智通财经网·2025-11-04 04:10Market Overview - The market rebounded yesterday with all three major indices closing in the green. The Shanghai and Shenzhen stock exchanges had a total trading volume of 2.11 trillion, a decrease of 210.7 billion compared to the previous trading day. The Shanghai Composite Index rose by 0.55%, the Shenzhen Component Index increased by 0.19%, and the ChiNext Index gained 0.29% [1]. Industry Insights Humanoid Robot Industry - CITIC Securities expressed strong confidence in the humanoid robot industry, highlighting that it is on the verge of a trend realization. Key developments such as Tesla's Gen3 model and the potential mass production of Optimus are expected to support market expectations. The industry is anticipated to enter a phase of distinguishing genuine advancements from less credible claims, with a focus on core companies in the T-chain and domestic supply chains [2]. Securities Industry - Huatai Securities noted that the capital market is undergoing significant changes, with a low interest rate environment enhancing the attractiveness of equity assets. This suggests a positive development cycle for the market. The performance of securities firms is closely tied to the capital market, and there is optimism regarding their growth potential and value recovery in the new cycle. The report recommends focusing on Hong Kong stocks with better valuations and smaller circulation, as well as A-share leaders with valuation advantages [3]. Gold Market - Huaxi Securities indicated a positive outlook for future gold prices, driven by ongoing U.S. government shutdowns and a gradual clarification of interest rate cut expectations. The acceleration of de-dollarization trends and global geopolitical conflicts are leading to increased gold purchases by central banks and investors. The report emphasizes that gold resource stocks are expected to benefit from rising gold prices, with current valuations being relatively low, thus presenting an opportunity for investment in gold stocks [4].