Apple(US:AAPL) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-21 00:42Market Performance - On October 20, the A-share market experienced a pullback after an initial rise, with the ChiNext Index rising over 3% at one point. The Shanghai Composite Index closed up 0.63%, the Shenzhen Component Index up 0.98%, and the ChiNext Index up 1.98% [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 1.74 trillion yuan, a decrease of 200.5 billion yuan compared to the previous trading day, marking the lowest trading volume since August 8 [1] Sector Performance - Key sectors that performed well included computing hardware, superhard materials, coal, and gas stocks, while non-ferrous metals and gold concepts saw significant declines [1] - The diamond cultivation, coal, and gas sectors had the highest gains, while non-ferrous metals experienced the largest losses [1] International Market Overview - The three major U.S. stock indices rose on October 20, with the Dow Jones Industrial Average increasing by 515.97 points (1.12%), the S&P 500 up 71.12 points (1.07%), and the Nasdaq Composite up 310.57 points (1.37%) [2][4] - European stock indices also saw gains, with the FTSE 100 up 49.00 points (0.52%), the CAC 40 up 31.87 points (0.39%), and the DAX up 427.81 points (1.80%) [3][4] Commodity Prices - International oil prices fell on October 20, with WTI crude oil down 2 cents to $57.52 per barrel (a decrease of 0.03%) and Brent crude down 28 cents to $61.01 per barrel (a decrease of 0.46%) [3][4] - Gold futures on COMEX rose by 3.82% to $4,374.30 per ounce, with spot gold increasing by 2.48% to $4,357.36 per ounce, reaching historical highs during the session [6] Key Company Updates - CATL reported a net profit of 18.5 billion yuan for the third quarter, representing a year-on-year increase of 41% [8] - Apple’s stock reached an all-time high, with a market capitalization of $3.89 trillion, driven by strong demand for the iPhone 17 series, which saw a 14% increase in sales compared to the iPhone 16 series [6] Market Sentiment and Trends - The market is experiencing a shift towards defensive sectors, with a focus on semiconductor equipment, AI, batteries, and precious metals, while maintaining positions in gold and large financials to hedge against uncertainties in U.S.-China relations [8]