Venture(US:VEMLY) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-05 01:20Group 1 - The ChiNext Index experienced a decline of 1.96% on November 4, with the Tianhong ChiNext ETF (159977) dropping by 2.05% and achieving a trading volume of 226 million yuan, indicating active trading [1] - Notable stocks within the index included BlueFocus, which rose over 3%, along with other companies like Zhifei Biological Products, Sanhua Group, Watson Bio, and Weining Health showing positive performance [1] - The Tianhong ChiNext ETF has seen a net subscription of 10 million units on November 4, following previous net subscriptions of 24 million units on October 31 and 12 million units on November 3, marking three consecutive days of significant net inflows [1] Group 2 - Recent comments from Federal Reserve officials suggest a potential interest rate cut of 50 basis points if future economic data aligns with expectations, indicating a supportive stance towards further rate reductions [2] - Guotai Junan Securities forecasts a recovery in overall performance growth by Q3 2025, with technology growth remaining dominant, while trends such as overseas expansion and "anti-involution" are accelerating the spread of economic recovery [2] - CITIC Securities notes that the growth sector has seen a decline of over 10%, and with nearly half of the market experiencing reduced trading volumes, the short-term market appears more stable, with limited adjustment space and an expected continuation of the upward trend [2]