On Thursday, as the market anticipates fewer interest rate cuts by the Federal Reserve next year, the US dollar index continued its upward trend from yesterday, ultimately rising 0.40% to close at 107.06. The benchmark 10-year Treasury yield closed at 4.4250%; the more interest rate-sensitive 2-year Treasury yield closed at 4.3570%.

Bitcoin briefly hit a new high of $98,500 per coin, gaining over 4% during the day; Ethereum surged 10.00% during the day.

The Ukrainian Air Force reported that Russia launched an intercontinental ballistic missile at Ukraine, escalating the Russia-Ukraine situation once again. Spot gold rose for the fourth consecutive trading day, ultimately closing up 0.73% at $2,669.37 per ounce. Spot silver nearly flatlined, ultimately closing down 0.19% at $30.78 per ounce.

Due to market concerns that the escalation of the Russia-Ukraine conflict might impact oil supply, WTI crude oil ultimately closed up 1.58% at $70.08 per barrel; Brent crude oil closed up 1.66% at $74.25 per barrel.

US stocks closed with the Dow Jones up 1.06%, the S&P 500 up 0.5%, and the Nasdaq slightly up. Pinduoduo (PDD.O) fell 10.6%, Nvidia (NVDA.O) rose 0.5%, and MicroStrategy (MSTR.O) plummeted 16%. The Nasdaq Golden Dragon China Index fell 1%, EHANG Intelligent (EH.O) fell 13%, and Alibaba (BABA.N) fell 1.3%.

The three major A-share indices opened slightly lower and maintained a narrow fluctuation trend throughout the day. By the close, the Shanghai Composite Index rose 0.07%, the Shenzhen Component Index fell 0.07%, and the ChiNext Index fell 0.09%. On the market, the controlled nuclear fusion concept surged, with stocks such as Jiusheng Electric, Hongxun Technology, Hailu Heavy Industry, and Rongfa Nuclear Power hitting the daily limit. The AIGC concept strengthened, with stocks like Bestar Tech, Star Ring Technology, and Daheng Technology hitting the daily limit. The phosphorus chemical concept continued to be active, with stocks like Yuegui Co., Tianji Co., and Liuguo Chemical hitting the daily limit. The short drama game concept oscillated higher, with stocks like Huanrui Century, Tianyu Digital Science, Yuanlong Yatu, and Antarctic E-commerce hitting the daily limit. The Xinchuang concept oscillated upwards, with stocks like 360, 263, Zhiwei Intelligent, and Huasheng Tiancai hitting the daily limit. The solid-state battery concept was active, with stocks like Plit, Limin Co., and Zhongyuan New Materials hitting the daily limit. The public transportation, internet, software services, and securities sectors led the gains; the communication equipment, telecom operations, diversified finance, and warehousing logistics sectors led the declines.