According to The Kobeissi Letter, China’s stock trading volume reached 2.8 trillion yuan ($401 billion) on Tuesday, the highest since September, source: The Kobeissi Letter (X, Jan 8, 2026). This level was more than 2.5 times the five-year daily average of 1.1 trillion yuan, source: The Kobeissi Letter (X, Jan 8, 2026). Onshore turnover has more than doubled since June as the rally broadened, with 10% of stocks hitting new 52-week highs, the most since September, source: The Kobeissi Letter (X, Jan 8, 2026). Roughly six out of seven stocks in Shanghai and Shenzhen posted gains over the first two trading sessions of 2026, source: The Kobeissi Letter (X, Jan 8, 2026). As a result, the CSI 300 Index is up 3.2% year-to-date, source: The Kobeissi Letter (X, Jan 8, 2026). The update does not reference cryptocurrency markets, source: The Kobeissi Letter (X, Jan 8, 2026).