TSMC(US:TSM) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-04 00:45Market Overview - On November 3, the A-share market rebounded with all three major indices closing in the green. The Shanghai Composite Index rose by 0.55% to 3976.52 points, the Shenzhen Component Index increased by 0.19% to 13404.06 points, and the ChiNext Index gained 0.29% to 3196.87 points. The total trading volume in the Shanghai and Shenzhen markets was 2.11 trillion yuan, a decrease of 210.7 billion yuan from the previous trading day [2][3]. Sector Performance - The market saw rapid rotation of hotspots, with over 3500 stocks rising. Notable sectors included: - Active performance in photovoltaic concept stocks and thorium-based molten salt stocks. - AI application sectors showed repeated activity. - The coal sector strengthened again, and the Hainan Free Trade Zone sector continued its strong performance. - Storage chip concept stocks showed signs of recovery. - Conversely, battery concept stocks performed poorly, with declines observed in sectors such as batteries, non-ferrous metals, and rare earth permanent magnets [2]. International Market - In the overnight U.S. market on November 3, the three major indices showed mixed results: - The Dow Jones Industrial Average fell by 226.19 points (0.48%) to 47336.68 points. - The S&P 500 rose by 11.77 points (0.17%) to 6851.97 points. - The Nasdaq Composite increased by 109.77 points (0.46%) to 23834.72 points. - In Europe, the major indices also had mixed results, with the UK FTSE 100 down by 0.16%, the French CAC40 down by 0.14%, and the German DAX up by 0.73% [4][5]. Commodity Prices - International oil prices saw slight increases on November 3: - The price of light crude oil for December delivery rose by $0.07 to $61.05 per barrel (0.11% increase). - The January delivery price of Brent crude oil increased by $0.12 to $64.89 per barrel (0.19% increase) [4][5]. Semiconductor Industry - TSMC announced that it would raise prices for advanced process nodes (2nm, 3nm, 4nm, and 5nm) starting in 2026, with expected increases of single-digit percentages for 3nm pricing and potential long-term increases reaching double digits. This price adjustment is driven by the high demand for AI and computing chips, with major clients like Nvidia, AMD, Qualcomm, MediaTek, and Apple relying on TSMC's cutting-edge technology [6]. Memory Chip Market - On November 3, prices for memory chips increased, with DDR5 16G, DDR4 16Gb, and DDR3 4Gb rising by 0.48%, 2.41%, and 0.3%, respectively. The global storage chip market is expected to continue rising, with major manufacturers like Samsung and SK Hynix announcing significant price increases for DRAM and NAND flash contracts due to surging demand driven by AI applications [6]. Gold Market - On November 3, the gold price in Shenzhen's Shui Bei market surged unexpectedly, with prices rising from approximately 932 yuan to around 988 yuan per gram. The increase is linked to new tax policies set to take effect in 2025, although the exact reasons for the sudden price jump remain unclear [7]. Policy Developments - The Chinese government has decided to extend visa exemptions for citizens of France and other countries until the end of 2026, facilitating easier travel for business and tourism [9][10]. - A new implementation plan for the high-quality development of water-saving equipment was jointly released by the Ministry of Industry and Information Technology and the Ministry of Water Resources, aiming to enhance the competitiveness of the water-saving equipment industry by 2030 [12].