composite Index slightly up, while the Shenzhen Component Index and the ChiNext Index opened high but turned to decline. CPO, memory, chip semiconductors, and other computing hardware stocks rose. The precious metals sector continued to explode. The Hong Kong stock market performed strongly, with the Hang Seng Index rising over 1% in the morning session, reaching a new high since 2021. The Hang Seng Tech Index fluctuated upward, with most tech stocks rebounding, and sectors such as semiconductors and non-ferrous metals were active. In the bond market, government bond futures fluctuated upward. In terms of commodities, domestic commodity futures showed a mixed performance, with Shanghai gold rising over 2% and lithium carbonate falling over 2%. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index rose 0.29%, the Shenzhen Component Index fell 0.19%, and the ChiNext Index fell 0.24%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index rose 1.08%, and the Hang Seng Tech Index rose 0.54%. > > > > **Bond market**: Government bond futures fluctuated upward. As of the time of writing, the 30-year main contract rose 0.07%, the 10-year main contract remained flat, the 5-year main contract rose 0.01%, and the 2-year main contract fell 0.01%. > > > > **Commodities**: Domestic commodity futures showed mixed results. As of the time of writing, the shipping index rose nearly 5%, asphalt and Shanghai gold rose over 2%, fuel oil, aluminum oxide, Shanghai silver, Shanghai aluminum, and Shanghai tin rose over 1%, while rubber, soybean meal, rapeseed, and caustic soda saw slight increases. Manganese silicon, pulp, platinum, hot-rolled coils, rebar, industrial silicon, glass, iron ore, eggs, Shanghai copper, and polysilicon fell, with coking coal, coke, palladium, and stainless steel down over 1%, and lithium carbonate and Shanghai nickel down over 2%. > > **10:10** The precious metals sector continued to explode, with gold stocks experiencing widespread trading limits, including Zhaojin Mining, Sichuan Gold, and Western Gold all hitting the limit. **** The non-ferrous metal sector also surged, with silver and Yuguang Gold Lead hitting the daily limit. **** In terms of news, as geopolitical tensions continue and uncertainties surrounding Trump's tariff policies increase, funds are flowing into gold as a safe haven. The continuous decline of the US dollar index provides further support for gold. International gold has strongly broken through the $5,200 mark. According to an article mentioned by Wallstreetcn, investor concerns about the unpredictability of US policies are deepening, with the US dollar exchange rate against major currencies falling to a four-year low. At this time, US President Trump is not worried. He stated on Tuesday that the dollar is performing well and he is not concerned about the dollar's decline, expecting fluctuations in the exchange rate. **10:01** The Hang Seng Index's gains expanded to 1.2%, reaching a new high since 2021. **09:36** A-share semiconductor chip stocks continued to strengthen, with CHIPPACKING, CMS, and Nations rising over 10%. Fine Made, SM Micro, JIANGSU JIEJIE MICROELECTRONICS, Novosense, and other stocks rose over 7%. **09:31** CPO and other computing hardware stocks opened strongly, with YOFC hitting the daily limit, T&S rising over 14%, and EverProX, HTGD, ZTT, and FiberHome leading the gains. In terms of news, on January 27, Wendell Weeks, CEO of Corning, stated that **Meta has committed to paying Corning up to $6 billion by 2030 for fiber optic cable procurement for its AI data centers**. To meet the growing demands of Meta and giants like NVIDIA, OpenAI, Google, Amazon, and Microsoft, Corning is expanding the factory. **09:26** The SSE Index opened up 0.25%, and the ChiNext Index rose 0.51%. The precious metals sector continued to strengthen, with China Gold and Hunan Gold hitting the daily limit; computing hardware themes were active, with advanced packaging and CPO leading the gains; the photovoltaic industry chain is undergoing a correction. **09:12** The Hang Seng Index opened up 0.73%, and the Hang Seng Tech Index rose 0.56%. Mingming Hen Mang opened up 88% on its first day of listing. JD.com, Kingsoft, BYD, and Lenovo rose over 1%, while HSBC Holdings and Zijin Mining rose over 2% **09:16** The central parity rate of the Renminbi against the US dollar is reported at 6.9755, an increase of 103 points, the largest increase since August, and the strongest level since May 17, 2023; the previous trading day's central parity rate was 6.9858, the previous trading day's official closing price was 6.9576, and the night session reported a closing price of 6.9545 ### Related Stocks - [NSING (300077.CN)](https://longbridge.com/en/quote/300077.CN.md) - [Fullgoal SSE Composite ETF (510210.CN)](https://longbridge.com/en/quote/510210.CN.md) - [Fine Made (300671.CN)](https://longbridge.com/en/quote/300671.CN.md) - [HTGD (600487.CN)](https://longbridge.com/en/quote/600487.CN.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md) - [EverProX (300548.CN)](https://longbridge.com/en/quote/300548.CN.md) - [SM Micro (688699.CN)](https://longbridge.com/en/quote/688699.CN.md) - [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md) - [CMS (688380.CN)](https://longbridge.com/en/quote/688380.CN.md) - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) - [FiberHome (600498.CN)](https://longbridge.com/en/quote/600498.CN.md) - [China Southern Hang Seng ETF (513600.CN)](https://longbridge.com/en/quote/513600.CN.md) - [Guotai SSE Composite ETF (510760.CN)](https://longbridge.com/en/quote/510760.CN.md) - [SG Micro (300661.CN)](https://longbridge.com/en/quote/300661.CN.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [abrdn Physical Gold Shares ETF (SGOL.US)](https://longbridge.com/en/quote/SGOL.US.md) - [Yinhua MSCI China A ETF (512380.CN)](https://longbridge.com/en/quote/512380.CN.md) - [CHIPPACKING (688216.CN)](https://longbridge.com/en/quote/688216.CN.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/en/quote/518850.CN.md) - [ProShares Ultra Gold (UGL.US)](https://longbridge.com/en/quote/UGL.US.md) - [Invesco DB Precious Metals (DBP.US)](https://longbridge.com/en/quote/DBP.US.md) - [JIANGSU JIEJIE MICROELECTRONICS (300623.CN)](https://longbridge.com/en/quote/300623.CN.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [abrdn Physical PrecMtlBsk Shrs ETF (GLTR.US)](https://longbridge.com/en/quote/GLTR.US.md) - [T&S (300570.CN)](https://longbridge.com/en/quote/300570.CN.md) - [ZTT (600522.CN)](https://longbridge.com/en/quote/600522.CN.md) - [Tianhong CSI Computer Theme ETF (159998.CN)](https://longbridge.com/en/quote/159998.CN.md) - [YOFC (601869.CN)](https://longbridge.com/en/quote/601869.CN.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md) - [Novosense (688052.CN)](https://longbridge.com/en/quote/688052.CN.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) ## Related News & Research - [05:10 ETBest Gold Investment for Beginners (2026): Priority Gold Named Leading Platform for Gold IRAs and First-Time Buyers by Better Business Advice](https://longbridge.com/en/news/281622297.md) - [Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages](https://longbridge.com/en/news/281611124.md) - [Tech Wrap March 30: OPPO Find X9 Ultra, WhatsApp on CarPlay, Blaupunkt](https://longbridge.com/en/news/281041030.md) - [Draft IT regulations may widen govt oversight on social media content](https://longbridge.com/en/news/281133616.md) - [Govt proposes to bring independent news creators under MIB purview](https://longbridge.com/en/news/281049326.md)