Zijin Mining(SH:601899) 雪球·2025-10-09 08:05Market Overview - The Shanghai Composite Index opened high and broke through the 3900-point mark, reaching its highest level since August 2015, closing up 1.32% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.65 trillion yuan, an increase of 471.8 billion yuan compared to the previous trading day [2] Sector Performance - The non-ferrous metals, semiconductor, and nuclear power sectors experienced a surge, with many stocks hitting the daily limit [3] - In contrast, the film and cinema sector saw a significant decline, with stocks like China Film hitting the daily limit down [3] Non-Ferrous Metals - The non-ferrous metals and gold sectors collectively surged, with Zijin Mining rising by 9.99%, reaching a market capitalization of over 860 billion yuan [4][6] - Other notable performers included Western Gold, Sichuan Gold, and Shandong Gold, all hitting the daily limit [4] Gold Price Dynamics - On October 8, gold prices surpassed $4000 per ounce, marking a historical high [8] - Analysts attribute the rise in gold prices to two main factors: the U.S. government debt issue and the global trend of "de-dollarization" [9] - China's gold reserves reached 74.06 million ounces by the end of September, marking an increase for the 11th consecutive month, with the proportion of gold reserves in foreign exchange reserves at 7.7%, below the global average of 15% [9] Technology Sector - The technology sector showed strong performance, with semiconductor and consumer electronics stocks being particularly active [11] - Notable gains included Huahong Semiconductor rising by 12% and other companies like Zhaoxin and Tongfu Microelectronics hitting the daily limit [12][15] - Factors driving this sector include price increases in memory chips and strategic partnerships, such as OpenAI's collaboration with AMD [15] Nuclear Fusion Sector - The controlled nuclear fusion concept saw significant gains, with stocks like Changfu Co. rising by 30% and several others hitting the daily limit [16][17] - Recent advancements in nuclear fusion technology, including the successful construction of key components for the BEST project in Hefei, have bolstered market confidence [19] - The international landscape is also improving, with agreements like the Atlantic Advanced Nuclear Partnership enhancing regulatory frameworks for nuclear projects [19]