Market Performance - The A-share market saw all three major indices rise, with the ChiNext Index increasing by over 3% and the Shenzhen Component Index rising nearly 1% [2] - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan, marking the 97th consecutive trading day above this threshold [2] - The Hang Seng Technology Index surged nearly 4%, while both the Hang Seng Index and the Hang Seng China Enterprises Index rose over 2% [2][3] Economic Indicators - China's GDP grew by 1.1% quarter-on-quarter in Q3, exceeding expectations, while the year-on-year growth rate was 4.8%, maintaining a leading position among major global economies [7] - The industrial added value for large-scale enterprises increased by 6.5% year-on-year, also surpassing market predictions [7] - Despite the positive economic indicators, the real estate sector continues to be a significant drag on the economy, with ongoing declines in housing prices [7] International Relations - Recent positive signals in China-U.S. trade relations were noted, with discussions between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen indicating a willingness to hold new trade talks [6][7] - This development is seen as a major breakthrough in alleviating recent trade tensions, boosting global market confidence [7] Japanese Market Dynamics - The Nikkei 225 index reached a historic high, surpassing 49,000 points for the first time, with an intraday increase of 3% [10] - Analysts suggest that the new leadership under Sanae Takaichi, who is expected to favor monetary easing and fiscal expansion, could further support the Japanese stock market [13][14] - Foreign investors, who had paused stock purchases, are reportedly re-entering the market, contributing to the upward momentum [14]

同时，与高市早苗政策相关的"主题股"在弥补了此前的跌幅后，也显现出后继乏力的迹象。 "高市早苗行情"正在降温。 本周伊始，高市早苗胜选后，日经225指数一度大幅上涨超4%，创下数月来最大单日涨幅，但随后几日上涨动力渐歇进入整盘阶 段。 据追风交易台消息，野村证券10月9日发布的报告指出，高市早苗胜选后，市场涨势的核心驱动力来自对财政扩张的预期，而非货 币宽松。这场"高市行情"能否持续，其关键变量并非经济政策本身，而是新政府能否维持高位支持率和政治稳定，否则历史性的反 转模式可能重演。 市场动态反映出投资者的谨慎态度。商品投资顾问（CTA）等投机性投资者在日股的多头仓位已超过2万亿日元，进一步增持的空 间受限，目前已转入"待命模式"。宏观对冲基金也暂停了增持日股的步伐，显示出短期内市场的增量资金可能有限。 野村的报告强调，未来走势的分水岭在于政治层面。如果新任领导人高市早苗能够组建稳定政府并维持高支持率，相关股票可能在 海外投资者的推动下维持上涨势头；反之，若政局不稳，则这些股票很可能重现历史上的反转模式，尤其是高波动性股票。 期望退潮，涨势或难为继 "高市行情"的初步动力正面临消退的风险。野村分析师Yoshi ...