A股三大股指开盘涨跌不一，沪指涨0.06%，创业板指跌0.45%。盘面上，脑机接口、锂矿、人形机器人 板块涨幅居前，通信设备、商业航天、军工板块跌幅靠前。 德邦证券表示，展望后续，当前人民币兑美元仍旧保持上行趋势，A股市场春季行情有望逐步展开，预 期A股市场未来或仍将延续震荡慢牛走势。针对近期的市场传闻，宇树科技回应其上市过程仍在正常推 进中，而美国对委内瑞拉的军事行动也进一步提升了原油的资源品的重要性。市场仍处于科技成长叠加 资源周期震荡上行趋势，建议持续关注商业航天、人工智能、机器人等相关科技领域，此外，石油石 化、有色金属等周期板块未来或有持续表现。 东方证券：沪指攻克四千点 市场延续震荡攀升趋势不变 东方证券认为，早盘亚太市场全线发力，MSCI新兴市场指数涨1.1%，超过此前历史收盘纪录，A股也 不示弱，沪综指12连阳重新站上4000点大关。整体来看，假期期间港股市场与人民币汇率走强有助于提 振投资者信心，市场延续震荡攀升趋势不变，新质产业的政策预期与商业化突破将继续引领资金加大流 入商业航天、AI、脑机接口、核聚变等众多新兴产业，将有助于提升市场风险偏好，继续引领结构化 投资热点。 本文转载自"腾讯 ...

Core Insights - VisionSys AI (VSA) shares have experienced a significant decline of over 77% due to a registered direct offering of shares [1] - The firm expects to raise approximately $12 million from the share sale, with no specified use for the proceeds [2] - VSA's share price has dropped to $0.24, marking an 88% decline over five days and the lowest price since January [2] Company Developments - In October, VisionSys shares fell around 40% following the announcement of plans to create a Solana treasury valued at up to $2 billion, initially targeting $500 million in SOL within six months [3] - There is uncertainty regarding the pursuit of the Solana treasury goal, as no SOL purchases have been reported [3] - The treasury was intended to be funded through a diversified model combining structured financing and equity, alongside a partnership with Marinade Finance [4] Market Position - If successful, VisionSys would become the largest publicly traded holder of Solana, surpassing Forward Industries, which manages over 6.8 million SOL valued at more than $1 billion [5] - The company's recent SEC filing indicates the resignation of Shaoyun Han, the Chairman of the board, for personal reasons [5] Industry Context - Solana has seen a decline of over 6% in the last 24 hours, currently trading at $153, and is nearly 48% off its all-time high of $293.31 [6] - Predictions suggest a low probability (10%) for Solana to reach a new all-time high before the end of the year [6]