2026-01-05 08:23:42

Crossing the New Year holiday, a few things worth pondering.

The rebound in Hong Kong tech stocks was quite sharp. The Hang Seng Tech Index surged 4% on January 2nd alone, which is certainly a significant boost for investors heavily invested in tech stocks. After a sluggish quarter, this rebound offers some room for imagination.

Another point of observation is the political fluctuations in Venezuela. On the surface, it appears to be a geopolitical event, but the underlying "resource nationalism" wave is worth paying attention to. This directly relates to the future supply pattern of major commodities, especially the impact on the logic of diversified metal allocations. Will there still be opportunities for non-ferrous metals in 2026? This question might be more important than we think.

Looking back at 2025, the performance of non-ferrous metals was quite impressive. The total return of related indices reached 101.47%, and funds tracking these indices soared from 4.365 billion at the end of 2024 to 20.591 billion at the end of 2025. This is not just numerical growth but also reflects the recognition of capital towards this sector.

But there is a detail—many investors have also achieved good returns over the past year by heavily investing in segments like optical modules and PCBs within the AI niche. Looking at the latest holdings of top-ranked fund managers makes this clear. Similarly, in the story of making money in 2025, choice and timing are equally crucial.

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rugpull_survivor

· 23h ago

The 101% surge in non-ferrous metals is truly incredible, but I think the risks by 2026 have already been gradually accumulating. I missed the wave of PCB light modules, watching others make money makes me feel frustrated. The Venezuela issue sounds distant, but it actually directly affects commodities, so we should pay attention. That 4% rebound in HK Science Park is basically just a rebound, don't be fooled. Resource nationalism is a fresh perspective, worth tracking. When talking about choice and timing, it really means most of us chose the wrong options, haha. Can non-ferrous metals still be chased? Is it a bit late to enter now? Fund managers' holdings look relaxed, but us retail investors are all stuck in traps.

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SchrodingerAirdrop

· 01-06 20:22

Hong Kong stocks tech sector 4% single-day rebound... feels like we're about to start cutting leeks again Non-ferrous metals doubled, AI modules also made money, I missed out completely, it's really frustrating Venezuela's situation, resource nationalism wave? Here we go, time to bottom fish in non-ferrous metals again Choosing the right track is really more important than timing, my poor skills Will non-ferrous metals still be good in 2026? Feels a bit late now... Details like optical modules and PCBs, fund managers are quietly building positions, and we're still watching the news 101% increase, fund size multiplied five times, missed out on so much Hope this rebound in Hong Kong stocks isn't just a flash in the pan again

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ApeWithAPlan

· 01-05 08:50

The doubling of non-ferrous metals seems a bit like being chased higher. The funds reaching 20.591 billion yuan is a bit scary. The optical modules and PCB sectors have indeed made progress this year, but compared to the "nationalist" story of non-ferrous metals... well, it depends on how the political situation unfolds. The tech rebound is only 4%, so it's not too bad.

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Gm_Gn_Merchant

· 01-05 08:39

Non-ferrous metals doubled in value, this wave indeed left some people who didn't get in a bit regretful. The PCB optical modules are also in... choosing the right track can really change your fate. Hong Kong stocks' tech rebound rose 4%, those heavily invested should be thrilled. Will resource nationalism crush non-ferrous metals? Will they dare to go in again in 2026? Just looking at fund managers' holdings, you can tell who made money. Copying others' work is unreliable. Venezuela's political turmoil is so intense, why doesn't there seem to be much reaction domestically? A 101% increase—how outrageous does this number have to be to be truly understood.

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SchrödingersNode

· 01-05 08:29

Non-ferrous metals have doubled in value, and I, as a miner, am still idling around. Truly amazing, haha. The rebound in Hong Kong stocks is strong, but can it hold? We've seen this drama before—4% down yesterday, 2% down today. Is there a sudden change in Venezuela's political situation? Basically, it's still about争夺商品定价权. We're just holding some copper and waiting for rent. AI optical modules are definitely stealing the spotlight, but I still believe non-ferrous metals are the hard currency. Long-term optimism. This wave of resource nationalism, at least, shows that commodities still have vitality. Last year, a 101% increase—feeling like I missed the boat. Is now the time to chase in and become a bagholder? I'm a bit skeptical about the recent rebound in Hong Kong Tech. Feels like there are still pitfalls ahead. Fund sizes have increased fivefold, indicating that people are getting interested. But that also means... what do you think?

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GasFeeSurvivor

· 01-05 08:27

Have non-ferrous metals doubled, and you're still worried about 2026? I've already gone all-in on optical modules. Now, seeing this rebound, I realize I was right to go all-in.

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