A股市场高位调整 机构：新一轮上行动能正在蓄势

Group 1 - A-share market is experiencing a new upward momentum after a period of consolidation, with expectations for a "red October" driven by easing trading congestion and upcoming significant meetings [1][4] - As of October 10, major A-share indices showed declines, with the Shanghai Composite Index down 0.94% to 3897.03 points, and the Shenzhen Component Index down 2.70% to 13355.42 points, indicating profit-taking in previous hot sectors like AI and solid-state batteries [1][4] - Despite the overall market decline, the number of rising stocks (2774) exceeded the number of falling stocks (2536), suggesting continued high levels of market activity [4] Group 2 - Resource sector stocks showed mixed performance, with precious metals experiencing significant declines, while copper stocks remained active, driven by high demand from AI and energy sectors [2] - The London Metal Exchange (LME) copper futures reached a new high of $11,000 per ton, approaching historical highs, indicating strong demand driven by infrastructure needs and electric vehicles [2] - Coal prices have rebounded to 700 yuan per ton due to supply constraints, with expectations for prices to exceed 900 yuan per ton by year-end as demand shifts from electricity to non-electric uses [2] Group 3 - The upcoming third-quarter earnings reports are expected to shift market focus towards sectors with improving profitability, particularly in AI, advanced manufacturing, and financials [4] - The current liquidity environment remains favorable, with low interest rates continuing to drive investment into high-growth sectors like AI and semiconductors [5]