静待增量入场

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View - Today's stock market first declined and then rose. In the afternoon, the upward trend was due to the confirmation of China - US economic and trade consultations, which reduced risk - aversion sentiment, and the upcoming announcement of the Fourth Plenary Session of the 20th Central Committee, leading to some positive market expectations. The upstream resource industries and banks led the gains, and the dividend index was among the top performers, continuing the defensive trading trend. With the continued slight decline in the trading volume of the two markets, the stock index will continue to fluctuate without substantial incremental information. As subsequent policy - level decisions and China - US economic and trade consultations are gradually finalized, it is expected to increase stock market volatility, bring about phased trend adjustments, and may deviate from the current operating center, waiting for information to drive the market [3] 3. Summary by Relevant Catalogs Market Review - Today, the stock index fluctuated slightly stronger. Taking the CSI 300 index as an example, it closed up 0.30%. In terms of capital, the trading volume of the two markets decreased by 239.47 billion yuan. All varieties of stock index futures increased in volume and price [2] Important Information - The European side launched illegal unilateral sanctions against Chinese enterprises on the grounds of their involvement with Russia, and the Chinese Foreign Ministry firmly opposed it. - After consultations between China and the US, He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice - Premier of the State Council, will lead a delegation to Malaysia from October 24th to 27th to hold economic and trade consultations with the US. The two sides will discuss important issues in China - US economic and trade relations in accordance with the important consensus reached in the previous phone calls between the two heads of state this year [3] Strategy Recommendation - In the short term, pay attention to the opportunity of buying straddle option strategies and wait for incremental information to enter the market [4] Stock Index Futures Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main contract intraday change (%) | 0.32 | 0.58 | 0.34 | 0.19 | | Trading volume (10,000 lots) | 12.8274 | 6.0316 | 14.5145 | 26.0447 | | Trading volume change compared to the previous period (10,000 lots) | 3.134 | 1.3227 | 3.5906 | 7.8086 | | Open interest (10,000 lots) | 26.4665 | 9.4029 | 25.4337 | 37.5481 | | Open interest change compared to the previous period (10,000 lots) | 1.5352 | 0.5556 | 1.7898 | 3.3845 | [4] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index change (%) | 0.22 | | Shenzhen Component Index change (%) | 0.22 | | Ratio of rising to falling stocks | 1.38 | | Trading volume of the two markets (billion yuan) | 16439.10 | | Trading volume change compared to the previous period (billion yuan) | - 239.47 | [5]