2. A-share market recent performance + **Overall market:** + Daily transaction of 2.78 trillion, median drop of 0.37%, Chuang index drop exceeds 1%, commercial aerospace, brain-machine, CPO and other concept sectors collectively adjusted around 2.7%. + Three consecutive days of mechanical selling at 10 o'clock / 14 o'clock, but afternoon selling pressure weakened, the initial year surge momentum has been curbed, and trading volume returned to normal levels. + **Capital flows:** + Traditional sectors such as chemicals, real estate, banks, and coal received capital inflows, but the sustainability of the seesaw effect remains in doubt. + The precious metals sector rose 31% in January, in sync with international gold and silver price trends (silver peaked at 96 yuan/gram, gold broke through 4700 yuan/gram).

## 3. External situation and market correlation + **Impact of US-Europe confrontation:** + The Greenland dispute triggered tax retaliation from the US and Europe, with Europe planning to sell tens of trillions of US bonds, leading to a 30-year yield rising to 4.925% (a new high since September last year). + Geopolitical risks drive capital into gold, and the horizontal trend of virtual currencies may be indirectly affected by this. + **Regulatory dynamics:** The platform's seizure of individual stock trading related to the 83 million fine incident reminds media practitioners to pay attention to compliance risks.

## 4. Other market hotspots + **Copper bar speculation phenomenon:** The Shuibei market has seen 999.9 copper bars (premium of 80-150%), but there are hard injuries such as storage oxidation and trading wear, warning of speculation risks.

+ **Rich list update:** Musk's assets reached a historic high of 780 billion dollars, leading the third place by over 100 billion dollars.

+ **Individual stock fluctuations:** Pop Mart surged 9% due to a 251 million Hong Kong dollar buyback plan (cash on hand 20 billion), the stock price rebounded for the first time after being halved from its high of 339 Hong Kong dollars.