Market Overview - The Shanghai Composite Index fell by 0.66%, the Shenzhen Component Index dropped by 0.87%, and the ChiNext Index decreased by 1.1% during the midday session on October 23 [3] - Nearly 3,900 stocks in the two markets experienced declines, indicating a broad market downturn [3] Sector Performance - CPO and cultivated diamond concepts saw significant pullbacks, while hard technology sectors like storage chips and GPUs continued to adjust [3] - The rare earth, precious metals, and military industry sectors were sluggish, contrasting with a surge in Shenzhen state-owned enterprises and coal stocks, which saw a wave of limit-up trading [3] - The coal futures market experienced a notable increase, with the main contract rising over 4% to 1,246.5 CNY per ton [6] Notable Stocks - Several coal stocks, including Daya Energy and Shanxi Coking Coal, recorded limit-up trading, with Daya Energy achieving 9 consecutive limit-ups [8] - In the Shenzhen state-owned enterprise reform sector, stocks like Jian Kexuan and Shen Saige saw significant gains, with Jian Kexuan rising by 20.02% to 20.74 CNY [15][16] Trading Volume - The trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion CNY, reflecting a decrease of nearly 50 billion CNY compared to the previous day [5] Currency and Monetary Policy - The People's Bank of China conducted a 2,125 billion CNY reverse repurchase operation with a rate of 1.40%, while 2,360 billion CNY of reverse repos were set to mature [21]

Market Performance - The market experienced a strong surge, with all three major indices closing higher at midday: Shanghai Composite Index up 1.2%, Shenzhen Component Index up 1.97%, and ChiNext Index up 2.92% [1] - Over 4,600 stocks rose across the two markets, with a total trading volume of 1.15 trillion yuan [1] Industry Highlights - The cultivated diamond sector continued its strong performance, rising by 5.23% at midday, with stocks like Inno Laser, Sifangda, Huifeng Diamond, Huanghe Xunfeng, and Hengsheng Energy hitting the daily limit [3] - The deep earth technology sector remained robust, with ShenKai Co. and Petrochemical Machinery both achieving two consecutive trading limits, and several other stocks also hitting the daily limit [3] - The computing hardware sector maintained its strength, with active performance in the Apple supply chain and a significant rise in storage chip concepts [3] Sector Adjustments - The coal industry faced a decline, dropping 1.24% at midday, with notable declines in stocks such as Antai Group down 6.42% and Baotailong down 5.91% [3] - The aviation, airport, and gas sectors followed suit with slight declines, while the banking and liquor sectors showed relative weakness but with minimal overall declines [3] News Developments - At the 15th China Henan International Investment and Trade Fair, Power Diamond announced the successful cultivation of a 156.47-carat artificial diamond rough [3] - Recent outbreaks of avian influenza have been reported in multiple regions of Germany, with numerous migratory birds found dead [3] - Chery has achieved a technological breakthrough in the solid-state battery full industry chain and showcased the Rhino S solid-state battery module [3]

Report Summary 1. Investment Rating The provided content does not mention the industry investment rating. 2. Core Views - Overseas: Overnight, gold closed down 5.31%. The decline was related to market structure as high prices led to less buying. The risk of the gold slump did not spread to other assets. Risk assets were supported by factors such as the expected end of the US government shutdown this week and optimistic expectations for Sino - US negotiations. The US dollar index, US bonds, and crude oil rose, the US volatility index fell sharply, and the three major US stock indexes showed mixed performance [2]. - Domestic: On Tuesday, the domestic market showed a rebound. The Shanghai Composite Index rose 1.36%, the Shenzhen Component Index rose 2.06%, and the ChiNext Index rose 3.02%. The market was led by technology stocks like computing power hardware. Sectors such as communication, electronics, building decoration, and real estate led the gains, while coal declined. The market's mid - day rise on the previous day was an index - repair rebound rather than a new uptrend due to reduced trading volume and index incoordination. Short - term, the impact of precious metal retracement on the market needs attention, and the index is expected to fluctuate around the 20 - day moving average. Medium - term, the market requires joint efforts from policies and fundamentals [3]. 3. Summary by Directory 3.1 Important News - High - profile political events include the election of Kishida Fumio as the Japanese Prime Minister, the formulation of a 12 - point Russia - Ukraine peace plan by Europe and Ukraine, and Trump's intention to visit China next year [5][7]. - Diplomatic exchanges involve calls between Chinese Minister of Commerce Wang Wentao and Dutch Economic Minister Karel de Groot, and a video conference between Wang Wentao and EU Commissioner for Trade and Economic Security Valdis Dombrovskis [7]. - Diplomatic responses were made regarding the US threat to cut off aircraft parts supply to China [7]. 3.2 Futures Market Tracking - **Price and Volume Data**: The report provides detailed price, volume, and position data for various stock index futures contracts, including the Shanghai 50, CSI 300, CSI 500, and CSI 1000. For example, the Shanghai 50 index rose 1.09%, and its futures contracts IH2511, IH2512, etc., also showed different degrees of increase [9]. - **Base and Spread Data**: It also presents base and spread data for different contracts, which helps investors understand the relative price relationships between futures and spot markets and among different futures contracts [9]. 3.3 Spot Market Tracking - **Index Performance**: Multiple indexes, including the Wind All - A Index, Shanghai Composite Index, and Shenzhen Component Index, showed varying degrees of increase. For example, the Wind All - A Index rose 1.62%, and the Shanghai Composite Index rose 1.36% [32]. - **Sector Performance**: Different sectors had different performances. Communication, electronics, and other sectors led the gains, while coal declined. The report also provides detailed data on sector performance in terms of price changes, trading volume, and other aspects [32]. - **Market Style Impact**: Analyzes the impact of different market styles (cyclical, consumer, growth, financial, and stable) on major indexes such as the Shanghai 50, CSI 300, CSI 500, and CSI 1000 [33][34]. - **Valuation and Volume Data**: Presents valuation data for important indexes and Shenwan sectors, as well as market trading volume and turnover rate data, which helps investors understand the overall market valuation and trading activity levels [36][39][41]. 3.4 Liquidity Tracking - **Central Bank Operations**: The report shows the central bank's open - market operations, including currency injection, currency withdrawal, and net currency injection [50]. - **Interest Rate Data**: It also provides Shibor interest rate data, which reflects the short - term inter - bank lending rates [51].

每经AI快讯，CPO等算力硬件股午后走强，新易盛、中际旭创涨超10%，天孚通信、工业富联涨超 6%，胜宏科技、景旺电子涨超5%。 （文章来源：每日经济新闻） ...

南方财经10月21日电，CPO等算力硬件股午后走强，新易盛、中际旭创涨超10%，天孚通信、工业富联 涨超6%，胜宏科技、景旺电子涨超5%。 ...

Core Viewpoint - The market experienced a rebound on October 21, with the ChiNext Index rising over 3% during intraday trading, indicating a positive sentiment among investors [1] Market Performance - Nearly 4,600 stocks in the market saw an increase, reflecting broad-based buying interest [1] - The half-day trading volume for the Shanghai and Shenzhen stock exchanges reached 1.15 trillion yuan, a decrease of 11.5 billion yuan compared to the previous trading day [1] - By the midday close, the Shanghai Composite Index rose by 1.2%, the Shenzhen Component Index increased by 1.97%, and the ChiNext Index was up by 2.92% [1] Sector Highlights - The deep earth technology concept continued to strengthen, with companies like ShenKong Co. and PetroChina Machinery both achieving two consecutive trading limit increases [1] - The computing hardware sector maintained its strong performance, with the Apple supply chain showing active movement [1] - The storage chip concept saw a significant surge, indicating robust demand in this area [1]

Market Overview - A-shares experienced a rebound today, with the ChiNext index rising over 3% during the session, and nearly 4,600 stocks in the market saw gains [1] - The trading volume in the Shanghai and Shenzhen markets reached 1.15 trillion yuan, a decrease of 11.5 billion yuan compared to the previous trading day [1] Sector Performance - The computing hardware sector continued its strong performance, with major players in optical modules seeing significant gains [3] - The Apple supply chain showed active performance, highlighted by a stock surge in Huanxu Electronics, which hit the daily limit [3] - The storage chip sector saw a substantial increase, with Xiangnong Xinchuan rising over 13% during the session [3] - In contrast, coal stocks mostly declined, with companies like Antai Group experiencing significant drops [3] Index Performance - By the end of the trading session, the Shanghai Composite Index rose by 1.2%, reclaiming the 3,900-point level, while the Shenzhen Component Index increased by 1.97%, and the ChiNext index surged by 2.92% [3]

Core Viewpoint - The market experienced a rebound with the ChiNext Index rising by 2.92%, and nearly 4600 stocks across the market saw gains, indicating a broad-based recovery in investor sentiment [1] Market Performance - The Shanghai and Shenzhen markets recorded a total trading volume of 1.15 trillion, a decrease of 11.5 billion compared to the previous trading day [1] - The Shanghai Composite Index increased by 1.2%, the Shenzhen Component Index rose by 1.97%, and the ChiNext Index surged by 2.92% [1] Sector Highlights - The deep earth technology concept continued to strengthen, with companies like ShenKai Co. and Petrochemical Machinery achieving consecutive gains [1] - The computing hardware sector maintained its strong performance, with significant increases in the shares of the "Easy Zhongtian" optical module giants [1] - The Apple supply chain showed active performance, highlighted by a surge in shares of Huanxu Electronics, which hit the daily limit [1] - The storage chip sector saw a substantial rise, with Xiangnong Chip Innovation increasing by over 13% during trading [1] Declining Sectors - Coal stocks generally declined, with companies like Antai Group experiencing significant drops [1] - Sectors such as cultivated diamonds, CPO, and engineering machinery led the gains, while coal and other sectors faced the largest declines [1]

Market Overview - The market experienced a rebound in early trading on October 21, with the ChiNext Index rising over 3% during the session, and nearly 4,600 stocks in the market showing gains [1] - By the midday close, the Shanghai Composite Index increased by 1.2%, the Shenzhen Component Index rose by 1.97%, and the ChiNext Index was up by 2.92% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.15 trillion yuan, a decrease of 11.5 billion yuan compared to the previous trading day [1] Index Performance - Shanghai Composite Index: 3,910.13, up 1.20%, with 1,911 gainers and 362 decliners [2] - Shenzhen Component Index: 13,065.58, up 1.97%, with 2,473 gainers and 387 decliners [2] - ChiNext Index: 3,080.79, up 2.92%, with 1,185 gainers and 190 decliners [2] - North Star 50 Index: 1,452.56, up 1.63%, with 257 gainers and 21 decliners [2] Sector Performance - Strong sectors included cultivated diamonds, CPO, and engineering machinery, while coal stocks faced declines [3] - Notable stocks included ShenKai Co. and Petrochemical Machinery, both achieving two consecutive trading limit increases, and several stocks in the computing hardware sector also performed strongly [2] - The Apple supply chain showed active performance, with companies like Huanxu Electronics hitting trading limits, and the storage chip sector saw significant gains, with Shannon Chip Innovation rising over 13% during the session [2]

Trading Volume Summary - The total trading volume for Shanghai Stock Connect reached 115.3 billion, while Shenzhen Stock Connect totaled 119.432 billion [1] - The top traded stocks in Shanghai included: - 688256 (Qiw) with 2.793 billion - 601138 (Industrial Fulian) with 1.812 billion - 601899 (Zijin Mining) with 1.711 billion [2] - The top traded stocks in Shenzhen included: - 300308 (Zhongji Xuchuang) with 4.252 billion - 300750 (Ningde Times) with 3.387 billion - 300502 (Xinyi Sheng) with 2.695 billion [2] Sector Performance - The sectors with the highest gains included cultivated diamonds, coal, and gas, while the sectors with the largest declines were non-ferrous metals [3] - The communication sector saw the highest net inflow of funds, while the non-ferrous metals sector experienced the largest net outflow [3] ETF Trading Activity - The top ten ETFs by trading volume included: - 513090 (Hong Kong Securities ETF) with 13.669 billion, down 20.16% from the previous trading day - 518880 (Gold ETF) with 11.239 billion, down 25.49% [4] - The ETFs with the highest increase in trading volume compared to the previous trading day included: - 513520 (Nikkei ETF) with 2.259 billion, up 365.26% [4] Institutional Activity - Notable institutional buying included: - 002173 (Innovation Medical) with a 10.02% increase, attracting 116 million from three institutions - 300179 (Sifangda) with a 19.98% increase, attracting 110 million from three institutions [7] - Significant selling activity was observed in: - 600988 (Chifeng Gold) with a 6.84% decrease, where three institutions sold 428 million [8] Quantitative Fund Activity - Quantitative funds showed low activity, with notable buying in: - 300179 (Sifangda) receiving 6.828 million from a quantitative seat [10] - Selling activity was also noted in: - 600988 (Chifeng Gold) with 4.28 billion sold by three institutions [8]