黄金回调，原油上涨，商品基金涨幅0.29%

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The report highlights a significant increase in crude oil prices by 29.35% due to geopolitical tensions, while gold prices have decreased by 2.17%. The commodity fund recorded a growth of 0.29% [3][52]. - The A-share market saw a decline, with the Shanghai Composite Index closing at 4124.19, down by 0.93%. The Shenzhen Component Index and other indices also experienced declines, with the largest drop being 7.14% for the CSI 2000 [7][8]. - In the bond market, the yields for 1-year, 3-year, and 10-year government bonds were 1.29%, 1.36%, and 1.78%, respectively, with slight decreases in yields [25]. - The fund market saw the establishment of 10 new funds, including 7 equity funds and 2 fixed income + funds, with notable sizes for the funds established [43]. Summary by Sections 1. Major Asset Market Overview (1) Equity - The Shanghai Composite Index closed at 4124.19, with a decline of 0.93%. The Shenzhen Component Index and other indices also saw declines, with the largest drop being 7.14% for the CSI 2000. The oil and petrochemical sectors showed significant gains of 8.06% and 3.79%, respectively, while media and technology sectors faced declines of 6.97% and 5.29% [7][8]. (2) Bonds - The report indicates that the 1-year, 3-year, and 10-year government bond yields are 1.29%, 1.36%, and 1.78%, respectively, with slight decreases in yields. The credit spreads for 1-year AAA corporate bonds and local government bonds were 35.63 BP and 36.19 BP, respectively [25][27]. (3) Commodities - The commodity market experienced a notable increase in crude oil prices by 29.35%, while gold prices decreased by 2.17%. Other commodities like industrial silicon and lithium carbonate also showed positive trends [35][36]. (4) Foreign Exchange - The report notes the exchange rates of major currencies against the RMB, with the US dollar appreciating by 0.62% while the euro depreciated by 1.19% [40][42]. 2. Fund Market Overview (1) New Fund Establishments - A total of 10 new funds were established, including 7 equity funds and 2 fixed income + funds, with significant sizes for the funds established [43]. (2) Quantity and Scale - As of March 6, 2026, there are 13,731 open-end public funds with a total scale of 37.68 trillion RMB. Equity funds account for the largest number at 7,376, while fixed income funds hold the largest scale at 23.65 trillion RMB [45][51]. (3) Performance - The report indicates that commodity funds had a relative increase of 0.29%, while QDII and equity funds faced declines of 2.85% and 2.52%, respectively [51][52].