Core Viewpoint - The South Korean stock market is experiencing an unprecedented "revival-style surge" in 2025, with the Kospi index rising over 76% year-to-date, making it the best-performing major stock index globally [3][4]. AI Investment Theme - The biggest winners in the AI investment theme are not traditional chip manufacturers but industrial stocks associated with AI, such as Hyosung Heavy Industries and Doosan Enerbility, both of which have seen stock prices rise over 330% this year [5][6]. - Goldman Sachs predicts a significant increase in global data center electricity demand driven by AI, with a forecasted expansion of 175% by 2030, emphasizing the critical role of electricity in AI infrastructure [6][7]. Storage Chip Leaders - Samsung Electronics and SK Hynix have solidified their positions as the largest weight stocks in the Kospi index, with Samsung's stock rising 125% and SK Hynix's stock increasing by approximately 268% this year [8][10]. - The demand for high-performance storage chips, particularly HBM and enterprise-level NAND, is expected to continue growing, with a "storage supercycle" anticipated to last until at least 2027 [9][10]. Defense and Military Sector - The global military spending surge, driven by geopolitical tensions, has led to significant interest in South Korean defense contractors, with companies like Hanwha Aerospace seeing stock prices rise nearly 200% this year [11][12]. - The international rearmament trend is expected to sustain military stock performance over the next 2-3 years, positioning it as a core driver of stock market growth [11]. K-Beauty Sector - APR Corp., a newcomer in the K-Beauty sector, has seen its market value soar by 369%, outperforming established brands like Amorepacific Corp. and LG H&H [13]. - The success of APR is attributed to its innovative sales approach focused on social channels and user experience, contrasting with traditional retail methods [13]. Gaming Sector Struggles - Despite the overall market rally, South Korean gaming developers like Krafton and Com2uS have faced significant declines, with Krafton's market value shrinking by about 20% and Com2uS down over 30% [14][15]. - Concerns over limited appeal in the Asian market and competition from Chinese rivals have led investors to shift their focus away from these gaming stocks [14][15].

Core Viewpoint - The global supply shortage of storage chips, driven by surging demand for artificial intelligence infrastructure, is leading investors to bet on further price increases in storage chips, resulting in a collective rise in stock prices of major storage chip suppliers [1][3]. Group 1: Supply and Demand Dynamics - Samsung's co-CEO stated that the current supply shortage is "unprecedented," with other manufacturers echoing similar warnings about the tight supply situation potentially lasting for months [1][3]. - Manufacturers are shifting production capacity towards high-bandwidth memory chips for AI servers, causing a tightening of supply for flash memory chips used in devices like USB drives and smartphones [1][3]. - According to TrendForce, prices for some storage chip categories have doubled since February of last year, attracting many traders who believe there is still room for price increases [1][3]. Group 2: Stock Performance - Micron Technology's stock rose approximately 2% in early trading on Monday, while SK Hynix and Samsung Electronics saw their stock prices close up nearly 3% and 7.5%, respectively [1][3]. - Samsung Electronics' stock doubled last year, and SK Hynix's stock surged nearly threefold [4]. - Smaller competitors like Western Digital, Applied Digital, and Seagate also saw their stock prices rise over 3%, with SanDisk's stock increasing by about 1.5% [5]. Group 3: Market Outlook - Analysts from Morningstar and JPMorgan expect the current "super cycle" in the storage chip market to potentially last until 2027 [5]. - Micron's CEO indicated that the supply tightness in the storage chip market is expected to persist until after 2026, with the company's stock soaring 240% in 2025, significantly outperforming the industry benchmark index's 42% increase [1][3].

Group 1 - The core viewpoint of the article emphasizes that in 2025, investing in mainstream indices yielded positive returns due to a favorable monetary policy environment, with significant gains in various asset classes, particularly gold and silver [2][4]. - Major global indices showed substantial growth, with the Hang Seng Index leading at 27.77%, followed by the Nikkei 225 at 26.18%, and the Shanghai Composite Index at 17.66% [5]. - Despite overall positive performance, there were notable fluctuations and risks throughout the year, including significant drawdowns in major indices due to various market events [11]. Group 2 - The investment landscape in 2025 was characterized by a structural shift towards technology and metals, with AI and advanced manufacturing sectors leading the market, while traditional sectors like coal and real estate lagged [13][14]. - Successful investing in 2025 required a diversified approach and the ability to select the right assets amidst rapid market rotations [15]. - Investor psychology played a crucial role in determining returns, with common pitfalls including emotional decision-making and mismanagement of market expectations [16][22]. Group 3 - Looking ahead to 2026, the article suggests that the prevailing low-interest-rate environment will continue to favor risk assets, encouraging investors to adopt a diversified investment strategy across various asset classes [24][25]. - The article highlights the importance of long-term investment strategies, such as dollar-cost averaging and dynamic rebalancing, to mitigate short-term market volatility and capture asset rotation opportunities [28].

Market Overview - The A-share market opened strongly in 2026, with the Shanghai Composite Index surpassing 4000 points, closing up 1.38% [1] - The total trading volume reached 2.57 trillion yuan, an increase of 501.5 billion yuan compared to the previous trading day [1] - The market saw over 4100 stocks rise, indicating broad-based gains across sectors [1] Historical Context - The Shanghai Composite Index achieved a record 12 consecutive daily gains from December 17, 2025, to January 5, 2026, marking the longest streak since 1993 [3] - Previous records included an 11-day streak in 2006 and 2017-2018, while extreme cases like the 99-day streak in 1991-1992 are less relevant due to the smaller market size at that time [3] Sector Performance - The brain-computer interface sector led the market, with over thirty stocks hitting the daily limit up, including Sanbo Brain Science and Meihao Medical [6] - The insurance sector also saw significant gains, with Xinhua Insurance and China Pacific Insurance reaching new historical highs [6] - The commercial aerospace sector remained active, with stocks like Reco Defense and China Satellite Communications showing strong performance [6] - The semiconductor industry showed strength, with stocks such as Yaxin Integration and Shenghui Integration hitting the daily limit up [6] Investment Insights - Analysts suggest focusing on the pressure level around 4034 points for potential breakthroughs, indicating a continuation of the short-term bullish trend [5] - The brain-computer interface sector is expected to benefit from policy support, with the inclusion of high-end medical devices in priority approval lists [8] - The semiconductor market is projected to benefit from ongoing supply shortages and strong demand, with companies like Micron expected to perform well [16] Future Outlook - Goldman Sachs released a report recommending an overweight position in Chinese stocks for 2026, highlighting structural growth in exports and investment rebound supported by policy [18] - The report anticipates a 15% to 20% annual increase in the Chinese stock market for 2026 and 2027, driven by a focus on modernizing the industrial system and enhancing technological self-reliance [18]

②【美股存储芯片股走高】美股存储芯片股走高，美光科技涨超3%，西部数据涨超2%，SanDisk涨超2%。 ①【三大期指齐涨】道指期货涨0.06%、标普500指数期货涨0.23%、纳指期货涨0.52%。 每经记者｜岳楚鹏 每经编辑｜金冥羽 高涵 ⑨【黄仁勋和苏姿丰6日将做主题演讲】英伟达CEO黄仁勋将在北京时间1月6日早上5点做主题演讲。AMD CEO苏姿丰将在北京时间1月6日上午10点30分 做主题演讲。美国拉斯维加斯消费电子展（CES）将于太平洋时间时间1月6日开幕。 ⑩北京时间23:00，美国12月美国ISM制造业PMI发布。 ③【石油股普涨，美唯一在委运营石油公司雪佛龙涨超6%】石油股普涨盘前普涨。截至发稿，雪佛龙上涨6.84%，康菲石油公司上涨6.51%，埃克森美孚 上涨3.38%，西方石油公司上涨1.39%。消息面上，据新华社报道，1月3日特朗普在新闻发布会上宣布，将让美国大型石油公司进入委内瑞拉，投入数十 亿美元，修复严重破损的基础设施，尤其是石油基础设施，并开始创造收益。雪佛龙是目前唯一仍在运营委油田项目的美国大型油企。 ④【黄金股集体上涨】黄金股集体上涨。截至发稿，New Gold涨超5%，科 ...

每经AI快讯，1月5日，美股存储芯片股盘前走高，美光科技涨3.5%，闪迪涨超4%，西部数据涨3.5%。 ...

1、行情 2026年的第一个交易日，A股迎来指数集体大涨的"开门红"。 题材方面，脑机接口全天大爆发，三博脑科（20CM）、美好医疗（20CM）、岩山科技、创新医疗、南京熊猫等集体一字板，盈趣科技、翔宇 医疗（20CM）、荣泰健康、国际医学、爱朋医疗（20CM）、麦澜德（20CM）、诚益通（20CM）、伟思医疗（20CM）、迈普医学 （20CM）、博拓生物（20CM）、航天长峰、东方中科、狄耐克（20CM）、高德红外、冠昊生物（20CM）、新华医疗等先后涨停； 存储板块同样高开高走，云汉芯城（20CM）、兆易创新、恒烁股份（20CM）、普冉股份（20CM）等纷纷涨停，江波龙、香农芯创、中微公 司、开普云等涨超10%； AI应用再度走强，南兴股份3连板，利欧股份、蓝色光标（20CM）二连板，当虹科技（20CM）、引力传媒涨停，福昕软件、汉得信息、易点 天下、福石控股等集体大涨； 此外，航天板块全天小幅震荡，医疗、量子科技、算力等均有局部强势表现，海南板块大跌。 截至收盘，沪指、深成指、创业板指分别收涨1.38%、2.24%、2.85%，市场超4100股上涨，1100余股下跌，两市明显放量至2.5万亿。 2、脑机 ...

今日（1月5日），亚太主要股指全线大涨，日经225指数收盘上涨2.97%报51832.8点，韩国综合指数上 涨3.43%报4457.52点，续创历史新高。 A股市场迎来"开门红"，主要股指放量大涨，沪指12连阳，涨超1%重返4000点上方；科创50指数大涨超 4%。 具体来看，两市股指高开高走，创业板指涨近3%，科创50指数大涨超4%。截至收盘，沪指涨1.38%报 4023.42点，深证成指涨2.24%，创业板指涨2.85%，科创50指数涨4.4%，沪深北三市合计成交25674亿 元。 全A近4200股飘红，保险板块强势，新华保险大涨近9%，中国太保涨超7%，双双创出新高；人脑工程 概念爆发，倍益康、三博脑科、翔宇医疗、伟思医疗等逾10股涨停；创新药概念强势，乐普医疗、冠昊 生物等涨停，百济神州涨超10%；存储芯片概念活跃，恒烁股份、普冉股份等涨停；AI应用概念崛起， 当虹科技、蓝色光标等涨停。此外，锋龙股份连续7日涨停，雷科防务、南兴股份分别收获4连板和3连 板。 值得注意的是，今日A股市场近20股成交额超过100亿元，其中中国卫星、三花智控分别成交194.5亿 元、192.1亿元，分别位居成交额第一和第二 ...

新年首个交易日，A股直接点燃开门红行情！ 1月5日收盘，沪指涨1.38%收复4000点，走出12连阳；深证成指涨2.24%，创业板指涨2.85%，北证50指 数涨1.80%。沪深北三市成交25672亿元，较上个交易日放量5015亿元。全市场超4100只个股上涨，超 120股涨停。 创新药概念股集体大涨，冠昊生物以20%幅度涨停，板块热度持续升温； | | 1992年以来沪指连阳时间记录 | | --- | --- | | 连阳长度 | 时间区间 | | 12连阳 | 2025.12.17-2026.1.5 | | 11连阳 | 2017.12.28-2018.1.12 | | 11连阳 | 2006.6.15-2006.6.29 | | 11连阳 | 1992.5.5-1992.5.25 | | 12连阳 | 1992.2.25-1992.3.11 | | | 数据来源: Choice | 此外，游戏、商业航天、军工装备等板块盘中均表现强劲。 来源：上海证券报 沪指2025年12月17日至2026年1月5日实现日线12连阳，创1992年3月以来最长连阳纪录。1992年3月以 来，出现过三次11连阳，分别是在1 ...

Core Viewpoint - Mingxin Qirui has successfully completed over 100 million RMB in Pre-A round financing, which will be used for RRAM core technology research and team expansion, aiming to accelerate the mass production of RRAM technology products and the application of storage-computing technology [1][3]. Financing and Investment - The financing round attracted national industrial capital, strategic capital, and leading market funds, reflecting high recognition of Mingxin Qirui's technological innovation and optimism about the potential of the new storage and computing industry [3]. - Investors include Guokai Kechuang and Lenovo Venture Capital, with continued support from existing shareholders like Zhongke Chuangxing and Xiaomi's investment arm [1][3]. Company Overview - Mingxin Qirui, established in May 2024, focuses on advanced resistive random-access memory (RRAM) technology, integrating storage-computing solutions and advanced packaging technology to address the "memory wall" bottleneck [3][6]. - The company aims to provide high-performance integrated solutions and customized storage IP/chip products for consumer, industrial, and data center sectors [6]. Technological Development - The company has made significant progress in commercializing high-density storage, having established collaborations with multiple upstream and downstream enterprises to tackle storage manufacturing technology [3]. - Mingxin Qirui has successfully completed product engineering batch verification and is accelerating the development of storage-computing technology products to offer higher value AI computing solutions [3]. Investor Insights - Guokai Kechuang emphasizes RRAM's potential in advanced embedded storage and integrated computing, highlighting Mingxin Qirui's deep understanding of RRAM technology [4][5]. - Lenovo's representative notes the explosive growth in AI computing demand and positions RRAM as a key direction for the next generation of computing architecture [5]. - Zhongke Chuangxing stresses the importance of breakthroughs in next-generation computing architecture starting from the material and device level, supporting Mingxin Qirui's innovative capabilities [5].