80% 0.2 70% 60% 0.15 50% 0.1 40% 30% 0.05 20% 0 10% 2025-10-25 2025-08-25 2025-09-25 2025-11-25 2025-12-25 0% HV5 - -HV20 HV60 5日 20日 40日 60日 120日 波动率微笑曲线 上证50下月平值隐波 0.28 2602 2601 0.26 0.4 0.24 0.22 0.3 0.2 0.18 0.16 0.2 0.14 0.12 0.1 0.1 0.0 2450 2550 沪深300波动率分析 沪深300历史波动率 历史波动率锥 0.25 ·30%分位值 最小值 10%分位值 最大值 . 当前值 90%分位值 ·60%分位值 0.2 100% 90% 0.15 80% 70% 0.1 60% 50% 0.05 40% 30% 20% 0 10% 2025-08-25 2025-09-25 2025-10-25 2025-11-25 2025-12-25 0% HV5 - HV20 HV60 5日 20日 60日 120日 40日 波动率微笑曲线 沪深300下月平值隐波 0.26 ...

2026.01. 13 本文字数：1345，阅读时长大约2分钟 作者 | 一财阿驴 11:31 A股午盘丨创业板指半日跌0.83% 截至午盘，沪指跌0.03%，深成指跌0.31%，创业板指跌0.83%，科创综指跌1.55%。 | 代码 | 名称 | 两日图 | 现价 | 消費 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 5 NN | 4163.84 | -1.44 | -0.03% | | 399001 | 深证成指 | १ | 14321.80 | -45.11 | -0.31% | | 399006 | 创业板指 | 1 50 W | 3360.23 | -28.11 | -0.83% | | 000680 | 科创综指 | NVW | 1826.70 | -28.68 | -1.55% | 盘面上，商业航天概念股大幅下挫；算力硬件产业链走低，CPO、服务器方向领跌；稳定币、核聚 变、光伏、智能驾驶等题材纷纷下跌。AI应用、锂矿、黄金、CRO概念股活跃。 沪深两市半日成交额2.44万亿，较上个交易日放量1283亿。全市场超 ...

1月12日的A股继续高歌猛进，大幅上涨，成交额约为3.64万亿元，超越2024年10月8日创下的3.47万亿元，成为新的A股单日成交额新纪录。 据Wind统计，A股成交额突破3万亿元此前总共发生了6次，分别是2024年10月8日，2025年8月25日、8月27日、8月28日和9月18日，2026年1月9日。 来源：智通财经 编辑：王洁 审核人：卜子华 审签人：王璟晋 Wind 统计 值得注意的是，从2025年12月中旬以来，A股持续上攻，沪指已经连续17连阳。 推动A股1月12日上涨的动力源自AI应用题材全线爆发，商业航天概念股持续发酵。 展望2026年，兴业基金认为，A股市场或将持续向好，科技预计仍是市场的核心主线。从全球视角来看，一方面，目前资本市场依旧处在相对有利的宏观 环境之中，主要经济体呈现稳健增长态势，宏观经济总体风险偏小；另一方面，全球利率环境也利于资本市场，绝大部分国家利率水平仍将维持偏低位 置，美联储在2026年仍有一定的降息空间。同时，根据目前已公布的数据，2026年美国人工智能相关资本开支仍会维持较高增速，科技股仍有望成为全球 资本市场的龙头板块。 | 庭号 | 日博 | | | | - ...

Market Performance - The A-share market experienced a strong upward trend with over 4,100 stocks rising, closing with the Shanghai Composite Index up by 1.09%, the Shenzhen Component Index up by 1.75%, the ChiNext Index up by 1.82%, and the Sci-Tech Innovation Board Index up by 2.88% [1][7]. Sector Highlights - AI application stocks surged across the board, with notable stocks such as BlueFocus, Hand Information, Puyuan Information, and Keda Guochuang hitting the daily limit [2][3]. - The commercial aerospace sector continued its strong performance, with China Satellite and China Satcom both reaching new highs [5]. Stock Performance - Significant stock movements included: - Zhongcheng Technology up by 30.00% to 41.60 - Xingtai Measurement and Control up by 29.99% to 130.16 - Liujin Technology up by 29.92% to 9.51 - Parallel Technology up by 21.07% to 187.00 - BlueFocus up by 20.02% to 20.62 - Keda Guochuang up by 20.01% to 48.52 [4][6]. Capital Flow - Main capital inflows were observed in sectors such as computer, media, gaming, and securities, while outflows were noted in non-ferrous metals, electronics, and real estate [9]. - Specific stocks with net inflows included Dongfang Caifu, Lingyi Intelligent Manufacturing, and China Satellite, with inflows of 1.655 billion, 1.642 billion, and 1.435 billion respectively [9]. Institutional Insights - Citic Securities indicated that the A-share market is experiencing a rise in both volume and price, suggesting patience for future gains [9]. - Cailian Press noted that the year-end market trend may continue, but short-term technical correction risks are increasing [9]. - Flash Gold Asset Management emphasized that while short-term fluctuations may intensify, the positive trend in technology remains unchanged [9].

Group 1 - The AI mobile concept continues to show strong performance, with companies like Da Ming Optical achieving a four-day consecutive rise, and Fu Rong Technology seeing a two-day consecutive rise. Other companies such as Mei Xin Sheng, ZTE, Transsion Holdings, and Zhongshi Technology also opened high [1] - The A-share market opened with all three major indices declining slightly, with the Shanghai Composite Index down 0.14%, the Shenzhen Component Index down 0.13%, and the ChiNext Index down 0.04% [2][3] - In the market, sectors such as lithium battery electrolyte, superhard materials, photolithography machines, 6G, commercial aerospace, and CPO concept stocks weakened, while cross-strait integration and AI application themes strengthened [3] Group 2 - The Hong Kong stock market opened with the Hang Seng Index up 0.6% and the Hang Seng Tech Index up 0.76%. Tech stocks generally performed well, with Alibaba and Kuaishou rising over 3%, while new energy vehicle stocks weakened, with NIO falling over 6% [4] - The central bank conducted a 7-day reverse repurchase operation of 156.3 billion yuan at an interest rate of 1.4%, with 302.1 billion yuan of reverse repos maturing on the same day [5] - The central parity rate of the RMB against the US dollar was reported at 7.0794, depreciating by 35 basis points from the previous trading day's rate of 7.0759 [6]