①美国三大股指收盘涨跌不一，道指涨0.03%报49499.2点，标普500指数跌0.54%报6908.86点，纳指跌 1.18%报22878.38点； ②大型科技股多数下跌，英伟达跌超5%，创去年4月16日以来最大单日跌幅；英特尔跌逾3%，特斯拉 跌超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、Meta小幅上涨； ③热门中概股多数下跌，盛美半导体跌超16%，百济神州跌逾8%，万国数据跌超7%，名创优品跌近 6%，百度集团跌超5%，贝壳跌逾5%；涨幅方面，大健云仓涨超33%，玉柴国际涨逾6%，希尔威金属 矿业涨超4%，小马智行涨逾4%； ④欧洲三大股指收盘全线上涨，德国DAX指数涨0.45%报25289.02点，法国CAC40指数涨0.72%报 8620.93点，英国富时100指数涨0.37%报10846.7点； ⑤国际贵金属期货普遍收跌，COMEX黄金期货跌0.47%报5201.50美元/盎司，COMEX白银期货跌3.02% 报88.86美元/盎司； ⑥美油主力合约收涨0.08%，报65.47美元/桶；布油主力合约涨0.48%，报71.03美元/桶； ⑦纽约尾盘，美元指数涨0.13%报97. ...

美油、布油 期货涨幅扩大至3%，分别报64.13美元/桶和69.441美元/桶。 ...

地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告资讯信息来源于万得资讯和金十数据，冠通研究整理编辑 本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不构成对所述品种买卖的出价或征价。我公司及其雇员对使用本报告及其内容所引发的 任何直接或间接损失概不负责。本报告仅向特定客户传送，版权归冠通期货所有。未经我公司书面许可， 任何机构和个人均不得以任何形式翻版，复制，引用或转载。如引用、转载、刊发，须注明出处为冠通期 货股份有限公司。 资讯早间报 发布日期：2026/2/13 隔夜夜盘市场走势 1. 国际贵金属期货大幅下跌，COMEX 黄金期货跌 3.08%报 4941.4 美元/盎司， COMEX 白银期货跌 10.62%报 75.01 美元/盎司。 2. 美油主力合约收跌 2.66%，报 62.91 美元/桶；布油主力合约跌 2.61%，报 6 ...

地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告资讯信息来源于万得资讯和金十数据，冠通研究整理编辑 本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不构成对所述品种买卖的出价或征价。我公司及其雇员对使用本报告及其内容所引发的 任何直接或间接损失概不负责。本报告仅向特定客户传送，版权归冠通期货所有。未经我公司书面许可， 任何机构和个人均不得以任何形式翻版，复制，引用或转载。如引用、转载、刊发，须注明出处为冠通期 货股份有限公司。 资讯早间报 发布日期：2026/2/12 隔夜夜盘市场走势 1. 国际贵金属期货普遍收涨，COMEX 黄金期货涨 1.53%报 5107.80 美元/盎司， COMEX 白银期货涨 4.60%报 84.08 美元/盎司。 2. 美油主力合约收涨 1.45%，报 64.89 美元/桶；布油主力合约涨 1.15%，报 6 ...

Report Summary 1. Report Industry Investment Rating No relevant information is provided in the report. 2. Core Viewpoints The report presents a comprehensive overview of the overnight night - trading market trends, important macro and industry - specific news, and financial market conditions across various sectors including commodities, stocks, bonds, and foreign exchange. It offers insights into price movements, policy announcements, and corporate developments that could potentially impact investment decisions. 3. Summary by Directory Overnight Night - trading Market Trends - International precious metal futures generally closed lower, with COMEX gold futures down 0.62% at $5047.90 per ounce and COMEX silver futures down 2.01% at $80.58 per ounce [4][48] - U.S. oil and Brent oil futures declined slightly, with U.S. oil down 0.25% at $64.2 per barrel and Brent oil down 0.04% at $69.01 per barrel [5][48] - Most London base metals rose, except for copper and aluminum; LME nickel rose 1.16% to $17,550.0 per ton, zinc rose 0.67% to $3398.0 per ton, etc. [5][48] - Domestic futures contracts showed mixed results, with propylene up over 2%, while glass and palm oil were among the decliners [6] Important News Macro News - The People's Bank of China will continue to implement a moderately loose monetary policy and use various tools to ensure economic stability and reasonable price increases [9] - India is in talks with multiple countries for cooperation in the key minerals field, focusing on lithium and rare earths [9] - Iran's Air Force is on the highest - level combat readiness [9] - The Shanghai Futures Exchange imposed trading restrictions on some accounts for exceeding trading limits [10] - The U.S. Trade Representative expects to finalize an agreement with Indonesia in the coming weeks [11] - U.S. retail sales in December 2025 were unexpectedly flat, indicating cautious consumer spending [13] Energy and Chemical Futures - Dalian Commodity Exchange adjusted the price limit and trading margin for styrene, liquefied petroleum gas, and pure benzene futures contracts [15] - Malaysia is the world's largest natural rubber producer, and the export value of natural rubber gloves accounts for 46% of its rubber product exports [15] - The EIA revised its oil price forecasts for 2026 and 2027 [15][49] Metal Futures - PLS signed a two - year lithium concentrate supply agreement with Tianyi Lithium Industry, with a guaranteed floor price [17] - A small recycled lead smelter in South China suspended production and will resume after the Lantern Festival [18] - As of February 9, 2026, zinc ingot inventories in major domestic markets increased [20] - Angola's first major copper mine shipped its first batch of copper concentrate [20] Black Futures - Dalian Commodity Exchange adjusted the price limit and trading margin for iron ore, coke, and coking coal futures contracts [22] - Iron ore inventories at seven major ports in Australia and Brazil decreased from February 2 - 8, 2026 [22] Agricultural Futures - The price of crude palm oil in Malaysia is expected to be between 3,900 and 4,000 ringgit per ton in 2026 [24] - As of February 6, 2026, domestic commercial inventories of three major oils slightly increased [24] - As of February 4, 2026, the hog - corn ratio decreased compared to January 28, 2026 [26] - Malaysian palm oil exports from February 1 - 10, 2026 decreased compared to the same period last month [26] - In January 2026, Malaysian palm oil exports increased, while production and inventory decreased [26] - France slightly increased the sowing area forecast for winter soft wheat and rapeseed in 2026 [27] - The supply and demand situation of Chinese soybeans remains stable, with a clear picture of a bumper harvest in South America [27] - As of February 10, 2026, national soybean oil port inventories increased [28] - The EU plans to gradually phase out biofuels made from palm oil and soybean oil [28] - The U.S. Department of Agriculture maintained or adjusted its production and inventory forecasts for soybeans in the U.S., Argentina, and Brazil [30] Financial Markets Financial - A - share markets showed a narrow - range movement, with the Shanghai Composite Index up 0.13% [32] - Hong Kong's Hang Seng Index rose 0.58%, and related technology and enterprise indices also increased [32] - Foreign institutions are optimistic about Chinese assets [32] - Ge Weidong and Zhang Jianping each invested 1 billion yuan in Jianghuai Automobile [34] - *ST Lifang will resume trading on February 11, 2026, and there is a risk of forced delisting [34] Industry - Five departments jointly issued an opinion to support the development of low - altitude infrastructure [35] - The National Health Commission warned about the chaos in the "light medical beauty" industry [35] - Relevant departments promoted the application of artificial intelligence in the bidding field [35] - In 2025, the national social logistics volume increased by 5.1% year - on - year [35] - The National Healthcare Security Administration announced the preliminary results of the new round of drug procurement [36] - As of February 10, 2026, the pre - sale box office of the 2026 Spring Festival movies exceeded 100 million yuan [38] Overseas - U.S. President Trump may send an aircraft carrier strike group to the Middle East if the negotiation with Iran fails [39] - Ukrainian President Zelensky modified military service regulations [39] - Some Federal Reserve officials believe that the current policy stance is appropriate and may remain unchanged [39] - The U.S. plans to exempt some tech giants from chip tariffs [40] - U.S. retail sales in December 2025 were weaker than expected [40] - Japan will hold a special parliamentary session, and Koichi Hagiuda is likely to win the prime ministerial election [42] - The European Parliament passed an amendment to the European Climate Law [42] International Stock Markets - U.S. stock indices showed mixed results, with the Dow Jones rising 0.1% and the S&P 500 and Nasdaq falling [43] - European stock indices also showed mixed results, affected by multiple factors [43] - The Japanese stock market reached a new high, and the Nikkei 225 rose 2.28% [44] - CME will launch single - stock futures this summer [44] - Paramount improved its acquisition offer for Warner Bros. Discovery [46] - Coca - Cola's Q4 2025 revenue increased by 2%, and its 2026 forecast was lower than market expectations [46] - Amundi will reduce its exposure to U.S. dollar assets [47] Commodities - International precious metal futures declined due to factors such as the Fed's stance and speculative capital outflows [48] - Oil prices fell due to an increase in U.S. crude oil inventories [48] - Most London base metals rose, except for copper and aluminum [48] - The EIA revised its oil price forecasts for 2026 and 2027 [49] Bonds - The inter - bank bond market showed narrow - range fluctuations, and the central bank conducted reverse repurchase operations [51] - Japan's national debt reached a record high at the end of 2025 [51] - U.S. Treasury yields fell across the board [51] Foreign Exchange - The on - shore RMB against the U.S. dollar rose, reaching a new high since May 2023 [52] - The U.S. dollar index rose slightly, and most non - U.S. currencies declined [52] Upcoming Events - There will be multiple important events on February 11, 2026, including central bank operations, official press conferences, and corporate earnings announcements [55] - The Japanese market will be closed on February 11, 2026, due to the "National Foundation Day" [57]

Report Summary 1. Overnight Night Market Trends - International precious metal futures generally closed higher, with COMEX gold futures rising 2.10% to $5084.20 per ounce and COMEX silver futures surging 8.00% to $83.05 per ounce [4]. - U.S. crude oil and Brent crude oil main contracts both increased, with U.S. crude rising 1.37% to $64.42 per barrel and Brent crude climbing 1.59% to $69.13 per barrel [5]. - London base metals all went up, with LME tin leading the gain, rising 6.63% to $49815.0 per ton [5]. - Domestic futures main contracts showed mixed results, with caustic soda rising over 2% and some other commodities also posting gains, while styrene and coking coal dropped over 1% [5]. 2. Important Information Macro Information - In January, China's futures market trading volume and turnover increased by 65.09% and 105.14% year - on - year respectively [8]. - As of February 9, 2026, the Shanghai Export Containerized Freight Index (European Route) dropped 7.5% compared to the previous period [9]. - The Ministry of Commerce will take multiple measures in 2026 to promote the expansion and quality improvement of automobile consumption [9]. - The U.S. White House official expects employment data to decline but not to cause panic [10]. - The U.S. Maritime Administration advised ships to avoid Iranian waters [10]. Energy and Chemical Futures - As of February 9, 2026, the inventory of styrene in Jiangsu ports decreased by 11.42% [11]. - The Shanghai International Energy Exchange adjusted the daily price limit and margin ratio for some contracts [13]. - The operating rate of Chinese LOW - E glass sample enterprises decreased by 2.7% [13]. Metal Futures - As of February 9, 2026, the inventory of electrolytic aluminum in major Chinese markets increased by 2.2 tons [15]. - The Guangzhou Futures Exchange adjusted the price limit and margin standards for lithium carbonate, platinum, and palladium futures contracts during the Spring Festival [15]. - The Shanghai Gold Exchange adjusted the margin ratio and price limit for some contracts [15]. - In Indonesia, some mines' RKAB were fully approved, and the price of far - month futures quotes increased [16]. - Due to production cuts by some enterprises, the output of polysilicon decreased in February and the inventory increased slightly [18]. - The U.S. Treasury Secretary said that gold seemed to be in a typical speculative selling situation [19]. Black - Series Futures - From February 2 to February 8, 2026, the global iron ore shipment volume decreased, as well as the shipment volume from Australia and Brazil [21]. - The arrival volume of iron ore at Chinese ports decreased from February 2 to February 8, 2026 [21]. - Australian ports affected by the hurricane resumed operations [21]. - An Ansteel blast furnace will be under maintenance from February 25, affecting the daily iron - making output [22]. Agricultural Product Futures - In Argentina, the soybean sowing in the 2025/2026 season ended, but the crop growth and moisture conditions deteriorated [25]. - The domestic soybean crushing volume reached a near - record high, and is expected to decline during the Spring Festival [25]. - In Brazil, the soybean harvest area reached 16% of the expected area, and the second - season corn sowing area reached 22% [25]. - A U.S. exporter sold 26.4 tons of soybeans to China [26]. - India's palm oil demand is expected to rebound, but the competition from soybean oil will limit its growth [26]. - The U.S. soybean export inspection volume decreased, and the proportion of exports to China increased [26]. 3. Financial Market Financial - On Monday, the A - share market rose significantly, with the Shanghai Composite Index rising 1.41%, and market turnover increasing [28]. - The Hong Kong stock market also closed higher, but the southbound capital sold nearly HK$1.9 billion [28]. - By the end of January 2026, the number of Chinese billion - dollar private equity managers reached a record high, and most of them achieved positive returns [28]. - A JPMorgan analyst said that if anti - involution is effective, the A - share market may have a "slow - bull" market in 2026 [29]. Industry - The Ministry of Commerce will take measures to promote automobile consumption [30]. - Market regulators introduced new regulations for liquid food transportation [32]. - Chongqing introduced real - estate policies, including housing purchase subsidies [32]. - A global humanoid robot fighting league was launched [32]. - The "companion occupation" emerged, but needs standardization [32]. - Goldman Sachs predicted a severe supply shortage in the global memory market from 2026 - 2027 [33]. - Memory prices increased by 80% - 90% in the first quarter of 2026 [33]. Overseas - The U.S. is reducing tariffs on Bangladeshi goods [34]. - There were political upheavals in the UK [36]. - The U.S. employment growth is expected to slow down [36]. - The U.S. Energy Secretary will visit Venezuela [36]. - The French central bank governor will step down early [36]. - The Japanese Prime Minister proposed food tax cuts [36]. International Stock Markets - U.S. stock indexes closed higher, led by technology stocks [37]. - European stock indexes also rose, supported by sector rotation [38]. - Japanese and South Korean stock indexes soared, driven by different factors [40]. - A short - selling institution apologized for a false accusation against an AppLovin shareholder [40]. Commodities - Multiple exchanges adjusted the price limit and margin ratio for futures contracts [41]. - Hong Kong plans to include precious metals in the preferential tax system for funds and family offices [42]. - International precious metals, crude oil, and base metals futures generally rose [44]. Bonds - The Chinese bond market continued to perform well, and the central bank conducted reverse repurchase operations [45]. - Japanese investors' bond - buying behavior changed in 2025 [45]. - Most U.S. Treasury yields declined [45]. Exchange Rates - The on - shore and offshore RMB against the U.S. dollar rose, and the U.S. dollar index fell [47]. 4. Upcoming Data and Events - There are multiple economic data releases scheduled in different countries, such as Japan's January M2, Singapore's Q4 2025 GDP, etc. [49] - There are also various events, including central bank operations, corporate earnings reports, and official speeches [49]

隔夜夜盘市场走势 1.国际贵金属期货普遍收跌，COMEX 黄金期货跌 3.08%报 4798.10 美元/盎司， COMEX 白银期货跌 16.64%报 70.35 美元/盎司。芝商所与上期所上调黄金白银保 证金及涨跌停板限制，抑制市场流动性；同时美联储官员强调维持紧缩政策，削 弱避险需求，共同导致贵金属价格下跌。 2. 美油主力合约收跌 3.1%，报 63.12 美元/桶；布油主力合约跌 2.98%，报 67.39 美元/桶。伊朗确认将与美国谈判，缓解了市场对军事冲突导致供应受阻的担忧， 同时美国私营部门就业数据引发对经济放缓及石油需求减弱的担忧，叠加原油供 应过剩预期，共同导致油价下跌。 地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告资讯信息来源于万得资讯和金十数据，冠通研究整理编辑 本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不 ...

Group 1 - The Democratic Party is seeking to delay the nomination process for the Federal Reserve Chair nominee, Kevin Warsh, until the criminal investigation into current Chair Jerome Powell and other Fed governors is concluded, although the committee chair Tim Scott believes Warsh's confirmation is highly likely [1] - The Federal Reserve announced that it will not adjust the capital levels of large banks during the 2026 stress test cycle and is considering multiple reforms to enhance transparency in the annual test [1] - The U.S. Treasury Department plans to maintain the current issuance scale of medium- and long-term bonds, with a total of $125 billion in bonds to be issued this quarter, including $58 billion in 3-year, $42 billion in 10-year, and $25 billion in 30-year Treasury bonds [1] Group 2 - The U.S. Bureau of Labor Statistics (BLS) will release the January non-farm employment report on February 11, with the ADP reporting only 22,000 new jobs in January, significantly below the expected 48,000 [2] - The ISM Services PMI index for January slightly decreased to 53.8, but still exceeded market expectations, indicating a slowdown in new orders and a contraction in export orders [2] - The Eurozone's January CPI rose only 1.7% year-on-year, the lowest level since September 2024, with core CPI dropping to 2.2%, the lowest since October 2021 [2] Group 3 - The UK National Institute of Economic and Social Research has raised its 2026 economic growth forecast for the UK from 1.2% to 1.4%, indicating the economy is nearing a normal state [3] - South Korea's foreign exchange reserves decreased for the second consecutive month in January, totaling $425.91 billion, down by $2.15 billion from the previous month due to government efforts to stabilize the foreign exchange market [3] Group 4 - The three major U.S. stock indices closed mixed, with the Dow Jones up 0.53% at 49,501.3 points, while the S&P 500 and Nasdaq fell by 0.51% and 1.51%, respectively [4] Group 5 - U.S. oil futures rose by 1.99% to $64.47 per barrel, while Brent crude increased by 2.09% to $68.74 per barrel [5] - International precious metal futures generally rose, with COMEX gold futures up 1.04% at $4,986.40 per ounce and COMEX silver futures up 5.36% at $87.77 per ounce [5] - U.S. Treasury yields were mixed, with the 10-year yield rising by 0.8 basis points to 4.274% and the 30-year yield increasing by 2.38 basis points to 4.918% [5] - The U.S. dollar index rose by 0.25% to 97.63, while most non-U.S. currencies declined against the dollar [5]

Group 1 - Oil and gas assets have performed well due to geopolitical tensions and extreme weather, with international oil prices significantly rising; WTI crude futures increased by 6.78% and Brent crude futures by 7.30% [1] - A rare winter storm in the U.S. Gulf Coast temporarily reduced crude oil production by approximately 2 million barrels per day, reinforcing expectations of short-term supply tightening and driving oil prices higher [1] - The National Bureau of Statistics reported that as of January 20, 2026, the price of liquefied petroleum gas (LPG) in circulation rose by 1.18% month-on-month, reaching 4482.2 yuan/ton, the highest since late September 2025 [1] Group 2 - The Huatai-PineBridge Oil and Gas ETF (561570) tracks the CSI Oil and Gas Industry Index, which includes 60 fundamentally strong A-share companies across various segments of the oil and gas industry, providing a convenient tool for investors to access the overall opportunities in the sector [2] - The ETF has attracted significant attention with continuous net inflows for six consecutive trading days, accumulating over 86 million yuan, and the average daily trading volume exceeding 33 million yuan, significantly higher than the levels seen in 2025 [2] - The fund manager, Huatai-PineBridge, is one of the first ETF managers in China, with a strong track record, and offers competitive fee structures to help investors minimize costs [2]

1. Report Industry Investment Rating - No information provided in the report. 2. Core Viewpoints - The overall trend of the domestic commodity futures market is mostly downward, with significant drops in precious metals and base metals, while some energy - chemical products show slight increases. In the financial market, the A - share market has different performance trends in various sectors, and the real estate market shows signs of stabilization. The global economic and political situation is complex, with potential impacts on the financial and commodity markets [4][41][42] 3. Summary by Directory Overnight Night - Market Trends - In the domestic commodity futures market on the 30th, most products closed lower. Shanghai silver hit the daily limit down with a 17% drop, Shanghai gold fell over 9%, and other metals like Shanghai tin, copper, and nickel also had significant declines. However, caustic soda rose nearly 3% and PVC rose over 2%. In the London base metals market, all metals declined. In the oil market, the US oil and Brent oil main contracts rose slightly, and the increase in net long positions in Brent crude reflected a bullish sentiment [4] Important Information Macroeconomic Information - Israel and the US are collaborating on potential military actions against Iran. China's National Development and Reform Commission and National Energy Administration issued a notice to improve the capacity price mechanism on the power generation side. In 2025, China's national general public budget revenue was 21.6 trillion yuan, a 1.7% decrease from 2024. Shipping indices declined, while the prices of polysilicon and silicon wafers increased at the end of 2025, and the price of thermal coal also rose. The China Securities Regulatory Commission solicited opinions on regulatory changes, and Trump nominated Kevin Warsh as the Fed Chair. The Fed's Bostic suggested no need for interest rate cuts. The manufacturing PMI in January was 49.3%, a 0.8 - percentage - point drop from the previous month [7][8][9][11][12] Energy - Chemical Futures - The output and capacity utilization of Chinese styrene factories decreased slightly in the week ending January 29. The US relaxed sanctions on Venezuela's downstream oil production. OPEC+ decided to suspend production increase in March 2026 due to seasonal factors [14][15][16] Metal Futures - The Thai Futures Exchange temporarily suspended trading of online gold futures. Chinese banks issued risk warnings and adjusted business rules for precious metal investments. The price of Indonesian nickel ore increased, and the Shanghai Futures Exchange will conduct a simulation trading of nickel futures and options. The lithium ore sector declined, but companies reported normal operations. A lead refinery in East China planned to suspend production, and the Osaka Exchange triggered a "circuit - breaker" for platinum futures. The production and sales of lithium concentrate by Pilbara had different trends, and the margin requirements for gold and silver futures were increased [18][21][23][26][27] Black - Series Futures - China adjusted the lower limit of the medium - and long - term coal - power market trading price. In 2025, China's steel exports increased in volume but decreased in price. The purchase prices of coke by steel mills in Shandong and Hebei increased. A coal mine in Inner Mongolia passed the resumption inspection. The inventory and daily throughput of imported iron ore in ports changed, and the situation of steel mills' production and profitability also had corresponding changes. The Indonesian coal industry faced production quota cuts [29][31][33] Agricultural Product Futures - Indonesia raised the reference price of crude palm oil in February. The actual soybean crushing volume of domestic oil mills increased in the 5th week of 2026. The inventory of imported cotton at ports increased, and the pig - breeding profits changed. The soybean sowing in Argentina was almost completed, and the global sugar supply balance and Brazilian sugar production forecasts were adjusted [35][37][38] Financial Market Finance - From a resource boom to a cycle boom, the price - increase clues may run through the first quarter in the A - share market. The performance forecasts of A - share listed companies in 2025 showed different results in various industries. The performance of 29 securities firms in 2025 was mostly positive. The February gold - stock lists of securities firms were concentrated in certain industries, and the semiconductor and real estate sectors had different performance trends. The telecom service VAT rate of Chinese telecom companies was adjusted, and a fund had a trading suspension [40][41][42][43] Industry - In 2025, the "trade - in" policy boosted the sales revenue of household appliances and communication equipment retail industries, and rural consumption increased. China's shipbuilding industry maintained its leading position globally. Most domestic car companies had year - on - year sales growth in January. The price of second - hand housing in 100 cities decreased, while the new - house price had a structural increase. The global AI computing power construction drove the upgrade of power - equipment transformers. The scale of "fixed - income +" funds reached a record high [45][46][47] Overseas - Trump hoped the Fed Chair nominee Warsh could lower interest rates. A new round of tripartite talks between Ukraine, the US, and Russia was scheduled. The Indian government's borrowing in the 2026 - 27 fiscal year would reach a record high, and the deficit and debt - to - GDP ratios were expected to change. South Korea's semiconductor exports in January increased significantly, driving up the total export volume [48] International Stock Markets - The Indian and Saudi stock markets tumbled on February 1. India's proposed increase in securities trading taxes on stock index futures and options led to a sharp decline in the Indian stock market, and the Saudi stock market also had a significant drop [49] Commodity - The international gold price had the largest single - day decline in 40 years on January 30, and experts advised caution. The price of pure benzene rebounded strongly in January [50] Bond - Convertible bond funds became the focus in the context of the overall underperformance of bond funds, with some funds having high yields [51] Foreign Exchange - New regulations on RMB cash payment came into effect on February 1, and the Bulgarian lev withdrew from circulation on the same day [52][54] Upcoming Events - The Bank of Japan will release the summary of the January monetary policy meeting, the People's Bank of China will have 150.5 billion yuan of reverse repurchases due, the Deputy Governor of the Bank of England will give a speech, the Asia Virtual Reality XR Industry Exhibition will be held, there will be new stock subscriptions, and the Atlanta Fed President will speak [56]