Group 1 - Deutsche Bank indicates that the continuous rise in gold prices reflects underlying panic in the stock market [1] - Credit Suisse states that comments regarding a "150 basis point rate cut" in Milan have minimal impact, with the market choosing to vote with its feet [1] - ING holds a neutral view on US Treasuries in the short term, while looking for opportunities to short 10-year Treasuries [1] Group 2 - CICC reports that the trend of deposit migration continues, but the pace has slowed [1] - Huatai Securities notes that the semiconductor equipment market in China is experiencing an "east rising, west declining" trend in the second half of the year [1] - CITIC Securities points out that the Democratic Republic of Congo has announced cobalt export quotas, which may lead to a strong increase in cobalt prices [1] Group 3 - CITIC Jinpu is optimistic about robots becoming a main line for technology growth allocation [1] - CITIC Securities reminds that the road testing for all-solid-state batteries has begun, and attention should be paid to their improvement and vehicle pressure [1] - CITIC Jinpu expects global investment in power grids to exceed $400 billion by 2025, indicating sustained high prosperity [1] Group 4 - Galaxy Securities believes that positive factors for banks are continuously accumulating, with mid-term performance expected to improve, signaling a potential turning point [1] - Galaxy Securities continues to favor computing-related PCB, domestic computing, IP licensing, and chip inductors in the second half of the year [1] - Everbright Securities states that the domestic engineering machinery market in August is "not dull in the off-season," with significant recovery in the non-excavator category [1]

光大证券：8月国内工程机械"淡季不淡" 非挖品类内销景气度显著复苏 光大证券表示，2025年8月国内挖掘机内销"淡季不淡"，非挖品类景气度显著复苏。两会政策支持力度 较大，工程机械中期需求持续复苏有保障。2025年8月挖掘机出口持续增长，工程机械出海仍大有可 为。2025年8月电动装载机销量维持大幅提升趋势，工程机械电动化有望加速。 本文转载自"智通财经"，智通财经编辑：陈雯芳。 9月23日讯，市场昨日震荡拉升，三大指数均收涨。在芯片概念股的带领下，科创50指数盘中一度涨逾 4%。沪深两市成交额2.12万亿，较上一个交易日缩量2023亿。板块方面，贵金属、芯片产业链、消费 电子等板块涨幅居前，影视院线、旅游、白酒等板块跌幅居前。截至昨日收盘，沪指涨0.22%，深成指 涨0.67%，创业板指涨0.55%。 在今天的券商晨会上，中信建投表示，看好机器人重回科技成长配置主线；光大证券表示，8月国内工 程机械"淡季不淡"，非挖品类内销景气度显著复苏。 中信建投：看好机器人重回科技成长配置主线 中信建投表示，特斯拉Optimus产业化加速，Figure完成高估值融资，机器人板块进入持续催化验证 期，继续坚定看多。当前O ...