A股指数集体低开：沪指跌0.21%，商业航天、培育钻石等板块跌幅居前

Market Overview - The three major indices in China opened lower, with the Shanghai Composite Index down 0.21%, the Shenzhen Component down 0.20%, and the ChiNext Index down 0.26% [1] - The commercial aerospace and cultivated diamond sectors experienced significant declines [1] Index Performance - Shanghai Composite Index: 3901.13, down 0.21%, with 638 gainers and 1247 losers [2] - Shenzhen Component Index: 13251.27, down 0.20%, with 767 gainers and 1697 losers [2] - ChiNext Index: 3201.38, down 0.26%, with 361 gainers and 857 losers [2] External Market - U.S. stock indices showed mixed results, with the Dow Jones down 179.03 points (0.38%) and the Nasdaq up 30.58 points (0.13%) [3] - The Nasdaq Golden Dragon China Index fell by 1.37%, with major Chinese concept stocks like Baidu and Xpeng experiencing declines of over 3% [3] Institutional Insights - Galaxy Securities suggests that the current valuation of the securities sector is at a historical low, recommending focus on strong leading brokerages due to supportive government policies aimed at stabilizing growth and the capital market [4] - CITIC Securities highlights the expansion of lithium battery applications into new areas such as maritime and aerial vehicles, predicting a strong demand for lithium battery equipment in the coming year [5] - Open Source Securities emphasizes the continuation of a dual-driven strategy combining technology and cyclical sectors, benefiting from global tech cycles and improving PPI conditions [6] - Tianfeng Securities forecasts a V-shaped recovery in coal prices by 2025, driven by production constraints and increased purchasing from downstream sectors [7][8] - CICC reports that global tungsten supply will remain tight over the next 3-5 years due to domestic supply issues and slow overseas production increases [9]