Yesterday, the three major US stock indices all declined. The Dow Jones Industrial Average fell by 0.51%, the S&P 500 retreated by 0.35%, and the Nasdaq dropped by 0.50%. The logic behind this is quite clear — it's the end of the year, and institutional investors are rethinking whether the AI industry can continue to explode next year, quietly adjusting their portfolios while doing the math. As a result, tech stocks naturally couldn't hold up, with funds flowing into defensive sectors like real estate and utilities. Among the seven tech giants, Tesla was the hardest hit, with a single-day drop of 3.27%.

On the geopolitical front, the Russia-Ukraine peace negotiations have become the main driver of market sentiment. The US side announced that negotiations are in the "final sprint" stage, and both sides are "close to signing an agreement." Once this expectation emerged, risk appetite immediately loosened.

The commodity markets are also performing. On the 29th, international precious metals prices collectively plummeted, with silver futures experiencing the largest single-day drop in nearly five years. However, oil prices strengthened, with London Brent crude February futures closing at $61.94, up 2.14%.

In the Chinese concept stock sector, the Nasdaq China Golden Dragon Index dipped slightly by 0.67%, but NIO rose over 5% against the trend, and Baidu also increased by more than 1%. However, Alibaba fell over 2%, Miniso dropped nearly 2%, and Bilibili declined by more than 1%.