Market Overview - On October 9, the A-share market saw a strong rally, with the Shanghai Composite Index rising over 1% to surpass 3900 points, marking a 10-year high [1] - The total trading volume in the Shanghai and Shenzhen markets reached 26,723 billion yuan, an increase of 4,748 billion yuan compared to the previous trading day [1] - The technology sector, particularly the STAR Market, experienced significant gains, with the STAR 50 Index surging over 6% during the session [1] Sector Performance - The non-ferrous metals sector showed remarkable performance, with stocks like Tongling Nonferrous Metals, Northern Copper, and Yunnan Copper hitting the daily limit [1][5] - The rare earth sector also saw gains, with companies like China Rare Earth and Northern Rare Earth reaching their daily limit [8] - The storage chip concept remained active, with stocks such as Zhaoxin Semiconductor and Huahong Semiconductor hitting their daily limit [12] Notable Stocks - Newly listed stock Yunhan Chip City (301563) closed up 40.89%, reaching 164.56 yuan per share, with an intraday high of over 70% [2] - In the Hong Kong market, stocks like Xin Mining Resources and Hang Seng Bank saw significant increases, with Xin Mining Resources rising over 120% [4] Gold and Precious Metals - International spot gold prices surged past $4000 per ounce, reaching a historical high, driven by factors such as the U.S. government shutdown and ongoing expectations of interest rate cuts by the Federal Reserve [6][7] - Analysts suggest that the rise in gold prices is also influenced by global central banks' continued purchases of gold [7] Fusion Energy Sector - The controlled nuclear fusion concept gained traction, with stocks like Changfu Co. and Western Superconducting Technologies hitting their daily limit [9] - The BEST project in Hefei achieved a key breakthrough, marking a new phase in its construction [10] - The upcoming International Atomic Energy Fusion Energy Conference is expected to catalyze further developments in the fusion sector [11] Semiconductor Market - The storage chip market is projected to see price increases, with expectations of a 10% rise in eSSD prices and a 10-15% increase in DDR5 RDIMM prices by Q4 2025 [12][14] - NAND Flash prices are also expected to rise, with estimates of a 5-10% increase in Q4 2025 due to high demand from data centers [14]

截至10月9日收盘，黄金概念上涨5.22%，位居概念板块涨幅第7，板块内，66股上涨，浙富控股、和邦 生物、铜陵有色等涨停，招金黄金、豫光金铅、晓程科技等涨幅居前，分别上涨9.94%、9.87%、 8.92%。跌幅居前的有衢州发展、宁波中百、登云股份等，分别下跌2.43%、2.07%、1.71%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 可控核聚变 | 6.97 | 免税店 | -1.82 | | 金属铅 | 6.14 | 冰雪产业 | -1.59 | | 超导概念 | 5.85 | 租售同权 | -1.52 | | 金属锌 | 5.72 | 短剧游戏 | -1.35 | | 金属钴 | 5.50 | 旅游概念 | -1.05 | | 金属铜 | 5.28 | ST板块 | -0.99 | | 黄金概念 | 5.22 | 海南自贸区 | -0.98 | | 稀土永磁 | 5.05 | 电子竞技 | -0.94 | | 小金属概念 | 4.16 | IP经济(谷子经济) | -0.93 | | 金属镍 ...

金属钴概念资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | 主力资金净流入比率（%） | | --- | --- | --- | --- | --- | --- | | 601390 中国中铁 | | 5.44 | 2.14 | 42814.59 | 17.09 | | 601618 中国中冶 | | 7.53 | 4.98 | 22256.46 | 6.06 | | 000426 兴业银锡 | | 10.00 | 4.20 | 22081.97 | 8.35 | | 600549 厦门钨业 | | 8.85 | 5.74 | 21259.67 | 7.65 | | 002266 浙富控股 | | 10.12 | 2.47 | 20285.83 | 38.25 | | 601669 中国电建 | | 3.94 | 3.33 | 19282.64 | 7.69 | | 002460 赣锋锂业 | | 10.00 | 10.70 | 17875.52 | 2.11 | | 600490 鹏欣资源 | | 8.52 | 10.14 | 17222.27 | 1 ...

Core Insights - The Shanghai Composite Index opened high and broke through the 3900-point mark, reaching its highest level since August 2015, with a trading volume of 2.65 trillion yuan, an increase of 471.8 billion yuan from the previous trading day [1][7] - The market saw active rotation of hotspots, with 99 stocks hitting the daily limit up, particularly in the metals and nuclear power sectors [1][2] - The nuclear fusion sector experienced significant gains following the successful installation of a key component in a fusion energy experimental device, indicating a clearer commercialization path for nuclear fusion technology [2][6] Sector Summaries Nuclear Fusion Sector - The nuclear fusion concept stocks led the market, with companies like West Superconductor and Shanghai Electric hitting the daily limit up [2] - The successful installation of the Dewar base for the compact fusion energy experimental device in Hefei marks a new phase in the project, with expectations for accelerated capital expenditure in the sector during the 14th Five-Year Plan period [2][6] Metals Sector - Precious metals such as gold, silver, copper, and aluminum saw significant price increases during the "Double Festival" period, with COMEX gold rising by 4.81% [3][6] - The rare earth sector also showed strength, with several stocks hitting the daily limit up following new export control announcements from the Ministry of Commerce [3][6] Semiconductor Sector - The semiconductor sector experienced notable volatility, with major stocks like SMIC and Hua Hong Semiconductor showing mixed performance, indicating profit-taking after previous gains [5][7] - Despite short-term fluctuations, there remains a medium-term expectation for recovery in core semiconductor stocks, provided there are no significant downward trends [5][7] Market Trends - The overall market structure remains healthy with rising prices and increasing trading volume, but the sustainability of this trend will depend on future trading volumes [7] - The market is currently characterized by structural differentiation, with technology growth and certain cyclical stocks showing relative strength, particularly in sectors like metals, semiconductors, AI, solid-state batteries, and humanoid robots [7] Fund Flows - In September, the stock ETF market attracted over 111.3 billion yuan, marking a significant inflow of funds, particularly in ETFs tracking internet and battery indices [8]

| 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 601727 | 上海电 气 | 9.96 | 3.46 | 118000.60 | 26.42 | | 002366 | 融发核 电 | 10.07 | 13.31 | 62593.70 | 45.58 | | 300963 | 中洲特 材 | 19.99 | 26.06 | 44909.77 | 27.17 | | 600875 | 东方电 气 | 10.01 | 7.82 | 36025.92 | 10.95 | | 600353 | 旭光电 子 | 10.03 | 9.14 | 31338.40 | 22.75 | | 000777 | 中核科 | 10.02 | 8.53 | 23907.53 | 35.04 | | 000969 | 安泰科 | 10.03 | 4.15 | 23891.47 | 37.79 | | --- | --- | --- | --- | ...

Core Insights - The rare earth permanent magnet sector saw a significant increase of 5.05% as of the market close on October 9, ranking it as the 8th highest gain among concept sectors [1] - A total of 51 stocks within this sector experienced gains, with notable performers including Antai Technology, China Ruilin, and Northern Rare Earth, which hit the daily limit [1] - The sector attracted a net inflow of 6.109 billion yuan from major funds, with Northern Rare Earth leading the inflow at 2.969 billion yuan [1] Sector Performance - The rare earth permanent magnet sector's daily gain of 5.05% was notable compared to other sectors, such as controllable nuclear fusion at 6.97% and superconducting concepts at 5.85% [1] - The top gainers in the sector included: - Antai Technology: +10.03% - Northern Rare Earth: +10.00% - China Ruilin: +10.01% [2][3] - Conversely, the sector also had some underperformers, with Huicheng Environmental Protection dropping by 6.37% [5] Fund Flow Analysis - Major fund inflow rates were led by: - Antai Technology: 37.79% - Baogang Co.: 17.84% - Northern Rare Earth: 16.97% [2][3] - The overall net inflow of 6.109 billion yuan was distributed among 34 stocks, with 12 stocks receiving over 100 million yuan in net inflow [1] Notable Stocks - Key stocks with significant net inflow included: - Northern Rare Earth: 2.969 billion yuan - Baogang Co.: 880 million yuan - Jinyi Permanent Magnet: 531.8 million yuan [1][2] - Other notable performers included: - China Aluminum: 358.15 million yuan - Shenghe Resources: 346.92 million yuan [2]

昨日（10月8日），国际现货黄金价格盘中一度升破4000美元/盎司，再创历史新高。此前一日，国际期 货黄金价格盘中冲上4000美元/盎司关口。同时，国内多个金饰品牌的黄金克价再度刷新纪录。有分析 认为，国际金价大涨的背后主要是由美国政府"停摆"引发的短期波动、日本政治更迭带来的短期不确定 性、美联储持续降息预期和全球央行持续购金共同推动的。 中信建投证券表示，美国政府"停摆"扰动、未来降息和衰退的预期使得全球投资者对美元信用和美国主 权债务的担忧进一步上升，这推动了金银等贵金属和比特币价格进一步走高。与此同时，供给短缺和算 力革命逻辑下，铜价近期也明显走强。建议关注金银铜等有色板块投资机遇。 此外，次新股云汉芯城（301563）收盘上涨40.89%报164.56元/股，盘中最高涨超70%至199元/股，触发 两次临停。该股9月30日登陆创业板，发行价为27元/股，首日收盘上涨332.6%报116.8元/股。 有色板块盘中集体走高，钴、镍、锂矿、黄金概念等表现亮眼，截至收盘，天力复合涨超18%，铜陵有 色、北方铜业、云南铜业、西部黄金、四川黄金、赣锋锂业等均涨停。 | 代码 | 名称 | � | 涨幅% | 现 ...

每经编辑｜吴永久 在国庆节后A股首个交易日，沪指涨1.32%，收报3933.97点。沪深两市成交额达到26532亿元，较上一交易日大幅放量4718亿元。 板块方面，黄金、白银、有色金属、稀土、可控核聚变、超导、锂矿、HBM、存储芯片、AMD产业链等板块表现出色。中芯国际盘中大涨，收盘翻绿； 华虹公司炸板，下午大幅回落，收涨12.04%。人形机器人概念回调。 在板块机会方面，有参赛高手认为，三季报即将拉开序幕，本月资金对于炒高了的概念股会偏谨慎，更加注重上市公司的业绩。市场预期美联储在10月 和12月的降息概率较高，看好涨幅靠后的板块，如黄金（相对于人形机器人、存储芯片等，黄金股近几个月涨幅滞后）、电网投资（变压器、继电器 等）、券商板块。 消息面上，投资者普遍预计，美联储将在10月28日至29日的议息会议上再次降息25个基点。据CME"美联储观察"，美联储10月维持利率不变的概率为 5.9%，降息25个基点的概率为94.6%；美联储12月维持利率不变概率为0.9%，累计降息25个基点的概率为19.0%，累计降息50个基点的概率为80.1%。 近期，一些参赛选手表示，近几个月运用每日经济新闻APP私人订制的火线 ...

Market Overview - On October 9, the A-share market saw a strong rally, with the Shanghai Composite Index rising over 1% to surpass 3900 points, marking a 10-year high [1] - The Shenzhen Component Index increased by 1.47% to 13725.56 points, while the ChiNext Index rose by 0.73% to 3261.82 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 26,723 billion yuan, an increase of 4,748 billion yuan compared to the previous trading day [1] Sector Performance - The non-ferrous metals sector experienced significant gains, with stocks like Tongling Nonferrous Metals and Northern Copper hitting the daily limit [1][3] - The controlled nuclear fusion concept saw a surge, with companies like Changfu Co. and Western Superconducting Technologies also reaching the daily limit [7] - The rare earth sector strengthened, with companies such as China Northern Rare Earth and China Rare Earth nearing the daily limit [6] Notable Stocks - Newly listed stock Yunhan Xincheng surged by 40.89% to 164.56 yuan per share, with a peak increase of over 70% during the day [2] - In the Hong Kong market, stocks like Xin Mining Resources and Lenovo Group saw significant gains, with Xin Mining Resources rising over 120% [2] Gold and Precious Metals - International gold prices reached a new high, exceeding 4000 USD per ounce, driven by factors such as the U.S. government shutdown and ongoing expectations of interest rate cuts [4][5] - Analysts suggest that the current environment presents investment opportunities in precious metals and the non-ferrous sector [5] Semiconductor Sector - The storage chip sector showed renewed strength, with stocks like CanSemi and Huahong Semiconductor hitting the daily limit [10] - A report indicated that the server eSSD prices are expected to rise by over 10% in Q4 2025, driven by increased demand from major cloud service providers [12] Controlled Nuclear Fusion - The controlled nuclear fusion concept gained traction, with significant stock price increases for companies involved in this sector [7][9] - The upcoming International Atomic Energy Fusion Energy Conference is anticipated to bring major developments in the fusion industry [9]

节后首个交易日（10月9日），A股强势上攻，沪指涨超1%突破3900点，续创10年新高；港股回落走低，恒生科技指数一度跌超1%。 具体来看，A股市场主要股指盘中强势上扬，沪指突破3900点，续创10年新高；科创50指数盘中一度暴涨超6%。截至收盘，沪指涨1.32%报3933.97点，深证成指 涨1.47%报13725.56点，创业板指涨0.73%报3261.82点，科创50指数涨2.93%，沪深北三市合计成交26723亿元，较前一个交易日增加4748亿元。 场内超3100股飘红，有色板块爆发，黄金、钴镍概念亮眼，铜陵有色、北方铜业、云南铜业、四川黄金等涨停；可控核聚变概念崛起，常辅股份、英杰电气、西部 超导、国光电气等涨停；稀土板块拉升，中国瑞林、北方稀土等涨停；存储芯片概念持续活跃，灿芯股份、华虹公司盘中双双涨停续创新高，不过，华虹公司尾盘 开板，收盘涨约12%。旅游、影视股走低，果麦文化跌停，光线传媒跌超10%。 此外，次新股云汉芯城（301563）收盘上涨40.89%报164.56元/股，盘中最高 涨超70% 至199元/股，触发两次临停。该股9月30日登陆创业板，发行价为27元/ 股，首日收盘上涨33 ...