A-shares opening express | A-shares showing divergent trends, with technology sectors such as chips and PCB leading the gains.

On January 9, the A-share market showed differentiation, with the Shanghai Composite Index showing weakness; as of 9:47, the Shanghai Composite Index fell by 0.43%, the Shenzhen Component Index rose by 0.27%, and the ChiNext Index rose by 0.36%. On the market, technology sectors such as chips, PCB, AI PC, and robotics companies like Siasun Robot & Automation led the gains; while industries like port shipping, banking, and pharmaceuticals had the highest losses. In terms of fund flows, funds favored industries like batteries, banking, and home appliances, while funds fled from industries like communication equipment, logistics, and optoelectronics. Institutional Views: Looking ahead, Orient pointed out that with the absence of policy and major conferences before the Spring Festival, internal factors have limited impact on the market, and external risk expectations have become the main factors disrupting the current market. Without clear resolution, the market will continue to be volatile. Minsheng Securities: The market has entered a consolidation period, undervalued state-owned enterprises have better cost-effectiveness Minsheng Securities stated that stability in two-way financing and stable trading activity are necessary conditions for the stabilization of the A-share market. The current distribution of chips among investors is more diversified, which means that trend traders may have a greater marginal impact on the market. In the short term, it is recommended to focus on undervalued state-owned enterprises and resource assets, as well as leading companies in manufacturing and service consumption. Cinda: Consolidation after the consolidation period may be a key buying point before the Spring Festival Cinda believes that the consolidation period after the downturn may not be long, primarily characterized by volatility and reduced trading volume. The strongest sectors may emerge after consolidation, making the period before the Spring Festival an important buying point. Orient: External risk expectations are the main factor disrupting the market Orient noted that short-term market declines have largely absorbed potential negative risks. External risk expectations are the main disruptive factor in the market, and the market is expected to continue to be volatile until these risks materialize. It is possible that market adjustments before and after the Spring Festival may come to an end, leading to a weak rebound with a target around 3300 points. Popular Sectors: Chip stocks strengthen again, with Beken Corporation hitting the limit up, Rockchip Electronics pushing for the limit up, and other companies seeing significant gains. PCB concept stocks surged at the opening, with companies like Shenzhen Edadoc Technology, Epoxy Base Electronic Material Corporation, and Baoding Technology hitting the limit up. The mining industry chain is active again, with companies like Shenzhen Center Power Tech and Guangdong Shunna Electric performing well.Chongqing Wangbian Electric (Group) Corp., as well as other leading gainers.Review: On the news front, Amazon announced plans to invest $11 billion to expand its infrastructure in the state of Georgia to support cloud computing and artificial intelligence technologies related to its cloud computing department Amazon Web Services (AWS). Jianghai Securities pointed out that the AI industry is growing rapidly and the importance of computing power continues to be highlighted. This article is reposted from "Tencent Stock Picks", GMTEight Editor: Chen Wenfang.