A-share retail sector rebounded in the short term, with Dongbai Group hitting the daily limit, Zhongbai Group rising more than 5%, and other stocks such as Baida Group, Youhao Group, Boshi Glasses, Aiside, and Hongqi Chain following suit.

Domestic News: 1. Financial support accelerates the construction of the Western Land-Sea New Corridor; eight departments jointly release 21 measures. 2. The "Catalogue of Industries Encouraging Foreign Investment (2025 Edition)" is released and will take effect on February 1, 2026. 3. The Ministry of Foreign Affairs responds to the US's proposed tariffs on China's semiconductor industry: We firmly oppose unreasonable suppression of Chinese industries. 4. Beijing further optimizes its real estate policies, adjusting housing purchase restrictions, optimizing personal housing loan policies, and increasing public housing fund support for housing consumption. 5. The Monetary Policy Committee of the People's Bank of China holds its fourth quarterly meeting of 2025. 6. The State Administration for Market Regulation and other departments issue the "Special Action Plan for the Governance of Quality and Safety of Industrial Products Sold Online (2025-2027)". 7. The People's Bank of China: Conducted 400 billion yuan of MLF operations on December 25. 8. Beijing optimizes and adjusts its housing purchase restriction policy. International News: 1. Japan plans to reduce its issuance of ultra-long-term government bonds in fiscal year 2026 to approximately 17 trillion yen, the lowest level in 17 years. 2. Cambodia's Ministry of Defense claims Thai fighter jets dropped cluster bombs; the Thai military stated the attacks were only targeted at military objectives. 3. Sources say Nvidia has suspended testing of Intel's 18A manufacturing process. 4. Russia believes the latest US peace plan proposal lacks key provisions and hopes for revisions. 5. OpenAI is reportedly exploring prioritizing advertising content in ChatGPT responses. 6. Precious metals fell across the board: spot gold fell nearly 0.5%, spot silver fell 0.8%, spot palladium fell 9%, and spot platinum fell 4%.

Spot silver extended its intraday gains to 1.00%, currently trading at $72.18 per ounce.