The three major A-share indices fell collectively, real estate stocks rebounded, the Hang Seng Index and the Hang Seng Tech Index both dropped over 1%, technology stocks generally declined, chip stocks rose against the trend, and Shanghai silver plummeted 7%
Wallstreetcn·- A-share real estate stocks rebounded as the National Bureau of Statistics reported a narrowing decline in residential sales prices in January across first, second, and third-tier cities. - The market experienced risk aversion following concerns about AI disrupting business models and a significant drop in U.S. existing home sales, leading to sell-offs in stocks and commodities. - As of the report, A-share indices were down 0.39%, with substantial declines in Hong Kong stocks, the bond market showed mixed results, and most domestic commodity futures fell sharply.The Shanghai Composite Index fell slightly, AI applications triggered a surge in limit-up stocks, real estate rose strongly, the Hang Seng Index turned positive, tech stocks adjusted, and Shanghai gold and silver surged
Wallstreetcn·- The recent launch of the trillion-parameter MoE model Kimi K2.5 has led to a significant rebound in AI application stocks, with companies like iFlytek hitting their trading limits. - Several real estate companies are reportedly no longer required to submit monthly "three red lines" data, making the real estate sector particularly active in morning trading. - On January 29, A-shares exhibited mixed trends, with the Shanghai Composite Index slightly down and the ChiNext Index rising, while domestic commodity futures saw widespread gains, especially in gold.