Market Overview - The market experienced fluctuations with the three major indices opening high but closing lower, with the Shanghai Composite Index down by 0.39%, the Shenzhen Component Index down by 1.03%, and the ChiNext Index down by 1.4% [1] - The trading volume in the Shanghai and Shenzhen markets was below 2 trillion yuan, a decrease of 180.9 billion yuan compared to the previous trading day [1] Market Sentiment - There was a lack of momentum in the market, as the expected volume increase during the opening period did not materialize, indicating that more market participants were unwilling to initiate a rally [3] - The overall sentiment in the Asia-Pacific region reflected a similar trend of "high open, low close," influenced by external factors [4] External Influences - Concerns regarding the U.S. government "shutdown" and its potential economic implications have affected market sentiment, with expectations of a stronger U.S. dollar leading to capital outflows from other markets [8] - The U.S. Senate passed a temporary funding bill, but the market remains wary of the economic data that will be released once the government reopens [9] Sector Performance - AI hardware stocks showed a notable decline, mirroring the overall index performance, which contributed to the ChiNext Index's downturn [10][12] - The CPO sector, representing computing power hardware stocks, faces two negative factors: ongoing concerns about the AI sector's potential bubble and a shift in institutional fund styles in the domestic market [14][17] Emerging Opportunities - The cultivated diamond sector emerged as a leading performer, with a closing increase of over 6%, driven by industrial market demand and recent technological advancements [18] - Research from Xi'an University of Electronic Science and Technology highlighted the potential of cultivated diamonds in enhancing semiconductor performance, leading to a reevaluation of their value in high-end chip manufacturing [21]

Market Overview - The US stock market experienced a significant downturn due to escalating trade tensions, with major indices declining collectively. The S&P 500 fell by 2.43%, the Dow Jones by 2.73%, and the Nasdaq by 2.53% during the week [1][3] - The technology sector, represented by the seven major tech stocks, saw a decrease of 2.69%, with notable declines in Tesla (down 3.8%), Apple (down nearly 5%), and Alphabet (down over 3.6%) [1][3] European and Asian Markets - European markets also faced declines, with the STOXX 600 index dropping by 1.10%. The German DAX 30 fell by 0.56%, while the French CAC 40 decreased by 2.02% [1][3] - In contrast, Asian markets showed positive performance, with Japan's Nikkei 225 index rising by 5.07%, reaching a record high, and India's SENSEX 30 increasing by 1.59% [1][3] Currency and Commodity Markets - The US dollar index continued its strong performance, rising by 1.13% and surpassing the 99 mark, while the Japanese yen weakened significantly, dropping by 2.48% [2][3] - Gold prices surged, with spot gold reaching $4017.845 per ounce, marking an increase of approximately 3.4% for the week. Silver also saw a record high, peaking at $51.23 per ounce [2][3] Economic Data and Federal Reserve Outlook - The US government shutdown has delayed the release of key economic data, including the non-farm payrolls and CPI, creating uncertainty regarding the economic outlook and the Federal Reserve's interest rate decisions [4][5] - Despite expectations for two more rate cuts this year, there is internal disagreement among Federal Reserve officials regarding the future path of rate cuts, leading to increased unpredictability in monetary policy [5][6] Upcoming Earnings Reports - The third-quarter earnings season for US banks is set to begin, with major banks like JPMorgan, Goldman Sachs, and Citigroup scheduled to report on October 14. Market expectations indicate a slowdown in earnings growth for S&P 500 companies from 11% in Q2 to 6% in Q3 [6] - The ongoing AI trend is influencing market valuations, with concerns about potential earnings disappointments impacting overall market sentiment [6]

转自：新华财经 新华财经上海10月12日电（葛佳明） 本周（10月6日至11日）由于担忧贸易摩擦加剧，恐慌情绪迅速蔓延，市场出现非典型的避险 反应，美国三大股指集体下挫，美元、黄金和美债均大幅飙升。 美股三大股指多数下跌，主要股指本周均在上周反弹后回落，标普累计跌2.43%，道指累计跌2.73%，纳指累计跌2.53%，罗素2000 指数本周累计跌3.29%。 美国科技股七巨头指数本周累计下跌了2.69%。其中，特斯拉本周下跌3.8%；亚马逊本周下跌逾1.4%；英伟达本周下跌约2.4%； Meta下跌逾0.7%；苹果则本周跌近5%；微软跌约1.2%；Alphabet本周跌逾3.6%。 欧洲股市方面，欧洲斯托克600指数刷新9月30日以来低位，本周下跌1.10%。其中，德国DAX 30指数累计下跌0.56%；法国CAC 40指数同期下跌2.02%；英国富时100指数累计跌0.67%。 亚太市场方面，日本股市整体上行，周中创下历史新高，本周日经225指数累计上涨5.07%，报48088.8；韩国KOSPI指数全周累计 上涨1.73%，报3610.6；印度SENSEX30指数全周累计涨1.59%，报82500.82。 ...

Group 1 - Jim Rogers, a legendary investor, has liquidated all his U.S. stocks, predicting the largest economic crisis he has ever seen in the U.S. [1] - Many prominent figures in the U.S. financial sector, including Warren Buffett, are expressing pessimism about the U.S. economy and the dollar [1] - JP Morgan and other institutions indicate that while the U.S. stock market appears to be in a "prosperous" phase, most buyers are retail investors, as institutional investors have begun to withdraw their funds, highlighting a "bubble" in the market [1] Group 2 - Trump is pressuring the Federal Reserve to lower interest rates, but such a move could worsen the situation, potentially driving funds into China, which is seen as a stable market [3] - The U.S. previously attempted aggressive rate hikes to "burst" China's economy but has since stopped these hikes due to their own economic pressures [3] - U.S. plans to invest in Japan to prevent capital from flowing to China have been complicated by Trump's pressure on Japan to reach trade agreements [3]