记者丨金珊 庞华玮 编辑丨陈思颖 1月2日，2026年首个交易日，美国三大股指收盘涨跌不一，道指涨0.66%，标普500指数涨0.19%，纳指 跌0.03%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 48382.39 | 23235.63 | 6858.47 | | +319.10 +0.66% | -6.36 -0.03% | +12.97 +0.19% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7859.65 | 25396.50 | 6900.75 | | +329.91 +4.38% | -60.25 -0.24% | +8.25 +0.12% | 贵金属方面，现货黄金涨0.33%，报4332.5美元/盎司，COMEX黄金期货涨0.02%，报4341.90美元/盎 司。现货白银涨1.74%，报72.8美元/盎司，COMEX白银期货涨2.35%，报72.27美元/盎司。 国际油价方面，WTI 2月原油期货收跌0.17%，报57.32美元/桶。布伦特3月原油期货收跌0.16%，报 60.75美元/桶。 加密货币方面，多个主要币种 ...

Market Overview - On January 2, 2026, the U.S. stock market showed mixed results with the Dow Jones up by 0.66%, the S&P 500 up by 0.19%, and the Nasdaq down by 0.03% [1] - The Dow closed at 48,382.39, the Nasdaq at 23,235.63, and the S&P 500 at 6,858.47 [2] Sector Performance - Large tech stocks experienced more declines than gains, with Tesla seeing a continuous drop for seven trading days. Tesla reported a global delivery of 1.636 million vehicles in 2025, marking an 8.6% year-over-year decline, and was surpassed by BYD in annual electric vehicle sales for the first time [2] - Semiconductor stocks performed strongly, with the Philadelphia Semiconductor Index rising by 4.01%. Notable gains included Micron Technology up over 10%, ASML up over 8%, Intel up over 6%, TSMC up over 5%, and AMD up over 4% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 4.38%, indicating a positive start to the year for Chinese stocks. Key performers included Baidu Group up over 15%, Pony.ai up over 10%, and several others showing significant gains [4] Commodity Prices - Gold prices increased slightly, with spot gold rising by 0.33% to $4,332.50 per ounce, while silver rose by 1.74% to $72.80 per ounce [4] - In the oil market, WTI crude oil futures for February fell by 0.17% to $57.32 per barrel, and Brent crude for March fell by 0.16% to $60.75 per barrel [5] Cryptocurrency Market - Major cryptocurrencies saw collective gains, with Bitcoin surpassing the $90,000 mark, reflecting a 1.87% increase [6] Foreign Investment Outlook - Foreign institutions maintain a positive outlook on Chinese assets, with predictions of a 38% increase in the Chinese stock market by the end of 2027 [7] - Investment opportunities are expected to be highly structured, focusing on technology innovation, green energy transition, and high-quality brands benefiting from consumer recovery [8]

*美股三大股指涨跌互现 *芯片股领涨，美光科技飙高10.5%，英伟达涨1.3% 2日，美股涨跌不一。截至收盘，道指涨319.10点，涨幅0.66%，报48382.39点；纳指跌6.36点，跌幅 0.03%，报23235.63点；标普500指数涨12.97点，涨幅0.19%，报6858.47点，打破了过去三年标普500指 数在新年首个交易日均以下跌收盘的惯例。 作为2026年的首个交易日，美股整体交投相对清淡，盘中走势较为平稳，科技板块仍带动市场波动的主 要力量。不过，整体波动幅度有限，为因节假日而缩短的本周交易画上句号。周四（元旦）美股休市。 芯片股走势强劲，英伟达收高1.26% 日内龙头科技股以下跌为主，拖累纳指微幅收跌。奈飞收跌2.95%，微软跌2.21%，亚马逊跌1.87%， Meta跌1.47%，苹果跌0.31%，谷歌母公司Alphabet收高0.69%。 *中国资产一飞冲天，百度大涨15%，纳斯达克中国金龙指数飙高4.4% 新年首个交易日 有市场分析指出，受到消费者对马斯克政治立场不满情绪升温、美国电动汽车购车税收优惠到期以及海 外市场竞争加剧等多重因素影响，特斯拉在2025年失去全球最畅销电动汽车 ...

Group 1: Semiconductor Stocks Performance - U.S. semiconductor stocks experienced a significant rally, with the Philadelphia Semiconductor Index rising over 4.5% [2] - ASML surged more than 8%, reaching a historical high, while Micron Technology and Intel both increased by approximately 8% [2] - Other notable gainers included ARM and AMD, which rose nearly 6% [2] Group 2: Chinese Stocks Surge - Chinese stocks listed in the U.S. saw a collective surge, with the Nasdaq Golden Dragon China Index increasing by nearly 3.9% [5] - Baidu's stock skyrocketed over 12% after submitting a mainboard listing application for its subsidiary Kunlun Chip [5] - Other Chinese companies like Yatsen and NetEase also saw significant gains, with increases around 7% [5] Group 3: Precious Metals and Commodities - Precious metals, particularly gold, experienced a sudden pullback after reaching $4,400, currently hovering around $4,336, with a slight increase of 0.4% [7] - Silver also saw a rise of 4% at one point but later adjusted to a 2% increase [7] Group 4: Oil Market Decline - Crude oil futures collectively declined, with WTI and ICE Brent both dropping over 1.2% [11] - Current prices for WTI and ICE Brent are $56.70 and $60.11, reflecting decreases of 1.25% and 1.22% respectively [11] Group 5: Cryptocurrency Market Recovery - The cryptocurrency market is witnessing a rebound, with Bitcoin surpassing $89,000 and Ethereum, SOL, and XRP all increasing by over 2% [12] - Dogecoin saw a notable rise of over 10% [12] - A total of over 90,000 individuals faced liquidation, amounting to $235 million, with more than 78% being short liquidations [12]

Market Performance - On January 2, 2026, U.S. stock indices closed mixed, with the Nasdaq down 0.03%, S&P 500 up 0.19%, and Dow Jones up 0.66% [1] - The Nasdaq China Golden Dragon Index rose by 4.38%, marking a strong start to the year [5] Technology Stocks - Star tech stocks showed mixed performance, with ASML up nearly 9% and Micron Technology up over 10%, both reaching all-time highs [2] - Tesla's stock fell by 2.59% to $438.07, resulting in a market cap loss of $38.75 billion (approximately 271 billion RMB) [2] - Tesla reported Q4 2025 delivery of 418,227 vehicles, a 16% year-over-year decrease, and a total annual delivery of 1.64 million vehicles, down 8.6% year-over-year [2] Chinese Stocks - Major Chinese concept stocks saw gains, with Baidu up 15%, Bilibili and NetEase up over 7%, Alibaba up over 6%, and JD.com up nearly 3% [7] - A report indicated that the strong performance of Chinese assets at the start of 2026 reflects a continuation of the structural bull market from 2025, with a focus on sectors like semiconductors, AI, and smart hardware [9] Investment Outlook - Goldman Sachs predicts a 38% upside potential for the Chinese stock market by the end of 2027, citing improved core risks compared to previous years [10] - The report highlights factors such as global economic recession risks, AI's irrational exuberance, and domestic policy changes as uncertainties that could affect market trends [10] Commodities - Spot gold prices fell to $4,332.85 per ounce after briefly surpassing $4,400, while silver prices dropped below $74 [12] - The rise in gold prices was attributed to expectations of interest rate cuts by the Federal Reserve and ongoing geopolitical tensions [14] - WTI crude oil futures settled down 0.17% at $57.32 per barrel, and Brent crude oil futures fell 0.16% to $60.75 per barrel [14]

Group 1 - The U.S. stock market opened higher but turned negative, with the Nasdaq initially rising over 1% before declining [1] - Semiconductor stocks in the U.S. saw significant gains, with the Philadelphia Semiconductor Index rising over 4.5%, including major players like Nvidia, Intel, and ASML [1] - Tesla's stock price dropped nearly 1.8% after reporting a fourth-quarter delivery of 418,227 vehicles, a year-on-year decline of 16%, and an annual delivery of 1.64 million vehicles, down over 8% [1] Group 2 - Chinese concept stocks surged, with the Nasdaq Golden Dragon China Index rising nearly 4%, and notable increases in stocks such as Baidu (up over 12%) and iQIYI (up over 9%) [3] - The Hong Kong stock market experienced a strong opening, with the Hang Seng Index rising 2.76% and the Hang Seng Technology Index up 4.0%, driven by sectors like AI, semiconductors, and consumer electronics [5] - The offshore RMB exchange rate against the U.S. dollar strengthened, surpassing 6.97, marking a new high since May 2023 [5]

Market Overview - US stock indices opened higher, with the Nasdaq rising over 1.2% as of 23:00 Beijing time [1][10] - The Philadelphia Semiconductor Index surged over 4.5%, with ASML hitting a historical high, increasing by over 8% [2][12] Semiconductor Sector - Notable gains in semiconductor stocks include: - ASML: +8.75% - Micron Technology: +8.06% - Intel: +7.68% - AMD: +5.81% [3][12][13] Chinese Stocks - The Nasdaq Golden Dragon China Index rose nearly 3.9%, with Baidu surging over 12% after submitting a listing application for its subsidiary Kunlun Chip [4][12] - Other significant movers in Chinese stocks include: - Yatsen: +8.10% - NetEase: +7.41% - Alibaba: +4% [4][14] Precious Metals - Precious metals experienced a sudden pullback, with gold reaching a peak of $4,400 before settling around $4,336, reflecting a slight increase of 0.4% [4][15] - Silver also saw fluctuations, initially rising 4% but later adjusting to a 2% increase [4][16] Oil Market - Crude oil futures collectively declined, with WTI and ICE Brent both dropping over 1.2% [7][17] Cryptocurrency Market - Cryptocurrencies continued to rebound, with Bitcoin surpassing $89,000 and Ethereum, SOL, and XRP all increasing by over 2% [8][18] - Dogecoin saw a significant rise of over 10% [8][18]

Group 1: US Stock Market and Chip Sector - The US stock market indices opened strongly, with the Nasdaq rising over 1.2% as of 23:00 [1] - Notable gains in the chip sector include ASML up 8.75%, Micron Technology up 8.06%, and Intel up 7.68% [2] - The Nasdaq China Golden Dragon Index surged nearly 3.9%, with Baidu's stock increasing over 12% after submitting a listing application [2][3] Group 2: Precious Metals and Commodities - Precious metals experienced a sudden pullback, with gold reaching a peak of $4,400 before settling around $4,336, reflecting a 0.4% increase [3] - Silver initially rose by 4% but later adjusted to a 2% increase [3] - Crude oil futures saw a collective decline, with WTI and ICE Brent both dropping over 1.2% [8] Group 3: Cryptocurrency Market - The cryptocurrency market showed signs of recovery, with Bitcoin surpassing $89,000 and Ethereum, SOL, and XRP all increasing by over 2% [8][9] - Dogecoin experienced a significant rise of over 10% [9] - A total of $235 million in liquidations occurred, with over 78% attributed to short positions [10] Group 4: Future Market Trends - Analysts predict that AI will continue to drive US stock market growth into 2026, shifting from pure computational hype to profit realization [12] - There are concerns about valuation disparities, regulatory risks, and potential underperformance of technology [12] - The trend of capital moving towards Asian markets is expected to persist, with a focus on structural opportunities in China, including hard technology and domestic demand growth [12]

Market Performance - On January 2, US stock indices opened higher, with the Dow Jones up 0.19%, S&P 500 up 0.58%, and Nasdaq Composite up 1.03% [1] - The Philadelphia Semiconductor Index surged over 3.5%, with ASML rising over 7% and Micron Technology increasing nearly 6% [2] Company Highlights - Tesla's Q4 delivery volume was 418,227 vehicles, a 16% year-over-year decrease, with production at 434,358 vehicles, down 5.5% year-over-year [2] - Chinese stocks saw significant gains, with the Nasdaq Golden Dragon China Index soaring 4%, and notable increases in companies like Baidu (up 11.35%) and Alibaba (up 4.55%) [2] Hong Kong Market - The Hang Seng Tech Index rose 4% by the end of the trading day, with the Hang Seng Index up 2.76%, driven by sectors such as electric equipment, domestic retail, and gaming software [4] A-Share Market Outlook - Analysts predict a strong rebound in the A-share market by 2025, driven by improving corporate earnings and technological innovations, with a focus on four main investment themes [4] - The Chief Investment Officer of China Merchants Fund highlighted the attractiveness of Chinese assets for global allocation in 2026, emphasizing sectors with competitive manufacturing leaders and improving supply-demand dynamics [4] Chinese Market Predictions - Goldman Sachs forecasts a 38% upside potential for the Chinese stock market by the end of 2027, citing improved investability and reduced core risks compared to previous years [5] - Factors such as global economic recession risks, AI-driven market fluctuations, and evolving domestic policies are noted as uncertainties that could impact market trends [5]

Market Overview - On January 2, US stock indices opened higher, with the Dow Jones up 0.19%, S&P 500 up 0.58%, and Nasdaq up 1.03% [1] - The Philadelphia Semiconductor Index surged over 3.5%, with ASML rising over 7%, Micron Technology up nearly 6%, and AMD increasing over 4% [2] Tesla Performance - Tesla reported fourth-quarter deliveries of 418,227 vehicles, a year-on-year decrease of 16%, against an estimate of 440,907 vehicles; production for the quarter was 434,358 vehicles, down 5.5% year-on-year, with an estimate of 470,780 vehicles [2] - For the entire year, Tesla's delivery volume was 1.64 million vehicles, a decrease of 8.6% year-on-year, compared to an estimate of 1.6 million vehicles [2] Chinese Stocks Performance - Chinese stocks saw significant gains, with the Nasdaq Golden Dragon China Index soaring 4%; notable increases included Baidu up 11.35%, Futu Holdings up 6.84%, and Alibaba up 4.55% [2] Hong Kong Market - The Hang Seng Tech Index rose 4% by the end of the trading day, while the Hang Seng Index increased by 2.76%, with sectors like electric equipment, domestic retail, gaming software, semiconductors, and military industry leading the gains [4] A-Share Market Outlook - Predictions for the A-share market indicate a strong performance in 2025, with expectations for continued rebound into 2026 driven by improving corporate profits, technological innovations, and attractive valuations [4] - The Chief Investment Officer of China Merchants Fund highlighted four main investment opportunities: globally competitive manufacturing leaders, industry leaders with improving supply-demand dynamics, undervalued sectors with potential for significant fundamental changes, and industry leaders with high long-term returns but mismatched valuations [4] Goldman Sachs Forecast - Goldman Sachs forecasts a 38% upside for the Chinese stock market by the end of 2027, asserting that the Chinese market is investable [4] - The report identifies key uncertainties that could disrupt the upward trend, including global recession risks, AI-related market volatility, US-China relations, domestic policy changes, and inflation trends [4]