Global Assets Surge, Gold Breaks Through $4,220, Nearly 180,000 Bitcoin Liquidations

  • 2025-10-16

 

October 16 - Asian stocks, gold, and crude oil all rose together!

Around 10:00 on the 16th, the A-share Shanghai Composite Index and Shenzhen Component Index turned positive, the ChiNext Index rose over 1%, with military and communications heavyweight stocks leading the gains. AVIC Chengfei rose nearly 8%, Zhongji Innolight rose over 6%. Sanhua Intelligent Controls opened nearly 5% lower, as the company clarified that rumors of receiving large robot orders are untrue. (Clarification from a 180-billion-yuan giant late at night)

The Hong Kong Hang Seng Index opened higher, gold stocks continued their upward trend, Zhufeng Gold rose over 9%; New Oriental-S's gains expanded to over 7%.

The Korea Composite Index rose over 2%, the Nikkei 225 rose about 0.7%, and Australia's S&P/ASX 200 Index once hit a record high. Thailand's SET Index, India's SENSEX, Manila Composite Index, etc., all rose to varying degrees.

Spot gold broke through $4,220 per ounce in early Thursday trading, hitting new highs for four consecutive trading days, accumulating a gain of $200 this week. Brent crude futures rose nearly 1%.

The cryptocurrency market generally fell, with trading volume significantly reduced. As of 9:41 on October 16, nearly 178,000 people were liquidated globally, with total liquidation amounts reaching $443 million.

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