Market Overview - The market experienced a significant fluctuation with all three major indices dropping into the red after an initial rise [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion yuan, an increase of 251.3 billion yuan compared to the previous trading day [1] - Over 3,900 stocks in the market saw declines, indicating a broad market weakness [1] Sector Performance - The lithium battery industry chain showed strong performance, with Tianji Co. achieving three consecutive trading limits in four days, and other stocks like Hongyuan Pharmaceutical and Yongxing Materials also hitting trading limits [1] - The commercial aerospace concept remained active, with Shenjian Co. achieving seven consecutive trading limits and Jiuding New Materials achieving four consecutive trading limits [1] - The photovoltaic sector saw localized gains, with companies like GCL-Poly Energy and Yijing Photovoltaic hitting trading limits [1] - The Hainan Free Trade Zone concept was notably active, with Hainan Development achieving five trading limits in six days [1] - Conversely, the computing hardware sector underperformed, with Changguang Huaxin dropping over 10% [1] Index Performance - At the close, the Shanghai Composite Index fell by 0.19%, while the Shenzhen Component Index rose by 0.17%, and the ChiNext Index decreased by 0.15% [1]

午后商业航天概念人气股中国卫星封涨停，走出3连板，续创历史新高，总市值逼近1000亿。 ...

每经AI快讯，12月26日，商业航天概念午后再度走强，中国卫星冲击涨停，股价创出历史新高，总市 值逼近千亿大关；中国卫通涨近7%。 （文章来源：每日经济新闻） ...

Market Performance - On December 26, the Shanghai Composite Index experienced a slight decline of 0.19%, while the ChiNext Index fell by 0.15%. In contrast, the Shenzhen Component Index rose by 0.17% [1] - The total market turnover reached 1.4648 trillion yuan, an increase of 252.9 billion yuan compared to the previous day [1] Sector Performance - The AI industry chain saw a collective pullback, with CPO, liquid cooling, and high-speed copper concepts leading the declines. Technology themes such as robotics and photolithography also underwent a general correction [1] - Conversely, the lithium battery industry chain surged, with the non-ferrous metals sector accelerating. Companies like Luoyang Molybdenum and Zijin Mining reached historical highs in stock prices [1] - The commercial aerospace concept began to show signs of differentiation in performance [1] ETF Performance - Mini-sized Hong Kong stock ETFs continued to rise, with GF Fund's Hang Seng ETF and Cathay Fund's Hong Kong Stock Connect 50 ETF increasing by 7.11% and 2.84%, respectively. Their latest premium/discount rates are 16.96% and 12.35% [1] - The non-ferrous and photovoltaic sectors strengthened, with Southern Fund's Non-Ferrous Metals ETF, Huatai-PineBridge Fund's Non-Ferrous 50 ETF, and Yinhua Fund's Non-Ferrous Metals ETF all rising by 3%. Additionally, Harvest Fund's New Energy ETF and Bosera Fund's New Energy Theme ETF increased by 2% [1] - The semiconductor and CPO sectors declined, with chip equipment ETFs, semiconductor equipment ETFs, and semiconductor device ETFs dropping by 1.6%. Communication ETFs and 5G communication ETFs fell by 1.6% and 1.43%, respectively [1]

锂电产业链逆势爆发 倍轻松大跌超13% 具体来看，锂电池产业链集体走强，天际股份（002759）实现8天4板，宏源药业（301246）、永兴材料（002756）等多股涨停，华盛锂电、 恩捷股份（002812）、天花新能等涨幅居前。 锂矿概念同步走高，中矿资源（002738）、国城矿业（000688）、天齐锂业（002466）等个股股价纷纷上扬。 消息面上，12月26日，碳酸锂主力合约盘中强势突破13万元/吨关口，创2023年11月份以来新高。 一则消息引爆，碳酸锂期货突破13万关口 12月26日，A股三大指数小幅低开后震荡上行，截至午盘涨跌不一，沪指跌0.19%，深成指涨0.17%，创业板指跌0.15%。沪深两市半日成交 额1.47万亿元，全市场超3900只个股下跌。 国际贵金属全线走强，黄金站上4500美元/盎司，白银再刷新高，铂金涨超8%。 个股方面，"智能按摩设备第一股"倍轻松盘中大幅跳水，截至午盘，该股大跌超13%。消息面上， 公司及实控人被立案。 白银再刷新高 国投白银LOF复牌一字跌停 12月26日，国际贵金属市场开市全线飘红。 现货黄金站上4500美元/盎司；现货白银再刷新高，盘中最高触及75美 ...

Market Performance - The Shanghai Composite Index experienced a slight decline of 0.19% in the morning session, while the ChiNext Index fell by 0.15%. In contrast, the Shenzhen Component Index rose by 0.17% [1] - The total market turnover reached 1.4648 trillion yuan, an increase of 252.9 billion yuan compared to the previous day's trading volume [1] Sector Performance - The AI industry chain saw a collective pullback, with CPO, liquid cooling, and high-speed copper concepts leading the declines. Technology sectors such as robotics and photolithography machines also underwent a general correction [1] - Conversely, the lithium battery industry chain surged, with the non-ferrous metals sector accelerating. Companies like Luoyang Molybdenum and Zijin Mining reached historical highs [1] - The commercial aerospace concept began to show signs of differentiation [1] ETF Performance - Mini-sized Hong Kong stock ETFs continued to rise, with GF Fund's Hang Seng ETF and Cathay Fund's Hong Kong Stock Connect 50 ETF increasing by 7.11% and 2.84%, respectively. Their latest premium/discount rates are 16.96% and 12.35% [1] - The non-ferrous metals sector remained strong, with Southern Fund's Non-Ferrous Metals ETF, Huatai-PineBridge Fund's Non-Ferrous 50 ETF, and Yinhua Fund's Non-Ferrous Metals ETF all rising by 3% [1] - The photovoltaic sector also showed strength, with Harvest Fund's New Energy ETF and Bosera Fund's New Energy Theme ETF both increasing by 2% [1] - The semiconductor sector declined, with chip equipment ETFs and semiconductor equipment ETFs falling by 1.6%. The CPO sector also saw a pullback, with communication ETFs and 5G communication ETFs dropping by 1.6% and 1.43%, respectively [1]

记者丨曾静娇 见习记者 林芊蔚 编辑丨吴桂兴 视频丨王学权 见习编辑陈泽楷 12月26日， A股三大指数小幅低开后震荡上行 ，截至午盘涨跌不一，沪指跌0.19%，深成指 涨0.17%，创业板指跌0.15%。沪深两市半日成交额1.47万亿元， 全市场超3900只个股下跌。 消息面上，12月26日， 碳酸锂主力合约盘中强势突破13万元/吨关口，创2023年11月份以来新 高。 一则消息引爆，碳酸锂期货突破13万关口 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3952.09 | 13554.07 | 1459.17 | | -7.53 -0.19% +22.66 +0.17% +1.21 +0.08% | | | | 科创50 | 创业板指 | 万得全A | | 1342.12 | 3234.63 | 6407.02 | | -6.94 -0.51% -4.72 -0.15% -2.87 -0.04% | | | | 沪深300 | 中证500 | 中证A500 | | 4643.95 7415.97 | | 5646.41 | | +1.41 +0.03% +5.2 ...

Core Viewpoint - The market experienced a significant fluctuation with all three major indices dropping after an initial rise, indicating volatility in investor sentiment and market dynamics [1][2] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion, an increase of 251.3 billion compared to the previous trading day [1][2] - Over 3,900 stocks in the market declined, reflecting a broad-based sell-off [1][2] Sector Highlights - The lithium battery industry chain showed strong performance, with Tianji Co. achieving three consecutive trading limits in four days, and other stocks like Hongyuan Pharmaceutical and Yongxing Materials also hitting trading limits [1][2] - The commercial aerospace sector remained active, with Shenjian Co. achieving seven consecutive trading limits and Jiuding New Materials reaching four consecutive limits, alongside gains for Jiayuan Technology and Zhongchao Holdings [1][2] - The photovoltaic sector saw localized gains, with companies like GCL-Poly and Yijing Optoelectronics hitting trading limits [1][2] - The Hainan Free Trade Zone concept was notably active, with Hainan Development achieving five trading limits in six days [1][2] Declining Sectors - The computing hardware sector underperformed, with Changguang Huaxin experiencing a decline of over 10% [1][2] Index Closing - At market close, the Shanghai Composite Index fell by 0.19%, while the Shenzhen Component Index rose by 0.17%, and the ChiNext Index decreased by 0.15% [1][2]

Market Overview - The Shanghai Composite Index fell by 0.19% to 3952.09, while the Shenzhen Component Index rose by 0.17% to 13554.07, and the ChiNext Index decreased by 0.15% to 3234.63 [2][3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion CNY, a significant increase of 251.3 billion CNY compared to the previous trading day [4] Sector Performance - The AI industry chain experienced a collective pullback, with sectors such as CPO, liquid cooling, and high-speed copper concepts leading the declines [3] - Conversely, the lithium battery industry chain surged, with companies like Luoyang Molybdenum and Zijin Mining reaching historical highs [4][8] - The commercial aerospace sector showed signs of differentiation, with stocks like Changjiang Communication and Youke De hitting the daily limit [6] Commodity Trends - Precious metals, including silver and gold, saw significant price increases, with silver surpassing 75 USD per ounce and gold exceeding 4530 USD per ounce, both reaching historical highs [15] - The futures market for palladium and platinum also showed strong performance, with palladium rising over 8% and platinum futures hitting a 9.99% increase [16] Notable Stocks - Zijin Mining's stock price increased by 3.47%, reaching 33.14 CNY, marking a historical high [8] - Jiangxi Copper's stock rose by over 7%, reflecting the overall strength in the non-ferrous metals sector [10]

Market Overview - The market experienced a pullback after an initial rise, with the Shanghai Composite Index closing at 3952.09 points, down 0.19%, and the Shenzhen Component Index at 13554.07 points, up 0.17% [1] - The trading volume was 589.4 billion yuan for the Shanghai market and 861.5 billion yuan for the Shenzhen market [1] Sector Performance - The lithium battery industry chain showed strong performance, with stocks like Tianji Co. gaining significantly [2] - The commercial aerospace sector was active, with stocks such as Shenjian Co. achieving multiple consecutive gains [2] - The photovoltaic sector saw some gains, with companies like GCL-Poly Energy and Yijing Photovoltaic hitting their daily limits [2] - Conversely, the computing hardware sector underperformed, with stocks like Changguang Huaxin dropping over 10% [2] Institutional Insights - Hengsheng Qianhai Fund noted that the recent appreciation of the RMB against the USD enhances the attractiveness of RMB assets, potentially increasing foreign investment in A-shares [4] - China International Capital Corporation (CICC) anticipates a marginal improvement in the photovoltaic supply-demand relationship by 2026, presenting investment opportunities in leading companies [4] - Galaxy Securities highlighted that the ongoing economic rebalancing and mild re-inflation could lead to significant excess returns in the Chinese stock market by 2026 [4] Policy Developments - The National Venture Capital Guidance Fund has officially launched, with regional funds established in key areas such as Beijing-Tianjin-Hebei and the Yangtze River Delta [5] - The National Energy Administration reported that as of November, the total installed power generation capacity reached 3.79 billion kilowatts, a year-on-year increase of 17.1% [6] - The National Development and Reform Commission is encouraging mergers and restructuring among major alumina and copper smelting enterprises to enhance competitiveness and optimize resource management [7][8]