宝城期货股指期货早报（2025年10月13日）：品种观点参考：金融期货股指板块-20251013

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The short - term view of the stock index is wide - range oscillation, the medium - term view is upward, and the intraday view is weakly oscillating. The subsequent trend of the stock index depends on the game between the fermentation rhythm of policy - benefit expectations and the profit - taking rhythm of profitable funds. [1][5] 3. Summary According to Related Contents 3.1 Variety View Reference - Financial Futures Stock Index Sector | Variety | Short - term | Medium - term | Intraday | View Reference | Core Logic Summary | | --- | --- | --- | --- | --- | --- | | IH2512 | Oscillation | Rise | Weakly oscillating | Wide - range oscillation | The willingness of short - term funds to take profits vs. the fermentation of medium - and long - term policy - benefit expectations [1] | 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Market Performance: Last Friday, each stock index oscillated and declined. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2534.1 billion yuan, a decrease of 137.7 billion yuan compared with the previous day. [5] - Core Logic: In the short term, due to the significant increase in stock valuation, the willingness of profitable funds to take profits has risen, and the marginal driving force of policy benefits will weaken. Coupled with Trump's threat to raise tariffs, the short - term stock market is under pressure, and there is a risk of a lower opening of the stock index on Monday. In the long term, policy - benefit expectations and the continuous inflow of funds still strongly support the stock index. The subsequent trend of the stock index focuses on the game between the fermentation of policy - benefit expectations and the profit - taking of profitable funds. [5]