创业板指低开高走，光模块CPO概念再度活跃，机构称重点关注科技股内部的切换

Market Overview - A-shares opened lower on October 28, with the Shanghai Composite Index down 0.25%, Shenzhen Component Index down 0.58%, and ChiNext Index down 0.9% [1] - After opening, ChiNext Index turned positive, rising over 0.5%, while banking and beauty care sectors led the decline, and communication and defense industries saw slight increases [1] Sector Performance - Active sectors included fiberglass, fluorochemicals, lithium battery electrolytes, and optical module CPO [1] - Mainstream ETFs such as Cloud Computing 50 ETF (516630) rose over 1%, with leading stocks including Tax Friend Co., Kingsoft Office, and others [1] Economic Indicators - Zhongtai Securities noted that favorable factors for A-shares are increasing due to the easing of the US-China trade friction [2] - Upcoming high-level interactions between China and the US are expected to boost market confidence [2] - The expectation of further interest rate cuts by the Federal Reserve has increased, following lower-than-expected US CPI data for September [1][2] - Japan's new Prime Minister, Fumio Kishida, is expected to continue expansionary fiscal and monetary policies, positively impacting global equity market sentiment [1] Investment Focus - The focus remains on technology stocks, particularly in AI and related sectors, as well as "anti-involution" related tracks such as polysilicon and photovoltaic components [2] - Relevant ETFs include the Hang Seng Technology Index ETF (513180) for Hong Kong tech direction and Cloud Computing 50 ETF (516630) for A-share tech direction [3]