浙商早知道-20251021

Market Overview - On October 20, the Shanghai Composite Index rose by 0.63%, the CSI 300 increased by 0.53%, the STAR Market 50 went up by 0.35%, the CSI 1000 climbed by 0.75%, the ChiNext Index surged by 1.98%, and the Hang Seng Index gained 2.42% [3][4] - The best-performing sectors on October 20 were telecommunications (+3.21%), coal (+3.04%), electric equipment (+1.54%), machinery (+1.44%), and electronics (+1.38%). The worst-performing sectors included non-ferrous metals (-1.34%), agriculture, forestry, animal husbandry and fishery (-0.88%), beauty and personal care (-0.38%), food and beverage (-0.12%), and banking (-0.1%) [3][4] - The total trading volume for the entire A-share market on October 20 was 1.7513 trillion yuan, with a net outflow of 2.67 billion Hong Kong dollars from southbound funds [3][4] Key Insights - The report from Zhejiang Merchants Metal New Materials indicates that the bullish market for metals is expected to continue into Q4 2025, driven by a weaker US dollar and frequent supply disruptions in major metal varieties [5] - The main logic of the market has not changed, and there is a continued positive outlook for the metal bull market despite recent trade tensions and increased market volatility. It is recommended to maintain positions and buy on dips [5] - The report highlights that while non-ferrous metals have seen significant price increases, a correction is anticipated in Q4 [5] - The driving factors for this outlook include the rising prices of resource products due to the weaker US dollar and ongoing supply disruptions in key metal varieties [5]