A股午评：三大指数下跌创指跌3.40%，大消费板块逆势活跃半导体调整！超2300股下跌，成交16561亿缩量708亿；机构解读

Market Overview - The major stock indices opened lower and continued to decline, with the ChiNext Index dropping over 3% and the Sci-Tech 50 Index falling more than 4% [2] - By midday, the Shanghai Composite Index was at 3913.80 points, down 0.51%; the Shenzhen Component Index was at 13471.74 points, down 1.85%; and the ChiNext Index was at 3150.78 points, down 3.40% [2] Sector Performance - The electric grid equipment sector saw significant gains, with New Special Electric reaching a 20% limit-up, along with several other stocks [5] - The consumer sector was active, particularly in retail and food and beverage, with multiple stocks hitting their upper limits [4] - The military equipment sector continued to rise, with stocks reaching their upper limits [2] - Conversely, the semiconductor sector faced a pullback, with stocks like Dongxin Co. and Yandong Microelectronics dropping over 10% [2] - Precious metals experienced a decline, leading the downward movement, while the solid-state battery sector also weakened [2] Key Highlights - The consumer sector's growth was supported by data from the Ministry of Commerce, indicating a 2.7% year-on-year increase in sales for key retail and catering enterprises during the National Day and Mid-Autumn Festival holiday [4] - Goldman Sachs reported an increase in electric grid investment expectations from $720 billion to $780 billion by 2030, with a focus on distribution infrastructure [5] Institutional Insights - CITIC Securities noted a rapid increase in gold prices since late August, driven by expectations of Federal Reserve rate cuts and geopolitical tensions, projecting gold prices could exceed $4500 per ounce in Q1 next year [9] - Galaxy Securities highlighted investment opportunities in the machinery sector related to AI, recommending focus on AI infrastructure and AI-enabled applications [9]