The selling pressure on tech stocks has temporarily eased, and U.S. stock index futures have slightly rebounded, with risk aversion driving significant increases in gold, silver, and copper. China's industrial added value above designated size increased by 4.8% year-on-year in November, crude steel production continued to decline, new energy vehicle growth was 17%, and high-tech manufacturing grew rapidly. The Bank of Japan may start reducing ETF holdings as early as January, selling only 330 billion yen per year. Japanese manufacturing confidence reached a four-year high, adding "more weight" to the possibility of a rate hike in December. SK Hynix's internal analysis revealed that DRAM shortages will continue until 2028. U.S. space concept stocks rose before the market, with Destiny Tech 100 and EchoStar Communications both briefly rising nearly 4%. SpaceX may go public in 2026 with an estimated valuation of about $800 billion. iRobot's U.S. stock plummeted over 80% before the market, after the company filed for bankruptcy and sought to acquire a manufacturer. Citigroup has set a target of 7,700 points for the S&P 500 index in 2026, expecting AI to remain a key theme. JPMorgan's outlook for the storage market in 2026: this year's tech giants' market value is approaching $1 trillion, and $1.5 trillion by 2027. The Nikkei 225 closed down 1.3%, the Shanghai Composite Index closed down 0.55%; the Hang Seng Index closed down 1.34%
