Is copper a leading indicator of Hong Kong stocks?

• Too long to see:
• Copper prices have soared in the past three months, with Luntong rising by nearly 30%, and once again reaching the $10000 threshold after two years. New York Copper also staged a "forced air" market;
• The overall trend of commodities this year is strong. In the first quarter, the energy performance was stronger than that of industrial metals. The oil distribution price rose by 14%, while Luntong rose by only 3%. However, recently, industrial metals represented by copper quickly catch up;
• Considering the application of copper in the industrial field, based on the logic of improved transaction demand, the recent trend of copper price may reflect the enhanced recovery expectation of the manufacturing industry;
• In the past, the domestic economy and demand boom were closely related to copper prices. This time, while copper prices are rising, Hong Kong shares have also become the most attractive players in the recent global market.