Simon:下只個股廣汽集團(02238)，股價繼續向下行，股價跌穿保力加通道的底部。往往股價跌到技術 參數低位的時候，市場認為有機會搏反彈。比如2238除了跌穿底部之外，股價也來到見3個月低位，不 排除投資者搏反彈。目前技術信號總結為"買入"。窩輪市場上，暫時看到合適的認購證產品不多，這里 也可能需要發行商配合一下，出多一些產品。比如2238正股，投資者考慮認購證的時候，沒有合適的產 品，只能選擇等市場上新衍生品或參與正股。 Simon:比亞迪（01211）股價貼近保力加通道的底部69.8元。市場上有投資者看至65元左右。參考我們 技術分析的話，有機會挨近65元附近的。因為數據系統分析首要的支持位68.5元和66.3元，差不多貼近 65元。當然不排除有投資者認為會反彈？而結合目前技術信號為"買入"。也留意到近期有幾次，當1211 的股價挨近日線的保力加通道底部的時候，都有會反彈的情況。回到窩輪市場，認購證方面，首先參考 阻力位73.4元，這個行使價區間的產品有8只可以選擇，到期日都差不多，處於年底12月或明年1月初到 期。這8只產品中，首先看引伸波幅，產品的差別都比較大。這也是一個很好的例子，可以看到產品條 ...

Core Viewpoint - The Hong Kong stock market has rebounded following the Federal Reserve's dovish stance, with significant gains in technology stocks, particularly Alibaba and Bilibili [1][4]. Group 1: Market Performance - Alibaba's stock rose by 3.86%, reaching a peak increase of 4.56% during the trading session [1]. - Bilibili's stock increased by over 4%, while Xiaomi and Meituan saw gains of over 1% [1]. - The Hong Kong Internet ETF (513770) experienced a 2.54% increase, ending a four-day decline with a trading volume of 875 million yuan [2][3]. Group 2: Investment Trends - The Hong Kong Internet ETF has seen a net inflow of 130 million yuan over the past four days, indicating strong buying interest [3]. - The ETF's total size has surpassed 11 billion yuan, marking a historical high, with an average daily trading volume exceeding 600 million yuan this year [10]. Group 3: Industry Outlook - The ongoing global interest rate cut cycle is expected to provide upward momentum for the stock market, with Hong Kong's tech sector poised to attract foreign capital due to its valuation advantages [4][5]. - The AI industry is accelerating in China, with major players like Alibaba and Tencent making significant advancements, which could lead to a revaluation of internet stocks [4][5]. - The Hong Kong Internet sector is currently trading at a lower valuation, with a price-to-earnings ratio of 26.69, which is significantly lower than that of US and A-share tech stocks [8]. Group 4: Key Players - The top three holdings in the Hong Kong Internet ETF are Alibaba (18.92% weight), Tencent (15.60% weight), and Xiaomi (11.54% weight), collectively accounting for over 73% of the ETF [5][6]. - The ETF tracks the CSI Hong Kong Internet Index, which has shown significant outperformance compared to the Hang Seng Tech Index this year [7].

价格战的战火，已经从外卖烧向了超市行业。京东折扣超市、超盒算NB（原阿里盒马NB）和快乐猴（美团旗下超市品牌），靠着一大批价格低到匪夷所 思的商品，正在城市的街头巷尾争夺着大爷大妈的青睐。 这一切的关键，都在于三个字：硬折扣。 这期内容我们来聊一聊，为什么硬折扣成了大厂们的新战场。 01 京东折扣超市、超盒算NB、快乐猴，本质都是硬折扣商店。 这个「硬」是相对于「软折扣」的「软」而产生的。 30枚无抗鲜鸡蛋只卖11块5。 一箱12瓶550毫升装矿泉水只卖7块9。 2.5公斤的海天味极鲜特级酱油只卖19块9。 5公斤的超市自营洗衣液只卖17块8。 软折扣也可以称之为库存折扣。 库存，是所有卖货人最讨厌的两个字，它意味着前期投入的货款收不回来，意味着商品占着货架占着仓库，仓储和销售都是有成本的。 为了清掉这些烫手山芋，打折自然就要打折。 只要折扣够狠，就没有卖不出去的消费品，21万的雪铁龙老气横秋全是缺点，12万的雪铁龙成熟稳重完美无缺。 哪怕是亏本，只要能卖掉，多少也能少亏点。 软折扣的优势，就在于它卖的是库存，放在那里不动也是有成本的，急于出手的商家真的可能给它打一个匪夷所思的折扣。 有人形容，软折扣就是商业 ...

Market Overview - The Hong Kong stock market experienced a strong rebound after seven consecutive declines, with the Hang Seng Index rising 1.84% to 25,910.60 points and a total trading volume of HKD 315.81 billion [1] - Market sentiment is expected to show a "first suppress then rise" trend in the short term, with a potential slow bull market in the medium to long term as multiple marginal benefits accumulate [1] Blue-Chip Stocks Performance - Alibaba (09988) saw a notable increase of 3.86%, closing at HKD 161.6, contributing 90.84 points to the Hang Seng Index [2] - Other blue-chip stocks such as China Life (02628) and JD Health (06618) also performed well, rising 6.02% and 5.82% respectively [2] Sector Highlights - Large technology stocks collectively rebounded, with Alibaba up nearly 4%, Baidu up 2.74%, and Tencent up nearly 1% [3] - The consumer sector was strong, driven by domestic demand expectations and the upcoming "Double 11" shopping festival [3] - Gold stocks surged following the spot gold price surpassing USD 4,200 per ounce, with companies like Zhenfeng Gold (01815) rising 24.21% [5] Chip Sector Developments - Semiconductor stocks generally rose, with notable increases in companies like Jingmen Semiconductor (02878) and Huahong Semiconductor (01347) [6] - The Bay Area Semiconductor Industry Ecological Expo showcased advancements in domestic electronic engineering design software, enhancing industry competitiveness [6] New Listings and Rumors - Xuan Bamboo Biotechnology (02575) debuted with a significant increase of 126.72%, closing at HKD 26.3 [7] - Sanhua Intelligent Control (02050) rose 12.92% amid rumors of a substantial order from Tesla, although the company is verifying the information [8] Earnings Reports - China National Building Material (03323) issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of RMB 684 million in the same period last year [10]

沪港通（南向）十大活跃成交公司 智通财经APP获悉，2025年10月15日当天，阿里巴巴-W(09988)、盈富基金(02800)、中芯国际(00981)位 居沪港通（南向）成交额前3位，成交额分别为71.32 亿元、63.49 亿元、53.61 亿元；阿里巴巴- W(09988)、中芯国际(00981)、腾讯控股(00700) 位居深港通（南向）成交额前3位，成交额分别为40.50 亿元、30.42 亿元、26.85 亿元。 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 71.32 亿元 | +4.86 亿元 | | 盈富基金(02800) | 63.49 亿元 | -62.71 亿元 | | 中芯国际(00981) | 53.61 亿元 | -6.87 亿元 | | 华虹半导体(01347) | 28.53 亿元 | +1.32 亿元 | | 腾讯控股(00700) | 27.04 亿元 | +6.12 亿元 | | 恒生中国企业(02828) | 25.55 亿元 | -23.20 亿元 | | ...

Group 1 - Major stock index futures are rising, with Dow futures up 0.30%, S&P 500 futures up 0.46%, and Nasdaq futures up 0.65% [1] - Chinese concept stocks are experiencing a pre-market rally, with Alibaba up 2.25%, Pinduoduo up 1.35%, JD.com up 1.53%, Baidu up 2.88%, and Li Auto up 1.58% [1] - TSMC shares rose over 4.5% as market expectations indicate a 26% year-on-year increase in Q3 net profit, reaching NT$410.58 billion, surpassing the previous quarter's record of NT$398.27 billion [1] Group 2 - Intel shares increased over 2% following the announcement of a new data center GPU, Crescent Island, featuring 160GB memory, as part of its AI strategy [2] - ASML shares rose 3.5% after reporting Q3 net profit of €2.13 billion, exceeding market expectations of €2.08 billion, with new orders totaling €5.4 billion (approximately $6.27 billion), doubling from €2.63 billion year-on-year [2] - Citigroup raised Broadcom's target price to $415 following a partnership announcement with OpenAI regarding a custom AI accelerator [2] Group 3 - Nuclear power stocks surged, with Oklo and Centrus Energy up over 6%, and NuScale Power up over 5%, following the U.S. military's announcement of the "Janus" plan to deploy small reactors at military bases to address energy demands [3]

大幅净买入：阿里巴巴-W(09988.HK)8.57亿港元；华虹半导体(01347.HK)4.46亿港元；小米集团-W(01810.HK)2.96亿港元；泡泡玛特 (09992.HK)2.04亿港元；三花智控(02050.HK)1.64亿港元。 大幅净流出：中芯国际(00981.HK)6.42亿港元。 趋势上，南下资金已连续5日减持中芯国际，连续8日净买入小米集团。 投资要点 阿里巴巴-W今日涨3.86%，短线资金流入趋缓，前5日加仓2592万股。 华虹半导体今日涨5.34%，短线资金仍以流出为主，前5日减持1780万股。 小米集团-W今日涨1.77%，短线资金持续流入，前5日加仓6008万股。 泡泡玛特今日涨3.80%，短线资金加速流入，前5日加仓724万股。 三花智控今日涨12.92%，短线资金趋势不明，前5日减持58万股。 中芯国际今日涨3.61%，短线资金持续流出，前5日减持4987万股。 注：由于港交所T+2结算，实际为向前递延两个交易日的前5日数据。 智通财经10月15日讯（编辑 冯轶）据Wind数据显示，南向资金今日成交约1436.45亿港元，较前一日缩量约385亿；约为今日恒指成交总额的45. ...

【导读】 超长周期的"双十一"大促启幕，即时零售与出海策略成 平台间" 新战场 " 中国基金报记者 赵刚 今年"双十一"的启动时间再次刷新纪录，"购物节"已然变为"购物季"。 消费者疲于"奥数题"式的优惠计算，今年各平台宣称简化规则，"官方立减""一件直降""无需 凑单"成为共同关键词。 中信证券研究表示，今年"双十一"启动时间较去年提前一周左右，全周期超过一个月，一方 面体现出平台对于促销的渴求与加码，另一方面也削弱了消费者对于大促的感知与购买冲动 。 此外，不同于往年的繁复规则，今年各大平台普遍推行"立减直降、明折明扣"的简洁玩法。 例如，京东实行跨店满减，无需领券即可自动抵扣；淘宝天猫推出"官方立减"，消费者享受 优惠不用凑单；抖音商城则通过立减折扣直接传递降价信息。 具体来看，多数平台都提供了"满300减50"的优惠，叠加部分"单件立减"的活动，整体优惠 基本在83折至85折之间，优惠力度与往年相比差别较小。 "即需即得"成 新焦点 随着各大平台在"外卖大战"中不断积累即时配送能力，" 即时零售"已然成为今年"双十一"各 平台角逐的关键领域。 然而，在这份"简单"背后，一场更为复杂的竞争 似乎 正在上 ...

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net selling from northbound capital, totaling 54.43 billion HKD, with the Shanghai-Hong Kong Stock Connect seeing a net sell of 63.1 billion HKD, while the Shenzhen-Hong Kong Stock Connect recorded a net buy of 8.66 billion HKD [1]. Group 1: Stock Performance - Alibaba-W (09988) had a net buy of 4.86 billion HKD, with total transactions amounting to 71.32 billion HKD [2]. - The largest net sell was observed in the Tracker Fund of Hong Kong (02800), with a net sell of 62.71 billion HKD [2]. - Semiconductor stocks showed divergence, with Hua Hong Semiconductor (01347) receiving a net buy of 4.45 billion HKD, while SMIC (00981) faced a net sell of 6.42 billion HKD [5]. Group 2: Company-Specific Developments - Alibaba's net buy was supported by the upcoming Double 11 shopping festival, with significant promotional activities planned [4]. - High expectations for Alibaba's future capital expenditures were raised by Goldman Sachs, predicting a total of 460 billion CNY over the next three years [4]. - Xiaomi Group-W (01810) received a net buy of 2.96 billion HKD, with plans for a major promotional event and the launch of a new SUV model [5]. Group 3: Market Trends and Investor Sentiment - Tencent (00700) saw a net buy of 2.5 billion HKD, with analysts expecting strong performance in its upcoming earnings report [6]. - The overall sentiment in the Hong Kong market is affected by rising tensions in US-China trade relations, leading to a decline in investor risk appetite [8]. - The market is anticipated to experience fluctuations, with current valuations at historically high levels [8].

每经AI快讯，10月15日，南向资金净卖出54.43亿港元。其中，盈富基金、恒生中国企业分别遭净卖出 85.75亿港元、33.38亿港元；阿里巴巴-W获净买入约8.57亿港元。 ...