January 5th, the global financial markets experienced a rare broad rally. From the stock market to commodities, almost all risk assets surged higher.

The Asia-Pacific stock markets performed particularly well. The Korea KOSPI index jumped over 2.27% in the early trading session, breaking through the 4400-point mark for the first time, rewriting its historical record. The Japan Nikkei 225 index surged more than 1100 points, just shy of its all-time high. Even the A-shares were not absent from this feast—after the Shanghai and Shenzhen markets opened, the Shanghai Composite Index rose 0.46%, approaching the 4000 level. The Hong Kong Hang Seng Index also edged higher.

Across the Atlantic, U.S. stock futures were equally active. S&P 500 futures increased by 0.46%, Nasdaq futures rose by 0.26%, and Dow Jones futures gained 0.58%. This synchronized upward movement across global stock markets clearly signals strong demand for risk assets.

The cryptocurrency market also rode the wave upward. Bitcoin broke through the $93,000 mark, and Ethereum approached the $3,200 level. Interestingly, the altcoin sector also became active—veteran meme tokens like BROCCOLI714, BONK, BOME, WIF, PEPE, and PNUT took turns leading the gains.

Precious metals were not left behind. Spot gold jumped over $4,400 per ounce, with a 24-hour increase of over 2%. Silver performed even more aggressively—breaking through $76 per ounce and soaring 4.5%. From stocks to crypto, from precious metals to commodities, this wave of market activity truly covered the entire spectrum of risk assets.