Market Overview - The Shanghai Composite Index opened lower and continued to decline, closing down 2.45% with a trading volume of 824.9 billion, an increase of 113.6 billion from the previous trading day [2] - The Shenzhen Component Index also opened significantly lower, closing down 3.41% with a trading volume of 1.14 trillion, up 143.2 billion from the previous day [2] Technical Analysis - The Shanghai Composite Index fell below the 60-day moving average, indicating a stronger bearish trend. The MACD indicator shows expanding green bars, and the DIFF and DEA lines are further declining, reinforcing the bearish signal [5] - The Shenzhen Component Index experienced a similar trend with MACD green bars expanding and a solidifying bearish crossover, indicating strong bearish momentum [6] Market Sentiment - The market sentiment is extremely poor, with approximately 354 stocks rising and 5072 stocks declining, resulting in a rise-to-fall ratio of about 1:10 [7] - There were around 33 stocks hitting the daily limit up and 118 stocks falling by more than 10%, indicating a significant drop in short-term sentiment [8] Major Events - The delayed non-farm payroll data for September exceeded expectations, but it did not resolve the internal divisions within the Federal Reserve, leading to a continued decrease in the likelihood of a rate cut in December [9] Summary - The market experienced a significant adjustment with the Shanghai Composite Index down over 2% and the ChiNext Index down over 4%. Nearly 5100 stocks declined, and 99 stocks hit the daily limit down, reflecting a sustained low market sentiment [10] - The lithium battery sector saw a broad decline, with lithium mining stocks experiencing a limit down trend, while only a few sectors like agriculture and aquaculture showed gains [10][13] - The overall market is still in a phase of concentrated bearish sentiment, and investors are advised to remain cautious and wait for signs of a potential reversal before seeking opportunities [11]

Market Overview - The A-share market experienced weak fluctuations with the three major indices closing lower, where the Shanghai Composite Index fell by 2.45%, the Shenzhen Component Index by 3.41%, and the ChiNext Index by 4.02% [1][2] - The total market turnover reached 198.36 billion yuan, an increase of 26.1 billion yuan compared to the previous trading day [1] Sector Performance - The China Shipbuilding sector saw a notable increase of over 3%, while sectors such as energy metals, batteries, and silicon energy underwent adjustments [2] - New stock Dapeng Industrial surged over 1200%, and leading stocks in the coated sand industry, such as Changjiang Materials, hit the daily limit [2][4] - The energy metals sector faced significant declines, with leading stocks like Ganfeng Lithium, Shengxin Lithium Energy, and Tianqi Lithium hitting the daily limit down [2] AI and Technology Sector Insights - Concerns regarding the ability of AI investments to achieve substantial capital returns through a commercial loop are central to market anxieties about the technology sector [3] - The technology sector is currently experiencing a divergence of opinions, with some analysts viewing AI valuations as high and capital expenditure pressures significant, while others remain optimistic about long-term applications [2][3] Specific Company Developments - Changjiang Materials, a leader in the coated sand industry, reported a total market value of 3.816 billion yuan and plans to expand its 3D printing sand products [6][4] - Pingao Co., Ltd. announced a planned investment of 400 million yuan in Jiangyuan Technology, acquiring a 14.2151% stake, which is expected to increase to 15.4182% post-investment [8] Price Trends in Energy Metals - The energy metals sector saw a significant drop of 9.11%, with lithium carbonate and lithium hydroxide prices expected to decline by 25.17% and 21.47% respectively in the first three quarters of 2025 compared to 2024 [9] - Analysts predict a potential rebound in energy metal prices in the third quarter of 2025, supported by macroeconomic easing expectations [9][10]

个股方面，A股354股飘红，其中33股涨停；另外，5072股飘绿，其中99股跌停。值得一提的是，当 日，北交所新股大鹏工业上市首日股价大涨，盘中一度涨超1600%，最终收涨1211.11%，创年内新股上 市首日最大涨幅。 北京商报讯11月21日，A股三大股指集体低开，开盘后三大股指全天震荡走低。截至当日收盘，上证综 指收跌2.45%，收于3834.89点，失守3900点；深证成指、创业板指分别收跌3.41%、4.02%，分别报 12538.07点、2920.08点。 成交金额方面，沪市成交金额8249.31亿元，深市成交金额11407.3亿元，两市合计成交金额约1.97万亿 元。 盘面上，能源金属板块跌幅居前，板块内西藏矿业、盛新锂能等多股跌停；存储芯片板块走弱，板块内 德明利、大为股份等多股跌停。另外，当日仅船舶制造、Kimi概念、Sora概念三大板块飘红。 （文章来源：北京商报） ...

国家能源局：10月份全社会用电量8572亿千瓦时同比增长10.4% 国家能源局消息，10月份，全社会用电量8572亿千瓦时，同比增长10.4%。分产业看，第一产业用电量 120亿千瓦时，同比增长13.2%；第二产业用电量5688亿千瓦时，同比增长6.2%，其中，工业用电量同 比增长6.4%；第三产业用电量1609亿千瓦时，同比增长17.1%，其中，充换电服务业以及信息传输、软 件和信息技术服务业用电量增长较快；城乡居民生活用电量1155亿千瓦时，同比增长23.9%。 截至收盘，沪指报3834.89点，跌幅2.45%，成交额约8249亿元；深成指报12538.07点，跌幅3.41%，成 交额约11407亿元；创业板指报2920.08点，跌幅4.02%，成交额约5374亿元；科创综指报1503.36点，跌 幅3.75%，成交额约1726亿元；北证50指数报1377.39点，跌幅4.71%，成交额约182亿元。 机构观点 巨丰投顾：周五市场震荡调整，中船系板块涨幅居前。从目前趋势看，市场整体趋势依然向上，但短期 阶段性调整已然展开。三季报行情结束，但红利板块与科技股反复拉锯的局面没有结束，投资者仍需重 点关注前期热 ...

成交金额方面，沪市成交金额8249.31亿元，深市成交金额11407.3亿元，两市合计成交金额约1.97万亿 元。 个股方面，A股354股飘红，其中33股涨停；另外，5072股飘绿，其中99股跌停。值得一提的是，当 日，北交所新股大鹏工业上市首日股价大涨，盘中一度涨超1600%，最终收涨1211.11%，创年内新股上 市首日最大涨幅。 北京商报讯（记者 马换换 王蔓蕾）11月21日，A股三大股指集体低开，开盘后三大股指全天震荡走 低。截至当日收盘，上证综指收跌2.45%，收于3834.89点，失守3900点；深证成指、创业板指分别收跌 3.41%、4.02%，分别报12538.07点、2920.08点。 盘面上，能源金属板块跌幅居前，板块内西藏矿业、盛新锂能等多股跌停；存储芯片板块走弱，板块内 德明利、大为股份等多股跌停。另外，当日仅船舶制造、Kimi概念、Sora概念三大板块飘红。 ...

Market Overview - US and Asia-Pacific stock markets experienced a collective decline, with A-shares also falling significantly. The Shanghai Composite Index dropped by 2.45% to 3834 points, the Shenzhen Component Index fell by 3.41%, and the ChiNext Index decreased by 4.02% [1][2]. Index Performance - The Shanghai Composite Index closed at 3834.89, down by 96.16 points (2.45%) - The Shenzhen Component Index closed at 12538.07, down by 442.75 points (3.41%) - The ChiNext Index closed at 2920.08, down by 122.26 points (4.02%) - The North China 50 Index fell by 4.71% to 1377.39 [2]. Sector Performance - Lithium mining and battery sectors faced significant declines, with multiple stocks hitting the daily limit down, including Ganfeng Lithium, Jiangte Motor, and Tianqi Lithium [3]. - The organic silicon sector also saw a downturn, with stocks like Yuanxiang New Materials dropping over 10% [3]. - The titanium dioxide sector declined, with Guocheng Mining hitting the daily limit down [3]. - Battery stocks generally fell, with companies like Xingyuan Materials dropping over 10% [3]. - Fertilizer and phosphorus chemical sectors also experienced declines, with Chengxing Shares hitting the daily limit down [3]. - The photovoltaic equipment sector weakened, with Jincheng Shares hitting the daily limit down [3]. - Conversely, the shipbuilding sector rose against the trend, with Jianglong Shipbuilding increasing by over 14% [3]. - The AI application sector saw slight gains, with Kimi and Sora concepts leading the rise, and Yidian Tianxia hitting the daily limit up [3].

人民财讯11月21日电，今日三大指数集体低开，全天延续震荡调整走势。沪指跌超2%失守3900点。截 至收盘，沪指跌2.45%，深证成指跌3.41%，创业板指跌4.02%。盘面上，种业概念逆市走强，荃银高科 涨超16%。水产品概念反复活跃，中水渔业、獐子岛涨停。Sora概念异动拉升，视觉中国、易点天下涨 停。锂矿、盐湖提锂概念大幅走弱，大中矿业、西藏矿业、赣锋锂业、天齐锂业、盛新锂能、金圆股份 等多股跌停。有机硅概念下挫，晨光新材跌停。此外，互联网、传媒娱乐等板块涨幅居前；有色、化 工、半导体、电气设备等板块跌幅居前。沪深北三市成交额1.98万亿元，超5100只股下跌。 转自：证券时报 ...

盘面上，军工装备午后拉升，中船系全天活跃，久之洋涨停，中船防务、中船科技跟涨。消息面上，据 券商中国，除近期日本挑衅言论持续发酵外，军工板块似乎正在迎来持续催化。央视新闻刊发《硬核实 力！大国利器"上新"三连》，文章指出，近日大国利器接连上新，我国首艘电磁弹射型航母福建舰入 列，并开展了首次海上实兵训练任务；同时，从业绩上看，军工板块前三季度业绩增长明显。 此外，Sora概念、华为盘古等AI应用端午后拉升，易点天下、视觉中国涨停封板；林业板块冲高后回 落。 跌幅方面，短线情绪临冰点，权重题材集体下跌。锂资源、能源金属板块集体大幅回调，金圆股份、盛 新锂能等多股跌停；固态电池板块跌幅居前，诺德股份、恩捷股份等概念股大面积跌停；光伏、有机硅 板块走低；存储芯片板块大跌，德明利、时空科技等跌停；电网设备、消费电子、小金属、油服等板块 全面下跌。 个股方面，停牌核查的两大牛股海峡创新、平潭发展今日复牌巨震，尾盘双双跌停；北交所新股大鹏工 业午后拉升涨超1000%，较开盘价涨幅近180%，日内换手率超95%。 展望后市，德邦证券表示，市场风格延续谨慎，美联储降息预期下行以及中日关系紧张等外部因素或持 续影响市场，短期市 ...

截至收盘，沪指报3834.89点，跌2.45%；深证成指报12538.07点，跌3.41%；创指报2920.08点，跌4.02%。 盘面上，中船系、Sora概念、文化传媒板块上涨，能源金属、电池、钛白粉概念跌幅居前。 11月21日消息，市场全天震荡调整，三大股指低开低走，创指跌超4%，沪指跌超2%。板块方面，军工板块局部活跃，久 之洋、中船防务涨幅居前；下跌方面，锂矿概念大幅回调，赣锋锂业、盛新锂能等多股跌停；存储芯片尾盘持续下挫，普冉股 份、香农芯创等多股跌超10%；光伏设备板块集体调整，金辰股份跌停。总体来看，个股呈普跌态势，下跌个股超5000只。 ...

Market Overview - The US and Asia-Pacific stock markets experienced a collective decline, with the A-share market also seeing significant drops. The Shanghai Composite Index fell by 2.45% to 3834 points, the Shenzhen Component Index dropped by 3.41%, and the ChiNext Index decreased by 4.02% [1] Trading Volume and Market Performance - The total market turnover reached 1.98 trillion yuan, an increase of 261 billion yuan compared to the previous trading day, with nearly 5100 stocks declining [1] Sector Performance - Lithium mining and battery sectors faced a wave of limit-downs, with companies like Ganfeng Lithium, Jiangte Motor, and Tianqi Lithium seeing significant declines. The organic silicon sector also fell, with stocks like Yuanxiang New Materials dropping over 10% [1] - The titanium dioxide sector declined, with Guocheng Mining hitting the limit down. Battery stocks generally fell, with companies like Xingyuan Materials dropping over 10% [1] - The fertilizer and phosphorus chemical sectors also saw declines, with Chengxing Shares hitting the limit down. The photovoltaic equipment sector weakened, with Jincheng Shares also hitting the limit down [1] - Conversely, the shipbuilding sector rose against the trend, with Jianglong Shipbuilding increasing by over 14%. The AI application sector saw slight gains, with Kimi and Sora concepts leading the rise, and Yidian Tianxia hitting the limit up [1] Index Performance - The performance of various indices was as follows: - Shanghai Composite Index: 3834.89, down 96.16 points (-2.45%) - Shenzhen Component Index: 12538.07, down 442.75 points (-3.41%) - ChiNext Index: 2920.08, down 122.26 points (-4.02%) - CSI 300: 4453.61, down 111.34 points (-2.44%) - CSI 500: 6817.41, down 244.54 points (-3.46%) [1]