从融资净买入金额来看，有26只个股获融资净买入超亿元。其中，蓝色光标、寒武纪-U、华胜天成融 资净买入金额排名前三，分别获净买入5.3亿元、3.57亿元、3.41亿元。 Wind数据显示，A股11月18日共有3742只个股获融资资金买入，有354股买入金额超亿元。其中，宁德 时代、蓝色光标、阳光电源融资买入金额排名前三，分别获买入19.31亿元、18.23亿元、16.87亿元。 从融资买入额占当日总成交金额比重来看，有8只个股融资买入额占比超30%。其中西部创业、仙琚制 药、森鹰窗业融资买入额占成交额比重排名前三，分别为35.86%、34.32%、33.85%。 ...

Group 1 - The Chinese government expressed dissatisfaction with the results of the recent China-Japan consultations, indicating a serious atmosphere during the meeting [2] - Trump hinted that he has decided on the next Federal Reserve Chairman, while also complaining about obstacles to firing current Chairman Powell [3] - Wahaha aims to achieve a revenue increase of 500 million yuan by 2025, rewarding outstanding distributors with gold medals and cash incentives [4] Group 2 - The Chinese Ministry of Foreign Affairs criticized Japan for its Prime Minister's remarks on Taiwan, demanding an immediate retraction and reflection [5] - The Chinese Ministry of Commerce responded to the U.S. modifying patent rules, claiming it discriminates against Chinese companies and violates international obligations [6] - The Chinese government announced financial support measures to boost automobile consumption, particularly for new energy vehicles [11] Group 3 - Macau will continue to distribute 10,000 patacas to eligible permanent residents in 2026, maintaining current cash-sharing measures [12] - The second installment of "Zootopia" is set to release on November 26, with global box office predictions reaching 2 billion USD [13] - The U.S. stock market experienced a significant decline, with the Dow Jones dropping nearly 500 points, driven by concerns over tech valuations [24] Group 4 - The restructuring plan for Suning's 38 companies has been postponed again, requiring the original controlling shareholders to commit personal assets to a trust [22] - Meta's leadership underwent significant changes, with the departure of its Chief Revenue Officer amid pressure to justify its AI strategy [23] - A surge in new rice prices in Japan was reported, with the average price reaching a historical high due to extreme weather conditions affecting rice production [21]

Core Insights - Google has launched its next-generation large language model, Gemini 3, which is now integrated into key products such as Google Search, Gemini applications, API interfaces, and VertexAI, marking it as the company's "smartest model" to date [2] - The market's focus has shifted from model upgrades to the actual revenue generation and return on investment from these models, influenced by rapid iterations from competitors like OpenAI and Anthropic [2][5] Group 1: Gemini 3 Launch Strategy - Gemini 3 is deployed in Google Search on the same day of its release, unlike previous versions that took weeks to integrate, allowing AI-generated search results to cover billions of search queries immediately [4] - The consumer-facing generative search is more prominent, with Gemini 3 providing structured and visual responses, resembling interactive web pages rather than traditional link lists, potentially impacting websites reliant on traffic monetization [4] - Google emphasized the performance advantages of Gemini 3, showcasing its leading results in industry benchmarks and the ability to push updates to users more rapidly [4][5] Group 2: Gemini Agents and Enterprise Focus - Google introduced "Gemini Agents," a systematic AI assistant capable of executing multi-step tasks, such as organizing emails and planning travel itineraries, marking a significant step in creating a general-purpose assistant [7] - The company announced the "Antigravity" development platform for enterprise clients, allowing AI agents to perform coding tasks, which strengthens Google's position in the enterprise AI tools market [7] - The Gemini application interface has been revamped to focus on structured layouts and visual content, enhancing the ability to answer complex questions and increasing user engagement [7]

尽管如此，市场情绪明显更加审慎。过去一年Meta的部分AI产品表现不及预期、OpenAI经历多次管理 层震荡，使得投资者对"大模型的商业化速度"保持保留态度。分析人士认为，Alphabet今年的估值支撑 更多来自其云业务的AI服务收入，而非模型发布本身。 AI代理首次系统落地 模型升级更快，商业化压力同步上升。 此次Gemini 3的落地策略呈现三个显著变化： 第一，发布日同步接入谷歌搜索。不同于此前版本需要数周甚至更久才能进入搜索体系，Gemini3在发 布当天即投入使用。这意味着AI生成式搜索结果将直接覆盖数十亿次搜索请求。 第二，面向消费者的生成式搜索更突出。Gemini3在AI搜索模式中的回答更结构化、更具可视化，呈现 方式近似可交互网页，而非传统的链接列表。负责Gemini应用的副总裁Josh Woodward现场展示了以视 觉模块、动态界面呈现复杂任务的方式。外界普遍认为，这种变化可能对依赖流量变现的网站生态产生 影响。 第三，性能优势仍被强调。谷歌在发布会上展示Gemini3在多项行业基准测试中的领先表现。谷歌首席 AI架构师科雷·卡武克库奥卢（Koray Kavukcuoglu）表示，新模型能 ...

标普500指数连续四个交易日收跌，为8月以来最长连跌纪录。 *科技板块领跌大盘 *银行板块五日累跌4.5%，逼近关键技术位 中概股方面表现分化，纳斯达克中国金龙指数涨0.42%。爱奇艺涨超6%，百度涨超2.6%，阿里巴巴与网 易均涨超1%；拼多多大跌超7%，创5月以来最大单日跌幅，老虎证券跌超2%，蔚来跌超1%。 银行股亦同步承压。KBW银行指数过去五个交易日累计跌4.5%，跌幅显著大于标普500同期的2.9%； KBE银行ETF在55美元附近反复测试支撑，自9月中旬以来已累计回落约10%。 Miller Tabak + Co.首席策略师马特·马利（Matt Maley）表示，如果银行股接下来继续走弱，将对整体市 场构成"重要警示"。他表示，随着市场对12月降息的押注下降，银行股此前依赖的利好基础正在动摇。 美国劳动力市场呈现更多疲态。劳工部数据显示，在截至10月18日的一周内，持续申领失业救济人数增 加1万人至195.7万人，较9月中旬的191.6万人明显上升。 由于政府停摆影响统计流程，劳工统计局未能正常完成10月就业调查。白宫警告，10月失业率大概率无 法公布。 High Frequency Econo ...

机构认为，结构性机会集中在低位价值补涨。 【财经日历】 第十八届中国-欧盟投资贸易科技合作治谈会（成都，11/19-11/21） 2025年彭博创新经济论坛年会（新加坡，11/19-11/21） 快手发布财报 | 树）盘前必读 | // 外盘怎么样 // | | | --- | --- | --- | | 名称 现价 | | 涨跌幅 | | 道琼斯工业平均 46091.74 -498.50 -1.07% | | | | 纳斯达克指数 | 22432.85c -275.22 - -1.21% | | | 标普500 | 6617.32 -55.09 -0.83% | | 当地时间周二，美国股市继续下行，道指、标普500指数连续第四个交易日下跌。截至收盘，道指跌1.07%，标普500指数跌0.83%，纳指跌1.21%。 科技板块继续成为拖累大盘的主因，"七巨头"股价集体下挫。微软跌2.70%收于493.79美元，亚马逊大跌4.43%至222.55美元；苹果几乎持平，微跌0.01%报 267.44美元；特斯拉跌1.88%至401.25美元；英伟达下挫2.81%报181.36美元；谷歌A类股跌0.26%至284.28 ...

【相关阅读】中日外交官员举行磋商 专家指日方诚意不足 有记者问"今天会谈您觉得满意吗？"，刘劲松回答干脆："当然不满意！"，记者追问"气氛怎么样？"， 刘劲松回答："严肃"。 金井正彰11月17日起访华。在中国期间，他围绕日本首相高市早苗涉台言论与中方进行磋商。今日14时 左右，金井正彰一行离开中国外交部，面对媒体提问，他并未给出任何表态。 外交部：日方必须给中国人民一个明确的交代 外交部发言人毛宁表示，磋商中，中方就日本首相高市早苗涉华错误言论再次向日方提出严正交涉，指 出高市的谬论严重违反国际法和国际关系基本准则，严重破坏战后国际秩序，严重违背一个中国原则和 中日四个政治文件精神，从根本上损害中日关系政治基础，性质和影响极其恶劣，激起中国人民的公愤 和谴责。中方严肃敦促日方收回错误言论，停止在涉华问题上制造事端，以实际行动认错纠偏，维护中 日关系政治基础。 责任编辑：张恒星 综合报道：政事儿、央视新闻、玉渊谭天、光明日报新媒体 据光明日报新媒体消息，11月18日，外交部亚洲司司长刘劲松与日本外务省亚洲大洋洲局局长金井正彰 会面结束。 ...

所谓黄金租赁业务，指投资者可将持有的黄金，如金条等通过平台租赁给企业，获取以黄金计价的利 息。这一业务的运作方式与贷款类似，不同之处在于归还的资产为黄金而非现金，核心逻辑也与贷款类 似，即投资者将黄金提供给租赁平台或金融机构，后者再将黄金贷给相关企业。 一些业内资深人士表示，这种业务的吸引力是直观的：已经计划持有黄金的投资者可以通过租赁付款， 获得以黄金支付的收益，而珠宝商和制造商则通过租赁，获得日常所需的黄金，并以当前的金价出售成 品。其中的关键在于，因为这些借款人偿还的是相同数量的黄金，而不是美元，他们既能保有库存，又 能避免黄金价格波动风险。到期后，租赁黄金的行业企业可以选择归还同等数量的黄金，也可以选择续 约继续租。 伦敦证券交易所集团（LSEG）数据显示，金价今年迄今上涨逾50%，且有望创下1979年以来最强劲的 年度涨幅。但近期，随着金价处于历史高位，其波动性也已加剧。隔夜，黄金与美股、比特币等风险资 产同步遭到抛售。 根据道琼斯市场数据(Dow Jones Market Data)对FactSet数据的分析，上周五，交投最活跃的黄金期货与 标普500指数之间的21天滚动相关性为0.22。并且，在 ...

"投资于人"里，孕育着城市现代化的内涵 在接续30多年努力，完成成片二级旧里改造、解决集中成片"拎马桶"问题的基础上，又经过3年攻坚战，2025年9 月，上海"拎马桶"改造总体完成。 做饭"抢灶台"、如厕跑楼外、排队倒马桶等上海老弄堂景象，逐渐成为历史。而关于马桶的记忆变迁，不仅考验 这座国际化大都市的治理决心和智慧，也成为上海"投资于人"的温暖实践。 最难的就是方案要让居民都能接受 "从上世纪90年代开始，上海已经开始推进旧城区改建。"上海杨浦区住宅更新发展中心主任陈颖对第一财经回顾 说，通过三十多年时间，总体完成了 "拎马桶"改造。"杨浦区的改建跟着市委、市政府的整体节奏步步推进，同 时在部分地区试点，希望能为上海市房屋改造提供一些示范案例。" 杨浦区是老工业转型城区，曾是二级以下旧里最为集中的中心城区，总量占到全市的三分之一，还有着不少上世 纪50至70年代建设的工人新村、不成套或无卫生设施职工住宅。 由于许多上海早期建筑未设计独立卫生间，居民需使用木质马桶并定期倒便。"倒马桶"成为大多数居民几十年的 日常。能写"下只角"里拎马桶、也能写"上只角"里喝咖啡的海派作家程乃珊，曾将杨浦形容为"穷街"，也曾在 ...

Key Insights - Multiple listed companies disclosed their latest developments in the automotive and battery sectors through various channels on November 18 [1] Automotive - Deep Blue Automotive emphasized that safety is more important than speed for young consumers [1] - Seres is actively expanding into overseas markets and is committed to advancing its high-end smart electric vehicle export strategy [1] Battery - Zhongwei Co. has secured orders for sodium batteries at a thousand-ton level and has achieved rapid mass production of 3/4 generation phosphate materials [1] - Anfu Technology reported a robust order backlog in its battery main business and plans to add 500 million units of production capacity [1] Chips - Xiechuang Data stated that its storage business covers the entire industry chain from storage chip packaging to storage module assembly [1] - Zhaosheng Microelectronics expects that as the utilization rate of its chip production capacity increases, the negative impact of self-produced wafer costs on overall gross margin will gradually diminish [1] - Yintang Zhikong reported a significant year-on-year increase in its storage chip business due to industry demand [1] Other - Sanmu Group clarified that it has not undertaken any projects or investments in Pingtan County [1] - JieJie Microelectronics mentioned that its current relationship with Huawei is indirect cooperation [1] - Liren Lizhuang noted that its prepared dish product line contributes a very low proportion to the overall revenue [1] - Dashengda holds a 5.625% stake in Zhejiang Qusu Technology [1] - Huate Gas has generated sales orders for new products including ethyl silane, hydrogen bromide, and boron trichloride, achieving results in product transformation [1] - Dongrui Co. anticipates supplying approximately 260,000 live pigs to Hong Kong and Macau in 2025 [1] - Qixiang Tengda expects a quarter-on-quarter improvement in the profitability of its main products in the fourth quarter [1]