Today's macro indicators: WTI crude oil +5% to $89, the US dollar index weakened to around 98, VIX remained at a high of 19.5, and copper prices stabilized in a high range.

This configuration most directly benefits traditional energy and resource assets, but it's not a broad-based recovery in risk appetite—the high level of VIX indicates that the market is still digesting uncertainties, it's just that the supply-demand logic in the energy sector operates independently of overall risk appetite.

Yankuang Energy is a high-dividend representative of Hong Kong-listed coal + energy stocks, with a linkage logic in the energy sector sentiment driven by oil prices; Jiaxin International Resources is a small-cap non-ferrous mining stock, highly sensitive to commodity prices. Although it has already dropped 6.6% today, the elastic response of such small-cap stocks to copper prices may experience a delayed recovery.

Note: If oil prices surge and then fall back, these stocks will follow the decline quickly. Holding periods need to be updated in sync with macro signals.