Guoxin Securities Co., Ltd·2025-10-13 03:28Domestic Market Overview - The domestic market experienced weak consolidation and fluctuated downwards, with the Shanghai Composite Index closing at 3897.03 points, down 0.94%, and the Shenzhen Component Index at 13355.42 points, down 2.7% [1][4][9] - The total trading volume of the A-share market was 25,341 billion, showing a slight decrease compared to the previous day [1][4][9] - Among the 30 first-level industries, 16 saw an increase, with construction materials, textiles, and coal leading the gains, while electronics, power equipment, new energy, and computers experienced significant declines [1][4][9] Overseas Market Overview - The three major U.S. stock indices all closed lower, with the Dow Jones down 1.9%, the S&P 500 down 2.71%, and the Nasdaq down 3.56% [2][4] - Notable declines included Amazon and Nvidia, both dropping nearly 5%, leading the Dow's decline [2][4] - Chinese concept stocks also fell sharply, with Daqo New Energy down over 14% and Global Data down more than 13% [2][4] News Highlights - The Ministry of Commerce responded to recent Chinese economic and trade policy measures, clarifying that China's rare earth export controls are not a ban and that applications meeting regulations will be permitted [3][10][12] - A national industrial and information technology innovation work seminar was held in Chongqing, emphasizing the need for a modernized industrial technology innovation system [3][13] - The State Administration for Market Regulation announced an investigation into Qualcomm as part of routine law enforcement [3][14] Market Drivers - The Ministry of Commerce's response to U.S. tariffs indicated that China is prepared to take necessary measures to protect its interests if the U.S. continues its aggressive tariff policies [10][12] - The A-share market saw 2,774 stocks rise and 2,536 fall, with 176 stocks rising over 5% and 392 falling over 5%, indicating significant market volatility [10]