Market Performance - On November 26, the stock market showed mixed results, with the ChiNext Index rising over 2% [1] Key Drivers - The ChiNext Index's 2.14% increase was primarily driven by multiple positive factors, including a reduction in geopolitical risks and improved market sentiment following a recent call between the leaders of China and the U.S. [2] - The call between the two leaders indicated a normalization of bilateral communication, which is expected to ease geopolitical tensions and enhance market confidence [2] Sector Focus - The technology sector, particularly in AI, has become a focal point for investment due to its relatively high visibility in terms of economic prospects [2] - Short-term catalysts, such as new storage technology releases and accelerated IPO processes for AI companies, have further intensified interest in the technology sector [2] Market Sentiment - Current market indicators suggest that sentiment may be at a relatively low level after recent adjustments, indicating limited downward space [3] - The market is expected to gradually enter a mid-term layout phase as policy signals become clearer towards the end of the year, with a focus on sectors with strong performance certainty [3] Technical Signals - A MACD golden cross signal has formed, indicating positive momentum for certain stocks [4]

在瞬息万变的资本市场中，信息的速度往往直接等同于财富的增减。对于广大基金投资者而言，一个核 心的痛点便是：如何在当天交易时间内，精准地把握自己持有基金的动态？基金的"实时估值"功能，便 成为了投资决策中不可或缺的"导航仪"。那么，究竟有什么软件可以高效、准确地提供这一关键数据？ 在众多选择中，为何新浪财经APP能获得众多专业投资人士的青睐？本文将为您深入解析。 一、 为何我们需要"实时估值"？—— 理解其本质与价值 首先，我们必须厘清一个概念：基金的实时估值（盘中估值）并非基金的真实净值。 官方净值：由基金公司在每个交易日收盘后，根据基金实际持有的资产价格计算并公布，一天只有一 个。 实时估值：则由第三方平台（如新浪财经、天天基金等）根据基金最新公布的季度/年度报告中的持仓 比例（前十大或全部持仓），结合这些股票、债券等资产的实时行情，通过数学模型推算出来的预估净 值。 既然只是"预估"，为何它的重要性如此突出？ 1． 捕捉交易时机：对于进行波段操作或短线交易的投资者，实时估值是判断买卖点的重要参考。当估 值大幅低于前一日净值时，可能意味着出现了"黄金坑"，是买入的良机；反之，当估值大幅冲高，则是 考虑止盈的 ...

Core Viewpoint - The electronic sector has seen a significant inflow of over 22 billion in main funds, leading the 31 sectors in the Shenwan classification, with the electronic ETF (515260) experiencing a notable price increase and strong buying momentum [1][2]. Group 1: Market Performance - The electronic ETF (515260) reached an intraday increase of 3.27%, currently up by 2.29%, indicating strong buying interest as it entered a premium range in the afternoon [1]. - Key stocks in the PCB sector, such as Huadian Co., rose over 8%, while other notable companies like Dongshan Precision and Nvidia concept stock Shenghong Technology increased by over 4% [1]. Group 2: Industry Insights - Counterpoint's market research predicts that Apple's market share in the global smartphone market could reach 19.4% by 2025, surpassing Samsung for the first time since 2011 [2]. - Nvidia announced its continued technological leadership, claiming to be the only platform capable of running all AI models across various computing scenarios [2]. - HSBC's latest report highlights that the acceleration of AI server iterations is driving a dual cycle of technological and price increases for core components like PCBs and CCLs [2]. - Citigroup anticipates that the supply-demand tension for AI PCBs will persist into next year [2]. Group 3: ETF Composition and Future Outlook - As of the end of October, the electronic ETF's index includes significant weights from the Apple supply chain (44.63%), Nvidia supply chain (27.81%), and PCBs (12.47%) [2]. - Huachuang Securities believes that AI is reshaping the value of the electronic industry chain, creating new growth opportunities as demand for AI computing power surges [2][4]. - The electronic sector is currently in an innovation phase, expected to undergo breakthroughs in terminal innovation, performance release, and profit explosion for rapid development [2][4].

Core Viewpoint - The chemical sector is currently experiencing a phase of consolidation, with the chemical ETF (516020) showing slight upward movement after initial low-level fluctuations, indicating potential investment opportunities in specific sub-sectors like ammonium explosives, potash, and phosphate chemicals [1][4]. Group 1: Market Performance - The chemical ETF (516020) saw a price increase of 0.13% during the trading session, reflecting a slight recovery in the sector [1][2]. - Key stocks in the sector, such as Guangdong Hongda, Yada International, and Salt Lake Co., have shown significant gains, with Guangdong Hongda rising over 4% [1][2]. Group 2: Industry Insights - The chemical industry is positioned at a dual bottom in terms of valuation and profitability, with expectations of demand improvement due to the Federal Reserve's potential interest rate cuts and stabilization in global political conditions [1][3]. - Cost pressures are anticipated to ease, with oil and coal prices expected to remain under pressure, leading to weaker cost support for chemical products [1][3]. - The construction of new projects in the basic chemical sector is projected to decline by 12.4% year-on-year in the first half of 2025, indicating a tightening supply situation [1][3]. Group 3: Investment Recommendations - Analysts suggest focusing on sectors that may benefit from supply-side improvements and have high profitability elasticity, such as pesticides, organic silicon, and polyester filament [3][4]. - The chemical ETF (516020) is recommended for investors looking to capitalize on the sector's rebound, as it tracks a comprehensive index covering various sub-sectors, with significant allocations to leading companies [4].

Group 1 - The core viewpoint of the news highlights a significant rise in the ChiNext and STAR Market, with the Double Innovation Leader ETF (588330) experiencing a peak increase of 4.32% and currently up by 3.74%, indicating a recovery of key moving averages [1][2] - The leading companies in the optical module sector have shown remarkable performance, with Zhongji Xuchuang surging over 15%, reaching a market capitalization exceeding 610 billion, while Xinyi and Tianfu Communication rose over 11% and 9% respectively [1][3] - The AI chip competition between Google TPU and NVIDIA is expected to drive a global expansion in AI computing power, benefiting leading companies like Zhongji Xuchuang, which is closely tied to both tech giants [3][4] Group 2 - Central China Securities indicates a positive outlook for capital expenditures from leading cloud vendors, with high demand across the AI computing industry chain, particularly as the industry transitions from 800G to 1.6T technology [4] - Major funds have significantly flowed into the Double Innovation sector, with net inflows of 198 billion in electronics, 148 billion in communications, 68 billion in biomedicine, and 24 billion in power equipment, placing these sectors among the top five in the Shenwan first-level industry [4] - The Double Innovation Leader ETF (588330) has shown a cumulative increase of 73.26% since its low point on April 8, outperforming other major indices such as the ChiNext Index and the STAR 50 Index [6][7]

伴随着美联储降息预期的升温，前期压制港股表现的流动性因素有望得到缓解；并且在龙头财报业绩和 Al发展细节的支撑下，Al泡沫论的担忧有望消减，往后看科技成长或仍是市场的发展主线之一。恒生科 技ETF（513130）是市场上较受投资者认可的港股科技板块配置工具之一，根据最新的基金2025年中期 报告，截至报告期末其持有人户数超22万户。另外恒生科技ETF（513130）还具有规模较大、流动性较 优、支持场内T+0等多重优势，同时产品年管理费为0.2%，有望助力投资者低成本布局港股科技类资 产。场外投资者可关注其场外联接基金（A类015310、C类015311）。（费率数据来源：产品法律文 件，截至2025/11/25） 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 消息面上，2025年11月25日，某互联网龙头企业发布2026财年第二财季（2025年第三季度）财报，财报 显示，集团收入约2478亿元，剔除已出售业务影响，收入同比增长15%，超越市场预期。其 中"AI+云"业务保持强劲增长，当季云智能集团收入398.2亿元，同比增长34%，AI相关产品收入连续9 个季度实现三位数同比增长 ...

消息面上，光模块CPO等人工智能方向迎来多重催化： 11月26日早盘，光模块CPO涨幅持续扩大，中际旭创盘中暴涨超11%直逼历史高点，新易盛涨超8%， 光库科技、天孚通信、太辰光、联特科技等多股跟涨超4%。 热门ETF方面，光模块含量超54%的创业板人工智能ETF（159363）持续拉升，场内价格涨5%，一举站 上所有均线。资金交易活跃，实时放量成交超7亿元！ 国盛证券近期研报指出，近期谷歌与英伟达的强势表现，共同勾勒出AI产业发展的核心飞轮：模型升 级催生算力需求，算力增长为模型创新提供基础。技术创新、算力基建与产业应用正形成良性循环，算 力产业链维持高景气度。继续看好算力板块，坚定推荐算力产业链相关企业如光模块行业龙头。 | | 分时 多日 1分 5分 15分 30分 ▼ | | | | | F9 盘前盘后 偷加 九榜 画法 工具 密 2 | | | 创业板人工智能ETF华室 | 159363 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | QREP | | | | 159363[创业板人工智能ETF华宝] 1 ...

Group 1 - The core viewpoint of the news is the positive outlook for the non-ferrous metals sector, driven by recent market trends and potential Federal Reserve interest rate cuts [3][4]. - The non-ferrous metals ETF (159876) has seen a price increase of 0.46% and has attracted 206 million yuan in the last 10 days, indicating strong investor interest [1]. - As of November 25, the total size of the non-ferrous metals ETF reached 686 million yuan, making it the largest among three ETFs tracking the same index [1]. Group 2 - Federal Reserve Governor Stephen Milan suggested increasing rate cuts to support the economy, with an 84.9% probability of a 25 basis point cut in December [3]. - Analysts believe that a Fed rate cut could boost non-ferrous metal prices due to currency depreciation, making metals cheaper in dollar terms and increasing global demand [3]. - Institutions are optimistic about the non-ferrous metals sector continuing a bull market, with key focus areas including copper and aluminum due to supply constraints and recovering demand, as well as lithium and cobalt driven by energy storage and battery needs [3]. Group 3 - The non-ferrous metals ETF (159876) and its linked funds provide comprehensive coverage of various metals, allowing for better risk diversification compared to investing in single metal sectors [4].

Group 1 - The overall market sentiment is improving, with the brokerage sector showing slight fluctuations and a minor decline of 0.18% in the top brokerage ETF (512000) [1] - The brokerage ETF (512000) has seen a net inflow of 108 million yuan on the latest trading day, with a cumulative net inflow exceeding 700 million yuan over the past five days [1] - Financial sector valuations are considered low, with an increasing probability of a bull market, and non-bank financials expected to have significant earnings elasticity [3] Group 2 - The brokerage sector is benefiting from the beta effect of the bull market, with potential for greater earnings elasticity due to successful transformations and improved profit quality [3] - The acceleration of mergers and acquisitions in the securities industry is noted, with plans for major firms to consolidate, aiming for economies of scale and synergy [3] - The current price-to-book (PB) ratio for the brokerage sector is 1.35, positioned at the 69th percentile over the past three years, indicating potential for upward movement in the long term supported by economic fundamentals and policy [3] Group 3 - The brokerage ETF (512000) and its linked fund (007531) passively track the securities company index, with top ten weighted stocks including major firms like East Money and CITIC Securities [4]

11月26日早盘，港股芯片产业链持续上行，全市场首只聚焦"港股芯片"产业链的港股信息技术ETF （159131）场内价格一度涨超1.6%，现涨0.98%，有望确认触底回升形态，截至发稿实时成交额超2900 万元。 | | | 分制 8日 1分 5分 15分 30分 60分 日 周 川 · | | | | | F9 盘前盘后 叠加 九坑 面线 工具 @ 1 > | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.9 77 | | | | 159131[准段值费技术ETF] 10:24 价 0.931 游戏 0.009(0.98%) 均价 0.932 成交量 204 IOPY 0.9290 - 1.63% | | | | D | | 0.931 +0.009 +0.98% | | | 0.930 | Carrely of AN J 2000 | | | | | | | OR1% | SZSE CNY 10:24:18 交易中 净值悲势 | 华室中证港股通信息技术综合ETF | | | 0.9 ...