Market bottoms out and rebounds with decreased volume and oscillation, sector divergence intensifies, and the AI sector faces significant pressure

StrawberryIce · 2026-02-04T21:33:04+00:00

The market rebounded today, with the Shanghai Composite Index returning to 4,100 points, but trading volume remains insufficient. The hydrogen energy and space photovoltaic sectors gained strength due to policy and news stimuli, while the AI sector experienced a cooling of sentiment influenced by the US stock market. Overall, the market shows signs of divergence, so investors should exercise caution.

StrawberryIce

2026-02-04 21:33:04

Abstract generation in progress

【Like and follow first, then watch. Wishing everyone daily limit-ups】

Trading starts with controlling your mindset, then your rhythm. Only by managing market sentiment can you meet your family’s expectations and keep your account in the green.

Market Analysis for Today:
The three major indices rebounded after hitting bottom, with the Shanghai Composite Index returning to 4100 points, but trading volume across the two markets remains below 2.5 trillion yuan, still in a shrinking phase. After the market recovery, divergence appeared, with space photovoltaics, hydrogen energy, and coal leading the gains driven by news; AI-related sectors (hardware + applications + computing power) saw significant realization, with intra-day losses slightly exceeding expectations.

Sector Analysis

Hydrogen Energy: On the news front, the National Energy Administration’s increased support for hydrogen energy policies during the 14th Five-Year Plan catalyzed the sector’s strength. This sector is a branch of aerospace and a safe-haven sector. We previously discussed hydrogen energy, suggesting to wait for the right moment to enter—uncertain if brothers caught this wave.
Shuangliang Eco-Energy (dual attributes of space photovoltaics and hydrogen energy), CIMC Group, China Power Construction Science & Industry.
Space Photovoltaics: News of Elon Musk’s team visiting Chinese photovoltaic companies acted as a catalyst.
Shuangliang Eco-Energy, Guosheng Technology, Zerun New Energy
Aerospace Sector: Sentiment has clearly cooled down, with only Juli Rigging and Aerospace Development meeting expectations. The rest are underperforming, showing a lack of capital follow-through. Yesterday’s two-wave recovery failed to form consensus, and today the sector has reverted to weakness.
AI Applications: U.S. stock AI legal plugins dragged down software stocks, causing related concepts in A-shares to cool off. Tencent’s Yuanbao was suddenly banned, intensifying sector divergence.
Key targets like Wangsu Science & Technology, Zhejiang Wenlian, and Litong Electronics, which are closely watched by trend funds, experienced continuous declines.
Google will release earnings tonight. If they beat expectations, sectors like OCS and others will be highly sought after tomorrow, along with cloud services, such as Wangsu and Deke Li. If earnings fall short, AI stocks may face further declines.

Disclaimer: The logic in this article reflects personal review opinions and market diary entries, not any securities consultation or recommendation. The stocks involved are not recommendations. Views are for reference only and not to be used as buying or selling basis. Trade at your own risk. The market is risky; invest cautiously.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.