猪周期拐点将至？全市场首只农牧渔ETF（159275）最高上探1.5%！标普红利ETF逆市劲涨1.2%

Market Overview - The A-share market experienced a collective pullback on October 10, following a strong opening on October 9, with the ChiNext and STAR Market showing larger declines [1] - High-dividend stocks, such as the S&P Dividend ETF (562060), rose by 1.2%, while sectors like batteries, semiconductors, and non-ferrous metals faced significant declines [1][2] - The agricultural sector showed resilience, with the first agricultural ETF (159275) reaching a peak increase of 1.5% before closing up 0.8% [1][5] Sector Performance - The technology sector faced a broad sell-off, particularly in AI-related stocks, with the Sci-Tech AI ETF (589520) dropping 4.75% [1][2] - Coal stocks strengthened due to seasonal demand for heating, with expectations of price increases if supply constraints are enforced [3] - The agricultural sector is seeing a potential turning point in the pig cycle, supported by recent policy signals aimed at reducing production capacity [7][10] Investment Insights - Analysts suggest focusing on AI infrastructure and applications as key investment opportunities, particularly in machinery and semiconductor equipment [4] - The agricultural sector is viewed as a favorable investment due to low valuations and supportive policy changes, with the agricultural ETF (159275) showing strong net subscriptions [8][11] - The internet sector in Hong Kong is experiencing volatility, with major stocks like Alibaba and Tencent facing declines, but long-term growth prospects remain positive [12][15] Fund Flows and ETF Performance - The internet ETF (513770) in Hong Kong saw a decline of 3.41%, but still attracted buying interest during dips, indicating investor confidence [12][15] - The non-ferrous metals ETF (159876) experienced a drop of 3.33% but received significant net subscriptions, highlighting ongoing investor interest in the sector [22][26] - Overall, the market is characterized by a high-low rotation, with strong performance in certain sectors like coal and agriculture amidst broader market corrections [3][5]