收评：创业板指跌1.79% 贵金属板块逆市大涨

Market Overview - The A-share market saw all three major indices close lower, with the ChiNext index leading the decline, dropping nearly 2% [1] - The Shanghai Composite Index closed at 4113.65 points, down 0.01%, with a trading volume of 12.215 billion yuan; the Shenzhen Component Index closed at 14155.63 points, down 0.97%, with a trading volume of 15.563 billion yuan; the ChiNext Index closed at 3277.98 points, down 1.79%, with a trading volume of 7.093 billion yuan [1] Sector Performance - In terms of sector performance, there were more declines than gains, with the precious metals, chemical raw materials, cement building materials, and chemical fiber industries showing the largest gains, while sectors such as communication equipment, photovoltaic equipment, aerospace, power equipment, batteries, computer equipment, and electronic components experienced the largest declines [1] Hot Stocks - The chemical sector saw a surge, with over ten constituent stocks hitting the daily limit, including Hongbaoli, Shandong Heda, Weiyuan Co., and Hongqiang Co. [2] - The precious metals concept continued its strong performance, with Hunan Silver hitting the daily limit [2] - The real estate sector was active, with Dayue City and Urban Investment Holdings also hitting the daily limit [2] - In the AI application sector, stocks like Jiayun Technology, Yue Media, and Zhejiang Wenhe Internet also reached the daily limit [2] - Overall, more than 2100 stocks in the market rose, with over 60 stocks hitting the daily limit [2] Institutional Insights - According to Jifeng Investment Advisors, the market's short-term fluctuations are primarily due to capital switching, but the core logic for a positive market outlook remains unchanged, supported by resilient economic fundamentals and policy easing from the central bank [3] - CITIC Securities highlighted that the AI application sector has become a main line for 2026, with a year-to-date increase of 19%, leading the A-share market [4] - The semiconductor, consumer electronics, AI, robotics, and commercial aerospace sectors are recommended for mid-to-long-term investment opportunities [3] Policy Updates - Four departments announced a policy to provide a 1.5% interest subsidy on fixed asset loans for equipment updates, with a support period not exceeding two years, expanding the scope to include various sectors such as industrial, energy, transportation, and AI [5] - The Ministry of Finance and three other departments extended the personal consumption loan interest subsidy policy until the end of 2026, adjusting the terms to include credit card installment payments and removing previous limits on subsidy amounts [6]