The ChiNext Index rose more than 1%, with a significant increase in the Hongmeng concept, a surge in computing power stocks, and a 10% surge in WUXI BIO in the Hong Kong stock market.
The concept of Hongmeng in A-shares, digital currency, pork, computing power, and AI sectors have seen the highest increase, while the coal, real estate, oil and gas, and infrastructure sectors have seen the highest decline.
[10:17 Update]
The three major A-share indexes are all in the green, with the ChiNext Index up more than 1%.
The Hang Seng Index has expanded its gains to 1%, with the Hengkang Index up more than 2%. WUXI BIO in the Hong Kong stock market is up more than 11%.
In the A-share market, the Hongmeng concept, digital currency, pork, computing power, and AI sectors are leading the gains, while the coal, real estate, oil and gas, and infrastructure sectors are leading the declines.
The computing power stocks in the A-share market are surging. Gaoxin Development and Zhizhen Technology have both hit the daily limit, while EmbedWay, Zhongbei Communication, Jinji Stock, and Inspur Information are all on the rise.
Huawei concept stocks continue to rise, led by the Hongmeng direction. Multiple stocks, including Chuangshi Technology, Changshan Beiming, Chuanzhi Education, Zhidu Shares, Gaoxin Development, Lidaxin, and Jida Zhengyuan, have hit the daily limit, and YAHUA Electronics is up more than 15%.
In terms of news, on January 10th, JD.com and Huawei announced their cooperation and officially launched the development of native HarmonyOS applications, further improving the HarmonyOS ecosystem. The native version of the JD.com app based on HarmonyOS NEXT will provide consumers with a smoother, smarter, and safer shopping experience through seamless integration and native intelligence.
On January 18th, Huawei will hold an important event for HarmonyOS, unveiling new developments in the HarmonyOS ecosystem and HarmonyOS NEXT.
[The following is the 9:45 update]
On Thursday, January 11th, the three major A-share indexes showed mixed performance. The Shanghai Composite Index opened at 2873.80 points, down 0.14%. The Shenzhen Component Index opened at 8918.23 points, down 0.05%. The ChiNext Index opened at 1744.30 points, up 0.06%. The CSI 50 Index fell 0.3%.
As of the time of writing, the Shenzhen Component Index has turned positive, with the ChiNext Index up 0.26% and the CSI 50 Index up 0.68%.
Hong Kong stocks opened higher, with the Hang Seng Index up 0.35% and the Hang Seng Tech Index up 0.18%.
As of the time of writing, the Hang Seng Tech Index continued to strengthen.
In the A-share market, the pork, travel, pharmaceutical, and chip sectors performed well, while the banking, liquor, and coal sectors saw declines.
In the Hong Kong stock market, the CRO concept led the gains, while the oil and gas stocks and Apple concept weakened.
WUXI BIO surged 10%, rising to 15% at the opening. In terms of news, WUXI BIO added 132 new projects in 2023, bringing the total number of projects to 698 (including 9 Phase III and commercialization projects, as well as 24 CMO projects). These projects validate the trust and recognition of customers in the company's CMO capabilities and scale, and the increase in CMO projects will further enhance the company's recent earnings.
Recovery in the breeding sector
Xinwufeng rose more than 8%, and Shennong Group rose more than 5%.
Collective rise in the pharmaceutical sector, surge in CRO concept
Baihua Pharmaceutical hit the limit up, Kanglong Huacheng rose more than 8%, Kailaiying, Taige Pharmaceutical, and Pharmaron all opened more than 6% higher.
Active trading in the data element sector
Inspur Information, China Software, and Unisplendour Corporation all rose more than 1%.
In terms of news, the U.S. Securities and Exchange Commission (SEC) has approved the first-ever Bitcoin spot ETF, authorizing the trading of 11 ETFs starting on Thursday. Read more.
Ice and Snow Tourism Concept Continues to Heat Up
Changbai Mountain surged over 7% and hit the limit up for 8 consecutive days, while Dalian Shengya rose over 5%.
Coal Stocks Weaken in Early Trading
Xinji Energy fell 3%, while Yunmei Energy, Jinkong Coal, and China Shenhua all dropped over 1%.
Banking Stocks Decline
Rui Feng Bank, Construction Bank, Agricultural Bank, and Industrial and Commercial Bank all declined.
Shipping Weakens, Shipping Index Opens Higher and Rises 3%
COSCO Shipping Energy, COSCO Shipping Holdings, and Ningbo Shipping all experienced slight fluctuations.
The Shipping Index (Europe) opened 6% higher and is currently up about 3%, at 1793.9 points.
