格林大华期货早盘提示-20251112

Report Industry Investment Rating No information provided on the report industry investment rating. Core View of the Report - The Tuesday decline of the major indices in the two markets was a normal technical correction, and after 14:00, the decline stopped and the market consolidated. The subsequent market is expected to oscillate and rise, continuing the slow - bull trend. The main index futures should be long - positioned with the CSI 300 index as the main focus, and conduct range trading. For index options, in the large - scale oscillation range, it is advisable to observe rather than act rashly on the far - month deep - out - of - the - money call options [1][3]. Summary by Relevant Catalogs Market Review - On Tuesday, the major indices in the two markets oscillated and declined, with a trading volume of 1.99 trillion yuan, showing a decline in volume during the correction. The CSI 300 index closed at 4652, down 42 points or - 0.91%; the SSE 50 index closed at 3034, down 19 points or - 0.63%; the CSI 500 index closed at 7291, down 52 points or - 0.71%; the CSI 1000 index closed at 7540, down 22 points or - 0.30%. Among industry and theme ETFs, the top gainers were the Science and Technology Innovation New Energy ETF, etc., and the top losers were the Communication ETF, etc. Among the sector indices in the two markets, the top gainers were the Cultured Diamond index, etc., and the top losers were the Consumer Electronics index, etc. The CSI 500, CSI 300, CSI 1000, and SSE 50 index futures saw net outflows of 35, 25, 7, and 5 billion yuan respectively in the settled funds [1]. Important Information - The State Council Information Office held a regular policy briefing, releasing a strong signal of "promoting innovation through scenarios and stimulating vitality through openness". A special action implementation plan for "AI + manufacturing" will be introduced, and the "Robot +" application action will be deeply implemented. The Ministry of Science and Technology will strengthen the dominant position of enterprises in technological innovation. Overseas asset management institutions are optimistic about China, but large - scale capital inflows still need time. The "Guidance on Promoting New Energy Consumption and Regulation" was released, aiming to basically establish a multi - level new energy consumption and regulation system by 2030. The Chinese Academy of Sciences made important progress in perovskite solar cells. Analysts estimated that there will be a huge capital gap in the construction of AI data centers in the next five years. Goldman Sachs believes that the current corporate leverage ratio is not high, and the credit spread is narrow. The correlation between the S&P 500 index and NVIDIA is higher than that with the equal - weighted index of its 500 constituent companies. The silver reserves in the London vault increased significantly in October, ending the "silver squeeze" stage. BlackRock's private debt investment in a home improvement company was re - valued at zero. Trump's "tariff rebate" plan may cost up to $600 billion, which may lead to inflation [1][2]. Market Logic - The market decline on Tuesday was a normal technical correction. The policy briefing released a positive signal, and companies such as Alibaba are increasing investment in AI infrastructure. The US is planning or building large - scale data centers, and NVIDIA's CEO is optimistic about China's AI development. Goldman Sachs is optimistic about the stock markets in Hong Kong and the Chinese mainland [2][3]. Future Outlook - The major indices in the two markets are expected to oscillate and rise, continuing the slow - bull trend. The 4000 - point level of the Shanghai Composite Index has become an important support, and it is expected to reach new highs in the oscillation. The shift of Chinese capital to stocks may have started, and China has re - entered the vision of overseas investors. Stable stock markets can boost consumption and strengthen the internal economic cycle [3]. Trading Strategy - For index futures directional trading, long - position the index futures mainly with the CSI 300 index and conduct range trading. For index option trading, when the index is in a large - scale oscillation range, observe rather than act rashly on the far - month deep - out - of - the - money call options [3].