Precious metals are surging! Domestic platinum and palladium futures both hit the daily limit, A and H shares opened higher, non-ferrous metals are strong, Hainan Free Trade Zone concept stocks continue to rise, and Kuaishou in Hong Kong fell 3.3%.

Precious metals are surging! Domestic platinum and palladium futures both hit the daily limit, A and H shares opened higher, non-ferrous metals are strong, Hainan Free Trade Zone concept stocks continue to rise, and Kuaishou in Hong Kong fell 3.3%.

A-shares opened slightly higher, with the Shanghai Composite Index up 0.04%, and the ChiNext Index up 0.14%. The Hainan Free Trade Zone concept stocks continue to ferment, with dairy, photovoltaic, gold, and cybersecurity themes active. Stablecoin, nuclear fusion, and computing hardware concept stocks are adjusting. Hong Kong stock indices opened higher, with the Hang Seng Index rising 0.29% and the Hang Seng Tech Index up 0.14%. Most large tech stocks are in the green, with Meituan, Baidu, JD.com, and Alibaba rising less than 1%, while Kuaishou fell 3.3%. Previously, Kuaishou reported being attacked by gray-black industry and that police have been notified. Metals are partying! Gold, silver, and copper all hit new highs, platinum and palladium surged across the board, and stocks related to precious metals, copper, and other non-ferrous metals remain strong. In addition, consumer electronics, shipping, and power stocks declined. In terms of news, overnight the three major US stock indices closed higher, with Tesla and Micron Technology hitting new highs. Government bond futures showed mixed performance at the open, with the 30-year benchmark contract up 0.08% at 111.930 yuan, the 10-year benchmark contract up 0.05% at 107.990 yuan, the 5-year benchmark contract flat at 105.840 yuan, and the 2-year benchmark contract flat at 102.462 yuan. Domestic commodity futures mostly opened higher, with platinum up 8.30%, palladium up 5.99%, Shanghai gold up 2.44%, Shanghai silver up 3.21%, Shanghai nickel up 3.06%, Europe Container Shipping Index up 2.69%, fuel oil up 2.06%, coking coal up 1.58%, and lithium carbonate up 1.05%. News: Overnight, international precious metals futures mostly closed higher. COMEX gold futures rose 2.13% to $4,480.60/oz, COMEX silver futures rose 2.37% to $69.09/oz. U.S. November CPI and core CPI growth rates dropped to multi-year lows, boosting expectations of accommodative Fed policy, along with geopolitical risks and central bank gold buying support, keeping precious metal prices strong. According to institutional views, platinum fundamentals remain healthy combined with positive macro expectations, with a continued structural supply-deficit and the prospect of long-term demand expansion for the hydrogen economy; Palladium is affected by Russian geopolitical issues, with phase tightening in supply from other regions, spot shortages, and macro environment support continuing to underpin the bottom. 9:29 Quantum technology concept stocks were active at the open, with Jida Zhengyuan hitting the price limit in pre-market bidding. Shengbang Security, Geer Software, Keda Guochuang, Tianrongxin, and Guodun Quantum all opened higher. According to University of Science and Technology of China, based on the superconducting quantum processor "Zuchongzhi 3.2," Academician Pan Jianwei's team made major progress in quantum error correction, achieving "below threshold, the more correction, the more accurate". [Image] 9:29 The Hainan sector in A-shares remains strong, with Haiqi Group and Hainan Ruize reaching three consecutive daily price limits, Haixia Co. hitting the price limit, Kangzhi Pharmaceuticals, Hainan Airport, Hainan Haiyao, Shennong Seeds and other stocks opening higher. [Image] 9:29 Government bond futures at the open: 30-year benchmark contract up 0.08%, 10-year up 0.05%, 5-year down 0.00%, 2-year up 0.00%. [Image] 09:29 The China Convertible Bond Index opened flat. PULIAN convertible bonds rose over 13%, XINFU convertible bonds up over 2%, ZAI22 and HaoHan convertible bonds up over 1%; LIPO convertible bonds fell nearly 6%, JINZHONG convertible bonds fell 2.9%, JAMY convertible bonds fell 2.7%. 9:25 Shanghai Composite Index opened at 3,919.11, up 0.04%. Shenzhen Component Index opened at 13,338.93, up 0.05%. ChiNext Index opened at 3,196.31, up 0.14%. CSI 300 Index opened at 4,616.03, up 0.10%. STAR 50 Index opened at 1,333.54, down 0.13%. CSI 500 Index opened at 7,257.91, up 0.03%. CSI 1000 Index opened at 7,410.22, up 0.03%. [Image] 9:22 Hang Seng Index opened up 0.29% at 25,875.85; Hang Seng Tech Index up 0.14%. Kuaishou fell 3.3%; previously, Kuaishou reported being attacked by gray-black industry, and police have been notified. WuXi AppTec rose 1.4%; Meituan and Semiconductor Manufacturing International rose 0.9%. [Image] 9:16 The RMB central parity rate against the U.S. dollar was set at 7.0523, an increase of 49 basis points; previous session’s central parity rate was 7.0572, official closing rate was 7.0382, and previous night session settled at 7.0368. 9:05 Guangzhou Futures platinum main contract hit the price limit, rising 10% in the day to 619.95 yuan/gram, setting another record high since listing. Palladium main contract hit the price limit, rising 10% in the day to 555.15 yuan/gram, another record high since listing and the fourth price limit since listing. 09:00 Commodity futures market opened, platinum main contract up over 8%, palladium up over 5%. Shanghai silver and nickel up over 3%, PVC, Europe container shipping, Shanghai gold, fuel oil, crude oil up over 2%. [Image] FTSE China A50 Index futures rose 0.12% at the open, and settled up 0.18% in the previous night session. [Image] Risk Warning and Disclaimer The market carries risks, and investment needs to be prudent. This article does not constitute personal investment advice and does not take into account individual users’ special investment objectives, financial status, or needs. Users should consider whether any opinion, viewpoint, or conclusion in this article is suitable for their specific circumstances. Investment is at your own risk.