Precious metals are crazy! Both platinum and palladium futures on the domestic market hit the limit up, AH shares opened high, non-ferrous metals are strong, Hainan Free Trade Zone concept stocks continue to rise, and Kuaishou on the Hong Kong stock market fell 3.3%

The precious metals market performed strongly, with both platinum and palladium futures on the domestic market hitting the daily limit. A-shares and Hong Kong stocks opened higher. Non-ferrous metal stocks continued to be strong, and stocks related to the Hainan Free Trade Zone continued to rise. Kuaishou's Hong Kong stock fell by 3.3%. Overnight, the three major U.S. stock indices closed higher, with Tesla and Micron Technology hitting new highs. Most domestic commodity futures markets rose, and international precious metal futures generally closed higher. Institutional views suggest that the supply and demand fundamentals for platinum and palladium are healthy, with macro expectations improving

A-shares opened slightly higher, with the Shanghai Composite Index rising 0.04% and the ChiNext Index up 0.14%. The concept stocks of Hainan Free Trade Zone continue to ferment, with active themes in dairy, photovoltaics, gold, and cybersecurity. Stablecoins, nuclear fusion, and computing power hardware concept stocks are adjusting.

Hong Kong stock indices opened higher, with the Hang Seng Index up 0.29% and the Hang Seng Tech Index rising 0.14%. Most large tech stocks are in the green, with Meituan, Baidu, JD.com, and Alibaba rising within 1%, while Kuaishou fell 3.3%, previously stating it was attacked by gray and black industries and has reported to the police; metal frenzy! Gold, silver, and copper hit new highs, with platinum, palladium, and gold all rising sharply, while gold stocks and copper stocks continue to be strong. Additionally, consumer electronics concept stocks, shipping stocks, and power stocks are declining.

In terms of news, the three major U.S. stock indices closed higher overnight, with Tesla and Micron Technology hitting new highs.

Government bond futures opened with mixed performance, with the 30-year main contract rising 0.08% to 111.930 yuan, the 10-year main contract up 0.05% to 107.990 yuan, the 5-year main contract flat at 105.840 yuan, and the 2-year main contract flat at 102.462 yuan.

Domestic commodity futures opened mostly 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%, the shipping index (European line) up 2.69%, fuel up 2.06%, coking coal up 1.58%, and lithium carbonate up 1.05%.

In terms of news, international precious metal futures generally closed higher overnight, with COMEX gold futures rising 2.13% to $4,480.60 per ounce and COMEX silver futures up 2.37% to $69.09 per ounce. The U.S. November CPI and core CPI growth rate fell to a multi-year low, reinforcing market expectations for the Federal Reserve's easing policy, combined with geopolitical risks and central bank gold purchases supporting precious metal prices to continue strengthening.

Institutional views point out that the platinum supply and demand fundamentals are healthy, coupled with positive macro expectations, the structural deficit pattern in supply and demand continues, and the medium to long-term demand expectations in the hydrogen economy are expanding; palladium is affected by geopolitical issues in Russia, with temporary tightening of palladium supply in other regions, spot shortages, and a favorable macro environment providing support at the bottom.