A股单日成交额突破3.6万亿元

Market Overview - On January 12, the total trading volume of the Shanghai and Shenzhen stock markets reached 3.6 trillion yuan, marking the highest single-day trading amount in history. However, the current trading volume is still significantly lower than the historical peak observed during the "9.24" market period in 2024 [1][4]. Investor Sentiment - There is a strong bullish sentiment among domestic and foreign institutions, with many foreign investment firms expressing a more favorable view towards Chinese assets. This shift indicates a significant change in overseas investors' attitudes [3][8]. Sector Performance - The "technology bull" characteristics remain prominent in the market, with high-tech sectors such as media, computer, defense, and communication leading the gains on January 12. This mirrors the sector performance during the historical peak on October 8, 2024 [6][5]. Institutional Insights - Institutions are generally optimistic about the market outlook, with discussions at the recent China Chief Economist Forum focusing on the revaluation opportunities for Chinese assets as the yuan gradually appreciates. There is a consensus on the structural opportunities in the technology growth sector [7][8]. Foreign Investment Trends - International investors are increasingly interested in participating in the Chinese market, with a 32% year-on-year increase in investor attendance from regions including the US, Europe, the Middle East, and Africa at recent forums. By the third quarter of 2025, the underweight position of foreign capital in Chinese stocks has narrowed from -2.5% to -1.3% [9]. Market Dynamics - Looking ahead to 2026, the A-share market is expected to experience structural differentiation, characterized by industry, profit, and demand disparities. Key investment themes include high-value manufacturing, global expansion of Chinese consumer goods, and the impact of passive investment flows on index-weighted stocks [10].