A-shares opened lower and continued to fall this morning, with the Shanghai Composite Index down 0.68%, the Shenzhen Component Index down 1.38%, and the ChiNext Index once falling over 2%, currently down 1.78%. Fiberglass and oil & gas exploration concept stocks were active, while non-ferrous metals, agriculture, communication equipment, hashrate hardware, and chip stocks generally declined. Hong Kong's Hang Seng Index fell 0.74%, and the Hang Seng Tech Index fell 1.32%, with tech, chip, and AI large model stocks all undergoing adjustments. Most domestic commodity futures rose, with crude oil and container freight index surging over 9% due to escalating geopolitical tensions, fuel oil up 6%, and treasury futures falling across the board.