Chinese A-share market saw a rally with Shanghai Composite up 2.1% as small-cap stocks surged following regulator's denial of targeting them. Bank of China and Agricultural Bank of China hit new highs. New regulatory guidelines triggered a plunge in Chinese small-cap stocks. Copper prices are on the rise with Goldman Sachs predicting a significant refined copper deficit for 2024. Shanghai Composite Index hits highest level since October 2023, led by large-cap stocks. Shanghai bonded copper reaches strongest level since October 2021. Copper prices are surging with Shanghai futures rallying amid supply risks and improving demand. Shanghai tin and nickel also see strong gains.