Core Viewpoint - The A-share market showed resilience against the threat of a 100% tariff increase by President Trump, with many market participants viewing this as a typical "TACO trade" where investors bet on Trump's eventual retreat from aggressive policies, leading to a market rebound [1][2]. Market Reaction - On October 13, the A-share market opened lower but closed higher, with the Shanghai Composite Index ending down only 0.19% at 3889.5 points, while the STAR Market rose 1.4% to 1473 points, driven by a 20% surge in Huahong Semiconductor [1][2]. - The overall trading volume in the A-share market reached 2.35 trillion yuan, indicating strong buying interest [1]. Investor Sentiment - Market participants believe that the impact of the recent tariff threat is less severe than previous instances, such as the April tariff situation, due to a "learning effect" and improved market confidence [2][3]. - Analysts suggest that the current market environment presents opportunities for investors to buy quality stocks at lower prices, as the market is expected to continue its adjustment cycle before entering a new upward phase [2][4]. Sector Performance - Key sectors supporting the market rebound include semiconductors, non-ferrous metals, and domestic software, with the STAR Market showing broad gains [6]. - The upcoming third-quarter reports are anticipated to significantly influence stock performance, with expectations that companies exceeding earnings forecasts will perform strongly in the fourth quarter [6][7]. Financing and Risk - As of October 10, the financing balance in the A-share market was 24.257 billion yuan, compared to 18.4 billion yuan on April 7, indicating a higher level of leverage in the market [7]. - Investors are advised to monitor stocks with high financing ratios, as they may be more susceptible to market volatility [7][8]. Long-term Outlook - Analysts maintain that the slow bull trend in the A-share market remains intact, with structural profit recovery expected to continue, driven by domestic economic and policy factors [3][4]. - The market is likely to experience a shift towards a more balanced investment style in the short term, but the long-term dominance of technology growth sectors is expected to persist [8].

截至发稿， COMEX黄金期货突破 4100美元/盎司，涨2.49%，再创历史新高。 现货黄金突破4080美元/盎司，再创历史新高。 伦敦金现 < w SPTAUUSDOZ.IDC 4083.870 昨结 4017.845 4000.069 开盘 总量(kg) +66.025 +1.64% 0.00 现手 0 最高价 4085.251 持 仓 0 外 盘 0 壇 仓 最低价 盘 3994.569 0 0 图 关时 日K 五日 电子 月K O 叠加 盘口 1.68% 卖1 4084.320 4085.251 0 HwMV / / 买1 4083.870 0 18:53 4084.001 0 18:53 4084.001 0 0.00% 18:53 4083.980 0 017.845 18:53 4084.097 0 18:53 4083.970 0 18:53 4084.180 0 18:53 4083.931 0 ...

在全球市场高度关注下，美联储于9月宣布将联邦基金利率目标区间下调25个基点至4.00%~4.25%，这 是其自去年底以来的首次降息，也被视为货币政策转向的信号。 降息等因素刺激美股续创新高，但近期，美国金融市场波动再次加剧。10月10日，美股出现近半年来最 大单日跌幅：纳斯达克指数下跌3.56%，标普500指数下跌2.72%，投资者避险情绪明显升温。 近日，在接受第一财经专访时，美国经济学家、《经济展望杂志》执行主编、《出乎意料的经济学》作 者蒂莫西·泰勒（Timothy Taylor）表示，美联储未来可能采取"小步慢跑"的降息策略，以缓解经济下行 压力，同时避免市场剧烈波动。他还建议中国投资者不应盲目抛弃美元资产，美元资产仍能发挥避险和 流动性管理功能。 美联储将逐步小幅降息 本周，美联储将于北京时间10月16日发布最新一期美国经济状况报告（下称"经济报告"）。当前正值美 国政府"停摆"，经济数据发布中断，这让经济报告成为市场解读真实经济状况的关键窗口。美联储主席 鲍威尔、副主席鲍曼也将于北京时间14日发表讲话，市场高度关注。 回看几周前，美联储宣布降息25个基点。此次降息市场早有预期。其根本原因在于，美国 ...

2025.10.13 作者 |第一财经 揭书宜 作为全球巡展的首站，本次展览以"monsters by monsters: now and then（精灵天团：此刻与未来）"为主 题，全面回顾了the monsters自2015年诞生以来的十年发展历程。 微信编辑| 小羊 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 10月13日下午，苹果CEO蒂姆·库克（下称"库克"）现身上海THE MONSTERS十周年巡展，这是库克此 次到访中国参观的第一站。 展览现场，泡泡玛特创始人王宁、LABUBU艺术家龙家升与库克进行了亲密互动，一起参观了 LABUBU系列原创手稿和丰富多元的产品。龙家升现场向库克展示了如何在iPad Pro上绘制LABUBU， 王宁还向库克赠送了惊喜礼物——LABUBU的大首领ZIMOMO。 公开资料显示，库克于2011年接替苹果创始人史蒂夫·乔布斯出任CEO。今年9月，在苹果新品发布会 上，库克把介绍iPhone Air的任务交给了特努斯。因此，最近 ...

10月13日，瑞典皇家科学院将2025诺贝尔经济学奖授予三位经济学奖：乔尔·莫基尔（Joel Mokyr）、菲 利普·阿吉翁（Philippe Aghion）和彼得·豪伊特（Peter Howitt），以表彰他们"阐释了创新驱动的经济增 长"。 其中一半奖金授予来自美国西北大学的莫基尔，以表彰其"发现了通过技术进步实现持续增长的先决条 件"，另一半奖金共同授予来自法兰西学院和欧洲工商管理学院以及英国伦敦政治经济学院（LSE）的 阿吉翁和美国布朗大学的豪伊特，以表彰他们"通过创造性破坏实现持续增长的理论"。 第一财经：创造性破坏理论是经济学家熊彼特的观点，简单而言指每一次大规模创新都淘汰旧的技术和 生产体系，并建立起新的生产体系。在2021年的疫情中，新行业不断涌现、旧行业出现衰败。各国政策 制定者要怎么应对？ 阿吉翁：政府帮助雇员和企业重新适应新的经济环境是非常重要的。我认为国家在（对民众）进行教育 和培训、提供适当收入保险以及把人们重新分配到新的经济活动中应当起重要作用，这就是让"创造性 破坏"发挥作用的地方。 第一财经：你如何评价美国在应对疫情方面的经济措施？ 其中，阿吉翁为经济增长理论领域的泰斗。通过建 ...

Core Insights - China's foreign trade has shown resilience and structural optimization, achieving a total import and export value of 33.61 trillion yuan in the first three quarters of the year, a year-on-year increase of 4% [1] - The export growth rate reached 7.1%, while imports saw a slight decline of 0.2% [1] - The third quarter showed improvements in trade performance compared to the first eight months, with increases in overall trade, exports, and imports by 0.5%, 0.2%, and 1 percentage point respectively [1] Trade Performance - In September, imports and exports grew by 8%, with exports increasing by 8.4% and imports by 7.5%, marking a significant rise from August's figures [2] - The increase in September exports was attributed to a low base from the previous year and the timing of the Mid-Autumn Festival, along with a rise in working days [2] - High demand for chips and automobiles contributed to export growth, with chip exports rising by 32.7% and automobile exports by 10.9% in September [2] Export Dynamics - Exports to the U.S. continued to decline significantly, with a year-on-year drop of 27.0% in September, although this was an improvement from the previous month's decline of 33.1% [3] - Non-U.S. exports showed a positive trend, with a year-on-year increase of 14.8% in September, driven by strong performance in the EU, ASEAN, and Belt and Road economies [3] - Exports to Belt and Road economies grew by 17.2%, with notable increases to Latin America and Africa [3] Growth Drivers - China's foreign trade has achieved continuous growth for eight consecutive quarters, with a 6% increase in the third quarter [4] - The export of high-tech products reached 3.75 trillion yuan, growing by 11.9% and contributing over 30% to overall export growth [5] - Cross-border e-commerce has also been a key growth engine, with imports and exports reaching approximately 2.06 trillion yuan, a growth of 6.4% [6] Future Outlook - The fourth quarter may face challenges, with potential declines in export growth due to high base effects from the previous year and ongoing trade tensions [8] - The logistics and shipping indices indicate a weak export environment, particularly for U.S. routes, while non-U.S. routes show limited growth potential [9] - Recent increases in shipping rates may provide some support, but overall trade policies remain uncertain, impacting global economic stability [10]

Core Insights - The article discusses the launch of a new educational micro-drama series titled "股东来了" aimed at preventing illegal securities activities, which has gained significant traction with over 12 million views within a day of its release [1][5]. Group 1: Overview of the Micro-Drama Series - "股东来了" is a collaborative project between 第一财经 and 中证中小投资者服务中心, designed to educate investors about various illegal securities activities through storytelling [1][5]. - The series consists of 10 episodes, each approximately 10 minutes long, focusing on different types of investment scams while maintaining a cohesive narrative throughout [9]. Group 2: Content and Themes - The micro-drama features a protagonist, a journalist named 孙奇奇, who investigates various illegal securities activities, including stock market manipulation, illegal stock recommendations, and fraudulent investment schemes [4][5]. - The series incorporates modern storytelling techniques such as sci-fi, detective, and suspense elements to make the educational content more engaging and accessible to a younger audience [5][7]. Group 3: Production and Technology - The production team utilized AI technology extensively, including AI-generated scenes and character animations, which helped reduce filming time and costs while enhancing the overall production quality [6][7]. - The series is part of a broader initiative to leverage new media formats for financial education, addressing the challenges of traditional educational methods in attracting and retaining audience interest [7]. Group 4: Broadcast and Accessibility - "股东来了" is available on multiple platforms, including social media and streaming services, ensuring wide accessibility for viewers [9]. - The accompanying educational program "秒懂金融" will air weekly, featuring discussions with experts to further analyze the themes presented in each episode and provide deeper insights into preventing investment fraud [9].

2025.10.13 本文字数：937，阅读时长大约2分钟 爱企查App显示，近日，深圳市玉华美好餐饮管理有限公司成立，法定代表人为杜柳，注册资本100万 元人民币，经营范围包括餐饮管理、食品销售（仅销售预包装食品）、食品互联网销售（仅销售预包装 食品）等。 股东信息显示，该公司由内蒙古西贝餐饮集团有限公司、深圳市本康美好餐饮管理合伙企业（有限合 伙）共同持股。其中西贝餐饮持有95%的股权，深圳市本康美好餐饮管理合伙企业（有限合伙）持有 5%的股权。注册地址为深圳市宝安区福永街道万利商务中心。 | | 重企业 · 深圳市玉华美好报饮管理有限公司 | 17-7 | | 应用 · > 老户特惠 | HAPF | | --- | --- | --- | --- | --- | --- | | 基本信息。 | 司法信息 经营诊断 9994 | 知识产权 | 企业发展 2 | 经营状况 | 历史信息 | | 工商注册 Q RE空更时报则找 | | | | | | | 工商注册 | 历史工商注册 | | | | 圣 下载鼓冠 ◎ 壹企壹 | | 企业名称 | 深圳市玉华奥好餐饮管理有限公司 | | 统一社会信用代码( | ...

| 代码 | 名称 | 现价 | 涨跌幅 · | | --- | --- | --- | --- | | 600000 | 浦发银行 | 12.52 | 5.74% | | 601009 | 南京银行 | 11.33 | 4.81% | | 601077 | 渝农商行 | 6.74 | 3.85% | | 601665 | 齐鲁银行 | 6.08 | 3.23% | | 601229 | 上海银行 | 9.45 | 2.83% | | 601963 | 重庆银行 | 9.27 | 2.77% | | 601838 | 成都银行 | 17.97 | 2.74% | （头图由AI生成） 10月13日午后，银行板块震荡走强，浦发银行涨超5%，南京银行涨超4%，渝农商行、齐鲁银行、上海 银行、重庆银行等涨幅靠前。 上证指数 跌幅再度收窄，现跌0.47%。 ...

Market Overview - The Shanghai Composite Index fell by 1.30%, the Shenzhen Component Index dropped by 2.56%, and the ChiNext Index decreased by 3% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.58 trillion yuan, a decrease of 659 billion yuan compared to the previous trading day, with over 4,500 stocks declining [3] Sector Performance - The rare earth permanent magnet sector saw a significant increase of 5.22%, with stocks like Galaxy Magnetic and Baotou Steel hitting their daily limit [4][8] - The semiconductor sector rebounded, with companies like Luxshare Precision and Zhaoyi Innovation showing strong performance [6] - The banking sector experienced gains, with Shanghai Pudong Development Bank rising over 5% [4] - The consumer electronics and robotics sectors faced notable declines, with significant drops in stocks related to these industries [2][4] Notable Stocks - Kingsoft Software's stock surged over 17% in Hong Kong, while Kingsoft Office rose nearly 18% in the A-share market [6][14] - The stock of *ST Yushun reached its daily limit, trading at 35.34 yuan, marking a 4.99% increase [4] - Bluefeng Biochemical also hit its daily limit after a significant price increase, recovering from previous declines [4] Bond Market - Government bond futures saw an overall increase, with the 30-year main contract rising by 0.68% and the 10-year main contract increasing by 0.20% [8][9] Commodity Market - The main contract for coking coal saw a daily decline of 3%, trading at 1,129 yuan per ton [15] - The copper futures market showed a slight recovery, with the main contract trading at 85,040 yuan per ton, down 2.07% [16]