China A50 dipped on Thursday as geopolitical tensions after Maduro arrest were fanning fears. Leading AI server provider xFusion has hired Citic Securities in preparation for its IPO.
Goldman Sachs projects Chinese stock benchmarks will post another year of growth, though at a slower pace than in 2025, with earnings supported by AI and policy measures.
China's equity rally has carried strong momentum into the new year. The upgrade reflects confidence based on earnings expansion, policy initiatives, and new growth drivers.
Investor enthusiasm was evident in onshore turnover, which rose Tuesday to the most since mid-September. Foreign funds are expected to pare back their underweight positions in the market.
Barclays is urging investors to adopt a more selective approach to the market, warning that the broad-based rally seen last year is unlikely to be repeated as policy tailwinds fade and sector-level headwinds emerge.
It added firms with diversified income streams, strong platforms and pricing power are seen as better positioned to navigate a slower-growth, less stimulus-driven environment.
China A50 perched above its 50 SMA, but the double top pattern showed a dim sign of fatigue. As such we expect a decline towards 15,300 before another leg higher.
Asset recap
As of market close on 7 January, among EBC products, Intel shares led gains after the chipmaker showcased new laptop computers based on its advanced Panther Lake processors at the CES trade show in Las Vegas.
Lockheed Martin wilted after Trump published several posts about his intended moves for the defence industry. He said those companies have to curb dividend payouts and share repurchase programmes.
The Dow pulled down by declines in JPMorgan and other financials. US job openings dropped to a 14-month low in November while hiring resumed its sluggish tone, pointing to ebbing demand for labor amid policy uncertainty.
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