Group 1 - The Australian S&P/ASX 200 index continued its downward trend, falling 0.4% to around 8780 points, marking the third consecutive trading session of declines, driven by cautious market sentiment [1] - The banking sector, which holds significant weight in the index, was a major contributor to the decline, with an overall drop of 1.3%, reaching a six-week low, as all four major Australian banks experienced losses, led by Commonwealth Bank with a decline of 2.1% [3] - Local technology stocks faced substantial selling pressure, with the sector down 2.3%, hitting a nine-month low, reflecting a decrease in market risk appetite and cautious capital allocation towards growth sectors [3] Group 2 - Despite the overall market weakness, certain sectors showed resilience, indicating a divergence in market performance; the mining sector saw positive movements, with Rio Tinto's stock rising 2.3% following the announcement of a production increase plan for 2025, boosting market confidence [4] - BHP also experienced a slight increase of 0.6% due to record iron ore production in the first half of the year, highlighting stable production as a key support for its stock price [4] - The gold sector emerged as a highlight in the market, with stock prices reaching historical highs driven by strong demand for safe-haven assets and a significant rise in international gold prices, reflecting heightened market risk aversion [4]

以下文章来源于e公司 ，作者证券时报 吴志 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能影响上市公司股价的 主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 A股逐步迎来业绩预告高峰。截至1月20日晚间，已有超过500家A股公司披露2025年业绩预告或业绩快报。 百余家公司预计净利翻倍 据证券时报记者统计，截至1月20日19时，共有525家A股公司披露2025年业绩预告或业绩快报，其中约200家企业预计2025年业绩实现增长，逾百 家企业预计归母净利润最高增幅将超过100%。 | | | 部分预告2025年净利润高增长的A股公司 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 预告净利润上限 (亿元) | 预告净利润同比 增长上限(%) | 业绩预告 类型 | | 300871.SZ | 回盛生物 | 2.71 | 1444.54 | 扭亏 | | 003035.SZ | 南网能源 | 3.60 | 719.35 | 扭亏 ...

Core Viewpoint - The Supreme People's Court has issued an interpretation regarding the application of laws in mineral resource dispute cases, effective from February 1, 2026, to ensure the implementation of the new Mineral Resources Law that took effect on July 1, 2025 [1][2]. Group 1: Legal Framework - The interpretation consists of twenty-three articles aimed at clarifying the rights and obligations of parties involved in mineral resource transactions [1]. - It allows the transferee to terminate contracts if they cannot legally obtain mining land due to the transferor's actions, thereby protecting the transferee's rights to explore and mine [1]. - The interpretation mandates compensation for mining rights holders if their rights are revoked for public interest or if they are required to exit protected natural areas [1]. Group 2: Environmental and Compensation Provisions - Mining rights holders who have fulfilled their ecological restoration obligations and passed inspections cannot be sued for ecological damage caused by their mining activities, barring new evidence [2]. - For public interest projects in energy, transportation, and water resources, if mining resources are overlapped without a compensation agreement, it does not constitute infringement, but fair compensation for losses incurred must be provided [2]. - Compensation includes the value of the mining rights, exploration investments, established mining facilities, and relocation costs [2].

Report Industry Investment Rating No relevant content provided. Core Views of the Report - Globally, the geopolitical landscape is undergoing adjustments, with the US - EU game as a key variable. The EU's freezing of the US - EU trade agreement approval process has led to a halt in bilateral economic and trade cooperation, triggering panic about a possible $4 trillion US debt sell - off by Europe. The traditional safe - haven status of US debt is challenged, and the financial market has entered a "safe - haven - dominated" stage. The US faces structural dilemmas, and global capital is shifting to diversified allocation. Domestically, in 2025, the economy showed structural differentiation. In 2026, with a GDP growth target of 4.5% - 5%, expanding domestic demand is the core focus. Fiscal and monetary policies are coordinated to support domestic demand, infrastructure investment, consumption stimulation, and industrial upgrading [2]. - For the RMB exchange rate, the appreciation foundation of the RMB against the US dollar is solid, but the appreciation process will be relatively moderate, affected by the strength of the US dollar index and the central bank's regulation [3]. - For the stock index, although there are many external disturbances, the bottom support of the stock index is strong [4]. - For treasury bonds, the short - term upward trend of the bond market is mainly driven by the stock market adjustment, and it is recommended to hold medium - term long positions and wait and see in the short term [6]. - For the container shipping European line, the short - term is expected to continue the volatile pattern, and it is recommended to wait and see [9]. - For lithium carbonate, the spot market may show "off - season not off" characteristics, and the futures are expected to be in a high - level wide - range volatile state. It is recommended to wait for the market risk to be fully released before entering the market [10]. - For industrial silicon and polysilicon, in the short term, the price of industrial silicon is likely to rise, and in the medium - long term, it is recommended to pay attention to the supply side [12]. - For copper, the exchange has strengthened supervision, and the short - term price is under pressure. It is recommended to be cautious when building new positions above 100,000 yuan [16]. - For aluminum, the short - term is affected by emotions and may fluctuate and correct, but there is upward space in the medium - long term; for alumina, it is in an oversupply situation and is expected to be weak; for cast aluminum alloy, it has strong follow - up to aluminum and is recommended to pay attention to the spread [18]. - For nickel - stainless steel, it is expected to be volatile in the short term, and attention should be paid to the quota issuance rhythm [19]. - For oilseeds, the external market of US soybeans is weak, the domestic soybean meal is affected by the reserve release, and the rapeseed meal may return to international pricing if the trade relationship improves [23]. - For oils, they are easy to rise and difficult to fall in the short term [23]. - For fuel oil, the high - sulfur market is still weak, and the low - sulfur cracking is sluggish [26][27]. - For asphalt, it will continue to fluctuate in the short term, and attention can be paid to positive spreads, 03 basis, and cracking long - matching opportunities [29]. - For platinum and palladium, the bull market foundation is still there, but attention should be paid to the opening jump phenomenon [33]. - For gold and silver, gold is strong, and silver is volatile. The overall trend of precious metals is easy to rise, but attention should be paid to the risk of silver's decline [34]. - For pulp - offset paper, the pulp market is relatively bearish, and the offset paper is expected to be neutral. It is recommended to wait and see [39][40]. - For LPG, the supply - demand relationship has weakened, and attention should be paid to geopolitical changes and domestic device maintenance [41]. - For PTA - PX, the short - term is affected by unexpected maintenance rumors, and it is recommended to buy on dips in the long term [41]. - For MEG - bottle chips, the demand side is under pressure, and the over - supply expectation suppresses the valuation [44]. - For methanol, the geopolitical logic continues, but the 05 contract's fundamentals have weakened marginally, and it is recommended to wait and see [45]. - For PP, it is necessary to pay attention to the PDH device dynamics, and the short - term supply - demand pattern is expected to be better than that of PE [48]. - For PE, it is turning to a pattern of increasing supply and decreasing demand and is expected to be weak in the short term [49]. - For pure benzene - styrene, the supply side has new changes, and the styrene price rose at night [49]. - For rubber, it is expected to fluctuate in a wide range and may stabilize in the short term, but external risks should be noted [53]. - For glass and soda ash, the supply - demand expectation is weak [55][56]. - For propylene, the supply - demand relationship has weakened, and attention should be paid to geopolitical and device changes [57]. - For rebar and hot - rolled coil, they are expected to fluctuate at a low level, and the price range is recommended [58][59]. - For iron ore, it is expected to fluctuate in a wide range, and the price is affected by macro expectations [60]. - For coking coal and coke, the disk is weak, and the long - term price may be under pressure if the macro situation changes [62]. - For live pigs, the cold wave has put pressure on the northern pig prices [63]. - For cotton, it is expected to fluctuate, and attention should be paid to downstream imports and orders [65]. - For sugar, it is expected to fluctuate under pressure, and attention should be paid to the production progress in Thailand and India [67]. - For eggs, the price is expected to be stable overall with local adjustments [69]. - For apples, the near - term contracts are affected by weak demand, and the far - term contracts are less affected. Attention should be paid to the stocking situation [74]. - For red dates, the short - term price may fluctuate at a low level, and attention should be paid to downstream procurement [75]. - For logs, although the price has broken through, it does not have the condition to continue to fall sharply. It is recommended to operate in the range of 750 - 795 [76]. Summary by Directory Financial Futures - **Market Information**: The EU has frozen the US - EU trade agreement approval process; the ADP weekly employment report shows an average increase of 8,000 private - sector jobs per week; there are issues related to Greenland; domestic fiscal and financial policies are coordinated to promote domestic demand; the US Treasury Secretary reveals the progress of nominating the next Fed Chairman [1]. - **Core Judgments and Transmission Logic**: Geopolitical changes have led to a "safe - haven - dominated" global financial market. Domestically, expanding domestic demand is the focus in 2026, and fiscal and monetary policies are coordinated to support the economy [2]. - **Exchange Rate Analysis**: The RMB has a solid foundation for appreciation against the US dollar, but the process will be moderate, affected by the US dollar index and central bank regulation [3]. - **Strategy Recommendations**: Export enterprises are recommended to lock in forward settlement at around 7.01, and import enterprises are recommended to adopt a rolling purchase strategy at the 6.93 level [4]. Stock Index - **Market Review**: The stock index closed down collectively, and the trading volume increased slightly [4]. - **Important Information**: The Ministry of Finance has announced policies to support the economy, and there is a global bond - selling wave [4]. - **Market Interpretation**: The stock index was affected by geopolitical factors and short - term capital adjustments but has strong bottom support [4]. Treasury Bonds - **Market Review**: The treasury bond market rose, and the bond yield decreased [5]. - **Important Information**: The LPR remained unchanged, and policies were announced to expand domestic demand [6]. - **Core Views**: The short - term upward trend of the bond market is driven by the stock market, and it is recommended to hold medium - term long positions and wait and see in the short term [6]. Container Shipping European Line - **Market Review**: The container shipping index (European line) futures market closed down, and the trading volume was light [7]. - **Information Sorting**: The core contradiction is the game between the price cut of leading shipping companies and the repeated resumption of navigation. There are both positive and negative factors [8]. - **Trading Judgments**: It is expected to continue to fluctuate in the short term, and it is recommended to wait and see [9]. Commodities New Energy - **Lithium Carbonate** - **Market Review**: The futures price of lithium carbonate rose, and the trading volume increased [10]. - **Industry Performance**: The spot market of the lithium - battery industry chain was average, and the price of lithium ore and lithium salt increased [10]. - **Viewpoint**: The spot market may show "off - season not off" characteristics, and the futures are expected to be in a high - level wide - range volatile state [10]. - **Industrial Silicon and Polysilicon** - **Market Review**: The futures price of industrial silicon decreased, and that of polysilicon increased [11]. - **Industry Performance**: The industrial silicon spot market was average, and the photovoltaic industry spot market improved [12]. - **Viewpoint**: In the short term, the price of industrial silicon is likely to rise, and in the medium - long term, it is recommended to pay attention to the supply side [12]. Non - ferrous Metals - **Copper** - **Market Review**: The copper price continued to adjust, and the basis decreased [14]. - **Industry Information**: The exchange has adjusted the trading margin and price limit, and the inventory has changed [15]. - **Viewpoint**: The exchange has strengthened supervision, and the short - term price is under pressure [16]. - **Aluminum Industry Chain** - **Market Review**: The prices of aluminum, alumina, and cast aluminum alloy changed [17]. - **Core Views**: Aluminum may fluctuate and correct in the short term but has upward space in the medium - long term; alumina is in an oversupply situation and is expected to be weak; cast aluminum alloy has strong follow - up to aluminum [18]. - **Nickel - Stainless Steel** - **Market Review**: The prices of nickel and stainless steel decreased [18]. - **Industry Performance**: The spot market price and inventory of nickel and stainless steel changed [19]. - **Market Analysis**: It is expected to be volatile in the short term, and attention should be paid to the quota issuance rhythm [19]. Oils and Feeds - **Oilseeds** - **Market Review**: The price of rapeseed meal decreased, and the funds in the meal market continued to decline [21]. - **Supply - Demand Analysis**: The supply of imported soybeans may be in short supply in the first quarter, and the supply of rapeseed meal may increase if the trade relationship improves [22]. - **Outlook**: The external market of US soybeans is weak, the domestic soybean meal is affected by the reserve release, and the rapeseed meal may return to international pricing [23]. - **Oils** - **Market Review**: The prices of US soybean oil and Malaysian palm oil rebounded [23]. - **Supply - Demand Analysis**: The export of palm oil increased, and the policies of the US and Indonesia affected the market [24]. - **Viewpoint**: They are easy to rise and difficult to fall in the short term [23]. Energy and Oil and Gas - **Fuel Oil** - **Market Review**: The prices of high - sulfur and low - sulfur fuel oil changed [26]. - **Industry Performance**: The supply and demand of high - sulfur and low - sulfur fuel oil have different characteristics, and the inventory has changed [26]. - **Core Logic**: The high - sulfur market is still weak, and the low - sulfur cracking is sluggish [26][27]. - **Asphalt** - **Spot Situation**: The asphalt price was stable, and the supply and demand in different regions were different [28]. - **Fundamental Situation**: The supply and demand and inventory of asphalt have changed, and the price is affected by geopolitical factors [29]. - **Viewpoint**: It will continue to fluctuate in the short term, and attention can be paid to positive spreads, 03 basis, and cracking long - matching opportunities [29]. Precious Metals - **Platinum and Palladium** - **Market Review**: The prices of platinum and palladium rose [31]. - **Trading Logic**: Geopolitical and tariff issues have injected short - term safe - haven premiums [31]. - **Viewpoint**: The bull market foundation is still there, but attention should be paid to the opening jump phenomenon [33]. - **Gold and Silver** - **Market Review**: Gold rose, and silver fluctuated [34]. - **Trading Logic**: The geopolitical situation has increased the safe - haven demand for gold, and silver is affected by industrial demand and other factors [34]. - **Viewpoint**: Gold is strong, and silver is volatile. The overall trend of precious metals is easy to rise, but attention should be paid to the risk of silver's decline [34]. Chemicals - **Pulp - Offset Paper** - **Market Review**: The futures prices of pulp and offset paper fluctuated [37]. - **Spot Market**: The price of pulp was stable, and the port inventory increased [37][38]. - **Viewpoint**: The pulp market is relatively bearish, and the offset paper is expected to be neutral. It is recommended to wait and see [39][40]. - **LPG** - **Market Dynamics**: The LPG price decreased, and the spread changed [40]. - **Spot Feedback**: The spot price decreased, and the supply and demand and inventory have changed [41]. - **Viewpoint**: The supply - demand relationship has weakened, and attention should be paid to geopolitical changes and domestic device maintenance [41]. - **PTA - PX** - **Fundamental Situation**: The supply and demand of PX and PTA have changed, and the profit has decreased [41]. - **Viewpoint**: The short - term is affected by unexpected maintenance rumors, and it is recommended to buy on dips in the long term [41]. - **MEG - Bottle Chips** - **Inventory**: The inventory of MEG in East China ports has increased [43]. - **Fundamental Situation**: The supply and demand of MEG and polyester have changed, and the profit has been repaired [43]. - **Viewpoint**: The demand side is under pressure, and the over - supply expectation suppresses the valuation [44]. - **Methanol** - **Market Dynamics**: The methanol price changed [45]. - **Spot Feedback**: The basis and inventory of methanol have changed [45]. - **Viewpoint**: The geopolitical logic continues, but the 05 contract's fundamentals have weakened marginally, and it is recommended to wait and see [45]. - **PP** - **Market Dynamics**: The PP price decreased [45]. - **Spot Feedback**: The spot price of PP is different in different regions, and the supply and demand and inventory have changed [46]. - **Viewpoint**: It is necessary to pay attention to the PDH device dynamics, and the short - term supply - demand pattern is expected to be better than that of PE [48]. - **PE** - **Market Dynamics**: The PE price decreased [49]. - **Spot Feedback**: The spot price of PE decreased, and the supply and demand and inventory have changed [49]. - **Viewpoint**: It is turning to a pattern of increasing supply and decreasing demand and is expected to be weak in the short term [49]. - **Pure Benzene - Styrene** - **Market Review**: The prices of pure benzene and styrene changed [49]. - **Spot Feedback**: The spot prices of pure benzene and styrene decreased, and the basis increased [50]. - **Viewpoint**: The supply side has new changes, and the styrene price rose at night [49]. - **Rubber** - **Market Trends**: The rubber price stabilized slightly [52]. - **Related Information**: The LPR remained unchanged, and domestic policies were favorable [52]. - **Core Views**: The rubber price is expected to fluctuate in a wide range and may stabilize in the short term, but external risks should be noted [72]. - **Glass and Soda Ash** - **Soda Ash**: The price decreased, and the inventory decreased [55]. The supply is expected to be high, and the price is restricted by inventory [55]. - **Glass**: The price decreased, and the inventory decreased. The supply and demand are expected to be weak, and attention should be paid to the supply change [56]. - **Propylene** - **Market Dynamics**: The propylene price decreased [56]. - **Spot Feedback**: The spot price of propylene is different in different regions, and the supply and demand have changed [56]. - **Viewpoint**: The supply - demand relationship has weakened, and attention should be paid to geopolitical and device changes [57]. Black Metals - **Rebar and Hot - Rolled Coil** - **Market Review**: They fluctuated and fell, and were relatively resistant to decline compared to furnace materials [58]. - **Core Logic**: The production growth of finished products has slowed

Core Insights - The Democratic Republic of Congo (DRC) has submitted a shortlist of state-owned assets to the United States, including manganese, copper-cobalt, gold, and lithium projects for consideration by American investors under a mineral partnership framework [1] - This submission marks a significant advancement in the U.S. efforts to translate the peace and investment agreement with the DRC into tangible influence over critical mineral supply chains [1] - Following the agreement facilitated by former President Trump to ease tensions between the DRC and Rwanda in the eastern mineral-rich region, U.S. agencies have accelerated their acquisition of strategic metals [1] Industry Developments - The U.S. International Development Finance Corporation (DFC) has signed a mineral marketing cooperation agreement with the DRC's state mining company, Gecamines [1] - The DFC is also supporting the $553 million Lobito Corridor upgrade project, indicating a commitment to enhancing infrastructure related to mineral extraction and transportation [1]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Platinum: Supply disruptions and rising geopolitical risks will cause platinum to continue to fluctuate. In the short term, the platinum price may continue to fluctuate. In the future, the supply side has risks, and the demand side is in a structural expansion stage. It is expected that the platinum price will fluctuate strongly [3]. - Palladium: Tariff expectations and rising geopolitical risks will cause palladium to continue to fluctuate. In the short term, the palladium price may maintain a wide - range fluctuation. Although the long - term supply and demand of palladium tend to be loose, the short - term spot shortage supports the price, and the palladium price has a certain bottom support [4]. 3. Summary by Related Catalogs Platinum - **Market Situation**: As of January 20, 2026, the closing price of the GFEX platinum main contract was 619.35 yuan/gram, with a daily increase of 0.43% [2]. - **Main Logic**: South African floods may affect production and supply. Geopolitical and trade frictions are heating up, and the EU may counter Trump's tariff threat. The nomination of the new Fed chairman and US tariff expectations for platinum and palladium are also key factors. In the future, South Africa still has power supply and extreme weather risks on the supply side, and on the demand side, the automotive catalyst demand is stable, the hydrogen energy industry is a growth point, and jewelry and investment demand are expanding [3]. - **Outlook**: The supply - demand fundamentals are healthy and the macro - expectations are positive, so the platinum price is expected to fluctuate strongly [3]. Palladium - **Market Situation**: As of January 20, 2026, the closing price of the GFEX palladium main contract was 490 yuan/gram, with a daily increase of 1.97% [2]. - **Main Logic**: The expectation of a 50% tariff on palladium in the US was not fulfilled, and the price corrected. The US investigation report on Russian palladium has not been released, and the spot shortage supports the price. In the long - term, the supply - demand of palladium tends to be loose, but in the short - term, the spot shortage makes the price firm, and the Fed's interest - rate cut cycle provides bottom support [4]. - **Outlook**: The short - term spot shortage supports the palladium price, but in the medium - and long - term, it is restricted by weak fundamentals and low investment attributes, so the palladium price is expected to fluctuate [4]. Commodity Index - **Comprehensive Index**: The commodity index was 2414.16, down 0.15%; the commodity 20 index was 2773.48, down 0.23%; the industrial products index was 2308.47, down 0.34% [50]. - **Plate Index**: The non - ferrous metal index on January 20, 2026, was 2793.66, with a daily decline of 0.19%, a 5 - day decline of 2.04%, a 1 - month increase of 8.62%, and a year - to - date increase of 4.01% [52].

Precious Metals Industry - Central banks worldwide are increasing their gold reserves to diversify risk, with China's central bank having increased its gold holdings for 14 consecutive months [1] - The global monetary easing expectations are rising, leading to a weaker dollar, which enhances the attractiveness of precious and non-ferrous metals priced in dollars [1] - The market for precious metals is expected to experience a broad rally starting in early 2026, characterized by a resonance between financial and industrial attributes [1] - Key players in the precious metals sector include Shandong Gold, Zijin Mining, Chifeng Jilong Gold Mining, and Guoyuan Platinum, all of which are focusing on optimizing production and expanding operations [3] Non-Ferrous Metals Industry - The demand for non-ferrous metals such as silver, copper, and aluminum is growing due to the rigid requirements from emerging industries like photovoltaics, electric vehicles, and AI servers [1] - The market dynamics for non-ferrous metals are changing, driven by both traditional infrastructure demand and new energy sectors [1] - Major companies in the non-ferrous metals sector include Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, and Tin Industry Co., which are involved in mining, refining, and processing of various metals [4]

1、欧洲议会当地时间20日宣布冻结对去年7月与美国达成的贸易协议的批准程序，作为对特朗普关税威 胁的首次回应。 2、美国总统特朗普表示，若最高法院限制联邦政府关税政策，可采用许可制度等其他 替代手段推进相关议程。 3、波兰央行批准购买150吨 黄金的计划，完成后该国黄金储备将增至700吨， 跻身全球黄金储备量前10国家之列。 4、美国财政部长贝森特透露，特朗普最快下周敲定下一任美联储 主席人选，目前人选范围已缩小至四人。 5、奈飞将收购华纳兄弟探索公司的方案改为全现金支付，保 持对华纳每股27.75美元的估值，交易有望最快在4月进入股东投票阶段。 6、埃隆·马斯克在与瑞安航空 CEO爆发骂战后，发起投票探讨收购瑞安航空的可能性，并要求解雇该CEO。 7、美国遭遇股债汇三 杀，30年期国债收益率涨近8个基点至4.92%，美元指数下跌0.41%。丹麦 养老基金运营商 AkademikerPension表示将清仓美国国债。 8、日本债市遭遇近年最混乱交易日，30年期和40年期国债收 益率飙升逾25个基点。日本财务大臣呼吁投资者保持冷静，强调财政政策稳健，同时透露日本计划投入 超3300亿美元用于 人工智能与芯片领域 ...

从短期走势看，经季节性调整后，2025年11月南非矿业产量环比下降5.9%。不过，从阶段性表现来 看，截至11月的三个月矿业产量较此前三个月仍增长1.6%，显示行业整体仍具一定韧性。 分析人士指出，美国关税政策引发的通胀压力、国际大宗商品市场波动以及南非国内物流和基础设施瓶 颈，仍是影响该国矿业稳定增长的主要因素。 （文章来源：新华财经） 新华财经约翰内斯堡1月21日电（记者靳博文） 南非统计局20日数据显示，2025年11月该国矿业产量同 比下降2.7%，为该国矿业自2025年4月以来首次出现同比下滑，最新数据亦明显低于市场此前普遍预期 的3.9%增幅。 数据显示，矿业整体走弱主要受多项核心矿产品产量下降拖累。其中，煤炭产量同比下降7.9%，铁矿 石下降7.6%，铂族金属下降2.8%，黄金下降6.0%。但与此同时，锰矿产量同比增长17%，表现相对强 劲，在一定程度上对整体矿业产量形成对冲支撑。 除产量波动外，持续攀升的运营成本亦对南非矿业形成长期制约。南非矿业理事会日前发布数据显示， 2025年11月该国电力成本同比飙升近16%，水成本同比上涨11.6%，劳动力成本亦同比上升约6%。高企 的生产成本已导致近 ...

Market Performance - Southeast Asia ETF rose by 2.93% over the two-week period from January 3, 2026, to January 16, 2026, outperforming China, the UK, the US, and India, but underperforming Japan, Latin America, and Africa[2] - The Southeast Asia Technology ETF increased by 1.51%, lagging behind the broader Southeast Asia ETF by 1.42 percentage points[2] Country-Specific Performance - iShares MSCI Indonesia ETF increased by 2.18%, underperforming the Southeast Asia ETF by 0.75 percentage points, supported by positive growth forecasts and economic recovery data[3] - iShares MSCI Singapore ETF rose by 1.08%, underperforming by 1.85 percentage points, with strong trading data and optimistic economic outlooks providing support[3] - iShares MSCI Thailand ETF gained 0.67%, underperforming by 2.26 percentage points, influenced by expectations of interest rate cuts and weak economic growth prospects[3] - iShares MSCI Malaysia ETF increased by 3.14%, outperforming by 0.20 percentage points, driven by a decline in unemployment to a multi-year low and targeted government financial support measures[3] - Global X MSCI Vietnam ETF edged up by 0.08%, underperforming by 2.85 percentage points, with stable performance supported by strong trade fundamentals[3] Trading Volume and Liquidity - The trading volume for Global X FTSE Southeast Asia ETF reached 529,000 shares, a week-on-week increase of 87.3%[14] - iShares MSCI Singapore ETF saw a trading volume of 8.583 million shares, up by 49.3% week-on-week[14] - iShares MSCI Indonesia ETF trading volume was 4.445 million shares, increasing by 119.8% week-on-week[14] Economic Indicators - Malaysia's unemployment rate fell to 2.9%, the lowest in 11 years, indicating a resilient job market[22] - Indonesia's GDP growth for Q4 2025 was reported at 5.45%, marking a recovery trend[16]