Zheng Quan Shi Bao·2025-10-28 08:37Market Overview - The A-share market experienced a pullback after reaching a high, with the Shanghai Composite Index losing the 4000-point mark and the CSI 300 falling below 4700. The STAR 50 index was also unable to hold above 1500 points, while the Shenzhen Component and ChiNext indices saw slight adjustments. Market turnover decreased to 2.17 trillion yuan [1] Sector Performance - The defense and military industry, forestry, glass and fiberglass, and the Fujian-Xiamen region sectors saw significant gains, while precious metals, wind power equipment, engineering consulting services, and engineering machinery sectors faced notable declines [1] - The defense and military sector attracted over 8.4 billion yuan in net inflows, with electronics, computers, and power equipment also receiving substantial investments. In contrast, non-ferrous metals, construction decoration, and public utilities experienced net outflows exceeding 1 billion yuan [1] Investment Trends - CICC suggests that the market may continue its upward trend, with technology remaining a key focus. Attention is recommended on global AI themes and key industry plans such as quantum technology, biomanufacturing, hydrogen energy, nuclear fusion, brain-computer interfaces, embodied intelligence, and 6G mobile communication [1] - The defense and military stocks surged in the afternoon, with the ground equipment sector leading the gains. The sector index saw a rapid increase, with some stocks like Changcheng Military Industry hitting the daily limit [1][2] AI Sector Insights - The AI sector showed strong performance, with the index recording its seventh consecutive day of gains. Stocks like Lupu Information and Jinfeng Technology saw significant increases, with multiple stocks hitting the daily limit [2][5] - In Hefei, the AI industry generated nearly 50 billion yuan in revenue in the first half of the year, marking a 24% year-on-year growth, with over 40,000 professionals employed in the sector [5] Precious Metals Market - Precious metals stocks experienced a sharp decline, with the sector index dropping over 3%. Major companies like Shengda Resources and Chifeng Gold saw significant losses [5] - Shanghai gold futures saw a notable drop, with a decline exceeding 4%, marking the second-largest single-day drop of the year, while silver futures also fell significantly [6]