Market Review from Yesterday:

1. On Tuesday, the US Dollar Index continued its upward momentum, reaching an intraday high of 106.62 before ultimately closing up 0.22% at 106.38. US Treasury yields saw a rebound, with the 2-year Treasury yield closing at 4.147% and the 10-year Treasury yield closing at 4.225%.

2. Driven by escalating geopolitical tensions and expectations of the Federal Reserve's third rate cut next week, spot gold briefly approached the 2700 mark on Tuesday, continuously setting new highs over the past two weeks, and ultimately closed up 1.25% at $2693.59 per ounce. Spot silver retraced most of its intraday gains towards the end of the session, ultimately closing up 0.19% at $31.88 per ounce.

3. The Dow Jones Industrial Average closed down 0.35%, the S&P 500 Index fell 0.3%, and the Nasdaq dropped 0.25%. Nvidia (NVDA.O) fell 2.6%, Tesla (TSLA.O) rose 2.8%, nearing the all-time high set in October 2021, while Google (GOOG.O) rose over 5%. The Nasdaq Golden Dragon China Index closed down 4.3%, Alibaba (BABA.N) fell 2.7%, and Bilibili (BILI.O) dropped over 11%.

4. The three major A-share indices opened higher collectively and maintained fluctuations throughout the day. By the close, the Shanghai Composite Index rose 0.59%, the Shenzhen Component Index climbed 0.75%, and the ChiNext Index increased by 0.69%.