A-shares show obvious "sector bias" today | Shanghai Composite breaks 4100 points, rare earth and aerospace sectors soar simultaneously, but these sectors are getting "beaten up"

Gelonghui January 9｜In the early trading session, the three major A-share indices generally strengthened, with the Shanghai Composite Index rising 0.3%, touching the 4100-point mark during the session; the Shenzhen Component Index increased 0.57%; the ChiNext Index rose 0.1%; and the CSI 50 Index gained 0.55%. Overall market trading enthusiasm was good, with the combined turnover of the Shanghai, Shenzhen, and Beijing markets reaching 208.19 billion yuan, an increase of 30.04 billion yuan compared to the previous trading day. Over 2,300 stocks in the market are in the green, indicating a positive earning effect.

Hot sectors take turns, with rare earths and aerospace leading the charge

Looking at the sectors, today’s main themes are: AI applications, military equipment, commercial aerospace, smart healthcare, oil and gas extraction and services, computing power leasing, consumer retail, small metals, cross-border payments, and controllable nuclear fusion. The rare earth sector performed particularly strongly — E Fund’s Rare Earth ETF rose 3.57%, and the Harvest ETF also increased by 3.54%, with both funds playing a role in driving this rally. Commercial aerospace continues to be hot, with Tianhong Fund’s Aerospace ETF up 3.54%, and Penghua Satellite ETF up 3.43%, indicating that capital remains quite optimistic about this track. AI applications are also not to be outdone, with GF Fund’s Media ETF rising 3.39%.

Some sectors are cooling off, with semiconductors weakening and glifosate among those adjusting

Of course, not all industries are on an upward trend. The banking sector, glifosate, airports and shipping, brain-computer interfaces, cement, and agriculture sectors clearly lagged behind today. The once-star semiconductor track is also adjusting — the STAR Innovation Semiconductor ETF fell 1.83%, the Semiconductor Materials ETF declined 1.79%, and the Penghua STAR Innovation Semiconductor ETF dropped 1.77%. This is evidently a technical correction, possibly related to the poor performance of US tech stocks last night — the Nasdaq Biotechnology ETF and the S&P Biotechnology ETF both fell 1%.

Overall, today’s A-share market shows clear structural features, with hotspots concentrated in technological innovation and strategic emerging industries, while traditional industries and some defensive assets are in a state of rest.