Midday Market Review — ChiNext Up 0.85%, Precious Metals and Chip Sectors Rally

Cailian Press, January 21, 2026 — The market opened lower but rallied in early trading, with the ChiNext Index rising 0.85% by midday, peaking over 1%. Total trading volume on the Shanghai and Shenzhen markets reached RMB 1.63 trillion, down RMB 216.9 billion from the previous session.

Market breadth: More than 2,900 stocks advanced, showing fast rotation of hot sectors.

Sector highlights:

• Precious metals continued their strong performance, with Hunan Silver hitting a second consecutive daily limit.
• Chip industry chain expanded gains, with Huada Technology, Loongson, Zhi Zheng Co., and over ten other stocks hitting the daily limit.
• Lithium mining rebounded, with Shengxin Lithium and Dazhong Mining hitting the daily limit.

Weak sectors:

• Consumer stocks fell collectively, led by liquor and hotel-tourism sectors.
• Coal sector declined, with Dayou Energy dropping nearly 8%.

Closing at midday:

• Shanghai Composite Index +0.16%
• Shenzhen Component Index +0.76%
• ChiNext Index +0.85%