Market Performance - On the first trading day of October, A-shares opened higher, with the Shanghai Composite Index surpassing 3900 points for the first time in ten years, closing at 3933.97 points, up 1.32% [1] - The Shenzhen Component Index rose by 1.47%, while the ChiNext Index increased by 0.73%, and the STAR Market 50 Index surged by 2.93% [1] - The total market turnover reached 2.67 trillion yuan, an increase of 474.6 billion yuan compared to the previous trading day, with over 3100 stocks rising and nearly 100 stocks hitting the daily limit [1] Sector Performance - Precious metals and gold sectors saw a surge, with multiple stocks like Zhaojin Mining and Zhongjin Gold hitting the daily limit due to rising international gold prices during the National Day holiday [1] - The controlled nuclear fusion sector experienced significant growth following recent milestone advancements, with Guoguang Electric hitting a 20% limit up [1] - The rare earth sector also rose due to export controls on related items, with stocks like Northern Rare Earth and Antai Rare Earth reaching their daily limits [1] - Other sectors such as small metals, non-ferrous metals, lithium mining concepts, and superconducting concepts showed strong performance [1] Declining Sectors - The tourism and hotel sector declined, with daily per capita consumption during the holiday dropping by 13% year-on-year, leading to a more than 8% drop in stocks like Caesar Travel [1] - The real estate service sector also faced losses, with Huangting International hitting the daily limit down [1] - The film and television sector weakened due to lower box office revenues compared to the previous year, with stocks like China Film and Hengdian Film hitting their daily limits down [1] - Other sectors such as duty-free, short drama concepts, and millet economy also experienced significant declines [1] Top Gainers and Fund Inflows - Precious metals topped the gainers list with a 9.28% increase, followed by basic metals at 6.52% and power generation equipment at 6.279% [2] - The electricity sector rose by 2.89%, while steel and coal sectors increased by 2.83% and 2.749% respectively [2]

Market Performance - The three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 1.32%, the Shenzhen Component Index by 1.47%, and the ChiNext Index by 0.73%, while the Northbound 50 Index fell by 0.18% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 26,718 billion yuan, an increase of 4,746 billion yuan compared to the previous day [1] - Over 3,100 stocks in the market experienced gains [1] Sector Performance - The sectors with the highest gains included precious metals, controllable nuclear fusion, rare earth permanent magnets, energy metals, wind power equipment, steel, and storage chips [1] - Conversely, the sectors that saw the largest declines were film and television, tourism and hotels, liquor, and duty-free shops [1] Notable Stocks - The surge in international gold prices led to a collective explosion in the non-ferrous and precious metals sectors, with stocks such as Xingye Silver Tin, Yunnan Copper, Shandong Gold, Sichuan Gold, and Zhaojin Gold hitting the daily limit [1] - The controllable nuclear fusion sector also performed strongly, with stocks like Western Superconducting, Guoguang Electric, and Haheng Huaton reaching the daily limit [1] - The rare earth permanent magnet sector saw a rebound in the afternoon, with stocks such as Northern Rare Earth, China Rare Earth, and China Ruilin hitting the daily limit [1] - Other sectors like storage chips, wind power equipment, and steel also showed performance during the trading session [1] Declining Stocks - The film and television sector experienced significant declines, with stocks such as Bona Film, Hengdian Film, and China Film hitting the daily limit down [1] - The tourism and hotel sector also performed poorly, with stocks like Caesar Travel, Tianfu Cultural Tourism, and Xiyu Tourism showing the largest declines [1]

Core Viewpoint - The stock prices of companies such as Hezhong Intelligent and Yongding Co., Ltd. have reached their daily limit, indicating strong market interest and potential investment opportunities in these firms [1] Group 1: Company Performance - Hezhong Intelligent and Yongding Co., Ltd. experienced a limit-up in their stock prices, suggesting significant investor confidence [1] - Other companies such as Hahuan Huaton, Tianli Composite, and Changfu Co., Ltd. saw their stock prices increase by over 10%, reflecting a positive trend in the market [1] - Additional companies including Shanghai Electric, Zhongzhou Special Materials, Zhejiang Fuhua Holdings, Western Superconducting Technologies, and Guoguang Electric also experienced stock price increases, indicating a broader market rally [1]

Core Viewpoint - The Shanghai Composite Index has risen over 1% and surpassed 3900 points, reaching a 10-year high as of October 9 [1] Market Performance - As of the midday close, the Shanghai Composite Index reported 3931.07 points, up 1.24%, with a trading volume of 785.8 billion yuan [1] - The Shenzhen Component Index reached 13763.88 points, increasing by 1.75%, with a trading volume of 929.4 billion yuan [1] - The ChiNext Index stood at 3295.58 points, up 1.77% [1] - The total trading volume for both Shanghai and Shenzhen markets reached 1.72 trillion yuan [1] Sector Performance - Sectors with notable gains included gold concepts, controllable nuclear fusion, and storage chips [1] - Sectors that experienced declines included film and television, tourism, and retail [1]

Core Viewpoint - The A-share controllable nuclear fusion sector experienced a surge in stock prices, driven by significant advancements in China's controllable nuclear fusion technology [1][3]. Group 1: Market Performance - Multiple stocks in the controllable nuclear fusion sector reached their daily limit up, including Guoguang Electric, Haheng Huaton, and Zhongzhou Special Materials, with increases of 20% and above [1][2]. - The overall market sentiment is positive, with several companies showing gains exceeding 10% [1][2]. Group 2: Technological Advancements - The recent surge is attributed to a key breakthrough in the construction of the compact fusion energy experimental device (BEST) in Hefei, Anhui, with the successful installation of the core component, the Dewar base [3]. - The completion of the Dewar base marks the beginning of the main assembly work for the BEST device, which is expected to be fully assembled by 2027 [3]. - BEST aims to demonstrate fusion energy generation for the first time globally, with the goal of lighting the first lamp by 2030 [3]. Group 3: Global Developments - The global nuclear fusion sector is witnessing rapid advancements, including a $1 billion power purchase agreement between CFS and Eni Group for a fusion power plant in Virginia, expected to be operational in the early 2030s [4][5]. - The international community is accelerating efforts towards the commercialization of fusion energy, with various countries investing significantly in fusion projects [5][6]. Group 4: Market Outlook - The global nuclear fusion market is projected to reach $496.55 billion by 2030, with a compound annual growth rate of 7.4% from 2024 to 2030 [7]. - Recent policy support in China, including the approval of the Atomic Energy Law, encourages research and development in controlled thermonuclear fusion, providing a favorable environment for industry growth [7][8]. - Analysts suggest that the second wave of market activity in the fusion sector is likely to commence, driven by intensified project financing and bidding processes [6][8].

Core Viewpoint - The defense and military industry sector is experiencing a positive trend, with the "Bayi" defense military ETF (512810) showing an increase of over 1%, indicating a potential for a three-day consecutive rise in daily trading [1] Group 1: Market Performance - The controlled nuclear fusion concept stocks are actively trading, with Western Superconducting reaching a 20% limit up, Lianchuang Optoelectronics rising over 6%, and Yingliu Co. increasing by over 5% [3] - Major stocks such as China Shipbuilding, Guangqi Technology, and Aero Engine Corporation are also showing positive performance [3] - The market is anticipating a rapid improvement in the industry fundamentals in the fourth quarter, as several defense and military listed companies are expected to announce 2025 restricted stock incentive plans or disclose new major contracts [4] Group 2: Industry Developments - The construction of China's nuclear fusion device BEST has commenced, which will be the first to demonstrate nuclear fusion power generation internationally, with expectations for operational capability by 2030 [3] - A recent report from AVIC Securities highlights the clear rotation characteristics within the military industry sector, including themes such as nuclear fusion, low-altitude economy, commercial aerospace, deep-sea technology, large aircraft, and military trade [5] - The defense military ETF (512810) is positioned as an efficient tool for investing in core assets of the defense military sector, covering various popular themes including controlled nuclear fusion, commercial aerospace, low-altitude economy, large aircraft, deep-sea technology, and military AI [5]

Core Viewpoint - The A-share controllable nuclear fusion sector experienced a surge in stock prices, driven by significant advancements in China's controllable nuclear fusion technology [1][3]. Group 1: Market Performance - Several stocks in the controllable nuclear fusion sector reached their daily limit up, including Guoguang Electric, Haheng Huaton, and Zhongzhou Special Materials, with increases of 20% and above [1][2]. - The overall market sentiment is positive, with multiple companies showing gains exceeding 10% [1][2]. Group 2: Technological Advancements - The recent surge is attributed to a key breakthrough in the construction of the compact fusion energy experimental device (BEST) in Hefei, Anhui, with the successful installation of the core component, the Dewar base [3]. - The completion of the Dewar base marks the beginning of the main assembly work for the BEST device, which is expected to be fully assembled by 2027 [3]. Group 3: Global Developments - The global nuclear fusion sector is witnessing rapid advancements, with China's new fusion company established by China National Nuclear Corporation aiming for commercial fusion energy by 2050 [4]. - Internationally, significant agreements are being made, such as the $1 billion power purchase agreement between CFS and Eni Group for a fusion power plant in Virginia, expected to be operational in the early 2030s [4]. Group 4: Market Outlook - The global nuclear fusion market is projected to reach $496.55 billion by 2030, with a compound annual growth rate of 7.4% from 2024 to 2030 [7]. - Various countries, including Germany and the U.S., are accelerating their nuclear fusion initiatives, with Germany planning to invest over €2 billion by 2029 to establish the world's first operational fusion power plant [7]. - The domestic nuclear fusion sector is expected to see a second wave of market activity, with upcoming tenders for high-value products related to the BEST project [8].

Core Viewpoint - The A-share market has entered a bullish phase, with the Shanghai Composite Index surpassing 3900 points for the first time since August 2015, indicating a significant market recovery and investor optimism [3][4]. Technology Sector - The technology sector is experiencing a strong rally, particularly in the semiconductor industry, with storage chips and advanced packaging leading the gains. Notable stocks such as Tongfu Microelectronics and SMIC have reached historical highs [6][7][10]. - Key drivers for the technology sector include price increases in storage chips, with major companies like Samsung and Micron announcing price hikes of 15% to 30% for DRAM and 5% to 10% for NAND flash [9][10]. Precious Metals Sector - The precious metals sector has seen substantial gains, with gold prices reaching new highs, surpassing $4000 per ounce during the National Day holiday. Major stocks like Sichuan Gold and Shandong Gold have hit their daily limits [12][15]. - China's gold reserves have increased, with the central bank adding 40,000 ounces in September, marking the 11th consecutive month of gold accumulation [15]. Industrial Metals Sector - The industrial metals sector is also performing well, with stocks like Yunnan Copper and Jiangxi Copper hitting their daily limits. Energy metals, including lithium stocks like Ganfeng Lithium and Tianqi Lithium, have shown significant increases [12][14]. Market Performance - The Shanghai Composite Index rose by 1.24% to close at 3931.07 points, while the Shenzhen Component and ChiNext Index increased by 1.75% and 1.77%, respectively. The market's half-day trading volume exceeded 1.72 trillion yuan [4].

格隆汇10月9日｜节后首个交易日，A股三大指数高开高走，沪指涨1.24%，时隔逾10年再度站上3900 点，深成指涨1.75%，创业板指涨1.77%，北证50涨0.25%。沪深京三市半日成交额17269亿元，较上日 放量3571亿元，全市场3200只个股上涨。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 盘面上，国际金价昨日突破4000美元大关后屡创新高，黄金、有色金属板块大涨，赤峰黄金(600988)、 四川黄金、江西铜业(600362)、白银有色(601212)等涨停；可控核聚变概念表现强势，国光电气、哈焊 华通、中洲特材20cm涨停，近日中国核聚变装置BEST建设取得关键突破；半导体板块爆发，灿芯股 份、华虹公司20cm涨停，均创历史新高；稀土永磁概念股集体上涨，安泰科技涨停，金力永磁 (300748)、中矿资源(002738)涨超8%，商务部对境外相关稀土物项实 ...

Market Performance - On the first trading day after the holiday, the Shanghai Composite Index reached a ten-year high, closing at 3931.07 points, up 1.24% [1] - The Shenzhen Component Index rose by 1.75% to 13763.88 points, while the ChiNext Index increased by 1.77% to 3295.58 points [1] - The STAR Market 50 Index saw a significant increase of 5.59%, closing at 1578.88 points [1] Economic Indicators - The People's Bank of China conducted a 7-day reverse repurchase operation of 612 billion yuan, maintaining an interest rate of 1.4% [2] - The National Taxation Administration reported a 4.5% year-on-year increase in daily sales revenue for consumption-related industries during the National Day and Mid-Autumn Festival holiday, with goods and services consumption growing by 3.9% and 7.6% respectively [3] Sector Performance - The sectors showing the highest gains included controlled nuclear fusion (5.99%), superconducting concepts (5.50%), and precious metals (4.61%) [4][5] - Conversely, sectors such as duty-free concepts, film and television, and the liquor industry experienced declines, with duty-free concepts down by 1.53% [4][5] Company Insights - Guoguang Electric, a leading company in microwave devices, is expected to benefit from the expansion of domestic controlled nuclear fusion projects [8] - Western Superconducting has demonstrated strong international competitiveness in the special superconducting magnet field, likely benefiting from the acceleration of global nuclear fusion commercialization [8] - Zhejiang Fu Holdings is anticipated to see increased net profit contributions from its clean energy equipment business due to normalized nuclear power approvals [8] - Antai Technology maintains its leading position in the refractory tungsten and molybdenum metal products industry, with strong demand for amorphous materials expected to drive growth [9]