On January 22, 2026, the A-share index rose to a high before falling back, with all three major indices turning green into the negative territory. The ChiNext Index once rose by nearly 1.3% in the early morning before turning down. Sectors such as non-ferrous metals, semiconductor chips, and power grids were among the top decliners, with nearly 1,900 stocks falling across the Shanghai, Shenzhen, and Beijing markets.
