今日A股早间震荡调整，三大指数集体下挫，大小指数明显分化，中小盘股表现较强。沪深两市半日成交额1.64万亿，较上个交易日缩量713亿。盘 面上热点高低切换， 电池、半导体热门赛道股集体调整， 先导智能低开低走大跌超11%，前期表现强势的燕东微、华虹公司、佰维存储等芯片产业 链个股集体重挫。 上涨方面， 今日热点集中在电网设备、核电、军工等方向， 其中新特电气20cm涨停，国电南自等多股涨停。风电设备概念股逆势走强， 吉鑫科技6天4板。核电板块延续强势，合锻智能3连板，安泰科技、中国核建2连板。 7x24h电报 头条新闻 VIP资讯 实时盯盘 下载财联社APP获取更多资讯 准确 快速 权威 专业 板块方面，燃气、电网设备等板块涨幅居前，贵金属、电池、半导体等板块跌幅居前。截至收盘，沪指跌0.51%，深成指跌1.85%，创业板 指跌3.40%。 ...

科创50指数盘初跳水，跌超4%。 盘面上，半导体芯片、动力电池、固态电池等板块集体走低，贵金属回调；燃气、煤炭、纺织服饰等板块回暖，培育钻石、乳业等概念股活跃。 港股三大指数早间开盘飘绿，恒生科技指数低开1.4%，锂电池、有色金属等热门板块普遍回调。截至发稿，恒生科技指数跌近2%。中芯国际跌超5%，领 跌恒生科技指数成份股。 | 26503.01 9448.79 | | 6346.00 | | --- | --- | --- | | 恒生指数 -0.93% | 国企指数 -0.85% | 恒生科技指数 -1.94% | | 序号代码 名称 | | 现价 涨跌 涨跌幅＾ | | 79.000 -4.500 -5.39% | - 0981 中芯国际 | | | 86.900 -3.950 -4.35% | 2 9868 小鹏汽车-W | | | 9866 蔚来-SW | ന | 58.600 -2.300 -3.78% | | 81.950 -3.250 -3.81% | 4 1347 | | | ട | 9888 百度集团-SW 128.90 -4.600 -3.45% | | | 86.250 -2.550 ...

格隆汇10月10日｜A股市场芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成 跌超10%，德明利、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科 技、气派科技、敏芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688110 | 东芯服份 | - | -11.66 | 427亿 | 287.79 | | 688525 | 佰维存储 | 1 | -11.00 | 443 乙 | 53.30 | | 688172 | 燕东微 | 1 | -10.40 | 416亿 | 45.24 | | 688249 | 晶合集成 | 1 | -10.33 | 714亿 | 53.31 | | 001309 | 德明利 | 1 | -8.93 | 430亿 | 204.96 | | 688347 | 束机公司 | 1 | -8.79 | 2032亿 | 151.93 | | 688766 | 普朗股份 | 策 | ...

格隆汇10月10日｜A股市场芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成 跌超10%，德明利、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科 技、气派科技、敏芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688110 | 东心服分 | - | -11.66 | 427亿 | 287.79 | | 688525 | 佰维存储 | 1 | -11.00 | 443 乙 | 53.30 | | 688172 | 燕东微 | 1 | -10.40 | 416亿 | 45.24 | | 688249 | 晶合集成 | H | -10.33 | 714亿 | 53.31 | | 001309 | 德明利 | 1 | -8.93 | 430亿 | 204.96 | | 688347 | 华虹公司 | 1 | -8.79 | 2032亿 | 151.93 | | 688766 | 普申股份 | 豪 | ...

经济观察网 芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成跌超10%，德明 利（001309）、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科技、气 派科技、敏芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 消息面上，10月9日，有投资者信用账户持有的中芯国际、佰维存储等股票两融折算率降为0，多家券商 解释称中芯国际、佰维存储均因为静态市盈率大于300倍，折算率调整为0。有业内人士称，这是券商依 据交易所规则开展的常态化操作，该规定自2016年起实施，并沿用至今，A股市场保持一致，并非只针 对某个行业或者板块，也就是说A股市场静态市盈率超过300倍的两融股票，折算率都会调整为0。 ...

A股市场芯片股集体重挫，其中，东芯股份、佰维存储跌超11%，燕东微、晶合集成跌超10%，德明 利、华虹公司、普冉股份跌超8%，联芸科技、芯联集成跌超7%，恒烁股份、翱捷科技、气派科技、敏 芯股份、中芯国际、长光华芯、中微半导跌超6%，中芯国际跌超5%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 688110 | 东芯股份 | -香 | -11.66 | 427亿 | 287.79 | | 688525 | 佰维存储 | 1 | -11.00 | 443亿 | 53.30 | | 688172 | 燕东微 | 1 | -10.40 | 416亿 | 45.24 | | 688249 | 晶合集成 | 44 | -10.33 | 714亿 | 53.31 | | 001309 | 德明利 | 1 | -8.93 | 430亿 | 204.96 | | 688347 | 中机公司 | 1 | -8.79 | 2032亿 | 151.93 | | 688766 | 普典股份 | 策 | -8.71 | ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - After continuous gains, high - flying sectors like AI have shown divergence recently, while sectors such as nuclear fusion, chips, and non - ferrous metals have emerged. Although short - term index fluctuations have increased, the long - term strategy is to go long on dips due to policy support for the capital market [4]. - In the fourth quarter, the supply - demand pattern of the bond market may improve. The market is likely to remain volatile under the intertwined bull - bear background of weak domestic demand recovery and improved inflation expectations. Pay attention to the stock - bond seesaw effect [7]. - With the weakening of the US dollar credit and the expectation of the Fed's interest rate cut, maintain a medium - term bullish view on precious metals. However, there is a significant risk of price correction in the short term [9]. - For most metals, factors such as supply - demand changes, cost fluctuations, and market sentiment affect their prices. For example, copper is supported by supply tightening and Fed rate - cut expectations; aluminum is expected to be volatile and strong; zinc is expected to be strong in the short term; and nickel may have a short - term downward exploration but is supported in the long term [12][14][16][18]. - For black building materials, although the current real - world demand for steel is weak, the market's expectation of demand recovery is rising. The price of iron ore may adjust if the downstream situation weakens. Glass is recommended to be treated bullishly in the short term, and soda ash is expected to be range - bound [31][33][35]. - For energy and chemical products, rubber is recommended to go long on dips; for crude oil, wait and see in the short term; methanol and urea can be considered for short - term long positions after a decline; and for some chemical products like PVC and ethylene glycol, the supply - demand situation is weak, and short - term waiting and seeing is recommended [53][55][56][58]. - For agricultural products, the prices of live pigs and eggs are expected to be weak in the short term; soybean meal is expected to be weak and volatile; oils are expected to be strong; sugar is recommended to be shorted on rallies; and cotton is likely to be weak in the short term [77][79][82][84][87][89]. Summary by Relevant Catalogs Macro - financial Category Stock Index - **Market News**: The Ministry of Commerce and the General Administration of Customs have imposed export controls on certain items; some foreign entities have been included in the unreliable entity list; some securities firms have adjusted the margin conversion ratios of certain stocks; and the price of spot gold remains high, with some banks adjusting their related businesses [2]. - **Basis Ratio of Stock Index Futures**: The basis ratios of IF, IC, IM, and IH in different contract periods are provided [3]. - **Strategy Viewpoint**: After the previous continuous rise, the high - flying sectors have shown divergence, and the short - term index fluctuations have increased. However, the long - term strategy is to go long on dips [4]. Treasury Bonds - **Market News**: The prices of TL, T, TF, and TS main contracts have changed; the daily average sales revenue of the national consumption - related industries during the National Day and Mid - Autumn Festival holidays has increased year - on - year; and export controls have been imposed on some medium - heavy rare earth - related items [5]. - **Liquidity**: The central bank conducted 6120 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 14513 billion yuan on the day [6]. - **Strategy Viewpoint**: The manufacturing PMI has rebounded, but the follow - up social financing and money growth may be under pressure. The bond market is expected to be volatile, and pay attention to the stock - bond seesaw effect [7]. Precious Metals - **Market News**: The prices of Shanghai gold and silver have declined, while the prices of COMEX gold and silver have increased. The US government shutdown has affected the release of economic data, and the Fed's meeting minutes show differences in the outlook for interest rates [8][9]. - **Strategy Viewpoint**: Maintain a medium - term bullish view on precious metals, but pay attention to short - term price corrections [9]. Non - ferrous Metals Category Copper - **Market News**: After the National Day, the copper price continued to be strong. The LME copper inventory increased, and the domestic electrolytic copper social inventory also increased. The spot import loss expanded, and the scrap copper substitution advantage increased [11]. - **Strategy Viewpoint**: Supply tightening and Fed rate - cut expectations support the copper price, but the short - term upward pace may slow down [12]. Aluminum - **Market News**: On the first day after the National Day, non - ferrous metals generally strengthened. The LME aluminum price rose, and the domestic aluminum inventory increased. The market atmosphere was warm, but the trade situation was still volatile [13]. - **Strategy Viewpoint**: The aluminum price is expected to be volatile and strong [14]. Zinc - **Market News**: The Shanghai zinc index rose, and the LME zinc price fell. The domestic social inventory increased slightly, and the zinc export window opened [15]. - **Strategy Viewpoint**: The Shanghai zinc is expected to be strong in the short term [16]. Lead - **Market News**: The Shanghai lead index rose, and the LME lead price also rose. The domestic social inventory decreased slightly [17]. - **Strategy Viewpoint**: The Shanghai lead is expected to be in a wide - range low - level shock in the short term [17]. Nickel - **Market News**: The nickel price rose significantly. The nickel ore price was stable, the nickel iron price was stable, and the MHP coefficient price increased slightly [18]. - **Strategy Viewpoint**: The short - term nickel price may decline, but it is supported in the long term. It is recommended to wait and see in the short term and go long on dips [18]. Tin - **Market News**: The tin price was strong. The supply was expected to increase slightly, and the demand in the traditional consumer electronics and home appliance sectors was still weak [21]. - **Strategy Viewpoint**: The tin price is expected to be high - level volatile in the short term. It is recommended to wait and see [21]. Carbonate Lithium - **Market News**: The carbonate lithium price was stable. The social inventory decreased, and a company obtained mining rights [22]. - **Strategy Viewpoint**: The supply - demand mismatch has led to a decrease in inventory. Pay attention to the supply and demand situation and the market atmosphere [22]. Alumina - **Market News**: The alumina index rose. The domestic and overseas prices changed, and the import window opened [23]. - **Strategy Viewpoint**: The alumina market is expected to be volatile. Wait and see for the macro - mood resonance [24]. Stainless Steel - **Market News**: The stainless steel price rose. The raw material prices were stable, and the social inventory decreased slightly [25]. - **Strategy Viewpoint**: The stainless steel price is expected to be range - bound. Pay attention to the RKAB approval progress [26]. Cast Aluminum Alloy - **Market News**: The cast aluminum alloy price rose. The trading volume increased, and the inventory increased slightly [27]. - **Strategy Viewpoint**: The downstream consumption is in the peak season, but the delivery pressure of the near - term contract is large, and the upside space is limited [28]. Black Building Materials Category Steel - **Market News**: The prices of rebar and hot - rolled coil rose. The inventory of rebar decreased, and the inventory of hot - rolled coil remained unchanged [30]. - **Strategy Viewpoint**: The current real - world demand for steel is weak, but the market's expectation of demand recovery is rising. Pay attention to policy signals [31]. Iron Ore - **Market News**: The iron ore price rose. The overseas shipment decreased, and the domestic arrival increased. The steel mill's profit rate continued to decline [32]. - **Strategy Viewpoint**: The iron ore price may adjust if the downstream situation weakens. Pay attention to the "Silver October" performance after restocking [33]. Glass and Soda Ash - **Market News**: The glass price rose, and the inventory increased. The soda ash price fell, and the inventory decreased [34][36]. - **Strategy Viewpoint**: Glass is recommended to be treated bullishly in the short term, and soda ash is expected to be range - bound [35][37]. Manganese Silicon and Ferrosilicon - **Market News**: The manganese silicon price rose slightly, and the ferrosilicon price fell slightly. The prices are in a shock range [38]. - **Strategy Viewpoint**: The black sector may first decline and then rise. Manganese silicon and ferrosilicon are likely to follow the black sector's trend [39][40][41]. Industrial Silicon and Polysilicon - **Market News**: The industrial silicon price was stable, and the polysilicon price fell. The supply and demand of industrial silicon changed little, and the polysilicon inventory was limited [42][44]. - **Strategy Viewpoint**: Industrial silicon is expected to be range - bound in the short term, and polysilicon may improve if the leading enterprises conduct maintenance [43][46]. Energy and Chemical Category Rubber - **Market News**: The rubber price stabilized. The tire production rate decreased, and the inventory decreased slightly. The spot price changed [48][50][52]. - **Strategy Viewpoint**: Go long on dips and partially build a hedging position [53]. Crude Oil - **Market News**: The crude oil price fell, and the inventories of related products changed. The US EIA data showed inventory changes [54]. - **Strategy Viewpoint**: Wait and see in the short term and verify the OPEC's export - price - support intention [55]. Methanol - **Market News**: The methanol price fell, and the inventory increased. The supply was high, and the demand was weak [56]. - **Strategy Viewpoint**: Consider short - term long positions after a decline [56]. Urea - **Market News**: The urea price fell, and the inventory increased. The supply was high, and the demand was weak [57]. - **Strategy Viewpoint**: Consider long positions at a low price [58]. Pure Benzene and Styrene - **Market News**: The pure benzene price was stable, and the styrene price fell. The supply and demand changed, and the inventory increased [59]. - **Strategy Viewpoint**: The styrene price may stop falling due to the seasonal peak season [60]. PVC - **Market News**: The PVC price fell, and the inventory increased. The supply was strong, and the demand was weak [61]. - **Strategy Viewpoint**: The PVC market is bearish in the medium term. Consider short positions [63]. Ethylene Glycol - **Market News**: The ethylene glycol price fell, and the inventory increased. The supply was high, and the demand was weak [64]. - **Strategy Viewpoint**: Wait and see in the short term [65]. PTA - **Market News**: The PTA price fell, and the inventory increased. The supply was affected by maintenance, and the demand was stable [66]. - **Strategy Viewpoint**: Wait and see in the short term [67]. Para - Xylene - **Market News**: The para - xylene price rose, and the inventory increased. The supply was high, and the demand was affected by PTA maintenance [68]. - **Strategy Viewpoint**: Wait and see in the short term and pay attention to the terminal and PTA valuation [69]. Polyethylene (PE) - **Market News**: The PE price fell, and the inventory decreased. The supply was limited, and the demand was expected to increase [70]. - **Strategy Viewpoint**: The PE price may rise in the long term [71]. Polypropylene (PP) - **Market News**: The PP price fell, and the inventory was high. The supply was large, and the demand was weak [72]. - **Strategy Viewpoint**: The PP market is in a weak supply - demand situation, and the inventory pressure is high [74]. Agricultural Products Category Live Pigs - **Market News**: The live pig price continued to fall. The slaughtering and sales situation was not good [76]. - **Strategy Viewpoint**: The live pig price is expected to be weak in the short term. Short the near - term contract and conduct reverse hedging [77]. Eggs - **Market News**: The egg price generally fell. The supply was greater than the demand, and the market confidence was low [78]. - **Strategy Viewpoint**: The egg price is expected to be weak in the short term. Wait for the bottom - building [79]. Soybean and Rapeseed Meal - **Market News**: The CBOT soybean price fell slightly. The domestic soybean meal price was stable, and the import cost was affected by multiple factors [80][81]. - **Strategy Viewpoint**: The domestic soybean meal supply pressure is large. It is expected to be weak and volatile in the short term [82]. Oils - **Market News**: Indonesia is promoting the B50 biodiesel plan. The domestic oil price rose, and the inventory may decrease [83]. - **Strategy Viewpoint**: The oil price is expected to be strong. Go long on dips [84]. Sugar - **Market News**: The sugar price rebounded slightly. The Brazilian sugar production data was released, and the port waiting quantity increased [85][86]. - **Strategy Viewpoint**: The sugar price is expected to be bearish in the long term. Short on rallies in the fourth quarter [87]. Cotton - **Market News**: The cotton price rebounded slightly. The spot price fell, and the acquisition price was lower than last year [88]. - **Strategy Viewpoint**: The cotton price is likely to be weak in the short term. There is cost support at the bottom [89].

智通财经记者 | 孙艺真 A股9只个股遭遇"去杠杆"。 智通财经了解到，10月9日盘后，东方财富证券通过短信通知投资者，相关投资者信用账户中持有的中芯国际（688981.SH）的融资融券折算率由0.7调整为 0、佰维存储（688525.SH）的折算率由0.5调整为0。 智通财经注意到，除东方财富证券之外，已有多家券商将部分个股的融资融券折算率下调为零。 例如，东北证券下调瑞晟智能（688215.SH）、佰维存储等5只个股的融资融券折算率为零；国泰海通、东方证券、国融证券、太平洋证券等多家券商将中 芯国际、佰维存储、路桥信息（920748.BJ）、曼恩斯特（301325.SZ）、永鼎股份（600105.SH）、哈空调（600202.SH）、宏辉果蔬（603336.SH）、天马 科技（603668.SH）、瑞晟智能9只A股股票的融资融券折算率统一调整为零。上述调整于10月9日生效。 | 证券代码 | 股票简称 | 调整前的折算率 | 调整后的折算率 | 折算率 | | --- | --- | --- | --- | --- | | | | (%) | (%) | | | 688525 | 佰维存储 | 30 | ...

10月9日，有投资者称接到东方财富证券短信告知，自10月9日起其信用账户持有的中芯国际（688981）的折算 率由0.70调整为0.00；佰维存储（688525）的折算率也由0.50调整为0.00。由于周四（10月9日）早盘大涨的中芯 国际，午后股价出现大幅跳水。因此，其融资融券折算率的调整消息成为市场关注热点。 智通财经记者10月9日查阅东方财富证券官网发现，中芯国际、佰维存储的折算率确已调整为0.00%。 股票的融资融券折算率为何调整为零？是否是个别券商情况？融资融券折算率是什么，又会在什么情况下会进 行调整呢？ 对此，智通财经记者向多家券商进行了解，而各券商的回复基本一致，称对相关标的融资融券折算率调整为 零，是根据交易所规定，因静态市盈率异常进行的调整，属常规操作。 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！ "融资融券交易实施细则有规定，静态市盈率在300倍以上或者为负数的A股股票，折算率为0%。"有券商人士对 智通财经记者解释称。 同时，该券商人士进一步指出："各家调整都一样，且一般都会发公告。" 记者查询国泰海通证券官网信息显示，10月9日共有9只股票的可冲抵保证金 ...

Economic Information - The margin trading ratio for SMIC (688981) has been adjusted from 0.70 to 0.00, and for BAWI Storage (688525) from 0.50 to 0.00 due to their static P/E ratios exceeding 300 [2] - The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration have announced adjustments to the technical requirements for new energy vehicles eligible for vehicle purchase tax exemptions for 2026-2027, increasing the minimum electric range for plug-in hybrid vehicles from 43 km to 100 km [2] Company Alerts - Dongfang Fortune's initial pricing for its inquiry transfer is set at 24.40 CNY per share, representing an 8.8% discount from the previous closing price [4] - New Yisheng's initial pricing for its inquiry transfer is set at 328 CNY per share, representing a 6.6% discount from the previous closing price [7] Overseas Alerts - The three major U.S. stock indices closed lower, with the Dow Jones down 0.52%, Nasdaq down 0.08%, and S&P 500 down 0.28%. Popular tech stocks showed mixed performance, with Oracle up over 3% and Meta up over 2%, while Apple and Google fell over 1% [5] - COMEX gold futures fell by 1.95% to 3991.1 USD per ounce, and COMEX silver futures fell by 2.73% to 47.655 USD per ounce [7]