Market Overview - Recent reactions to China's rare earth measures have led to significant declines in global stock markets, with major Asian markets dropping sharply, particularly in Japan and Taiwan, which fell over 1% [1] - In the U.S., regional banks Zions Bancorp and Western Alliance Bancorp reported losses due to fraudulent commercial mortgage investments, causing their stock prices to plummet by 13% and 11% respectively, triggering widespread panic in the banking sector [1] - The fear index VIX has risen above 25 for the first time in five months, indicating increased market anxiety [1] Commodity Insights - Gold prices have surged past $4,300, with a total market capitalization exceeding $30 trillion, leading to strong performances in gold jewelry stocks such as Chow Tai Fook and Lao Poo Gold, which rose over 5% and 3% respectively [2] - In contrast, oil prices have declined significantly, with WTI crude oil falling to $56.99 per barrel, a drop of 2.3%, attributed to decreased consumption and increased production from OPEC and the U.S. [3] Sector Focus - The logistics sector is being prioritized for cost reduction and efficiency improvements, with a focus on building a modern logistics system that integrates digital infrastructure and supports small and micro enterprises [6] - Companies like Jitu Express and SF Express are highlighted as key players in the logistics market [7] Company Developments - Xiansheng Pharmaceutical Group has completed the first patient dosing in a Phase I clinical trial for its innovative cancer drug SIM0505 in the U.S., which targets advanced solid tumors [8] - The company reported a 15.1% year-on-year revenue growth to 3.585 billion yuan, driven by its innovative drug business, which accounted for 77.4% of total revenue [9] - The company has multiple innovative drugs in the pipeline, with significant potential for future growth, including two new drug applications expected to be submitted within the next 1-2 years [9]