Market Overview - The market experienced a decline, with the Shenzhen Composite Index and ChiNext Index both dropping over 3%. Local stocks in Fujian showed resilience, with Pingtan Development hitting the daily limit. The Hainan Free Trade Port concept gained traction, with Haixia Co. also reaching the limit. Gold stocks continued to perform strongly, while several heavyweight stocks weakened, including a 10% drop in Sungrow Power Supply and a limit down for ZTE Corporation. Overall, nearly 4,800 stocks in the Shanghai and Shenzhen markets were in the red, with a total trading volume of 1.95 trillion yuan [1]. Hot Topics Fujian Free Trade Zone - The Fujian Free Trade Zone sector saw gains, with Haitong Development achieving two consecutive limit-ups, and Pingtan Development and Haixia Innovation also hitting the limit [3][4]. Hainan Free Trade Port - The Hainan Free Trade Port remained active, with Haixia Co. achieving two consecutive limit-ups and Hainan Airport rising by 6%. A new announcement from the Ministry of Finance, General Administration of Customs, and State Taxation Administration regarding the adjustment of duty-free shopping policies for travelers in Hainan will take effect on November 1. The official closure of the Hainan Free Trade Port is set for December 18, 2025, with less than 100 days remaining until its operation begins [5][6]. Gold Sector - The gold sector showed renewed strength, with silver and non-ferrous metals stocks also hitting the limit. The current gold price reached 4,330 USD per ounce, and historical data suggests that gold stocks often exhibit significant elasticity following an upward trend in gold prices [8][9].
10月17日主题复盘 | 福建、海南自贸区逆市上涨,黄金再度活跃