2026-01-21 02:25:04

Yesterday, the A-shares market was uneventful. The single-day trading volume reached 2.78 trillion yuan, and most indices came under pressure— the median index fell by 0.37%, the emerging industries index declined by over 1%, and hot sectors such as commercial aerospace, brain-computer interfaces, and optical chips all retraced about 2.7%. The phenomenon of fixed-point sell-offs in the mornings and afternoons continued for three consecutive days, but afternoon selling pressure eased somewhat. The frantic rally at the beginning of the year has finally been contained, and trading activity is gradually returning to rationality.

The capital flow shows a seesaw pattern. Traditional sectors—chemical, real estate, banking, and coal—are absorbing funds, but how long this "rotation" can last remains uncertain. Meanwhile, the precious metals sector surged by 31% in January, fully following international gold and silver prices. Silver even soared to 96 yuan per gram, and gold broke through 4700 yuan per gram.

The behind-the-scenes drivers are worth noting. The Greenland island incident intensified US-EU trade tensions, with Europe threatening to sell trillions of US debt. As a result, the 30-year US Treasury yield soared to 4.925%, hitting a new high since September last year. Geopolitical uncertainties increased, prompting funds to flee into gold as a safe haven. The sideways movement of virtual assets may also have been indirectly affected. Additionally, attention should be paid to the event of platform crackdowns on influential individual stock traders— involving a fine of 83 million yuan, serving as a reminder for content creators not to ignore compliance red lines.

There are some market curiosities. Copper bar speculation has heated up in the Shuibei market, with the premium for 999.9 pure copper bars reaching 80-150%. However, these items are prone to oxidation during storage and can suffer wear during trading, posing significant risks. On the other hand, Pop Mart surged by 9%, stimulated by a 251 million HKD buyback plan— with cash on hand of 20 billion HKD, the stock price rebounded for the first time after halving from its high of 339 HKD.

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LuckyHashValue

· 14h ago

The crazy momentum at the beginning of the year has finally been subdued, or else it would have been really wild. Gold is rising again, whenever geopolitical tensions flare up, investors flock to safe-haven assets, classic move. Copper strip speculation? Truly incredible, anything can be speculated on, with risks off the charts and still people follow. The reminder about compliance red lines is well-timed; content creators really shouldn't mess around blindly. How long can the rotation in traditional sectors last? That’s the real question. Pop Mart's first rebound after halving, the buyback plan seems quite effective. U.S. Treasury yields have been soaring, virtual assets are moving sideways, indirectly getting caught. The recent surge in precious metals is outrageous, a 31% jump in one month is quite intense. Afternoon selling pressure eased quite a bit, at least it didn't continue to crash, so that's good news.

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SatsStacking

· 14h ago

Gold prices surge, copper bar speculation, Pop Mart rebound... This market really dares to speculate on everything. Why is risk so widely pursued? --- Three days of targeted sell-offs, this rhythm is incredible. The crazy rally at the beginning of the year has finally been suppressed. --- The 31% surge in precious metals is related to geopolitical issues. Safe-haven funds are rushing in, and those who understand see through it. --- Water Bei market copper bar premiums are at 80-150%. Is this really not gambling? Who will cover the oxidation risk? --- Remember the 83 million yuan fine for compliance red line. Content creators should be cautious and not mess around. --- U.S. Treasury yields soared to 4.925%, Europe is selling U.S. bonds... If this continues, can the risk aversion sentiment be eased? --- Traditional sector rotation is attracting capital, but how long this can last depends on luck. It doesn't feel very solid. --- Pop Mart repurchased 2.51 billion with 200 billion cash, the book value looks impressive. How far the stock price can rebound is uncertain.

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GasDevourer

· 14h ago

Gold has broken 4700. The recent move in US Treasuries has directly driven money into precious metals. When geopolitical issues arise, safe-haven funds tend to flow out. Emerging industries have been hit again, with hot sectors like aerospace and brain-machine interfaces pulling back 2.7%. The crazy surge at the beginning of the year definitely needed to be tempered. The premium for copper bars at Shui Bei is 80-150%? Laughing out loud. These risk-takers are really daring to play, but storage is also prone to oxidation. A major influencer was fined 83 million. Compliance is really a red line that everyone should avoid crossing. Pop Mart rebounded 9%. The buyback stimulus can still trigger a wave, and from a 339 half-price drop, there's finally some improvement.

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GateUser-e19e9c10

· 14h ago

Gold is 96 yuan per gram? Damn, how much would I need to stock up to bottom fish?

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SchrodingerPrivateKey

· 14h ago

Gold has risen to 4700, and this round of risk aversion sentiment is really here. It seems the foreign markets can't handle it. The copper strip speculation in Shuibei is outrageous, with such high oxidation risk in storage, pure manipulation to cut the leeks. Three days of targeted dumping, oh, the institutions are offloading inventory. Pop Mart's recent rebound is just a buyback stimulus; with 20 billion yuan in cash on hand, they can play for a while. The emerging sector has fallen by 2.7%, after a head start at the beginning of the year, now it's starting to recover. Traditional sectors are attracting capital, but how long this momentum can last is really uncertain; it feels like a game of chess. U.S. Treasury yields soared to 4.925%. Is Europe really about to start dumping U.S. bonds? This is a bit desperate. A major influencer was fined 83 million yuan. Content creators, be careful—compliance is no small matter. Virtual assets are consolidating, indirectly dragged down by geopolitical tensions. This kind of entanglement is a bit absurd. Silver at 96 yuan per gram. Metals are really following the trend wildly; safe-haven buying has entered the market.

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ApeDegen

· 14h ago

Once again, targeted dumping. So annoying. Can we change up the rhythm? Gold at 96 yuan per gram? Luckily I didn't buy the precious metals at the bottom, just waiting to eat noodles. The folks at Shuibei are really outrageous. Copper bars can be pumped up by 80%. Is the next thing to be炒菜刀 (cooking knives)? Pop Mart finally rebounded after being halved. How long this buyback can last remains to be seen. Emerging industries are being hammered again. Aerospace chips are falling across the board. The crazy surge at the beginning of the year definitely needs to be reined in. A big V (influencer) was fined 83 million yuan. Looks like we really need to pay attention to compliance, or else there will be a crash. Funds are rotating into traditional sectors. How long this switch can last is really uncertain. U.S. Treasury yields are soaring. Geopolitical issues have caused funds to flee into gold, and virtual assets are suffering as well. The 2.78 trillion yuan trading volume is actually okay, down quite a bit from the beginning of the year. Rationality is returning. Silver surged to 96 yuan, which is really fierce. But storage issues and risks need to be carefully considered; don’t just look at the increase.

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