Market Overview
On Tuesday (Jan 6, 2026), the A-share market continued its strength. The Shanghai Composite Index opened 0.06% higher and extended gains, breaking through the November 14, 2025 high to set a new high since late July 2015, demonstrating strong upward momentum. The Hang Seng Index also performed well, rising over 1% in the morning session, driven primarily by tech and resource stocks.
Hot Sector Analysis
Continued Momentum in Frontier Tech:
- Artificial Intelligence: NVIDIA open-sourced its first autonomous driving reasoning model, Alpamayo 1, at CES, pushing AI applications deeper into embodied intelligence and autonomous driving. Concurrently, OpenAI-backed 1X Technologies launched the household robot Neo, marking a new era in home automation.
- Brain-Computer Interface (BCI): Related concept stocks extended gains from the previous session, with stocks like Innovation Medical and Sanbo Brain Hospital hitting limit-up, indicating high market interest in frontier biotech.
Strong Performance in Resource Cyclicals:
- Non-Ferrous Metals: London copper prices surpassed $13,090 per ton, setting a new all-time high, directly boosting copper stocks like Jiangxi Copper. Palladium and platinum futures also rose significantly.
- Lithium: Boosted by multiple positive factors, lithium carbonate futures surged 8% intraday, stimulating a broad higher opening for related lithium mining stocks.
Other Points of Note:
- JD.com surged over 7% in Hong Kong, leading the gains among Hang Seng Index constituents.
- A Reuters survey showed analysts generally expect the crude oil market to remain under supply surplus pressure in 2026, with the average Brent price forecast lowered to $61.27/barrel.
- Brokerage estimates indicate approximately 50 trillion yuan in medium-to-long-term time deposits will mature in 2026, and the flow of these funds could have a profound impact on capital markets.
Market Perspective
The current market exhibits a clear dual-mainstream pattern of "tech growth" and "resource cycles." On one hand, technological innovations represented by AI, robotics, and BCI continue to spawn new investment themes. On the other hand, expectations for a global manufacturing recovery and structural shortages of certain resources are driving prices higher for commodities like copper and lithium, bringing earnings elasticity to related sectors. The Shanghai Composite's breakthrough of a key psychological and technical level is expected to further boost market risk appetite. Investors may focus on quality targets within these main themes that align earnings with valuation, while also monitoring the potential impact of massive maturing deposits on incremental fund flows.
This article does not constitute any investment advice. The stock market involves risks, and investment requires caution!