国新证券每日晨报-20251121

Domestic Market Overview - The domestic market experienced a pullback after an initial rise, with the Shanghai Composite Index closing at 3931.05 points, down 0.4% [10][9] - The Shenzhen Component Index closed at 12980.82 points, down 0.76%, while the ChiNext Index fell by 1.12% [10][4] - Among 30 first-level industries, only 5 saw gains, with construction materials, banking, and telecommunications leading the increases, while coal, power equipment, new energy, and oil and petrochemicals faced significant declines [10][11] Overseas Market Overview - The US stock market saw all three major indices decline, with the Dow Jones down 0.84%, S&P 500 down 1.56%, and Nasdaq down 2.15% [2] - Notable declines included Nvidia dropping over 3% and Boeing falling more than 3% [2] - Chinese concept stocks also faced widespread declines, with Canadian Solar down nearly 19% and Xinyi Technology down over 14% [2] Key Economic Data - The report highlights that the number of college graduates in China for 2026 is expected to reach 12.7 million, an increase of 480,000 from the previous year [23] - In the US, non-farm employment increased by 119,000 in September, exceeding expectations, but the unemployment rate unexpectedly rose to 4.4%, the highest since October 2021 [23] Industry Developments - The Guangdong provincial government aims for the core digital economy industries to account for over 16% of GDP by 2027, with plans to create three trillion-level digital industry clusters and achieve an annual growth rate of over 15% in the data industry [19][20] - The report emphasizes the importance of digital transformation for over 60,000 industrial enterprises in Guangdong, with a focus on enhancing the region's digital economy [19][20]