午评：北证50指数逆市涨超3%，医药板块拉升，AI应用概念活跃

Market Overview - The three major stock indices experienced fluctuations, with the ChiNext Index dropping over 1% while the North Stock 50 Index rose significantly by over 3% [1] - As of the midday close, the Shanghai Composite Index fell by 0.63% to 3961.62 points, the Shenzhen Component Index decreased by 0.62%, the ChiNext Index declined by 1.49%, and the Sci-Tech 50 Index dropped by 2.51% [1] - The total trading volume across the Shanghai, Shenzhen, and North exchanges reached 1.5794 trillion yuan [1] Sector Performance - Sectors such as insurance, semiconductors, coal, and electricity saw declines, while the media sector surged [1] - The pharmaceutical, automotive, textile and apparel, and liquor sectors showed upward movement, with active interest in short drama games, innovative drugs, and AI application concepts [1] Policy and Economic Outlook - Dongguan Securities noted that recent positive policy signals from the Fourth Plenary Session and the 2025 Financial Street Forum Annual Meeting, along with a temporary easing of trade tensions, have helped maintain a high level of market risk appetite [1] - In the short term, the anticipated interest rate cut by the Federal Reserve in October is expected to attract some international funds to emerging markets, enhancing the appeal of emerging assets, including those in China [1] - From a mid-term perspective, continuous policy support for capital market ecosystem optimization, clearer economic construction goals, coordinated macro policies, and the gradual emergence of global capital reallocation demands are providing robust upward momentum for the market [1] - The overall environment for equity asset allocation is becoming increasingly favorable due to multiple factors converging [1]