越秀证券每日晨报-20251027

Market Performance - The Hang Seng Index closed at 26,160, up 0.74% with a year-to-date increase of 30.41% [1] - The Hang Seng Tech Index rose by 1.82% to 6,059, with a year-to-date increase of 35.63% [1] - The Shanghai Composite Index closed at 3,950, up 0.71%, marking a 17.86% year-to-date increase [1] Key Economic Indicators - The US annual inflation rate for September rose to 3%, slightly below market expectations of 3.1% [10] - Energy prices increased by 2.8% year-on-year, the highest since May 2024 [10] - The core inflation rate decreased from 3.1% to 3%, contrary to expectations of stability [10] Company-Specific Developments - Xiaomi announced a tax subsidy plan for its entire vehicle lineup, with an expected investment exceeding 2 billion yuan [15] - Li Ning reported a decline in retail sales for the third quarter, with a high single-digit percentage drop year-on-year [17] - WuXi AppTec's net profit for the first three quarters reached 12.076 billion yuan, an increase of 84.8%, prompting an upward revision of its annual revenue forecast [19] Sector Performance - Semiconductor stocks saw significant gains, with SMIC and ASMPT rising over 8% [4] - The gaming and real estate sectors performed well, while pharmaceutical stocks generally declined [4] - In the A-share market, storage chips and aerospace stocks showed strong performance, while sectors like retail and coal experienced declines [5] IPO and Market Trends - Recent IPOs showed varied performance, with some stocks like "Zijin Gold International" performing well, while others like "Guanghe Tong" faced declines [27] - The Hong Kong stock market saw a significant increase in trading volume, with the stock connect program contributing to a notable share of total trading [24]