每经AI快讯，2月13日，香港恒生指数下跌2%至26,490.75点。 （文章来源：每日经济新闻） ...

每经AI快讯，2月13日，日经225指数跌破57000点，最新报56994.7点，日内下跌1.12% （文章来源：每日经济新闻） ...

（一）重要市场新闻 1.美股三大指数集体收跌，道指跌1.34%，纳指跌2.03%，标普500指数跌1.57%，大型科技股普跌，苹果 跌5%，博通跌超3%，亚马逊、Meta、特斯拉跌超2%；存储概念股、食品百货涨幅居前，闪迪、希捷 科技涨超5%，西部数据、沃尔玛涨超3%。中概股普遍下跌，纳斯达克中国金龙指数跌2.97%，哔哩哔 哩跌近5%，百度集团跌超4%，世纪互联涨超3%，金山云涨逾2%。欧洲三大股指收盘涨跌不一，德国 DAX指数跌0.01%报24852.69点，法国CAC40指数涨0.33%报8340.56点，英国富时100指数跌0.67%报 10402.44点。 2.2月12日，美国上周初请失业金人数为22.7万人，预估为22.4万人，前值为23.1万人。国际油价集体下 挫，截至发稿时，美油主力合约跌2.65%，报62.92美元/桶；布伦特原油主力合约跌2.59%，报67.6美元/ 桶。国际贵金属价格大幅下挫，现货黄金一度跌破4900美元关口，截至发稿时，现货黄金跌3.27%，报 4917.09美元/盎司；COMEX黄金期货跌3.19%，报4936美元/盎司。现货白银跌10.84%，报75.07美元/盎 ...

（文章来源：每日经济新闻） 每经AI快讯，2月13日，伦铝期货短线走低，日内跌0.34%，现报3089美元/吨。 ...

每经AI快讯，2月13日，日经平均股价下跌超过1%，一度跌至57052.31点。 （文章来源：每日经济新闻） ...

每经AI快讯，2月13日，中信证券发布研报指出，展望"十五五"，氢能行业作为未来产业，政策定位再 度提升。我们预计，2026年行业在氢电耦合、工业减碳等领域或实现突破，FCEV、氢基绿色燃料或维 持快速增长。在下游应用不断拓展、绿氢需求增加的背景下，规模效应或带动产业链基础设施和绿氢供 应的降本，进而推动行业进入"降本—放量"的良性循环，有望助力行业全面进入产业化。 （文章来源：每日经济新闻） ...

每经AI快讯，2月13日，中信证券发布研报指出，截至2026年1月31日，A股共有2976家公司披露2025年 年报业绩预告，总披露率为54.0%。其中预喜公司占比达37%，相比于2024年报预告的33%有进一步提 升。本轮业绩预告呈现出"科技驱动、外需支撑、金融压仓"的结构性特征，大市值龙头盈利修复显著， 中小市值企业业绩压力仍然突出。 （文章来源：每日经济新闻） ...

Core Viewpoint - The trend of domestic substitution in the technology sector is becoming evident, with traditional companies benefiting from increased demand driven by the semiconductor industry's expansion [1] Group 1: Industry Trends - The semiconductor industry is experiencing growth, particularly benefiting electronic gas businesses due to increased demand [1] - There is a slight cooling in China's demand for overseas technology products, influenced by previous stockpiling, leading some overseas semiconductor companies to predict a stabilization or more moderate annual growth rate in the Chinese market by 2026 [1] - U.S. export restrictions and domestic substitution are impacting the revenue of overseas companies in China, particularly in the standardized power device sector where local competition is intensifying [1] Group 2: Investment Products - The Xinchuang ETF (159537) tracks the Guozhen Xinchuang Index (CN5075), which selects listed companies in the semiconductor, software development, and computer equipment sectors from the Shanghai and Shenzhen markets [1] - The index reflects the overall performance of listed companies related to the information technology theme, showing a bias towards large-cap stocks, with a primary focus on semiconductors and software development, while also considering computer equipment and IT services [1]

Group 1 - The core viewpoint is that the U.S. will accelerate the production of five key missile types, significantly increasing the production capacity of the "Tomahawk" missile, "Advanced Medium-Range Air-to-Air Missile," "Standard-3" interceptors, and "Standard-6" missiles, with many weapons' output expected to rise by 2 to 4 times compared to current levels [1] - The international environment is becoming increasingly complex and severe, necessitating advanced aircraft and missiles as winning tools, along with cost-effective equipment like rockets for sustained consumption and a reliable communication command system for support [1] - The trend of great power competition is expected to continue long-term, with the U.S. and its allies shifting their defense strategy focus towards the Indo-Pacific region, indicating a positive long-term outlook for the military industry [1] Group 2 - By 2027, the goal is to ensure the achievement of the centenary military building target, with expectations of accelerated shortfall compensation during the 14th Five-Year Plan period [1] - It is recommended to focus on key sectors in aerospace and equipment construction, as well as frontier hotspots like satellite internet [1] - The military ETF (512660) tracks the CSI Military Industry Index (399967), which consists of securities from ten major military groups whose main businesses are related to the military industry, covering areas such as aviation, aerospace, shipbuilding, weaponry, military electronics, and satellites [1]

Core Viewpoint - The electronic industry is expected to leverage AI computing power as a growth engine and domestic semiconductor demand as a supplementary line by 2025, with notable performance in sub-sectors such as PCB, storage, AI/GPU chips, and semiconductor equipment parts [1] Industry Summary - The semiconductor market is experiencing a localized recovery driven by the penetration of AI and automotive electronics, a rebound in consumer electronics, accelerated domestic substitution, and upgrades in advanced packaging technology [1] - The storage sector's profitability is rapidly increasing due to AI, with significant demand growth expected in Q3 2025, leading to high revenue and profit growth in Q4 [1] - Storage prices stabilized and began to rise after hitting a low in Q1 2025, with a supply imbalance caused by surging demand for AI servers and shifts in original manufacturers' production capacity [1] Company Summary - The Guotai ETF (589100) tracks the Sci-Tech Chip Index (000685), which has a daily price fluctuation limit of 20%. This index selects listed companies from the Sci-Tech board involved in semiconductor materials and equipment, chip design, manufacturing, and packaging testing to reflect the overall performance of China's chip industry [1]