开盘：三大指数小幅低开 中船系板块跌幅居前

Market Overview - The three major indices opened slightly lower, with the Shanghai Composite Index at 3867.43 points, down 0.07%, the Shenzhen Component Index at 12769.93 points, down 0.06%, and the ChiNext Index at 2976.70 points, down 0.14% [1] Key Developments - A recent phone call between the Chinese and U.S. presidents was described as positive and constructive, highlighting the importance of stable development in Sino-U.S. relations [2] - The Minister of Science and Technology emphasized the need for high-quality technological supply to lead the construction of a modern industrial system, with plans for significant national technology tasks [2] - Alibaba's earnings call indicated a commitment to invest in artificial intelligence capabilities, potentially exceeding the previously pledged investment of 380 billion RMB over three years [2] - The National Space Administration of China released a plan to promote high-quality and safe development in commercial space, including the establishment of a national commercial space development fund [2] Industry Insights - Singapore's National AI Strategy is shifting towards Alibaba's open-source model for its Southeast Asian language model project, indicating a significant expansion of Chinese open-source AI models globally [3] - The price of black tungsten concentrate has surged by 132% this year, with strong demand in emerging sectors like photovoltaic tungsten wire and military applications supporting a positive long-term price outlook [3] - NIO reported a revenue of 21.79 billion RMB for Q3 2025, reflecting a year-on-year growth of 16.7% [3] - Alibaba's revenue for Q2 of the 2026 fiscal year was 247.8 billion RMB, a 4.8% increase year-on-year, although adjusted earnings per ADS fell short of expectations [3] Corporate Actions - Several companies announced significant corporate actions, including *ST Suwu facing mandatory delisting, *ST Dongtong's fraudulent reporting issues, and Junting Hotel's control change plans [4] - Spring Autumn Electronics proposed a buyout of Asetek A/S for up to 573 million Danish Krone, while other companies like Demingli and Huayou Cobalt announced fundraising and supply agreements to expand their operations [4]