诺安基金股市点评：市场情绪渐暖，建议积极关注

Market Overview - The market has shown steady growth this week, with the Shanghai Composite Index at 3963.68 points, up 1.88%, the Shenzhen Component Index at 13603.89 points, up 3.53%, and the ChiNext Index at 3243.88 points, up 3.90% [3] Sector Performance - Metals Sector (+6.43%): Gold and silver prices have reached historical highs, driving significant gains in the metals sector. COMEX gold futures surpassed $4510, with an increase of over 1%. COMEX silver futures rose over 4%, peaking at $71.79 per ounce, marking the first time silver has crossed the $70 per ounce threshold. Platinum and palladium futures surged by 10% and 7%, respectively. Year-to-date, gold prices have increased by over 71%, potentially achieving the best annual performance since 1979, while silver prices have risen approximately 147% [4] - Defense and Aerospace Sector (+6.00%): The commercial aerospace sector in China is reducing launch costs through reusable rockets, large-scale satellite manufacturing, and increased launch frequency. This is expected to lead to a rapid decline in launch costs, transitioning commercial aerospace from technology validation to market expansion. Additionally, space computing is emerging as a promising application area due to its low energy consumption and efficient data transmission capabilities [4] - Power Equipment Sector (+5.37%): There is a trend of price increases across the supply chain, with end-users beginning to accept higher-priced components. The photovoltaic industry is experiencing a "de-involution," with two specific routes: "promoting the orderly exit of backward production capacity" and "new high-quality capacity being steadily introduced." The lithium hexafluorophosphate price remains high, with long-term pricing shifting to monthly negotiations, indicating tight supply and demand conditions [5] Macro and Regulatory Developments - The internet platform pricing is facing strong regulation, with three departments issuing the "Internet Platform Pricing Behavior Rules," effective from April 10, 2026. The People's Bank of China has announced a one-time credit repair policy [5] - Overseas Economic Data: The U.S. GDP for Q3 showed a significant annualized quarter-on-quarter growth of 4.3%, exceeding market expectations of 3.3%. The offshore RMB has strengthened, surpassing the 7.0 mark against the USD, with the onshore RMB also nearing this threshold [5] Focus Areas - Key sectors to monitor include AI and technology, domestic demand-related sectors, and "de-involution" related sectors [6] - Ongoing tracking of real estate, fiscal, consumption data, price index data, overseas economic data, and changes in U.S.-China tariff policies is recommended [6]