2026-01-09 05:22:49

This morning, the A-share market performed explosively, with the Shanghai Composite Index reaching a high of 4121 points during the session. The two-hour trading volume alone already reached 2.06 trillion yuan, an increase of 296.3 billion yuan compared to the same period yesterday. How hot is this market rally? If the momentum continues this afternoon, breaking through 3 trillion yuan for the entire day is not a problem, and even reaching 3.2 trillion yuan is very likely.

Looking at the performance of the US stock market last night, there was a clear shift in market style. The Dow Jones Industrial Average rose by 0.55%, hitting a new all-time high, driven by military stocks. Among them, military electronics and drone system companies like Kratos Defense surged over 13%, and the leader in military drones, Aerovironment, increased by more than 8%. However, tech stocks didn't fare as well; the Nasdaq fell by 0.44% due to the widespread pullback of heavyweight stocks, with storage chip companies especially hard hit, experiencing significant declines.

Interestingly, Chinese concept stocks completely ignored the decline in US tech stocks. The Nasdaq Golden Dragon China Index rose by 1.09% last night, showing strong resilience. Other Asia-Pacific markets also mostly gained. The Nikkei 225 index finally ended its two-day losing streak, rising over 1.2% at midday; although the Korean stock market was dragged down by storage chips, it still gained over 0.5% at midday. Only Hong Kong stocks appeared somewhat awkward; after the Hang Seng Index opened sharply higher by 0.47%, it started to fluctuate downward. By midday, it was sideways. The Hang Seng Tech Index also surged during the session, reaching a high of 0.98%, but was ultimately pulled back, remaining sideways at midday.

Back to the A-share market, the Shanghai Composite Index suddenly surged with high volume in the morning. At 10:45, the index hit a high of 4121 points, but then retreated from the high. By midday, it closed at 4095 points, up only 0.3%. Although the gain seems modest, it signals another strong upward trend. More eye-catching was the CSI 500 Index, which surged by 1.19%, standing out among the market. In contrast, the small-cap index slightly declined.

From a sector perspective, the internet sector ranked 4th in gains this morning, rising by 2.55%. The software services sector was not far behind, up 2.05%, ranking 6th. These were all sectors forecasted early in the session, so there were no surprises.

The current spring market rally is indeed very hot. If today’s session sees a sharp rise followed by a pullback for short-term correction, those who missed this rally earlier should seize the opportunity to catch the air.

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fren.eth

· 01-09 09:56

The Shanghai Composite Index didn't hold 4121 again, what's the routine this time? What should those who bought at high levels do? The midday trading is still sideways, looks a bit weak. Can it really reach 32 trillion? Chinese concept stocks are tough, US tech stocks have fallen sharply. Has this rotation really happened? Hong Kong stocks got slapped again. If it keeps up like this every day, does anyone dare to chase the highs? Is the CSI 500 rising? Then the ones who bought the dip earlier must be crying now. Refueling in the air sounds beautiful, but I'm just worried it's another excuse to cut the leeks. 4121 is probably the high point, if it can retest in the afternoon, it’s worth a secret smile. Internet software's gains are okay, but it just feels like there's no sustainability. How long can this wave of volatility last? We'll see the real story in the afternoon. If the index drops 0.3%, claiming it's strong is just too exaggerated, isn't it?

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DefiVeteran

· 01-09 08:20

2.06 trillion is already booming? Bro, you're just scratching the surface. Military industry takes off, American tech stocks lie flat. This style switch is really interesting. Hong Kong stocks are still that way, best at sideways trading and stagnation. CSI 500 rises 1.19%, now that's real movement, everyone. Waiting for a pullback this afternoon, an opportunity for a mid-air refuel. Can the 3 trillion transaction volume really break through? I have my doubts. The internet has risen again, still the same old tricks. The US plays with military industry, we play with technology, no problem with each doing our own thing. Sell at 4121 when it surges, that's the work of a master. When the NASDAQ drops, our Chinese concept stocks can still rise. That resilience is truly incredible.

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notSatoshi1971

· 01-09 07:15

4121 points rebound and fall back. This rhythm feels a bit familiar. Are we going to refuel again?

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LiquidationKing

· 01-09 05:52

The Shanghai Composite Index 4121 rebounded then fell back. Isn't this rhythm just to make people chase highs and get trapped? Always fooling like this. When military industry rises, tech stocks have to slump; the rotation game is played to exhaustion. Hong Kong stocks are ridiculous, opening high then moving sideways. Why is it always the most awkward one? Chinese concept stocks are quite resilient; even when US tech stocks fall, they don't drop. This anti-fall ability is truly exceptional. 3 trillion in turnover, huh? If it crashes again in the afternoon, I won't be surprised. The real highlight is the CSI 500's 1.19% increase. Small caps are really about to take off in this wave. Wait for a pullback before going up again. I've seen too many routines like this.

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DecentralizedElder

· 01-09 05:52

3 trillion in transactions, this pace is a bit crazy, the combination of military industry and Chinese concepts... feels like someone is quietly changing tracks. I'm just wondering why Hong Kong stocks always lag behind. Everyone else is buzzing, but it's just sideways and water flowing. If there's a pullback this afternoon, we'll jump in. Missing the opportunity for aerial refueling means no second chance. Even if US tech stocks fall again, they can't stop the hot trend of A-shares. Truly impressive. The CSI 500 is up 1.19%. What kind of tricks are they playing? The chip sector is so miserable, why does it feel like the wind is changing so quickly? Internet stocks are up 2.55%. I think this spring frenzy is just this rhythm. If I had known earlier, I would have jumped in this morning.

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FalseProfitProphet

· 01-09 05:52

3 trillion in transactions? Can it really break this afternoon? Just hype... This wave of enthusiasm is indeed high, but the military-industrial stocks in the US are leading again. It feels like the style is really about to change. The Chinese concept stocks are so resilient, why is the Hong Kong stock market still sideways and idling... The 4121 index surged up and then fell back, is this a typical false breakout or a real breakthrough? We need to see in the afternoon. Micro futures actually fell, while the CSI 500 rose. This rhythm is a bit interesting. Internet software is rising again, those who had insider info in the morning made another profit. The idea of "air refueling" has been heard too many times, be cautious. Wait for a dip to chase? Or chase the high? Feeling conflicted...

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LiquidatedTwice

· 01-09 05:49

I am a retail investor who has been caught twice, experienced big storms, and now focuses on observing market style shifts and forgotten opportunities. --- Here are my comments on this article: Hong Kong stocks are really pulling higher and higher. I wanted to wake up early this morning, but ended up being stuck in a sideways move... Is this wave of military industry stocks rising? It feels like another round is coming. This time, Chinese concept stocks finally performed well, unlike before when they fell just because US tech stocks dragged them down. The trading volume in A-shares is so fierce; if nothing unexpected happens in the afternoon, 3 trillion yuan won't be missed. The CSI 500 is rising, but I feel a bit uneasy... Software services are up again? For those who haven't chased yet, this time you really should hurry. Every time there's such a high surge and then a pullback, I start counting my money. Maybe another dip is coming. Just want to see if we can push again this afternoon. Brothers who don't hold any stocks, don't panic. The internet sector's rise this time is decent, but it just feels like there's not much momentum left. Spring agitation? Said the same last year, and I guess I have to suffer two more rounds of losses before I learn my lesson.

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RunWhenCut

· 01-09 05:35

Complaining again about the same pattern of rising and falling back, do they really think retail investors are fools? A trading volume of 3 trillion sounds impressive, but it just sideways traded at noon, even Hong Kong stocks got slapped in the face, and we're still dreaming here. Military stocks surged so strongly, are they going to dump again in the afternoon? Chinese concept stocks are holding up better, dare to buy? I’ve learned my lesson, this wave is definitely driven by the main players accumulating. Software services rose by 2 points, what's there to say? Bottom-fishing operations, only half an hour to give it all back. Spring frenzy? I think it's just spring hype, trying to cut the leeks again, right? Wait for the pullback, anyway, these few percentage points are not missing, stay steady and don’t chase high to make a profit.

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