Venture(US:VEMLY) Xin Lang Ji Jin·2025-11-04 08:13Market Overview - The three major indices in the A-share market experienced a decline, with the Shanghai Composite Index closing at 3960.19 points, down 0.41% [4] - The Shenzhen Component Index fell by 1.71% to 13175.22 points, while the ChiNext Index decreased by 1.96% to 3134.09 points [4] - The market saw a total of 1612 stocks rise and 3461 stocks fall, indicating a bearish sentiment [4] Trading Volume and Margin Financing - The market turnover was recorded at 19,387.06 billion yuan, showing a decrease from the previous trading day [5] - The margin financing balance increased to 24,947.63 billion yuan, up by over 8.3 billion yuan from the previous day [5] Economic Indicators and Policy Outlook - The recent PMI data showed a significant seasonal decline, indicating continued pressure on the short-term economic fundamentals [1] - The market is expected to focus on the fundamentals as it enters a relatively policy and expectation vacuum phase in November [1] - The People's Bank of China and the Bank of Korea renewed a bilateral currency swap agreement, maintaining a scale of 400 billion yuan, which is expected to enhance trade and investment cooperation [2][3]