On January 8th, the A-shares opened lower in the morning, with all three major indices collectively declining at the beginning of the session. The ChiNext Index once fell nearly 1%, while the semiconductor sector continued to be active, and sectors such as brokerages and insurance adjusted. The Hong Kong stock market's Hang Seng Index and Hang Seng Tech Index also fell, with the Hang Seng Tech Index dropping over 1%. The &#34;first global large model stock,&#34; Zhipu, opened over 3% higher on its first day of listing but has since retreated. TianShu ZhiXin opened over 31% higher on its first day of listing. In the bond market, government bond futures rose across the board. In terms of commodities, most domestic commodity futures rose, with coking coal and coke experiencing another surge. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index fell 0.20%, and the ChiNext Index fell 0.33%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 1.29%, and the Hang Seng Tech Index fell 1.14%.
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Bond market: Government bond futures generally rose. As of the time of writing, the 30-year main contract rose 0.12%, the 10-year main contract rose 0.03%, the 5-year main contract rose 0.02%, and the 2-year main contract remained flat.
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Commodities: Domestic commodity futures rose broadly. As of the time of writing, coking coal rose over 7%, coke rose 4%, lithium carbonate rose over 3%, glass, palladium, rebar, hot-rolled coils, and eggs rose over 1%. Industrial silicon, iron ore, asphalt, caustic soda, ferrosilicon, stainless steel, rubber, fuel oil, and alumina also increased, while Shanghai gold and platinum fell. Shanghai aluminum, silver, pulp, and copper fell over 1%, and polysilicon dropped 4%.
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News: As of January 7th, the margin balance of the Shanghai and Shenzhen stock exchanges reached 26,047.42 billion yuan, breaking through 2.6 trillion yuan for the first time, an increase of 24.842 billion yuan from the previous trading day, marking the highest single-day increase since October 10, 2025. Since the beginning of the year, the market's margin balance has increased for three consecutive trading days, totaling an increase of 64.060 billion yuan.
10:05
The brain-computer interface concept fluctuated and rebounded during the session, with Nanjing Panda achieving a four-day limit-up. Previously, Pulit and Innovation Medical also had four consecutive limit-ups, and Aipeng Medical rose over 10%, with LuYan Pharmaceutical, Hainan HaiYao, YanShan Technology, and Saily Medical following suit.
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On January 6th, in the field of brain-computer interfaces, the &#34;unicorn&#34; company QiangNai Technology announced the completion of approximately 2 billion RMB in financing. This financing scale is second only to Neuralink, owned by Elon Musk, ranking as the second largest in the global brain-computer interface financing scale.
10:04
The semiconductor industry chain is experiencing a strong rebound, with Silicon Power, Haiguang Information, and Zhongke Lanxun rising over 10%, while Zhenlei Technology, Chipone, Xinyuan Micro, Cambricon, and Muxi shares all rose over 5%.
09:43
The Hang Seng Index and the Hang Seng Technology Index have expanded their declines to 1%. Hua Hong Semiconductor rose over 5% against the trend, while SMIC rose over 2%; Lenovo Group and Kuaishou fell over 3%.
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09:39
Nuclear fusion concept stocks surged, with CFHI, Snowman Group, and China Nuclear Engineering hitting the daily limit. Hongxun Technology has seen two consecutive limit-ups, with Jingye Intelligent and Rongfa Nuclear Power following suit.
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09:36
In the early session, computing power chip concepts strengthened, with Haiguang Information rising nearly 10%, and Huadong Heavy Machinery, Dongxin Co., Yuntian Lifa, Cambricon, and Moore Threads all climbing.
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In news, the Ministry of Industry and Information Technology and seven other departments issued the &#34;Implementation Opinions on the Special Action of 'Artificial Intelligence + Manufacturing'.&#34; It proposed to strengthen the supply of computing power for artificial intelligence. It aims to promote the coordinated development of intelligent chips in software and hardware, and support breakthroughs in key core technologies such as high-end training chips, edge inference chips, artificial intelligence servers, high-speed interconnection, and intelligent cloud operating systems.
09:32
The semiconductor sector has strengthened again, with Zhongke Lanxun, Jinhaitong, Junda Co., Haiyou New Materials, and Liandong Technology rising.
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09:31
The ChiNext Index fell over 1%, the Shanghai Composite Index fell 0.27%, and the Shenzhen Component Index fell 0.72%. The brokerage, insurance, retail, and CPO sectors saw the largest declines, with over 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets falling.
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09:30
Government bond futures opened, with the 30-year main contract rising 0.02%, the 10-year main contract rising 0.04%, the 5-year main contract rising 0.03%, and the 2-year main contract rising 0.02%
09:27
The Shanghai Composite Index opened down 0.2%, and the ChiNext Index fell 0.63%. The non-ferrous metals and brokerage sectors led the declines, while commercial aerospace concept stocks corrected, and brain-computer interface and innovative drug themes were active.
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09:21
The Hang Seng Index opened down 0.59%, and the Hang Seng Tech Index fell 0.44%.
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Alibaba, Baidu, Tencent Music, and others fell over 1%, with Tencent Holdings down nearly 1%. Zhipu opened over 3% higher on its first day of listing, TianShuZhiXin opened over 31% higher on its first day, and JingFeng Medical rose over 36% on its first day of listing.
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601106

09903

601611

The semiconductor sector strengthened again, with Zhongke Lanxun, Jinhaitong, Junda Co., Ltd., Haiyou New Materials, and Liandong Technology rising. In the early trading session, the computing chip concept surged, with Haiguang Information up nearly 10%, and Huadong Heavy Machinery, Dongxin Co., Ltd., Yuntian Lifeng, Cambrian, and Moore Threads also climbing. Fusion energy concept stocks exploded, with CFHI, Snowman Group, and CNEC hitting the daily limit. Hongxun Technology achieved two consecutive limit-ups, with Jingye Intelligent and Rongfa Nuclear Power following suit

Wallstreetcn

CFHI

ILUVATAR COREX

CNEC

The ChiNext Index fell by 1%, while semiconductors strengthened again. The Hang Seng Index dropped by 1%. On its first trading day, "the world's first stock of large models," Zhipu, opened more than 3% higher, and TianShu ZhiXin opened more than 31% higher on its first trading day