四点半观市 | 机构：三季度国际投资者增持中国股票

Market Performance - Both Japanese and South Korean stock markets closed down over 1% on November 7, with the Nikkei 225 index falling by 1.19% to 50276.37 points, marking a cumulative decline of 4.07% for the week [1] - The South Korean Composite Index dropped by 1.81% to 3953.76 points, ending a five-week upward trend with a cumulative decline of 3.74% for the week [1] Bond Market - Major government bond futures contracts closed lower on November 7, with the 30-year bond futures (TL2512) closing at 115.950 yuan, down 0.180 yuan or 0.16% [1] - The 10-year bond futures (T2512) closed at 108.445 yuan, down 0.100 yuan or 0.09% [1] - The 5-year bond futures (TF2512) closed at 105.910 yuan, down 0.050 yuan or 0.05% [1] - The 2-year bond futures (TS2512) closed at 102.470 yuan, down 0.024 yuan or 0.02% [1] ETF Market - The ETF market showed mixed performance on November 7, with chemical ETFs, including Chemical ETF, Chemical 50 ETF, and Chemical Leader ETF, all rising over 3% [1] - New materials ETFs, including New Materials ETF Fund, New Materials ETF Index Fund, and New Materials 50 ETF, also saw gains of over 2% [1] Investment Trends - UBS's China equity strategy report indicates that international investors have further increased their holdings in Chinese stocks in Q3 [2] - Huajin Securities reports that by Q3 2025, the holdings of the Stock Connect program are expected to continue rising, with a significant drop in the proportion of main board holdings and a substantial increase in growth sector holdings [2] - Huatai Securities' investment summit highlighted that the revaluation of Chinese assets is likely to deepen, with investors focusing on cyclical sectors closely related to economic fundamentals, particularly high-quality leading companies in the "old economy" sectors like energy and consumption [2]