科技股杀跌！“老登”股要崛起？明天一个板块的走势非常关键

Market Overview - The A-share market experienced a collective pullback, with the Shanghai Composite Index down by 0.62%, Shenzhen Component down by 2.54%, and the ChiNext Index down by 3.99%. The Sci-Tech 50 Index saw the largest decline at 4.26% [1] - The trading volume in the Shanghai and Shenzhen markets reached 25,762 billion, an increase of 2,215 billion compared to the previous day. A total of 1,734 stocks rose while 3,554 stocks fell, with a median decline of 0.91% [1] - The volatility of the Shanghai Composite Index was 1.73%, while the ChiNext Index and Sci-Tech 50 Index both exceeded 5.8% [1] Technical Analysis - The Shanghai Composite Index is expected to find support around 3,845 points, which is a significant retracement level and coincides with the midpoint of the previous day's bullish candle [1] - The ChiNext Index has reached the upper boundary of its fluctuation range from early September, while the Sci-Tech 50 Index has dropped to a critical support level from mid-September [1] - Both the ChiNext Index and Sci-Tech 50 Index have engulfed the previous day's candlestick, indicating a bearish outlook and suggesting a potential for further consolidation or pullback [1] Sector Performance - The financial sector, particularly bank and insurance stocks, showed strength, with a focus on whether brokerage stocks can rally in the near term [2] - If brokerage stocks perform well, it could alleviate market concerns; otherwise, expectations for the market may need to be adjusted from upward movement to a range-bound scenario [2] - Recent market dynamics suggest a potential shift in focus towards "old economy" stocks, such as coal, liquor, oil, and electricity, which have shown strength amid the decline in technology stocks [4][5] Technology Sector Insights - The technology sector, particularly AI-related stocks, has faced significant selling pressure, with key stocks like New Yisheng and Zhongji Xuchuang dropping over 8% and breaking below previous support levels [3][4] - The performance of core AI hardware stocks is critical, as continued weakness could have a substantial impact on the overall AI hardware sector [4] - The upcoming quarterly reports for AI core stocks will be closely monitored for performance indicators [4] Economic Indicators - The People's Bank of China plans to conduct a 6,000 billion yuan reverse repurchase operation on October 15, with a six-month term [8] - The Shanghai Municipal Economic and Information Commission has released a development plan for the smart terminal industry, aiming for a total scale exceeding 3,000 billion yuan by 2027 [8] - Market participants are awaiting signals regarding future interest rate cuts from Federal Reserve Chairman Jerome Powell's upcoming speech [8]