（文章来源：每日经济新闻） 信创ETF（159537）跟踪的是国证信创指数（CN5075），该指数从沪深市场中选取涉及半导体、软件 开发、计算机设备等信息技术领域的上市公司证券作为指数样本，侧重反映信息技术创新主题的整体表 现。指数成分股平均市值较大，行业配置以半导体和软件开发为主，同时涵盖计算机设备及IT服务等领 域，全面展现信创产业的多元化发展格局。 国投证券指出，9月29日，DeepSeek正式发布 DeepSeek-V3.2-Exp 模型，这是一个实验性 （Experimental）的版本。作为迈向新一代架构的中间步骤，V3.2-Exp在V3.1-Terminus的基础上引入了 DeepSeek Sparse Attention（一种稀疏注意力机制），针对长文本的训练和推理效率进行了探索性的优化 和验证。在新模型的研究过程中，公司使用高级语言 TileLang 进行快速原型开发，以支持更深入的探 索。此次DeepSeek使用的TileLang是由北京大学计算机学院杨智副教授团队主导开发的一款开源AI算子 编程语言，其核心价值在于能够将高级别的数据流描述，自动转换并优化为高效的底层代码（如CUDA 或A ...

Group 1 - Nikkei 225 index surged 4.75% to reach a historical high, while Hang Seng Index rose 9.3% during the holiday, indicating strong performance in overseas markets [1] - A-share market has a historical trend of over 70% probability of rising in the first week after National Day, with three main drivers identified for a potential rebound [3] - The probability of a Federal Reserve rate cut in November has risen to 94%, leading to a shift of global funds from high-yield assets to emerging markets, with Chinese assets becoming a focal point [3] Group 2 - Domestic policies and liquidity are crucial for stabilizing the A-share market, with the central bank injecting 300 billion yuan in liquidity through reverse repos [5] - Various policy measures have been implemented, including tax refunds for semiconductor equipment purchases and consumer subsidies, creating a supportive environment for market recovery [5] - Industrial profits showed a significant turnaround, with a 20.4% year-on-year increase in August, ending three months of negative growth [5] Group 3 - The AI sector is experiencing growth, with AMD and OpenAI entering a multi-billion dollar partnership, driving global demand for computing power [7] - The penetration rate of domestic AI chips is expected to rise from 12% in 2024 to 28% in 2025, with private equity firms showing strong confidence in the technology sector [7] - Historical data indicates a 60% probability of the Shanghai Composite Index rising in the first five trading days after National Day, with an average increase of 1.41% [7] Group 4 - Analysts suggest the market has entered a "fundamentally driven bull market phase," with technology leading the way, while consumer and financial sectors are expected to catch up [9] - Semiconductor equipment companies are likely to benefit from policy subsidies, with firms like North Huachuang and Changchuan Technology showing strong profit growth [9] - The valuation of technology stocks remains low, with the computer industry PE at 38 times, below the 50th percentile since 2015 [9] Group 5 - Consumer sectors such as liquor and new energy are expected to benefit from seasonal demand and foreign capital inflow, supported by fiscal subsidies [11] - Financial sectors, including brokerage firms and banks, are positioned to gain from improved market sentiment and increased trading volumes [11] - Concerns exist regarding whether high valuations in technology stocks have already priced in future growth, especially if foreign capital takes profits [11]

Core Insights - The AI sector is experiencing significant growth, with the Shanghai Stock Exchange's Sci-Tech Innovation Board AI Index rising by 1.28% as of October 9, 2025, driven by strong performances from key stocks like Chipone Technology and Lattice Semiconductor [2] - OpenAI has made notable advancements, including the launch of its video generation model Sora 2.0, which is expected to revolutionize the video generation field [4] - Citigroup analysts have raised their AI capital expenditure forecast for 2026 from $420 billion to $490 billion, indicating a growth expectation of 24%, surpassing the current market consensus of 20% [3] Industry Developments - Ant Group's AI model Ring-1T, with a parameter count of 1 trillion, was announced as open-source on September 30, 2025, highlighting advancements in AI model capabilities [2] - OpenAI's partnership with major chip manufacturers like Samsung and SK Hynix for the "Stargate" project signifies a strategic move to enhance hardware support for AI applications [4] - The AI video generation market is projected to reach a trillion-dollar valuation, driven by the successful integration of social features in Sora 2, which has quickly topped the U.S. iOS app charts [6] Market Performance - The Sci-Tech AI ETF (588790) has shown strong performance, with a 2.56% increase over the last two weeks and a daily average trading volume of 747 million yuan over the past month, ranking first among comparable funds [2][8] - The ETF's assets have grown by 2.642 billion yuan over the past three months, indicating robust investor interest and confidence in the AI sector [8] - The top ten weighted stocks in the Sci-Tech AI Index account for 71.9% of the index, with companies like Lattice Semiconductor and Chipone Technology leading the way [9]

登录新浪财经APP 搜索【信披】查看更多考评等级 重要新闻 1. 央行：中国9月末黄金储备报7406万盎司，连续第11个月增持黄金 因市场对美国经济的担忧及政府停摆风险升温，现货黄金价格首次突破每盎司4000美元关口，为这轮火 热的涨势再添新动力。今年以来，受全球贸易不确定性、美联储独立性争议及美国财政稳定性担忧等因 素影响，黄金价格已累计上涨超50%。随着华盛顿方面陷入政府拨款僵局，投资者为防范潜在市场冲击 纷纷寻求避险，进一步加剧了金价上涨的紧迫性。此外，美联储货币政策宽松周期的开启也对黄金构成 利好。投资者对此的反应是大举涌入黄金交易所交易基金，9月黄金ETF录得逾三年来最大单月资金流 入。 盛宝资本市场策略师Charu Chanana表示："黄金突破4000美元关口，背后不只是恐慌情绪，更是资 产重新配置的需求。当前经济数据发布暂停、降息在即，实际收益率不断走低，而重仓人工智能板块的 股票估值已显过高。各国央行为这轮涨势奠定了基础，如今散户投资者和ETF资金正推动金价开启下一 阶段上涨。" 3. 央行10月9日开展11000亿元买断式逆回购操作 中国人民银行：为保持银行体系流动性充裕，2025年10月 ...

Group 1 - The A-share market opened positively on October 9, with the Shanghai Composite Index rising by 0.4%, driven by gains in precious metals, base metals, and computer hardware sectors, while shipping and soft drinks sectors faced declines [1] - Chip technology stocks continued to perform strongly, with the Chip ETF (159995) increasing by 2.17%. Notable individual stock performances included Tongfu Microelectronics rising by 10.01%, Lattice Semiconductor by 4.65%, Beijing Junzheng by 4.48%, Zhaoyi Innovation by 4.08%, and Haiguang Information by 3.72% [1] Group 2 - On October 6, OpenAI and AMD announced a multi-billion dollar chip deal to jointly develop AI data centers based on AMD processors. This signifies a significant collaboration in the AI chip market [3] - Huaxin Securities indicated that a new era for domestic AI chips has begun, highlighting the complete integration of the domestic AI industry chain from advanced processes to model acceleration by major companies like ByteDance, Alibaba, and Tencent [3] - The Chip ETF (159995) tracks the Guozheng Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC, Cambricon, Jiangsu Changjiang Electronics Technology, and Northern Huachuang [3]

重要消息提示 10月8日，伦敦现货黄金价格首次站上4000美元整数关口，再创历史新高。 特朗普宣布对进口中型和重型卡车征收25%关税 据央视新闻，当地时间10月6日，美国总统特朗普在其社交平台"真实社交"上发文表示，自2025年11月1 日起，所有从其他国家和地区进口至美国的中型和重型卡车将被征收25%的关税。9月25日，特朗普曾 表示，自10月1日起将对所有进口重型卡车加征25%关税。 高市早苗当选自民党总裁 预计将接任日本首相 据央视新闻，当地时间4日下午，日本执政党自民党举行总裁选举投计票。在第二轮投票中，前经济安 全保障担当大臣高市早苗获得多数选票，当选自民党新任总裁，大概率将成为新一任日本首相。 自2025年10月9日起，北交所将为存量股票启用新证券代码。这意味着，北交所所有股票将全部切换为 920新代码。据悉，2023年证监会提出，启用北交所独立代码号段，2024年4月，北交所开始在新上市企 业启用920代码。 美参议院未通过民主党提出的拨款法案，美国政府"关门"持续。 宏观•要闻 国务院办公厅印发《关于在政府采购中实施本国产品标准及相关政策的通知》 国务院办公厅印发《关于在政府采购中实施本国产品 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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！ 国庆假期可能影响市场的重要资讯有：央行连续11个月增持黄金；三名科学家获得2025年诺贝尔物理学 奖；我国科研人员解决全固态金属锂电池界面接触难题。 【宏观及市场要闻】 《求是》杂志发表习近平总书记重要文章《中华民族共同体的形成和发展是人心所向、大势所趋、历史 必然》 10月1日出版的第19期《求是》杂志将发表中共中央总书记、国家主席、中央军委主席习近平的重要文 章《中华民族共同体的形成和发展是人心所向、大势所趋、历史必然》。这是习近平总书记2024年9月 27日在全国民族团结进步表彰大会上讲话的一部分。文章强调，中华民族是有着五千多年文明史的伟大 民族。我国各民族共同开拓了祖国的辽阔疆域，共同缔造了统一的多民族国家，共同书写了辉煌的中国 历史，共同创造了灿烂的中华文化，共同培育了伟大的民族精神。 李强将出席朝鲜劳动党建党80周年庆祝活动并对朝鲜进行正式友好访问 据外交部网站消息，外交部发言人宣布：应朝鲜劳动党中央委员会和朝鲜民主主义人民共和国政府邀 请，中共中央政治局常委、国务院总理李 ...

本文来自微信公众号： 秦朔朋友圈 （ID：qspyq2015） ，作者：Irene Zhou，原文标题：《风水轮 流转，中概股又开始在华尔街走红了》，题图来自：AI生成 中国海外互联网企业代表KWEB （KraneShares CSI China Internet ETF） 指数今年的回报率高达 50%。是的，风水轮流转， 中概股又开始在华尔街走俏。 KWEB从2021年初的104美元，跌至2024年底的21美元，累计跌幅接近80%。这是中概互联网股最惨 烈的一轮熊市，反映了"政策监管+宏观环境疲软+中美关系紧张"的三重打击，全球投资者对中概互 联网的风险偏好几乎崩塌，然而到今年，一切似乎都变了。 事实上，不仅是在美上市的中概股，外资对港股、A股的关注度明显在今年下半年回升，中国是否具 有"可投资性"已无人再谈及。 这在国庆节行情中就得以体现。假日仍正常交易的港股在10月2日大涨，恒生指数一举突破27000点 大关，科技与AI再次成为市场核心。 在南下资金因假期缺席的情况下，港股依然大涨，可见这波强势主要是由海外资金驱动。 高盛交易台的信息显示， 这波上涨是由真实买盘推动，而非空头回补。 在美中概股的表现同样 ...

Group 1 - KWEB (KraneShares CSI China Internet ETF) has achieved a remarkable return of 50% this year, indicating a resurgence of interest in Chinese internet stocks on Wall Street [1] - The KWEB index fell from $104 at the beginning of 2021 to $21 by the end of 2024, reflecting a nearly 80% cumulative decline due to regulatory policies, a weak macro environment, and strained US-China relations [2] - There has been a noticeable increase in foreign investment interest in Hong Kong and A-shares, with discussions about China's investability no longer prevalent [3][4] Group 2 - The recent surge in Hong Kong stocks, particularly the Hang Seng Index surpassing 27,000 points, is primarily driven by overseas capital, even in the absence of southbound funds during the holiday [5] - Major Chinese tech companies like Alibaba and Baidu have seen significant stock price increases, benefiting from themes such as cloud services and data centers [5][7] - Analysts from Wall Street have reported a peak in international investor interest in Chinese stocks, with many roadshows conducted in the US and Asia [6] Group 3 - The AI wave in the US has finally linked to the Chinese stock market, leading to substantial gains in the semiconductor, hardware, and internet sectors, driven by advancements in self-developed chips and increased cloud business contributions [7][12] - The capital expenditure of major Chinese cloud service providers (BAT) has surged, with Alibaba and Baidu showing significant increases in their capital spending [27][28] - The growth prospects for Chinese data center companies like CenturyLink and GDS are optimistic, with increased demand for AI-related services and infrastructure [15][17] Group 4 - The recent developments in AI and domestic chip advancements have created a favorable environment for the Chinese stock market, mirroring the bullish trends seen in the US [20][22] - The capital expenditure of Chinese cloud service providers is rapidly catching up to that of their US counterparts, with a notable increase in spending [32] - The stock prices of Chinese data center companies have nearly doubled, reflecting the exponential growth in demand for AI-driven computing and storage solutions [33] Group 5 - International investors are showing strong interest in Chinese stocks, although long-term investments may take time to materialize [39][40] - Despite concerns over economic performance, particularly in real estate and consumption, the resilience of the Chinese stock market is expected to continue [41][42] - The upcoming events, including US-China negotiations and Federal Reserve decisions, will be crucial in shaping market sentiment and investment flows into Chinese equities [41][42]

和讯财经 和而不同 迅达天下 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 和闭猎报 10.04 08:51:15 时六 华能水电等:9月A股再融资总额 406.16亿环比增30% 【9月A股再融资总额环比增近30%,多家公司募资 超35亿】10月4日消息,按发行日期统计,9月A股 市场再融资完成总额406.16亿元,环比增加近 30%。其中定增募资超370亿元,环比增长近32%, 可转债募资35亿元,环比增长近一成。完成再融资 的公司有17家,环比增加1家。单家公司方面,9月 完成再融资募资的公司中,12家募资超15亿元,6家 超35亿元,包括华能水电、盛美上海、德赛西威、 寒武纪 - U等。 本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 【9月A股再融资总额环比增近30%，多家公司募资超35亿】10月4日消息，按发行日期统计，9月A股市 场再融资完成总额406.16亿元，环比增加近30%。其中定增募资超370亿元，环比增长近32%，可转债募 资35亿元，环比增长近一成。完成再融资的公司有17家，环比增加1家。 单家公司方面，9月完成再融 资募资的公司中，12家募资超15亿元， ...