The market opening this morning was quite interesting. The main board was steadily in the green, oscillating, while the ChiNext Index surged more than 1%. Tech sectors like computing hardware and commercial aerospace set the pace, and brokerages also soared. Oddly, Fujian local stocks became hot again for no apparent reason. On the other hand, traditional cyclical sectors like coal, oil & gas, and precious metals took a hit, and phosphate chemicals followed suit.

In just half an hour, turnover reached 675.8 billion yuan, over 170 billion more than the same period yesterday—this surge in volume is pretty fierce. Over 2,800 stocks across the three markets were in the green, with more gainers than losers, making for a rather comfortable scene.

The CPO concept is going wild again. Dongtian Micro surged over 10% to a record high, and its followers like Tianfu Communications, Tengjing Technology, and Yuanjie Technology all kept up. A brokerage research report spelled it out: global AI computing demand is pushing optical modules to upgrade to 800G/1.6T, resulting in a worldwide shortage of Faraday rotators in optical isolators—a real bottleneck. A classic supply shortage story, and the market loves it.

Financial stocks remain strong. Industrial Securities hit the limit-up, Ruida Futures has been up two days in a row, and others like Northeast Securities and BOC Securities are also climbing. Regulators hinted at implementing classified supervision, allowing quality institutions more relaxed capital space and leverage limits—this is a direct policy benefit being realized.

The Fujian sector is repeatedly active. Anji Foods hit five consecutive limit-ups, Shuhua Sports three, Fujian Jinsen two, and Dongbai Group and Haixia Innovation joined the rally. The catalyst was the passage of the "Fujian Private Economy Promotion Regulations" on November 27, set to take effect January 1 next year. With local policies landing, funds love to speculate on these regional concepts.

Commercial aerospace continues last week’s strength. Shunhao shares were locked in at the limit-up from the open, marking six limit-ups in seven days; Longzhou shares hit four in a row, and Western Materials two. The news flow is indeed strong: on December 6, the Hainan launch site used the Long March 8A to send a group of 14 low-orbit satellite internet satellites into space, and the day before, the Kuaizhou-1A in Jiuquan successfully launched a traffic VDES satellite. With state teams frequently launching, concept stocks are naturally active.

Solid-state batteries strengthened during the session. Liyuanheng rose over 15%, with Nakonor, Xianhui Technology, and Defu Technology following. Liyuanheng recently signed a strategic cooperation agreement with Sweden's Quintus to jointly develop solid-state battery isostatic pressing equipment—stories of technological barriers like this always attract capital.

Memory chips also oscillated higher. Chengbang shares hit the limit-up, Maiwei shares rose over 10%, and Demingli, Baiwei Storage, and Jiangbolong also moved up.

One detail is rather ironic: on the surface, it looks like fund manager salaries are being restricted, but the actual effect is an acceleration of group investing. This CPO rally is a classic example—funds pile in while retail investors can only watch from the sidelines or end up chasing at the top.