亚太股市齐涨，SK海力士涨超3%，白银日内涨超3%，铜价再创新高

Core Viewpoint - Asian stock markets reached a historical high on Tuesday, driven by technology stocks, with significant price increases anticipated in server DRAM, particularly in DDR5 and HBM segments, benefiting from AI demand [1][2] Group 1: Market Performance - The MSCI Asia-Pacific Index rose by 1.1%, with a stock ratio of over 2:1 in favor of gainers [1] - The South Korean Composite Index surpassed 4500 points, with SK Hynix shares increasing by 3.3% to a record high [6] - The Nikkei 225 Index rose over 1%, approaching last year's record high, while the Tokyo Stock Exchange Index reached a new record [6] - The Taiwan Weighted Stock Index increased by 1.4% to 30,511.610 points, marking a historical high [6] - The Singapore Straits Times Index hit an intraday historical high [6] Group 2: Valuation and Investment Trends - Despite three consecutive years of growth, Asian stocks remain relatively cheap compared to U.S. tech stocks, with the MSCI Asia-Pacific Index trading at a P/E ratio of 15, while the S&P 500 Index is at 22 and the Nasdaq 100 Index at 25 [2] - Japanese markets are particularly strong, with retail investors driving some of the gains, and foreign investors are expected to re-enter the Japanese market due to easing portfolio rebalancing pressures [2][4] Group 3: Policy and Economic Outlook - Morgan Stanley analysts predict a strong year for risk assets, supported by a combination of fiscal, monetary, and regulatory policy easing [5] - The overall bullish sentiment in the stock market remains intact, with expectations for stronger earnings growth and a revival in AI financing and M&A activities [7]