智通财经网·2025-10-30 00:41Market Overview - The market experienced a significant rally with major indices opening high and closing positively, with the ChiNext Index rising nearly 3% to reach a new high for the year, and the Shanghai Composite Index surpassing 4000 points again [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.26 trillion yuan, an increase of 108.2 billion yuan compared to the previous trading day [1] - Sector performance varied, with Hainan, photovoltaic, and non-ferrous metals leading the gains, while banking and film exhibition sectors faced declines [1] Monetary Policy Insights - China International Capital Corporation (CICC) suggests that the Federal Reserve's rate cut pace may slow down, advising against overly optimistic expectations [2] - CICC anticipates a 25 basis point rate cut in the October meeting, but notes that Fed Chair Powell's comments indicate a hawkish stance, suggesting that the support for pausing rate cuts is gaining traction within the Fed [2] - The current round of rate cuts may have a weaker stimulating effect compared to previous cycles due to a noticeable reduction in refinancing effects [2] Infrastructure Investment - Huatai Securities highlights that the U.S. is set to invest $800 billion in nuclear power, leading the charge in AI infrastructure development [3] - The $550 billion investment framework between Japan and the U.S. supports power infrastructure, with a focus on base-load power sources, grid equipment, and energy storage [3] - The report predicts a delay in the retirement of coal power plants in the short term, an increase in large gas turbine construction in the medium term, and a long-term focus on nuclear power [3] Material Sector Developments - Guojin Securities expresses optimism about AI-driven new materials, noting that recent industry events have shown positive expectations for growth [4] - The M9 material upgrade could lead to advancements in material solutions, such as the potential shift towards HVLP4 copper foil and enhanced PCB processing capabilities [4] - Market attention is expected to focus on the confirmation of material solutions, usage rates, and price dynamics due to supply constraints [4]