炸裂开年！恒生科技涨超4%！半导体多点开花，新股首日爆拉110%！机构力挺中国资产全球配置价值

Group 1: Semiconductor Sector Performance - The Hong Kong semiconductor sector experienced significant growth on the first trading day of 2026, with multiple stocks performing well, including Wallen Technology, which saw an increase of over 110% at one point [6][7]. - Wallen Technology's stock opened at HKD 35.7 and reached a market capitalization exceeding HKD 90 billion, marking it as the third GPU company to go public in a month [7]. - Huahong Semiconductor announced plans to acquire a 97.4988% stake in Huali Microelectronics and will raise funds through a stock issuance to enhance its technological capabilities [8][9][11]. Group 2: Baidu's Strategic Moves - Baidu plans to spin off its Kunlun Chip business and has submitted a listing application to the Hong Kong Stock Exchange, aiming to capitalize on the growing AI chip market [11][12]. - Morgan Stanley predicts that Baidu's Kunlun Chip revenue will surge from approximately RMB 1.3 billion in 2025 to RMB 8.3 billion in 2026, representing a sixfold increase [13]. Group 3: Precious Metals Market Outlook - Precious metals, including gold and silver, have seen a collective rise, with gold prices reaching around USD 4,375 per ounce, supported by factors such as potential U.S. interest rate cuts and a weakening dollar [15][16]. - Analysts expect continued upward momentum for gold prices in 2026, with Goldman Sachs projecting a price increase to USD 4,900 per ounce [16]. Group 4: Chinese Asset Market Projections - The Chinese asset market is anticipated to have a strong rebound in 2026, driven by improving corporate earnings and technological innovations, with a focus on four main investment themes [17][18]. - Goldman Sachs forecasts a 38% upside for the Chinese stock market by the end of 2027, citing factors such as easing core risks and increased international investor interest [19].