能源股全线走低，埃克森美孚跌近1%，雪佛龙跌超1%，康菲石油跌近2%，斯伦贝谢跌超2%，西方石 油跌逾1%。 中概股多数下跌，纳斯达克中国金龙指数跌2.03%。禾赛科技跌超7%，小鹏汽车跌超5%，蔚来跌超 5%，小马智行跌逾5%，好未来跌超4%，阿特斯太阳能涨超11%，涂鸦智能涨逾4%，哔哩哔哩涨近 3%，晶科能源涨近2%，名创优品涨超1%。 消息方面，据路透社报道，纽约联储主席威廉姆斯(John Williams)在接受媒体采访时表示，鉴于就业市 场有进一步放缓的风险，他支持今年进一步降息。美联储下一次政策会议定于10月28日至29日举行，金 融市场预计美联储将再次降息25个基点。 欧洲股市：欧洲三大股指9日涨跌不一。英国伦敦股市《金融时报》100种股票平均价格指数报收于 9509.40点，较前一交易日下跌39.47点，跌幅为0.41%；法国巴黎股市CAC40指数报收于8041.36点，较 前一交易日下跌18.77点，跌幅为0.23%；德国法兰克福股市DAX指数报收于24611.25点，较前一交易日 上涨14.12点，涨幅为0.06%。 美股三大股指周四（9日）集体收跌，纳指、标普500指数创盘中历史新高后 ...

Market Overview - After the National Day holiday, A-shares resumed trading, and southbound funds returned, with Hong Kong's three major indices showing mixed results. The Hang Seng Index fell by 0.29% to 26,752.59 points, with a total turnover of HKD 38.68 billion [1] - CITIC Securities believes that the Hong Kong market benefits from a complete domestic AI industry chain and the increasing number of quality A-share companies listing in Hong Kong. The firm expects the long bull market that began in early 2024 to continue despite short-term geopolitical and trade uncertainties [1] Blue Chip Performance - HSBC Holdings led blue-chip stocks, rising by 25.88% to HKD 149.8, contributing 36.11 points to the Hang Seng Index. HSBC announced plans to privatize Hang Seng Bank at a price of HKD 155 per share, a 30% premium over the previous closing price [2] - Other notable blue-chip movements included Lenovo Group up 7.26%, Zijin Mining up 5.43%, while China Biologic Products fell by 7.49% and SMIC dropped by 6.7% [2] Sector Highlights - Large technology stocks showed mixed results, with Kuaishou rising over 3% and Alibaba falling over 2%. Precious metals saw significant gains during the holiday, with gold, silver, copper, and aluminum prices rising sharply [3][4] - The AI sector experienced varied performance, with Lenovo and Bilibili seeing gains, while Alibaba faced a decline. The recent acceleration in AI investments and applications is expected to strengthen the narrative around the sector [4][5] Notable Stocks - Shanghai Electric surged by 17.4% after achieving a key breakthrough in nuclear fusion technology, positioning itself as a leader in this field [7] - Goldwind Technology rose by 8.43%, benefiting from its role in promoting green energy transitions [8] - Jinli Permanent Magnet reached a new high, increasing by 8.67%, following announcements of export controls on rare earth-related items by the Ministry of Commerce [9] - HSBC Holdings faced pressure, dropping by 5.97%, amid its announcement regarding the privatization of Hang Seng Bank [10]

港股三大指数盘初探底后快速回升转涨，截止午盘，恒生指数微幅上涨0.04%，国企指数、恒生科技指 数分别上涨0.52%及0.63%，三者终结此前3日连跌行情。 盘面上，大型科技股涨跌各异，其中，快手涨1.69%，美团、京东、百度飘红，阿里巴巴、网易、小 米、腾讯小幅下跌；供给短缺+算力革命助推铜价上涨，铜矿股引领有色金属股上涨，中国大冶有色金 属飙涨近20%领衔，江西铜业涨超11%，中国有色矿业涨8%；香港本地银行股大涨，汇丰亚太拟以协议 安排方式将公司私有化，恒生银行盘中飙升41%创历史新高；多股涉矿产资源，高铁基建股大幅拉升， 中国中铁一度涨超10%表现最佳；机构称关注Q4低基数下供需修复，航空股集体回暖，中国东方航空 大涨近10%，风电股、芯片股、电信股、石油股、物管股纷纷上涨。 另一方面，药品类股全线下挫，诺诚健华、四环医药、信达生物领跌创新药概念股，国庆票房不佳，影 视股集体下挫，汽车股多数走低。(格隆汇) ...

1. Report Industry Investment Rating There is no information provided regarding the report industry investment rating in the given content. 2. Core Views of the Report - The Fed may further ease monetary policy this year, which has an impact on various financial and commodity markets [1][11]. - During the National Day holiday, the cross - regional passenger flow in China increased by 6.2% year - on - year, and Chinese equity assets rose slightly but underperformed globally [2]. - The supply side is the key factor affecting the price trends of various commodities, and different commodities face different supply and demand situations [3][4][5]. 3. Summary by Relevant Catalogs 3.1 Financial News and Reviews 3.1.1 Macro Strategy (Gold) - Trump announced that Israel and Hamas signed the first phase of the peace plan, and the Fed's meeting minutes indicated that further easing might be appropriate this year [10][11]. - Gold prices rose to a record high of $4059 and then fell back, increasing by about 5% during the holiday due to risk - aversion sentiment. Short - term, the positive factors are fully priced, and there is a risk of a pullback [11]. - Investment advice: Be cautious of the risk of a decline due to long - position profit - taking after the price hits a new high [12]. 3.1.2 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - Macron plans to appoint a new prime minister, Trump said Israel and Hamas reached an agreement on hostage release and troop withdrawal, and the Fed's interest - rate meeting minutes showed internal differences on the number of interest - rate cuts [13][14][15]. - The US dollar index will fluctuate in the short term, and the market's risk appetite continues to rise [16][17]. - Investment advice: The US dollar index will remain volatile in the short term [18]. 3.1.3 Macro Strategy (US Stock Index Futures) - Meta and Apple are about to reach a settlement with the EU Commission on antitrust cases, and the US Senate rejected the bipartisan temporary appropriation bill again [19][20]. - The Fed's meeting minutes showed internal differences among officials, but the market's optimistic sentiment towards AI and interest - rate cuts remains high, and the market is expected to remain strong [21]. - Investment advice: The US stock market is expected to maintain a strong trend after a small adjustment [22]. 3.1.4 Macro Strategy (Stock Index Futures) - China's Ambassador to the US called for expanding China - US cooperation, and the cross - regional passenger flow during the National Day holiday increased by 6.2% year - on - year [23][24]. - Chinese equity assets rose slightly during the holiday but underperformed globally. The market is still in a structural pattern, and the rhythm is more important than the position [25][26]. - Investment advice: The market is in a structural pattern, and rhythm is more important than position [26]. 3.1.5 Macro Strategy (Treasury Bond Futures) - The manufacturing PMI in September was 49.8%, and the central bank conducted a 7 - day reverse repurchase operation of 2422 billion yuan [27][28]. - The bond market is expected to fluctuate in the first half of October and may strengthen after the 14th Five - Year Plan policies are implemented [28]. - Investment advice: The bond market is expected to fluctuate and bottom out in the short term. Short - term trading should be cautious, and medium - term long positions can be considered on dips [28]. 3.2 Commodity News and Reviews 3.2.1 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - Indonesia is about to start the B50 road test [29]. - During the holiday, Malaysian palm oil led the rise in the overseas oil market. The market predicts that Malaysia's palm oil inventory will decline slightly in September [30]. - Investment advice: The domestic market is expected to make up for the rise after the holiday, but be cautious of a pullback after a high opening. In the long - term, go long after the clear signal of production reduction in the producing areas in the fourth quarter [30]. 3.2.2 Black Metals (Steam Coal) - The safety inspection in the Ordos steam coal market remains strict, and the coal price is expected to remain weak seasonally in October [31]. - Investment advice: The coal price is expected to remain weak in October, and pay attention to the policy game after the long - term agreement price [31]. 3.2.3 Black Metals (Iron Ore) - Japan's Nippon Steel and Champion Iron are promoting the Kami iron ore project [32]. - During the holiday, the iron ore price fluctuated narrowly around $104. The downstream finished - product market was weak, and the iron ore price is expected to continue to fluctuate narrowly [32][33]. - Investment advice: The iron ore price is expected to continue to fluctuate narrowly [33]. 3.2.4 Agricultural Products (Soybean Meal) - In September, China's soybean imports and crushing volume decreased month - on - month, and the US soybean old - crop inventory as of September 1 was lower than expected [34][35]. - The Brazilian soybean sowing progress reached 8.2% as of October 4. The CBOT soybean price rose slightly during the holiday. The US government shutdown suspended the release of relevant reports [37]. - Investment advice: The soybean meal price is expected to fluctuate temporarily, and Sino - US relations are the main influencing factor [37]. 3.2.5 Black Metals (Rebar/Hot - Rolled Coil) - The EU plans to impose a 50% tariff on steel imports outside the quota [40]. - During the holiday, the overseas metal prices rose slightly, and the steel price is expected to rise slightly after the holiday, but the inventory accumulation during the holiday will suppress the spot price. Pay attention to the terminal demand [40]. - Investment advice: Treat the market with a range - bound mindset after the holiday and pay attention to the demand intensity [41]. 3.2.6 Agricultural Products (Red Dates) - The red date price in the Guangzhou Ruyifang market was stable, and the futures price of the main contract CJ601 fell [42]. - The supply in Xinjiang is normal, and the demand in the north - south distribution areas is stable. The new - season output and old - crop inventory are still being debated [42]. - Investment advice: Hold a wait - and - see attitude or conduct short - term operations in the short term, and pay attention to the fruit development in the producing areas and downstream consumption [42]. 3.2.7 Non - Ferrous Metals (Copper) - The ICSG predicts that the global copper mine production will increase by 1.4% in 2025 and 2.3% in 2026, and there will be a supply surplus in 2025 and a shortage in 2026 [43][44]. - Teck Resources lowered its copper production forecast for its Chilean flagship mine, and Aurubis raised the European copper premium for 2026 [45][46]. - Investment advice: Adopt a long - position strategy unilaterally, and pay attention to the domestic - foreign positive arbitrage [47]. 3.2.8 Non - Ferrous Metals (Lead) - The resumption of production of a small lead - zinc mine in Fujian was postponed to the end of October [48]. - The supply of lead has improved, and the demand is stable. The Shanghai lead price may fluctuate upward [50]. - Investment advice: Go long on dips unilaterally and pay attention to the positive arbitrage of the monthly spread [50]. 3.2.9 Non - Ferrous Metals (Zinc) - 29Metals withdrew its zinc production guidance due to an earthquake, and the resumption of production of a small lead - zinc mine in Fujian was postponed to the end of October [51][52]. - The LME zinc price is supported, and the domestic zinc export window may open. The inventory is expected to rise after the holiday [53]. - Investment advice: Adopt a wait - and - see attitude unilaterally, and pay attention to the medium - term positive arbitrage opportunity brought by the opening of the export window [53]. 3.2.10 Non - Ferrous Metals (Polysilicon) - The expansion project of Xinjiang Dongfang Hope New Energy Co., Ltd.'s polysilicon plant is under environmental protection acceptance [54][55]. - The polysilicon price may remain flat, and the component price is expected to fluctuate in the short term [55][56]. - Investment advice: The market may fluctuate widely between 49,000 - 55,000 yuan/ton in October. Pay attention to the range - bound operation opportunities [57]. 3.2.11 Non - Ferrous Metals (Industrial Silicon) - The SASAC called for抵制 "involution - style" competition [58]. - The inventory of industrial silicon is expected to accumulate slightly in September - October and decrease slightly in November - December [59]. - Investment advice: It is more cost - effective to go long on dips, but be cautious when chasing the price [59]. 3.2.12 Non - Ferrous Metals (Nickel) - Indonesia will re - implement the annual RKAB system in 2026 [60]. - During the holiday, the LME nickel price was strong. The nickel ore price is expected to rise, and the nickel iron and intermediate product prices are expected to remain strong, but the refined nickel inventory is under pressure [61]. - Investment advice: Conduct range - bound trading in the short term, and go long at low levels from a configuration perspective [62]. 3.2.13 Energy and Chemicals (Liquefied Petroleum Gas) - Saudi Arabia's October CP official prices fell, and the US C3 inventory decreased [63][64]. - The PG price is expected to be easy to rise and difficult to fall in the short term. Pay attention to the start - stop changes of PDH plants after the import cost drops [64]. - Investment advice: Pay attention to the start - stop changes of PDH plants after the import cost drops [64]. 3.2.14 Energy and Chemicals (Crude Oil) - Russia will gradually increase oil production, and the US EIA crude oil inventory increased [65][66]. - International oil prices rebounded after falling during the holiday. The release of supply by oil - producing countries is the key factor affecting the price [66]. - Investment advice: The decline of oil prices depends on whether the supply of oil - producing countries can be effectively released [67]. 3.2.15 Energy and Chemicals (Bottle Chips) - The export prices of bottle chip factories were mostly stable, with some slight decreases [68][69]. - The polyester raw material prices fell, and the bottle chip prices were under pressure. The demand is expected to be weak in the long term [70]. - Investment advice: The absolute price of bottle chips is at a low level, and the inventory of factories has decreased. Pay attention to the sustainability of production cuts and new capacity launches [70]. 3.2.16 Shipping Index (Container Freight Rate) - Maersk said that the freight volume from China to Latin America and Africa has increased [71]. - During the National Day holiday, the spot index fell below 1050, and the short - term market may be weak. Pay attention to the low - buying opportunities after the over - decline of the 12 - contract [71]. - Investment advice: Pay attention to the low - buying opportunities after the over - decline of the 12 - contract [72].

"双节"假期期间中概股表现出色，科技股再次成为海外投资者关注的重点。港股恒生指数和恒生科技指 数同样在长假期间创下5年新高。外资机构表示，全球投资者对中国资产的兴趣明显增加。 "长假过去，黄金一克涨了38元！" 国庆中秋长假期间，国际金价的表现尤为抢眼，纽约期金历史首次突破每盎司4000美元整数大关，年内 大涨逾50%。10月8日，伦敦现货黄金价格也首次站上每盎司4000美元整数关口。 国庆中秋长假，黄金消费市场也迎来小高潮。证券时报记者走访深圳水贝市场和多家品牌金饰门店发 现，国际金价强势上行的影响迅速传导至消费端，品牌金饰的"一口价"产品成为热销品种。 国庆中秋长假初期，证券时报记者走访深圳水贝市场发现，金饰价格已经达到每克888元。与此对比的 是，9月初水贝市场的金饰价格在每克796元左右。而到了10月8日，水贝市场的金饰价格已经攀升到每 克926元。 "我们也没想到金价越涨越高。"一位水贝市场金饰柜台的负责人表示，"留深和来深过节的人越来越 多，最近几天来买黄金的顾客就有不少是来深旅游的外地游客，每年9月、10月是传统婚庆旺季，也是 婚庆金饰购买的高峰期，婚庆金饰是'刚需'，而且大多数消费者都是买涨不 ...

想想看，美国人平均每年消费接近18万亿美元，这占他们全国经济活动的70%。全球工厂得盯着美国市场调生产计划，因为他们的订单一来，就能消化掉海 量产品。像摩根斯坦利的报告就指出，2025年美国消费增长预计放缓到3.7%，但比起前几年5.7%的速度，还是挺稳的。失业率低，工资涨了点，消费者信 心指数在2025年第一季度还保持乐观。结果呢？全球经济体，尤其是出口型国家，得靠美国人买单来维持增长。要是没有这个消费力，很多地方的工厂得关 门大吉。 现在到处都能听到说美国经济要完蛋的声音，尤其是咱们国家发展快了以后，总觉得美国那边不行了。贸易赤字年年扩大，债务堆得像山一样，制造业外流 严重，还有各种政策乱七八糟的变动。表面上看确实有点衰落的意思，但你仔细挖挖数据，会发现事情没那么简单。美国经济底子厚着呢，好几个硬指标还 牢牢握在手里，让全球经济都得跟着它的节奏走。 先说第一个真相：美国老百姓的消费劲头，简直是全球经济的发动机。别小看他们那3亿多人，花起钱来能拉动全世界工厂转起来。2025年上半年，美国个 人消费支出占了国内生产总值的68%左右，实际增长率还有2.1%。这数字啥意思？就是说，美国人买东西的钱，直接支撑了全球 ...

石油石化股方面，中国石油化工股份无升跌，收报4.08港元；中国石油股份涨0.42%，收报7.15港 元；中国海洋石油跌1.39%，收报18.5港元。 【纠错】 【责任编辑:刘子丫】 新华社香港10月8日电 香港恒生指数8日跌128.31点，跌幅0.48%，收报26829.46点。全日主板成交 1738.03亿港元。 中资金融股方面，中国银行跌0.95%，收报4.16港元；建设银行跌0.14%，收报7.28港元；工商银行 跌1.06%，收报5.6港元；中国平安跌0.94%，收报52.75港元；中国人寿跌0.37%，收报21.78港元。 国企指数跌49.51点，收报9523.87点，跌幅0.52%。恒生科技指数跌36.11点，收报6514.19点，跌幅 0.55%。 蓝筹股方面，腾讯控股跌0.37%，收报675港元；香港交易所跌0.76%，收报445港元；中国移动跌 0.78%，收报83.2港元；汇丰控股跌0.27%，收报110.6港元。 香港本地股方面，长实集团涨1.39%，收报37.96港元；新鸿基地产涨1.23%，收报94.35港元；恒基 地产跌0.22%，收报27.1港元。 ...

航空股集体走低，中国南方航空跌超5%，中国东方航空跌超4%；苹果概念股普跌，蓝思科技、丘钛科 技跌超4%。(格隆汇) 科网股涨跌不一，京东健康涨超2%，网易涨超1%，商汤跌超4%，百度、阿里巴巴跌超3%。现货黄金 突破4000美元大关再创新高，黄金股大涨，赤峰黄金涨超14%，山东黄金涨超7%，紫金黄金国际涨近 6%，盘中均创新高。中国科学院金属研究所团队在固态锂电池领域取得突破，锂电池概念股普涨，赣 锋锂业涨超3%，天齐锂业、中创新航涨超2%。电力设备股走强，东北电气涨超8%，上海电气、哈尔滨 电气涨超4%。 格隆汇10月8日｜港股三大指数齐跌，截至午间收盘，恒生指数跌1.07%报26669.99点，国企指数跌 1.04%，恒生科技指数跌1.09%。 ...

Market Overview - The Hong Kong stock market continues its strong performance, with the Hang Seng Index closing up by 1.18% after a day of fluctuations [1] - The Hang Seng Property Index led the gains, followed by a strong rebound in the Hang Seng Technology Index [1] Index Performance - The Hang Seng Property Index rose by 3.05%, closing at 1326.31, with a peak of 1335.69 during the day [2] - The Hang Seng Technology Index increased by 2.48%, closing at 3626.93, reaching a high of 3638.23 [2] - The Hang Seng Industrial Index saw a rise of 1.98%, closing at 9943.00, with a maximum of 9962.75 [2] - The Hang Seng ESG Index increased by 1.46%, closing at 3572.74, with a high of 3579.05 [2] - The Hang Seng Index closed at 17978.57, up by 1.18%, with a peak of 18017.76 [2] Notable Stocks - In the property sector, Country Garden surged by 5.73%, while Longfor Group and Beike both rose by 3.47% [2] - In the technology sector, SenseTime experienced a significant increase of 17.39%, with other notable gains from Oriental Selection (6.68%) and Li Auto (5.35%) [3] - The industrial sector saw Sands China rise by 5.09%, and Shenzhou International increase by 3.45% [3] Banking Sector - The Hang Seng Banking Index experienced a sharp decline, closing down by 1.96%, with China Merchants Bank falling by 2.01% [3]

Group 1 - The core market performance shows that all three major US stock indices closed higher, with the Dow Jones up by 0.18%, the Nasdaq up by 0.3%, and the S&P 500 up by 0.41% [1] - Pfizer's stock rose over 6% following an agreement with the US government regarding drug pricing [1] - Nvidia's stock increased by over 2%, while Amazon and Meta saw declines of over 1%, and Eli Lilly's stock rose nearly 5% [1]