Group 1 - The Hang Seng Index fell by 0.84%, down 215 points, closing at 25,549 points, while the Hang Seng Tech Index dropped by 1.32%. The early trading volume in Hong Kong stocks reached HKD 1,078 million [1] - Optical communication stocks surged again, driven by the demand for high-speed optical transceiver modules due to AIDC development. Institutions expect a significant increase in shipment volume next year. Notable stock performances include: Hongteng Precision up 7.95%, Changfei Optical Fiber up 4.57%, Cambridge Technology up 3.06%, and Huiju Technology up 0.53% [1] - Zhuoyue Ruixin's stock rose over 16% on its second day of listing, with a total increase of 120% from the IPO price, approaching a market capitalization of HKD 10 billion. The company provides digital solutions for higher education institutions [1] Group 2 - Baiaosaitu-B's stock increased by over 8%, reaching a new high, as the company prepares to enter the A-share Sci-Tech Innovation Board [2] - Zhaoyan New Drug's stock rose by over 8% due to a recent surge in the price of experimental monkeys, with institutions indicating a potential widening supply-demand gap [3] - Oil stocks collectively declined, with weakened support for oil prices from geopolitical events. However, institutions remain optimistic about the long-term investment value of the three major oil companies. PetroChina fell by 3%, Sinopec by 2.21%, and CNOOC by 2.32% [3] - Non-ferrous metal stocks experienced significant declines, as the market focuses on the future interest rate policies of various central banks. Jiangxi Copper fell by 5.96%, Luoyang Molybdenum by 6.27%, and China Aluminum by 5.34% [3] Group 3 - Yino Pharmaceutical-B's stock fell by over 14%, with a cumulative decline of 25% since entering the market [4] - Ocean Park Hong Kong's stock dropped by 9%, hitting a new low for the year, as the controlling shareholder faces issues with financial product repayments [5]

石油股集体走低。地缘事件对油价支撑弱化，机构仍看好三桶油长期投资价值。中石油(00857)跌3%； 中石化(00386)跌2.21%；中海油(00883)跌2.32%。 有色股跌幅居前。市场关注各国央行后续利率政策路径，有色金属全线承压。江西铜业股份(00358)跌 5.96%；洛阳钼业(03993)跌6.27%；中国铝业(02600)跌5.34%。 银诺医药-B(02591)再跌超14%，"入通"后累计跌幅达25%。 海昌海洋公园(02255)再挫9%，股价刷新年内新低，控股股东陷金融产品兑付风波。 智通财经APP获悉，港股恒生指数跌0.84%，跌215点，报25549点；恒生科技指数跌1.32%。港股早盘成 交1078亿港元。 光通信概念股再度上扬。AIDC发展带动高速光收发模块需求，机构预计明年出货量将激增。鸿腾精密 (06088)涨7.95%；长飞光纤光缆(06869)涨4.57%；剑桥科技(06166)涨3.06%；汇聚科技(01729)涨0.53%。 卓越睿新(02687)上市次日再涨超16% ，较招股价已涨1.2倍，总市值逼近100亿港元。公开资料显示，卓 越睿新是高等教育机构教学数字化解决方案 ...

7 . 昭衍新药(06127)涨超7.76% 。消息面上，据红星资本局报道，12月上旬，食蟹猴单价悄然跃过10 万元大关。 点击蓝字，关注我们 今日上午港股 1 . 百奥赛图-B(02315)涨超9.4% 。消息面上，百奥赛图今早发布公告称，经上海证券交易所审核同 意，百奥赛图(北京)医药科技股份有限公司发行的人民币普通股股票将于2025年12月10日在上海证券 交易所科创板上市。 2 . "中式面馆第一股"遇见小面(02408)涨4.69% 。消息面上，12月5日， 遇见小面董事长宋奇于上市仪 式上表示，本月底将于新加坡开设首家门店，反映公司向国际化迈出一步。 3 . 内房股集体下跌， 中国海外宏洋集团(00081)跌9.38%，绿城中国(03900)跌4.66%，新城发展(01030) 跌3.24%，融创中国(01918)跌1.55% 。 4. 海昌海洋公园(02255)再挫9% 。消息面上，近期，"祥源系"数款收益权产品到期未兑付事件持续发 酵。 5 . 有色股跌幅居前， 江西铜业股份(00358)跌6.24%，洛阳钼业(03993)跌6.48%，中国铝业(02600)跌 5.43%，紫金矿业(0289 ...

12月9日，A股市场弱势调整，国证自由现金流指数盘中跌超1.4%，成分股红旗连锁、中国动力、潍柴 重机等领涨；洛阳钼业、中国铝业、南山铝业等领跌。 自由现金流ETF（159201）及其联接基金（A：023917；C：023918）紧密跟踪国证自由现金流指数， 经流动性、行业、ROE稳定性筛选后，选取自由现金流为正且占比高的股票，指数质地高，抗风险能力 强，适合底仓配置，满足长线投资配置需求。基金管理费年费率为0.15%，托管费年费率为0.05%，均 为市场最低费率水平，最大程度让利投资者。 （文章来源：每日经济新闻） 中银证券研报分析，当前来看，市场在资金和政策支撑下，整体仍处于上行中枢。明年A股有望在估值 支撑及盈利企稳支撑下延续上涨态势，跨年配置行情有望提前开启。外部风险因素缓和及美联储降息预 期的重新升温有望为A股带来"春季躁动"预热行情。 相关ETF方面，同类规模最大的自由现金流ETF（159201）获资金抢筹，近22天获得连续资金净流入， 最高单日获得2.53亿元净流入，合计"吸金"22.36亿元。流动性方面，截至12月8日，自由现金流ETF近1 周日均成交4.56亿元。 ...

截至2025年12月9日 10:36，国证有色金属行业指数(399395)成分股方面涨跌互现，东阳光(600673)领涨 9.99%，云南锗业(002428)上涨1.77%，中钨高新(000657)上涨0.21%；洛阳钼业(603993)领跌。有色ETF 基金(159880)最新报价1.78元，盘中净申购400万份。 有色板块今日回调，资金逆市布局，东方证券指出，工业金属的超级周期或已来临，重点关注铜铝金板 块。降息周期里供需偏紧的实物资产，即使是较小的供需缺口也有望产生较大的价格弹性。本轮降息周 期下，以铜、铝为代表的工业金属超级周期或已来临。看好2026年美国电力投资对铜的需求，储能及替 代需求对铝需求的拉动，以及工业金属价格大幅上行对通胀预期的推动，建议重点关注铜铝金板块。 有色ETF基金紧密跟踪国证有色金属行业指数，国证有色金属行业指数参照国证行业分类标准，选取归 属于有色金属行业的规模和流动性突出的50只证券作为样本，反映了沪深北交易所有色金属行业上市公 司的整体收益表现，向市场提供细分行业的指数化投资标的。 数据显示，截至2025年11月28日，国证有色金属行业指数(399395)前十大权重股分别 ...

截至2025年12月9日 10:40，中证细分有色金属产业主题指数(000811)下跌3.00%。成分股方面，洛阳钼业(603993)领跌5.72%，中国铝业(601600)下跌5.41%， 华锡有色(600301)下跌5.36%，铜陵有色(000630)下跌4.69%，中孚实业(600595)下跌4.56%。有色50ETF(159652)下跌3.24%，最新报价1.52元。拉长时间看， 截至2025年12月8日，有色50ETF近1周累计上涨2.74%，涨幅排名可比基金1/2。（以上所列股票仅为指数成份股，无特定推荐之意） 流动性方面，有色50ETF盘中换手3.27%，成交1.13亿元。拉长时间看，截至12月8日，有色50ETF近1周日均成交1.78亿元。 值得一提的是，有色50ETF(159652)盘中再获资金积极加仓，截至目前，该基金盘中已获净申购1200万份，按盘中成交均价估算，净申购金额已超1830万 元。 | | 有色50ETF 159652 | द्रे | | --- | --- | --- | | | | FO V S | | 实时申购赎回信息 | 申购 | 应 | | 笔数 | 17 | 5 ...

（文章来源：每日经济新闻） 每经AI快讯，港股有色股跌幅居前。截至发稿，江西铜业股份(00358.HK)跌6.57%，报33.56港元；洛阳 钼业(03993.HK)跌6.27%，报17.93港元；中国铝业(02600.HK)跌4.73%，报10.88港元；紫金矿业 (02899.HK)跌4.54%，报32.4港元。 ...

消息面上，市场预计日本央行将调整加息步伐；欧洲央行执委Schnabel的鹰派讲话，促使市场押注明年 加息；美联储影子主席哈塞特发表的不够鸽派的言论，同样打压明年降息预期。分析人士指出，市场几 乎已消化美联储本周降息的预期，但投资者认为其政策声明和主席鲍威尔的讲话可能暗示进一步降息的 门槛提高。 东方证券此前指出，本轮降息周期下，以铜、铝为代表的工业金属超级周期或已来临。该行看好2026年 美国电力投资对铜的需求，储能及替代需求对铝需求的拉动，以及工业金属价格大幅上行对通胀预期的 推动，建议重点关注铜铝金板块。 智通财经APP获悉，有色股跌幅居前，截至发稿，江西铜业股份(00358)跌6.57%，报33.56港元；洛阳钼 业(03993)跌6.27%，报17.93港元；中国铝业(02600)跌4.73%，报10.88港元；紫金矿业(02899)跌4.54%， 报32.4港元。 ...

消息面上，市场预计日本央行将调整加息步伐；欧洲央行执委Schnabel的鹰派讲话，促使市场押注明年 加息；美联储影子主席哈塞特发表的不够鸽派的言论，同样打压明年降息预期。分析人士指出，市场几 乎已消化美联储本周降息的预期，但投资者认为其政策声明和主席鲍威尔的讲话可能暗示进一步降息的 门槛提高。 东方证券此前指出，本轮降息周期下，以铜、铝为代表的工业金属超级周期或已来临。该行看好2026年 美国电力投资对铜的需求，储能及替代需求对铝需求的拉动，以及工业金属价格大幅上行对通胀预期的 推动，建议重点关注铜铝金板块。 有色股跌幅居前，截至发稿，江西铜业（600362）股份(00358)跌6.57%，报33.56港元；洛阳钼业 （603993）(03993)跌6.27%，报17.93港元；中国铝业（601600）(02600)跌4.73%，报10.88港元；紫金矿 业（601899）(02899)跌4.54%，报32.4港元。 ...

Group 1: Market Overview - The market is currently consolidating, with the non-ferrous metals sector leading the decline, as evidenced by the non-ferrous leader ETF (159876) which saw a drop of over 2% [1][12] - Despite the market downturn, the non-ferrous leader ETF (159876) received a net subscription of 24 million shares, indicating investor confidence in the future performance of non-ferrous metals [1][12] - As of December 8, the non-ferrous leader ETF (159876) has a total scale of 739 million yuan, making it the largest ETF tracking the same index in the market [1][12] Group 2: Sector Performance - Major stocks in the sector such as Huaxi Nonferrous, Luoyang Molybdenum, and China Aluminum experienced declines of over 4%, while Yunnan Zinc and Licheng Group saw increases of over 3% and 1% respectively [1][7] - The performance of the non-ferrous metals index is being dragged down by the significant losses in key stocks [1][7] Group 3: Macroeconomic Factors - The Federal Reserve is set to begin a monetary policy meeting, with an 89.4% probability of a 25 basis point rate cut, which is expected to support non-ferrous metal prices [3][8] - The ongoing expectation of further rate cuts by the Federal Reserve is seen as a driving force for potential price increases in non-ferrous metals [3][8] Group 4: Industry Outlook - International copper prices have reached new highs, driven by supply shortages and tariff concerns, which may continue to push prices upward [3][9] - The current tightening of supply and demand dynamics in the physical asset market suggests that even small supply gaps could lead to significant price fluctuations during the Fed's rate cut cycle [3][9] - The non-ferrous metals sector, particularly copper and aluminum, is anticipated to enter a super cycle, with increasing demand projected for 2026 driven by power investments and storage needs [3][9][10] Group 5: Investment Strategy - A diversified investment approach through the non-ferrous leader ETF (159876) and its associated funds is recommended to mitigate risks associated with individual metal investments [4][10] - The ETF covers a broad range of sectors including copper, aluminum, gold, rare earths, and lithium, making it suitable for inclusion in investment portfolios [4][10]