行业资金流向方面，今日有12个行业主力资金净流入，有色金属行业主力资金净流入规模居首，该行业 今日上涨7.60%，全天净流入资金53.61亿元，其次是建筑装饰行业，日涨幅为2.17%，净流入资金为 18.68亿元。 主力资金净流出的行业有19个，非银金融行业主力资金净流出规模居首，今日上涨0.10%，全天净流出 资金67.25亿元，其次是汽车行业，今日跌幅为0.39%，净流出资金为43.25亿元，净流出资金较多的还 有传媒、电子、银行等行业。 10月9日，沪指上涨1.32%，深成指上涨1.47%，创业板指上涨0.73%，沪深300指数上涨1.48%。可交易 A股中，上涨的有3115只，占比57.48%，下跌的2186只。 资金面上，今日主力资金全天净流出199.66亿元。其中，创业板主力资金净流出111.98亿元；科创板主 力资金净流出48.35亿元；沪深300成份股主力资金净流出96.22亿元。 分行业来看，申万所属的一级行业中，今日上涨的有23个，涨幅居前的行业为有色金属、钢铁，涨幅为 7.60%、3.38%。跌幅居前的行业为传媒、房地产，跌幅为1.43%、1.39%。 | 行业 | 日涨跌幅（%） | ...

Core Viewpoint - On October 9, 2025, SMIC's stock experienced a significant drop, with intraday declines exceeding 10%, following a notification from Dongfang Caifu Securities that adjusted SMIC's conversion rate from 0.7 to 0, raising market concerns [1][5][6] Group 1: Stock Performance - SMIC's A-shares saw a peak increase of over 9% in the morning, but closed down 0.87% [1] - The H-shares of SMIC also faced a substantial adjustment, with a peak increase of over 4% in the morning, followed by a nearly 8% drop in the afternoon [3] - The static P/E ratio of SMIC reached 300.44 after the drop, leading to the adjustment of the conversion rate to 0, as per regulations for stocks with a P/E ratio exceeding 300 [9] Group 2: Market Sentiment and Industry Outlook - The semiconductor industry is expected to benefit from the exponential growth in AI computing demand, with North American cloud companies experiencing rapid performance growth [1][16] - The domestic semiconductor supply chain is making continuous progress, and the industry is poised for a potential uplift in market conditions due to AI computing infrastructure, cyclical recovery, and the consumer electronics peak season [16] - Recent trends indicate a significant increase in global memory chip prices, with major manufacturers like Samsung and SanDisk adjusting their pricing strategies [16]

| 正股股份(股份代號) | HKATS代號 | 合約買賣單位(股) | 於11月10日超提供 的每周到期合約 | | --- | --- | --- | --- | | (88) 同公堂展界中共映图书 | CNC | 1.000 | | | 中國移動有限公司 (941) | CHT | 500 | | | 中芯國際集成電路製造有限公司 ( 981 ) | SMC | 2.500 | 2025年11月14日及 2025年11月21日 | | 友邦保險控股有限公司 ( 1299 ) | AIA | 1,000 | | | 小米集團 - W ( 1810 ) | MIU | 1.000 | | 港交所今天(10月9日)宣布，将于2025年11月10日(星期一)起为中国海洋石油(00883)、中国移动（600941）(00941)、中芯国际(00981)、友邦保险 (01299)、小米集团(01810)等五只股票期权类别新增每周合约。新推出的每周期权合约将与月度合约互补，为投资者提供更具弹性及有效的短期风 险管理工具。 ...

| 正股股份(股份代號) | HKATS代號 | 合約買賣單位(股) | 於11月10日起提供 的每周到期合約 | | --- | --- | --- | --- | | ( 88 ) 阿公監嘱思公司 ( 883 ) | CNC | 1.000 | | | 中國移動有限公司 (941) | CHT | 500 | | | 中芯國際集成電路製造有限公司 ( 981 ) | SMC | 2.500 | 2025年11月14日及 2025年11月21日 | | 友邦保險控股有限公司 (1299 ) | AIA | 1,000 | | | 小米集團-W(1810) | MIU | 1.000 | | 智通财经APP获悉，港交所今天(10月9日)宣布，将于2025年11月10日(星期一)起为中国海洋石油(00883)、中国移动(00941)、中芯国际(00981)、友 邦保险(01299)、小米集团(01810)等五只股票期权类别新增每周合约。新推出的每周期权合约将与月度合约互补，为投资者提供更具弹性及有效的 短期风险管理工具。 ...

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% and the Hang Seng Tech Index dropping by 0.66% [1] Group 1: Semiconductor Sector - The semiconductor sector saw a collective downturn, with notable declines including Huahong Semiconductor and SMIC both dropping over 6%, InnoCare falling over 5%, and Shanghai Fudan decreasing over 4% [1] Group 2: Other Notable Stocks - Smoore International experienced a significant drop of over 12%, while Gilead Sciences and UBTECH Robotics both fell by over 9% [1] - Conversely, ZTE Corporation rose by over 12%, China Gold International increased by over 9%, and Luoyang Molybdenum gained over 7% [1]

成交额方面，中芯国际成交额242.49亿元，位居首位；*ST观典成交额741.48万元，位居末位。 经新华财经统计，10月9日，剔除停牌的上纬新材、帝奥微，科创板其余587股平均涨幅0.85%，平均换 手率4.06%，合计成交额3400.47亿元，平均振幅为5.26%。 个股表现方面，灿芯股份、西部超导、国光电气、中望软件收于20%涨停，涨幅居前；南新制药下跌 19.96%，跌幅居首。 新华财经北京10月9日电（罗浩） 科创50指数10月9日早间大幅高开，指数高位整理后进一步攀升，盘 中最高涨约6.26%，午后逐渐收窄涨幅，最终涨2.93%，收报1539.08点，成分股总成交额约1461亿元。 9日，科创综指显著高开后震荡上扬，盘中最高触及1777.51点，略高于该指数历史次高收盘点位—— 2021年8月12日收盘点位1777.04点，此后在多次上攻未果后逐渐回落，最终收涨1.59%，收于1744.27 点，总成交额约3400亿元。 当日，科创板中的半导体股整体涨幅靠前，化学制药股及生物制药股整体跌幅靠前。部分半导体股在冲 高后遭遇较大幅度回落，中芯国际早盘一度涨逾9%，收盘时跌0.87%。 换手率方面，先锋 ...

Market Performance - The A-share market opened positively after the holiday, with the Shanghai Composite Index rising by 1.32%, reaching its highest level since August 2015 [2] - The Shenzhen Component Index increased by 1.47%, while the ChiNext Index rose by 0.73% [3] - A total of 100 stocks hit the daily limit up, and over 3100 stocks experienced gains [5] Sector Performance - The non-ferrous metals and nuclear power sectors saw significant gains, while the semiconductor industry experienced a notable decline in the afternoon [5] - The real estate, tourism, and film sectors generally fell [5] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 2.65 trillion yuan, an increase of 471.8 billion yuan compared to the previous trading day [5] Capital Flow - Major capital inflows were observed in the non-ferrous metals, power equipment, and computer sectors, while there were outflows from the securities, automotive, and semiconductor sectors [7] - Specific stocks with net inflows included ZTE Corporation, Northern Rare Earth, and Hikvision, with inflows of 3.028 billion yuan, 2.658 billion yuan, and 1.361 billion yuan respectively [7] - Stocks with net outflows included Seres, SMIC, and Sungrow Power, with outflows of 2.52 billion yuan, 1.996 billion yuan, and 1.796 billion yuan respectively [7] Institutional Insights - CITIC Securities indicated that heavyweight stocks are driving the index higher, and the market is expected to continue its upward trend in the fourth quarter [8] - Guodu Securities noted that the overseas equity markets experienced a general rise during the National Day holiday, and the foundation for the current slow bull market remains intact [8] - The focus remains on the technology sector, with expected differentiation within the sector, emphasizing the importance of capturing high-growth areas [8] - Guojin Securities projected accelerated capital expenditure during the 14th Five-Year Plan, highlighting the active potential of the controllable nuclear fusion industry chain [8]

10月9日，沪深两市成交额合计2.65万亿元，较上一交易日放量约4717.86亿元。其中，沪市成交额1.22 万亿元，深市成交额1.44万亿元。中芯国际成交额居首，为242.49亿元。其后是中兴通讯、新易盛、北 方稀土、立讯精密，成交额分别为221.21亿元、188.91亿元、174.91亿元、170.47亿元。 ...

中芯国际A股成交额达200亿元，现涨1.02%。 ...

Group 1 - Semiconductor stocks showed strong performance in the morning, with Hua Hong Semiconductor and SMIC reaching new highs before experiencing a decline in the afternoon [1] - As of the report, Hua Hong Semiconductor (01347) fell by 7.36% to HKD 84.4, SMIC (00981) dropped by 6.31% to HKD 83.85, and Shanghai Fudan (01385) decreased by 5.78% to HKD 44.68 [1] - During the holiday period, both domestic and international semiconductor industries received multiple positive catalysts [1] Group 2 - Goldman Sachs raised the target prices for SMIC and Hua Hong Semiconductor, citing the expanding AI ecosystem in China as an opportunity for the semiconductor sector [1] - The report indicates that with the development of domestic AI solutions, both SMIC and Hua Hong Semiconductor are expected to become leading foundries in China and benefit in the long term [1] - Citigroup noted that despite a 34% valuation premium for the semiconductor index, the high growth rate supported by AI effects makes the valuation reasonable, suggesting that the current semiconductor cycle still has upward potential [1]