Futures on the Chinese equity index listed in Hong Kong are up more than 3% today, returning to the 9,150-point area after bouncing off the EMA200 and moving back above the EMA50 (orange line). At the start of the year, emerging markets (EM) – led by China – are performing strongly, supported by expectations of a weaker US dollar index and a broader trend toward diversification away from “expensive” Wall Street equities.
Shares of China’s Baidu jumped more than 9%, while the company’s chip unit (Biren) debuted on the Shanghai exchange, surging by around 400% on its first day of trading. Investors are now watching whether the upcoming listing of Kunluxin can replicate that success. A broad benchmark of Chinese tech stocks gained more than 4%, led by Chinese Big Tech names such as Alibaba, Baidu, JD.com, Xiaomi, and Bilibili.
CHN.cash (D1 timeframe)
Looking at the Hang Seng futures chart (CHN.cash), we can see a strong return to the broader uptrend. However, the current level may still act as a significant resistance zone, given the upper boundary of the descending channel and the EMA50 (orange line) on the daily timeframe.
-
Support: around 8,850 points (previous price reactions, EMA200)
-
Resistance: 9,150–9,200 points
A breakout above this range could potentially open the door for a move toward 10,000 points in the first half of 2026.
Source: xStation5
Will institutions spark a cocoa bull run in 2026? 📈 BCOM flows in focus
Wall Street kicks off 2026 in the green 🗽US100 jumps 1%
BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉
Technical Analysis - GOLD (02.01.2026)
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
