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Market Overview - Chinese markets continued to rise, led by large financial stocks, with significant policy support for securities and insurance sectors[3] - European stocks declined as investors remained cautious about the fragile ceasefire between Israel and Iran[3] - US stocks faced resistance near record highs, with Nvidia (NVDA US) reaching a new peak, reclaiming the top market capitalization spot[3] Monetary Policy and Liquidity - The People's Bank of China announced a 300 billion CNY MLF operation to maintain liquidity, resulting in a net liquidity injection of 118 billion CNY after accounting for 182 billion CNY maturing[5] - The Fed's proposed capital regulation changes for large banks were disclosed, with Powell emphasizing the need for caution regarding interest rate cuts[5] Commodity and Forex Markets - US crude oil inventories fell for the fifth consecutive week, leading to a nearly 1% rebound in international oil prices[4][25] - International gold prices saw a slight increase, reflecting investor sentiment amid geopolitical tensions and Fed's cautious stance[4][25] Stock Performance - The Hang Seng Index rose 1.23%, marking four consecutive days of gains, driven by strong performances in the financial and insurance sectors[10] - The A-share market also saw gains, with the Shanghai Composite Index up 1.04%, reaching a new high since December 2024[14] Key Index Movements - Major US indices showed mixed results, with the Dow Jones down 0.25% to 42,982.4, while the Nasdaq rose 0.31% to 19,973.6[8] - In Europe, the DAX index fell 0.61% to 23,498.3, and the FTSE 100 dropped 0.46% to 8,718.75[8] Sector Highlights - In the Hong Kong market, the financial sector outperformed, with notable gains in brokerage stocks following regulatory support for virtual asset trading[10] - The technology sector in the US saw Nvidia leading gains, with a 4.33% increase, while Tesla's stock fell 3.79% due to declining sales in Europe[8] Bond Market Insights - US Treasury yields showed a slight increase, with the 5-year auction yield at 3.879%, slightly above pre-auction trading levels[28] - Asian bond markets remained active, with Japanese bonds showing resilience amid a broader market sell-off in the US[28]