<p>In the precious metals market and the semiconductor storage frenzy, the three major U.S. stock indices continued to rise on Tuesday, with both the Dow Jones and S&amp;P 500 reaching new intraday and closing highs. The Dow closed up 484 points or 0.99% at 49,462 points; the S&amp;P 500 rose 42 points or 0.62% to 6,944 points; and the Nasdaq increased by 151 points or 0.65% to 23,547 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it retreated 0.78% to 7,836 points on Tuesday.</p>
<h2>Gold and Silver Prices Rise, Oil Prices Fall</h2>
<p>Geopolitical tensions continue to drive gold prices upward, rising over 1% on Tuesday to $4,494, and even reaching $4,500 this morning; silver prices surged over 6% on Tuesday to $81.27, approaching the historical high of $84.015. Additionally, oil prices fell by about 2%, with New York crude oil priced at $57.13 per barrel and London Brent crude oil at $60.70 per barrel.</p>
<h2>SanDisk Surges Over 27% in One Day, Setting New High</h2>
<p>On the other hand, the demand and prices for memory chips continue to rise, making storage-related stocks the market focus. SanDisk (SNDK) surged over 27% on Tuesday to $349.63, setting a new high since its listing; Western Digital (WDC) rose nearly 17%; Seagate Technology (STX) increased by 14%; and Micron Technology (MU) also rose by 10%.</p>
<h2>Xiaomi's Next-Generation SU7 Expected to Launch in April This Year</h2>
<p>In the Hong Kong stock market, the Hang Seng Index opened down 108 points at 26,601 points. Tech stocks showed mixed developments, with Alibaba (9988) opening down 2.45%; Tencent (700) rising 0.8%; Meituan (3690) unchanged; and JD.com (9618) up 0.35%. As for Xiaomi (1810), it announced that the next-generation SU7 is expected to launch in April this year, with its stock opening at HKD 38.76, unchanged.</p>
<h2>Weimob Partners with Alibaba's Taobao Flash Sale</h2>
<p>In addition, Weimob (2013) has reached a strategic cooperation with Alibaba Group's local life service platform Taobao Flash Sale, with both parties exploring business cooperation in areas such as instant retail, digital marketing, and technological innovation. Subsequently, Weimob will create an integrated solution for local retail to home and store, promoting Weimob clients to operate on the Taobao Flash Sale platform; Weimob will also enter the Taobao Flash Sale marketing business to expand merchant solution opportunities. The stock opened up over 7% at HKD 2.12.</p>
<p>Related stocks in non-ferrous metals continue to perform well, with China Hongqiao (1378) rising 1.5%; Shandong Gold (1787) up 1.4%; and Jiangxi Copper (358) and Zijin Mining (2899) also rising over 1%.</p>
<h2>Mao Geping Faces Shareholding Reduction by Major Shareholders Within 6 Months</h2>
<p>In individual stock news, Mao Geping (1318) announced that it received a notice of shareholding reduction plan from its major shareholder and executive director Mao Geping, along with Wang Liqun, executive directors Mao Nipin, Mao Huiping, Wang Lihua, and Song Hong. The aforementioned individuals plan to reduce their holdings of no more than 17.2 million H shares, which does not exceed 3.51% of the issued shares, primarily through block trades within the next six months
The stock opened at HKD 81.75, down about 0.3%.</p>
<p>In terms of northbound capital flow, there was a net purchase of HKD 2.879 billion in Hong Kong stocks yesterday, with Ping An Insurance (2318), Alibaba (9988), and China Life (2628) receiving net purchases of HKD 1.84 billion, HKD 1.619 billion, and HKD 588 million respectively; while China Mobile (941), Tencent (700), and Hua Hong Semiconductor (1347) experienced net sales of HKD 875 million, HKD 804 million, and HKD 208 million respectively</p>

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<p>The Hang Seng Index opened 108 points lower this morning, reporting at 26,601 points. Alibaba fell 2.45% at the open, Tencent rose 0.8%, Meituan remained unchanged, and JD.com rose 0.35%. WEIMOB INC has reached a strategic cooperation with Alibaba's Taobao Flash Sale, with its stock price rising over 7% at the open. The three major U.S. stock indices continued to rise, gold prices increased by over 1%, silver prices rose by over 6%, and oil prices fell by about 2%</p>

- Major U.S. stock indices continued to rise, with the Dow Jones and S&P 500 both reaching new highs, closing at 49,462 points and 6,944 points respectively.  
- Gold and silver prices increased, while oil prices fell; gold rose over 1% to $4,494, and silver climbed more than 6% to $81.27.  
- SanDisk's shares surged over 27% due to rising demand for memory chips, reflecting the focus on storage-related stocks amidst ongoing sector developments.

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The Hang Seng Index opened 108 points lower, Alibaba fell over %, WEIMOB INC rose 7% against the trend, and Mao Ge Ping faced a reduction in holdings by the controlling shareholder | Hong Kong stock market opens