On January 19th, the A-shares fluctuated and rose in the early trading session, with the three major stock indices collectively strengthening at the beginning. The electric grid equipment and precious metals sectors surged. The Hong Kong stock market opened lower and continued to decline, with both the Hang Seng Index and the Hang Seng Tech Index falling, while tech stocks adjusted and new consumption concepts rebounded. In the bond market, government bond futures showed divergence. In terms of commodities, most commodity futures fell, with Shanghai tin down over 6% and lithium carbonate down over 4%. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index %, the Shenzhen Component Index %, the ChiNext Index %.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index fell 0.86%, and the Hang Seng Tech Index fell 0.74%.
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Bond market: Government bond futures fluctuated and fell. As of the time of writing, the 30-year main contract fell 0.23%, the 10-year main contract fell 0.01%, the 5-year main contract fell 0.02%, and the 2-year main contract remained flat.
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Commodities: Most domestic commodity futures declined. As of the time of writing, Shanghai silver rose 2%, Shanghai gold rose 1%, while fuel oil, palladium, industrial silicon, soybean meal, rapeseed, and asphalt rose. Pulp, polysilicon, stainless steel, alumina, Shanghai aluminum, Shanghai copper, hot-rolled coil, platinum, and ferrosilicon fell. Rebar, rubber, coke, eggs, caustic soda, glass, and Shanghai nickel fell over 1%, the container shipping index and iron ore fell over 2%, lithium carbonate fell nearly 4%, and Shanghai nickel fell 6%.
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10:16
The electric grid equipment sector saw a surge in limit-up stocks, with SOJO hitting the limit-up, and YN Power, NB KBE, Hongxiang Co., Mingyang Electric, and Huazi Technology rising over 10%. HLGF, SENYUAN ELECTRIC, Dalian Electric Porcelain, and China XD also hit the limit-up.
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10:07
The tourism and hotel concept rose, with Jiuhua Tourism hitting the limit-up, and Junting Hotel, Dalian Shengya, Shoulu Hotel, Songcheng Performance, Jinjiang Hotel, and Changbai Mountain following suit.
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On the news front, as the winter vacation and the 2026 Spring Festival holiday approach, the tourism market continues to heat up. According to the latest data from Spring and Autumn Tourism, as of now, the number of travel bookings for the winter vacation and Spring Festival holiday has exceeded the same period last year.
10:01
In the early trading session, AI application stocks rebounded, with Bainian Qiancheng rising over 10%. Previously, Tiandi Online hit the daily limit, Giant Network reached the daily limit, and Haitan Ruisheng, Dean Diagnostics, Jiechuang Intelligent, Keda Guochuang, and BlueFocus followed suit.
On the news front, OpenAI recently announced plans to test advertising placements in the free tier and Go subscription tier in the United States in the coming weeks.
09:54
Precious metal concepts performed actively, with Sichuan Gold rising over 9%, and Zhongjin Gold, Shanjin International, Chifeng Gold, Shengda Resources, and Chaohongji following suit.
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On the news front, international gold and silver prices both hit historical highs on the 19th. The London spot gold price once broke through USD 4,690 per ounce, and the spot silver price once surpassed USD 94 per ounce.
09:45
Robot concept stocks performed actively, with Fenglong Co., Ltd. achieving 14 consecutive limits, Okeyi hitting the daily limit, and KBE, Huayan Precision Machinery, and Huazi Technology rising over 10%, while Wuzhou Xinchun and Aobi Zhongguang rose over 5%.
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09:21
The Hang Seng Index opened down 0.76%, at 26,641.60 points; the Hang Seng Technology Index fell 0.77%. JD Health dropped nearly 3%, while Bilibili and Alibaba fell over 2%.
09:15
The central parity rate of the RMB against the USD was reported at 7.0051, reaching a new high in over 32 months, up 27 points from the previous trading day's central parity of 7.0078, and the previous trading day's official closing price of 6.9690, with the night session closing at 6.9720

002498

300863

601179

300444

002358

The power grid equipment has triggered a surge limit, with SOJO reaching a 20% limit up, YN Power, NB KBE, Hongxiang Co., Mingyang Electric, and Huazi Technology rising over 10%, while hlgf, SENYUAN ELECTRIC, Dalian Electric Porcelain, and China XD hit the limit up. The tourism and hotel concept is rising, with Jiuhua Tourism hitting the limit up, and Junting Hotel, Dalian Shengya, Shoulu Hotel, Songcheng Performance, Jinjiang Hotel, and Changbai Mountain following suit

- On January 19, A-shares rose amid fluctuations, driven by gains in power grid equipment and precious metals, while the Hong Kong market fell with notable drops in tech stocks.  
- Government bonds showed mixed results, while most commodity futures declined, particularly lithium carbonate and nickel.  
- There was significant activity in several sectors, including tourism, AI applications, and robotics, with travel bookings surpassing last year's numbers as the holiday season approaches.

Wallstreetcn

hlgf

NB KBE

China XD

SOJO

SENYUAN ELECTRIC

The Shanghai Composite Index rose by 0.5%, a surge in power grid equipment triggered a limit-up trend, the RMB central parity rate reached a new high in over 32 months, the Hang Seng Index fell by 0.6%, tech stocks adjusted, and Shanghai tin dropped over 5%