On January 8, A-shares opened lower in the morning session, with the three major stock indices collectively declining at the start of trading. The ChiNext Index once fell nearly 1%, while the semiconductor sector remained active. Sectors such as securities and insurance underwent adjustments. Hong Kong stocks also declined, with the Hang Seng Index and the Hang Seng Tech Index dropping, the latter falling over 1%. "The world's first large model stock," KNOWLEDGE ATLAS, opened over 3% higher on its debut but has since retreated from those levels. ILUVATAR COREX surged over 31% on its first trading day. In the bond market, treasury futures rose across the board. For commodities, most domestic commodity futures increased, with coking coal and coke experiencing another significant surge. Key market movements:

A-shares: As of writing, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index declined 0.20%, and the ChiNext Index dropped 0.33%.

Hong Kong stocks: As of writing, the Hang Seng Index decreased 1.29%, and the Hang Seng Tech Index fell 1.14%.

Bond market: Treasury futures were generally higher. As of writing, the 30-year main contract rose 0.12%, the 10-year main contract gained 0.03%, the 5-year main contract increased 0.02%, and the 2-year main contract was flat.

Commodities: Domestic commodity futures mostly advanced. As of writing, coking coal surged over 7%, coke rose 4%, lithium carbonate gained over 3%, while glass, palladium, rebar, hot-rolled coil, and eggs increased over 1%. Industrial silicon, iron ore, asphalt, caustic soda, silicon manganese, stainless steel, rubber, fuel oil, and alumina also moved higher. Gold and platinum futures declined, while aluminum, silver, pulp, and copper futures fell over 1%, with polysilicon dropping 4%.

Market News: As of January 7, the balance of margin trading and securities lending in the Shanghai, Shenzhen, and Beijing Stock Exchanges reached 2,604.742 billion yuan, breaking through the 2.6 trillion yuan mark for the first time. This represents an increase of 24.842 billion yuan from the previous trading day, marking the largest single-day increase since October 10, 2025. Since the start of the new year, the market's margin trading and securities lending balance has increased for three consecutive trading days, accumulating a total increase of 64.060 billion yuan during this period.

At 10:05, the brain-computer interface concept stocks experienced a volatile rebound during the session. Nanjing Panda hit its 4th consecutive limit-up, following earlier 4th consecutive limit-ups for Primeton and Innovation Medical. Apon Medical rose over 10%, while Luyan Pharma, Hainan Haiyao, Yanshan Tech, and Saili Medical followed with gains.

In related news, on January 6, BrainCo, a "unicorn" in the brain-computer interface field, announced the completion of a financing round of approximately 2 billion yuan. This financing scale is second only to Neuralink, founded by Elon Musk, ranking it second globally in the brain-computer interface sector by funding amount.

At 10:04, the semiconductor industry chain showed strengthening volatility. Siltronic, Hygon, and Zhongke Bluechip rose over 10%, while Zhendu Tech, VeriSilicon, Kingsemi, Cambricon, and MetaX surged over 5%.

At 09:43, the declines in the Hang Seng Index and the Hang Seng Tech Index widened to 1%. Huahong Semiconductor bucked the trend, rising over 5%, while SMIC gained over 2%. Lenovo Group and Kuaishou fell over 3%.

At 09:39, nuclear fusion concept stocks surged sharply. China First Heavy Industries, Snowman Group, and China Nuclear Engineering涨停 (hit the daily limit-up). Hongxun Technology achieved its 2nd consecutive limit-up, with Jingye Intelligent and Rongfa Nuclear Power following with gains.

At 09:36, the computing power chip concept strengthened in early trading. Hygon rose nearly 10%, while Huadong Heavy Machinery, Fabulous, CloudMinds, Cambricon, and Moore Threads surged higher.

On the news front, the Ministry of Industry and Information Technology and seven other departments issued the "Implementation Opinions on the 'Artificial Intelligence + Manufacturing' Special Action." The document proposes strengthening the supply of AI computing power. It advocates for the coordinated development of software and hardware for AI chips and supports breakthroughs in key core technologies such as high-end training chips, edge-side inference chips, AI servers, high-speed interconnects, and intelligent computing cloud operating systems.

At 09:32, the semiconductor sector strengthened once again. Zhongke Bluechip, Jinhaitong, Junda, Haiyu, and Liandong Technology advanced.

At 09:31, the ChiNext Index fell over 1%, the Shanghai Composite Index declined 0.27%, and the Shenzhen Component Index dropped 0.72%. Sectors like securities, insurance, retail, and CPO were among the top decliners. The number of falling stocks across the Shanghai, Shenzhen, and Beijing markets exceeded 3,000.

At 09:30, treasury futures opened with gains. The 30-year main contract rose 0.02%, the 10-year main contract increased 0.04%, the 5-year main contract gained 0.03%, and the 2-year main contract advanced 0.02%.

At 09:27, the Shanghai Composite Index opened 0.2% lower, and the ChiNext Index fell 0.63%. The non-ferrous metals and securities sectors led the declines. Commercial aerospace concept stocks pulled back, while brain-computer interface and innovative drug themes remained active.

At 09:21, the Hang Seng Index opened 0.59% lower, and the Hang Seng Tech Index fell 0.44%.

Alibaba, Baidu, and Tencent Music fell over 1%, while Tencent Holdings dropped nearly 1%. KNOWLEDGE ATLAS opened over 3% higher on its debut, ILUVATAR COREX surged over 31% on its first trading day, and Soaring Medical gained over 36% on its debut.