上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 今天上午，市场四条主线走势活跃。 一是商业航天板块继续上涨，市场对该板块的热情扩散至国防军工板块；二是贵金属、工业金属等 板块上涨；三是电网设备等板块大涨；四是以半导体、算力等板块代表的科技股上涨。 最近农业银行的走势引人关注。昨天尾盘，农业银行直线拉升，集合竞价阶段，股价再度跳涨，收 盘上涨1.41%。今天上午，农业银行一开盘就直线下跌，上午下跌3.28%，最新市值2.68万亿元。 在此之前，12月9日，农业银行上涨2.55%，12月10日下跌2.74%。 中兴通讯昨天跌停，今天上午下跌0.32%，最新市值为1803亿元。 中兴通讯午间发布公告称，公司拟使用自有资金以集中竞价交易方式回购公司A股股份，用于实施 公司员工持股计划或者股权激励。本次回购资金总额为不低于10亿元且不超过12亿元（均包含本 数）。 银行板块上午回调，压制上证指数表现。截至上午收盘，上证指数下跌0.04%，深证成指上涨 0.57%，创业板指上涨0.6%。 商业航天板块上涨 今天上午，商业航天板块上涨，掀起涨停潮。 | | | | 成分股 | 星 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 最近每天都有蓝筹股异动！ 华虹大跌 12月12日早间，港股华虹半导体和A股华虹公司股价双双大幅杀跌，引发市场关注。而华虹麦银六一购A更是 一度大跌超46%，中芯信证五乙购A亦一度大跌超44%。 消息面上，据恒生指数官网，恒生港股通软件及半导体（可投资）指数将改名为恒生港股通软件主题指数，成 份股数目固定为40只，加入阅文集团(00772.HK)、趣致集团(00917.HK)、美图(01357.HK)、汇量科技 (01860.HK)4股份，同时剔除ASMPT(00522.HK)、中芯国际(00981.HK)、华虹半导体(01347.HK)、英诺赛 科(02577.HK)4只股票，于2025年12月16日（星期二）生效。 另外，有外资研究机构亦认为，H200的消息可能会影响华虹半导体的做多逻辑，海外投资者可能会重新评估 芯片制造商的竞争力和优势。华虹半导体昨天跌幅就达4.8%，中芯国际昨日收盘亦跌2.26%。 国产替代的趋势并未变 值得注意的是，国产替代的方向可能并未发生变化。 从中国中冶开始，到中兴通讯，再到今天的华虹半 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 美联储年内三次降息，中国资产正迎来全球资金的青睐。摩根士丹利披露的数据显示，截至今年11 月，境外长线资金今年以来通过沪深港通等渠道净买入约100亿美元的中国内地及香港股票。 多家外资机构表示，中国经济展现出韧性，市场估值具备吸引力，且政策环境持续优化，推动海外 长线资金加速回流中国股市。从配置方向看，外资重点关注科技成长、资源品、基本面改善行业及 高股息板块。 海外资金回流中国市场 伴随美联储年内三次降息，海外资金呈现出积极流入中国资产的态势。 摩根士丹利披露的数据显示，截至今年11月，境外长线资金今年以来通过沪深港通等渠道净买入约 100亿美元的中国内地及香港股票，与2024年约170亿美元的资金流出形成鲜明对比。 高盛最新发布的全球资金流向报告显示，在截至12月3日的一个月中，中国内地股票基金获得 58.46亿美元净流入，规模超过韩国、印度等市场。 海外中国ETF今年以来也持续"吸金"。富途数据显示，截至12月9日，中国海外互联网ETF- KraneShares资产规模为89.14亿美元，相较于去年年底的54.1 ...

截至收盘，道指涨1.34%报48704.01点，标普500指数涨0.21%报6901点，纳指跌0.25%报 23593.86点。标普500指数与道指携手创下收盘历史新高，而科技权重更高的纳指表现不佳。 市场受美联储降息提振，风险偏好持续修复，推动股市整体估值回升，但甲骨文的财报不及预 期重新引发了市场对科技股估值过高的担忧。 此外， 在美联储宣布降息后，贵金属价格再度强势，现货黄金价格升至一个多月来最高水平， 现货白银价格则再度创下历史新高，触及64.308美元/盎司。 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 当地时间周四（12月11日），美股市场上演剧烈的风格轮动，科技股受挫，小盘股和周期股走 高。 道指、标普500指数刷新收盘纪录 当地时间周四，美股三大股指收盘涨跌不一。截至收盘，道指涨1.34%报48704.01点，标普 500指数涨0.21%报6901点，纳指跌0.25%报23593.86点。标普500指数与道指携手创下收 盘历史新高，而科技权重更高的纳指表现不佳。 盘面上，大型科技股多数下跌，万得美国科技七巨头指数下跌0.71%。个股方面，谷歌跌超 ...

冰雪经济迎来重磅利好政策。 12月11日消息，《辽宁省冰雪旅游高质量发展三年行动计划（2025—2027年）》公开征求意见，其中 提出，培育省级以上滑雪旅游度假地10个，打造冰雪旅游精品线路10条以上，冰雪旅游综合消费带动效 应显著增强，辽宁冰雪品牌影响力全面提升。力争到2027年，全省冰雪旅游年接待人次突破2.6亿，年综 合收入达到2500亿元以上。 近期，冰雪旅游相关主题升温。伴随气温降低，北方多地滑雪场"开板"，冰雪旅游季即将开始。当前，国 内主要冰雪游目的地航班预定热度、酒店、民宿等预订热度皆有所上升。2025国际冬季运动博览会主论 坛发布的《中国冰雪产业发展研究报告(2025)》显示，今年我国冰雪产业规模将突破万亿元大关，达 10053亿元。 辽宁重磅发布 据辽宁省文化和旅游厅网站消息，《辽宁省冰雪旅游高质量发展三年行动计划（2025—2027年）》（以 下简称《行动计划》）公开征求意见，其中提到，充分挖掘辽宁冰雪文化内涵，健全完善专业型、爱好 型、大众型三级产品体系，持续创新"冰雪+""+冰雪"多元业态与消费场景，构建层次清晰、特色鲜明的 辽宁冰雪旅游发展新格局，塑造具有辽宁辨识度的大众冰雪旅游品 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 降息反成"坑"？ 美联储昨晚降息且表示扩表，没想到反而成了诱多因子。今天早上，亚太主要股市皆高开，但随后全线跳 水。同时，标普500指数期货跌幅扩大至1%，纳斯达克100指数期货下跌1.5%。虚拟货币也集体下跌， 比特币再度跌破9万美元大关，其余主要币中全线大幅走弱。 那么，究竟发生了什么？分析人士认为，主要有三个原因： 一是，甲骨文公司股价盘后暴跌达11.5%，加深了市场对于AI泡沫的担忧； 二是，美联储虽然降息，但"点阵图"维持2026年只有一次降息的预测； 三是，最近市场都在反应日本央行加息。今早，更有日本央行前官员预计，到2027年或将有四次加息。 "黑天鹅"甲骨文 美东时间周三盘后，美股科技巨头甲骨文股价暴跌11.55%。 隔夜美股盘后，甲骨文公司公布了令人失望的财报。该公司近期大规模的人工智能订单可能需要更长时间 才能兑现。甲骨文第二财季财报显示，云业务销售额增长34%，达到79.8亿美元；公司备受关注的基础 设施业务收入增长68%，至40.8亿美元。但这两个数字均略低于分析师的预期。公司在周三的声明中表 ...

Core Viewpoint - ZTE Corporation's stock has experienced significant declines, with A-shares dropping over 7% and H-shares falling more than 8% due to unfavorable rumors despite initial positive market reactions to the launch of the Nubia M153 AI phone [2][4]. Stock Performance - ZTE's A-shares fell by over 7%, while H-shares dropped by more than 8% [2][4]. - The ZTE Far East Six Five Call A option saw a decline of over 25%, having halved in value within a few trading days [2]. Market Reactions - The launch of the Nubia M153 AI phone, developed in collaboration with Doubao, initially boosted ZTE's stock performance [2]. - However, negative rumors led to a sharp decline in stock prices shortly after the positive market response [2]. Shareholder Actions - There is a noticeable divide among major shareholders regarding ZTE's stock, with many foreign investors reducing their holdings during the stock's rise [5]. - BlackRock's long position in ZTE's H-shares decreased to 6.80% as of September 30, down from 7.96%, marking the second reduction in eight days [6]. - JPMorgan Chase & Co. and UBS also reduced their holdings in ZTE's H-shares, indicating a trend of divestment among institutional investors [7]. Institutional Holdings - As of the third quarter, ZTE remains a heavily held stock among institutions, with approximately 210 institutions holding 1.455 billion shares, although this represents a reduction of about 82.22 million shares compared to the previous quarter [9][10]. - The cumulative holding ratio among institutions decreased to 36.13% from previous levels [10]. Positive Developments - ZTE has also seen positive developments, such as the successful launch of the Nubia M153 phone, which sold out quickly [9]. - The company is involved in significant projects, including the development of a domestically produced chip for electric vehicles in collaboration with GAC Group [9]. Analyst Outlook - Tianfeng Securities maintains a "buy" rating for ZTE, citing its leadership in the domestic ICT sector and its expansion into IT and AI capabilities [10]. - The adjusted profit forecasts for ZTE from 2025 to 2027 are 7.725 billion, 9.029 billion, and 10.459 billion yuan, respectively, with corresponding EPS estimates of 1.61, 1.89, and 2.19 yuan [10].

Core Viewpoint - The article highlights the significant market movements in the electric power infrastructure and commercial aerospace sectors, driven by recent developments and investor interest. Electric Power Infrastructure Sector - The electric power infrastructure chain showed active performance, with flexible DC transmission, grid equipment, and ultra-high voltage sectors experiencing notable increases [5][9]. - Specific stocks such as Tongguang Cable and Zhongchao Holdings saw substantial gains, with Tongguang Cable rising by 19.98% [6]. - The global demand for electricity is expected to surge due to the expansion of AI data centers, which is creating a critical need for upgraded grid infrastructure [9]. - Citigroup's recent report indicates that the global electricity demand is set to expand exponentially, potentially becoming a bottleneck for AI technology development [9]. - The Chinese government's "14th Five-Year Plan" emphasizes the importance of a new energy system, which supports long-term opportunities in ultra-high voltage and smart grid sectors [9]. Commercial Aerospace Sector - The commercial aerospace sector continued its upward trend, with companies like Zhenlei Technology and Keqiang Co. experiencing significant stock price increases [11]. - Recent successful satellite launches and the establishment of new aerospace companies in China are contributing to the sector's growth [12]. - The launch of the first energy engineering satellite in China marks a significant milestone, showcasing advancements in radar remote sensing technology [12].

Core Viewpoint - The article highlights significant market movements following the Federal Reserve's interest rate cut, with a focus on the performance of various sectors, particularly technology and e-commerce, indicating a shift in investor sentiment towards growth and defensive assets [4][10][17]. Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones up 1.05%, S&P 500 up 0.67%, and Nasdaq up 0.33% [8]. - Notable gainers included Nike (+3.91%), Caterpillar (+3.56%), and Johnson & Johnson (+3.32%), leading the Dow components [9][10]. Federal Reserve Actions - The Federal Reserve cut interest rates by 25 basis points, bringing the target range to 3.50%–3.75%, marking the third cut of the year [17]. - Fed Chair Jerome Powell indicated that the economic outlook remains stable, with moderate expansion and a cooling labor market, while inflation remains above the 2% target [19]. Technology Sector - The Philadelphia Semiconductor Index rose 1.29%, reaching a historical high, driven by strong performances from companies like Micron Technology (+4.47%) and Qualcomm (+3.53%) [22][25]. - The rise in semiconductor stocks reflects growing investor confidence in the technology sector amid broader market gains [23]. E-commerce Trends - Morgan Stanley forecasts that by 2030, smart agent shopping could account for 10%–20% of the e-commerce market, representing a potential $190 billion to $385 billion in U.S. e-commerce spending [27][28]. - Approximately 23% of Americans have used AI for shopping in the past month, indicating significant adoption potential for AI-driven shopping experiences [28].

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 外资看多、做多中国资产。 站在当前时点，外资机构对中国资产的兴趣正持续提升。据最新消息，摩根大通表示，受全球经济增长稳 健、中国企业盈利提升以及中国电商巨头间竞争缓解等因素的支撑，预计到2026年底，MSCI中国指数预 计将上涨约18%。汇丰私人银行也在最新发布的报告中预测，恒生指数到2026年底将升至31000点，较 最新收盘点位，潜在上涨空间约21%。 "中国股票涨势将延续" 当地时间12月9日，摩根大通首席亚洲及中国股票策略师刘鸣镝在新闻发布会上表示，预计随着企业估值 逐步正常化，关键行业的盈利能力提高，明年MSCI中国指数将进一步反弹。 另据摩根士丹利的最新数据，截至今年11月，外国多头基金在A股、港股市场中合计买入了约100亿美元 的股票。有机构预计，受政策支持、企业盈利改善和估值吸引力等多重因素的推动，2026年外资增配中 国资产的趋势将持续。 刘鸣镝说道："（中国）企业的盈利状况让我们充满信心。如今，A股、港股市场的盈利状况正在逐步恢 复。" 摩根大通预测，到2026年底，MSCI中国指数预计将上涨约18 ...