Index rebounded, ChiNext and tech innovation soared.
Shanghai Composite hit a low of 2867.72, close to the crucial 2863.65, lifted by an invisible force.
Wednesday's review hinted at today's surge, but the process differed. Expecting a breakthrough, the index rose without breaking first, suggesting Thursday's rebound isn't a reversal.
![图片1](https://production-app-asset.traderknows.com/images/b18e01d8ba9a4d8c90e82b5db47fb3ee.width-500.png?Expires=1728305294&Signature=R6GGN7V5y7NpwbCpkc8JkKddplJEK2YCJW2zUMQVyjwg4jxIIo9a~Q8dVl2xS~k4UHyTeevHvNg43GW~t9aewJqXYd6E1DmxUHJf-fE0c~Cz5wgAB1x96nFAJAqbn9j7cDmq6P8mtgw2LOi2UHMLFQeAX0~59pyCn9RPBVnVfiyRAoVKVy2VmnlbY6pZ7rLPJiqPNqCqExP~tygLM0c9JqQ6jEvciSio6ApuvejNcIUX1vq3g5sHXRurcCdVJlfpAHBxuy1pHY-ReuEmEJGb90HcPO4YpjJD6PNgDPqem1w0bWjY75ll9FQceHttHZ8n0YKdqr0sT4fN0fRu7bmc~Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
Emotional stability in continuous boards.
Long Bai Mountain weakened, reduced to 4 continuous boards.ZTE Business resisted massive selling pressure, with expectations of continued limit-up supported by companies like Guofang Group and Shen Zhonghua.
Hot sectors:
HarmonyOS concept surged, with over 10 stocks like Yuhua Electronics, Chuangshi Technology, and Constant Mountain North Bright Education hitting the limit.
CRO rose over 4%, driven by a research service agreement between CRDMO and BioNTech.
New energy stocks like lithium batteries surged, influenced by Core Lithium's announcement and a 6.4% rise in lithium carbonate futures.
![图片2](https://production-app-asset.traderknows.com/images/adcd1a4b9cdc4702bc9205f0d988a68a.width-500.png?Expires=1728305294&Signature=lO-ab5Fd21DBRP3qGTj-2gm6J8qi85heiIP9zYFv9TnlqSvuvIWTcWX2rJNYWs6LvRnYEjjMsaRXfQGKH4-Ynkxra77y82-uGNQqRkgCdaiOK-vnnNgD2z2bSCRcrBff2FG5yh2AxBJ6EOteBfk-DkieZKpIUgdC0nyrGs9QzIPNzAH9qcOw2FVL6iTdfLP73vYXR-qRxmvi~IJ7zJNtMDKARqcm7ZXM6oDZxDcugOUSmEPMRAutcO4ln5dFUdAUFH~ZmiaPehLwIfn0XmflxVFNCv6yjjOq3L1j9Andqy4OeWzSfwPsZ3gpcYRh8h~vCCIFezZEpwTkztBp7u0oow__&Key-Pair-Id=K3LHBTUA5A7KEY)
Flying cars:
Xpeng's flying car showcased at CES, boosting stocks like Guangyang, Prince New Materials, and Wanfeng Owning to a novel concept, these stocks may see heightened activity.
Digital currency:
SEC approved 11 Bitcoin spot ETFs, pushing stocks like Zhidu and Jida Zhengyuan to the limit. Overshadowed by HarmonyOS, it's a defined rebound with premium gains in the front and followers chasing highs in the back.
Computing power and data elements:
High-tech development, Shenzhen Sangda, and Direct Truth Technology hit the limit.Despite the rebound, without breaking the downtrend, it's advisable to reduce holdings.
New retail:
Frontline promotion is strong, but the overall performance is average, with funds flowing into new energy and general technology.
If the index stagnates later, short-term funds may retract. Watch for adjustments during corrections.
![图片3](https://production-app-asset.traderknows.com/images/88315c2e9c494caf9b5e9d930c05246a.width-500.png?Expires=1728305294&Signature=lUHnXhPrwqHzBgbkKUH42lihPtwxBXghQrR9WzMJ2orhwqh~zNRIOV6cFcn98rv4YZFbUPVm3xyw~-FsoUjUK3Wlqk~ZqHj80BdIvpBqAisX074-fqlem~82TsJFruyfDHxe0gmJPvBh6KfQfVVXqABkk29JqoAvwJNTKNNYzzqOSY3HtfWTGhYhCpmWdrkL0BwKWW8OKgKdKq9S4zvC9ttS1LzDhR9ntn~qnHF6wSWerFHXl~dHVmWoX4HWlxOXAD28pBeXXITCFTcrV5NiBphuEZecFmGjcJBd40E9~OM7ICD11DD8j0fOXkvsDEQ7Z6zcTVN1iNrYHwaT0jDnxA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Summary:
ChiNext broke first, indicating a short-term bottom. Shanghai Composite's bottom features are unclear, and further declines may occur. Focus on fund inflows into sectors like new retail.