Zheng Quan Shi Bao·2025-10-13 09:30Group 1 - A-shares opened significantly lower due to external market shocks, but technology stocks showed resilience, with the STAR 50 index quickly turning positive within two minutes [1] - The market saw a slight contraction in trading volume to 2.37 trillion yuan, with sectors like defense, non-ferrous metals, photolithography machines, and wind power equipment leading in gains, while consumer electronics, medical services, and beverages faced declines [1] - Non-ferrous metals industry attracted over 17.5 billion yuan in net inflow from major funds, while sectors like automobiles and non-bank financials experienced net outflows exceeding 2 billion yuan [1] Group 2 - Compared to the significant pullback in early April, the current A-share index shows greater resilience, with a more optimistic outlook for the market [2] - The primary focus for the fourth quarter is the transition from liquidity-driven growth to fundamental-driven growth, which is expected to unfold over the next year [2] - The non-ferrous metals sector saw a strong rally, with the rare earth permanent magnet sector leading, and several stocks hitting their daily limit up [2]