创业板指跌逾1%，锂电池产业链全线回调，AI应用题材持续活跃

Market Overview - The A-share market experienced a decline, with over 4,100 stocks falling, and the lithium battery industry chain leading the downturn [1] - The Shanghai Composite Index closed down 0.81% at 3,939.81 points, while the Shenzhen Component and ChiNext Index fell by 0.92% and 1.16%, respectively [1] - Total trading volume for the day was 1.95 trillion yuan, slightly up from 1.93 trillion yuan the previous day [1] Lithium Battery Sector - The lithium battery industry chain saw significant declines, with companies like Huasheng Lithium, Zhongyi Technology, Tianli Lithium Energy, and Yishitong dropping over 10% [1] - Coal stocks continued to weaken, with Antai Group and Yunmei Energy hitting the daily limit down [1] - Chemical stocks also fell, with companies like Fulim Precision and Qingshuiyuan dropping over 10% [1] AI Applications and E-commerce - AI application stocks remained strong, with companies like Rongji Software and Fushi Holdings hitting the daily limit up [2] - The e-commerce sector, particularly Pinduoduo and Xiaohongshu concepts, showed robust performance, with stocks like Xuanya International and Guangyun Technology also reaching the daily limit up [2] - The National Medical Products Administration encouraged the launch of new cosmetic products in China, which is expected to boost the beauty and personal care industry [2] Future Market Outlook - Zhongyin Securities predicts that the market may continue to oscillate around the 4,000-point mark in the short term, with limited directional breakthroughs [3] - The volatility of risk assets may increase as investment pressures become more apparent in the fourth quarter [3] - The focus is on sectors with significant supply-demand imbalances, particularly in AI storage and power sectors, including storage chips and gas turbines [3] Investment Themes - Huaxi Securities emphasizes that the A-share market is currently characterized by stock selection and thematic investments, particularly in areas related to the 14th Five-Year Plan, such as energy storage and new materials [4] - The market environment is favorable for small and medium-sized stocks and thematic investments, especially those benefiting from the "anti-involution" trend [4]