智通财经APP获悉，黄金股跌幅居前，截至发稿，紫金黄金国际(02259)跌5.28%，报140港元；珠峰黄 金(01815)跌5.24%，报1.99港元；中国白银集团(00815)跌4.94%，报0.77港元；赤峰黄金(06693)跌 4.16%，报30.4港元；山东黄金(01787)跌2.8%，报36.84港元。 消息面上，近期金价走势剧烈波动，在4379美元历史新高后急速回落，单日最大跌幅达194美元，最低 触及4185美元。据报道，10月17日，乌克兰总统会见美国总统，泽连斯基称愿意接受双边或三边会谈， 特朗普称俄乌冲突应结束。特朗普即将与普京在匈牙利布达佩斯的会面。此外，10月18日中美经贸谈判 双方牵头人同意尽快举行新一轮中美经贸磋商，有利于降低短期市场的避险情绪。 ...

10月20日，湖南黄金跌5.16%，截至发稿，报21.68元/股，成交4.21亿元，换手率1.23%，总市值338.78 亿元。 资料显示，湖南黄金股份有限公司位于湖南省长沙经济技术开发区人民东路二段217号14楼，成立日期 2000年12月26日，上市日期2007年8月16日，公司主营业务涉及黄金及锑、钨等有色金属矿山的开采、 选矿,金锑钨等有色金属的冶炼及加工,黄金、精锑的深加工及有色金属矿产品的进出口业务等。主营业 务收入构成为：黄金94.68%，氧化锑2.09%，精锑1.53%，含量锑0.63%，其他0.43%，乙二醇锑0.42%， 钨品0.24%。 国泰中证沪深港黄金产业股票ETF（517400）基金经理为麻绎文。 截至发稿，麻绎文累计任职时间2年75天，现任基金资产总规模68.94亿元，任职期间最佳基金回报 80.7%， 任职期间最差基金回报-10.46%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，国 ...

10月20日，湖南黄金跌5.16%，截至发稿，报21.68元/股，成交4.21亿元，换手率1.23%，总市值338.78 亿元。 资料显示，湖南黄金股份有限公司位于湖南省长沙经济技术开发区人民东路二段217号14楼，成立日期 2000年12月26日，上市日期2007年8月16日，公司主营业务涉及黄金及锑、钨等有色金属矿山的开采、 选矿,金锑钨等有色金属的冶炼及加工,黄金、精锑的深加工及有色金属矿产品的进出口业务等。主营业 务收入构成为：黄金94.68%，氧化锑2.09%，精锑1.53%，含量锑0.63%，其他0.43%，乙二醇锑0.42%， 钨品0.24%。 中泰中证500指数增强A（008112）成立日期2019年12月11日，最新规模1892.86万。今年以来收益 19.13%，同类排名2427/4218；近一年收益24.21%，同类排名2197/3865；成立以来收益50.59%。 中泰中证500指数增强A（008112）基金经理为邹巍。 从基金十大重仓股角度 数据显示，中泰证券资管旗下1只基金重仓湖南黄金。中泰中证500指数增强A（008112）二季度持有股 数2.56万股，占基金净值比例为0.77% ...

截至发稿，珠峰黄金(01815.HK)跌8.10%、赤峰黄金(06693.HK)跌5.36%、紫金黄金国际(02259.HK)跌 4.74%。 ...

10月20日，恒邦股份盘中下跌5.95%，截至09:35，报13.90元/股，成交1.59亿元，换手率1.25%，总市值 159.59亿元。 资金流向方面，主力资金净流出372.34万元，特大单买入418.51万元，占比2.63%，卖出962.82万元，占 比6.05%；大单买入2373.60万元，占比14.91%，卖出2201.64万元，占比13.83%。 恒邦股份今年以来股价涨39.57%，近5个交易日跌11.46%，近20日跌6.59%，近60日涨16.51%。 分红方面，恒邦股份A股上市后累计派现7.60亿元。近三年，累计派现3.17亿元。 机构持仓方面，截止2025年6月30日，恒邦股份十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股999.74万股，相比上期减少92.64万股。南方中证1000ETF（512100）位居第十大流通股 东，持股530.12万股，为新进股东。前海开源金银珠宝混合A（001302）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，山东恒邦冶炼股份有限公司位于山东省烟台市牟平区水道镇金政街11号，成立日期1994年2 月18日，上市日期2008年5月20日 ...

每经AI快讯，10月20日，A股黄金概念股多数低开，湖南白银以跌停价开盘，莱绅通灵跌超9%，西部 黄金、招金黄金、晓程科技跌幅居前。 （文章来源：每日经济新闻） ...

基金三季报披露拉开帷幕 权益类规模增长 债券型稳中求变 基金三季报披露日前正式拉开帷幕。截至10月17日记者发稿，华富基金、中银基金、东财基金旗下4只 公募产品成为首批2025年三季报的披露者。整体来看，在三季度A股市场的强势表现下，权益类基金回 报率亮眼，规模随之"水涨船高"；债市承压背景下，债券型基金在资产配置上力求控制波动、维持收益 稳健。（经济参考报） 追求长期业绩口碑 新发基金规模主动"限高" 电话卡作为通信技术的关键载体，随着人类通信技术的不断迭代发展，曾经历过磁卡、IC卡及当下普及 的SIM卡时代，如今，随着eSIM（嵌入式SIM或电子化SIM）技术的不断成熟，国内eSIM业务首次商用 于手机领域，手机等终端"无卡"时代渐行渐近。多位专业人士对证券时报记者表示，eSIM卡具有转网 灵活、可节省设备空间及支持多设备多场景无缝切换互联等优势，短期将与实体SIM卡共存，但长期来 看，"无卡化"趋势已不可逆转，预计将分阶段取代实体SIM卡，当前仍需警惕其安全风险，尽快完善行 业标准、建立统一适配生态。（证券时报） 金价上涨后50克金条订单被拦截 在某平台买了金条，第二天发现黄金涨价去看物流，发现已经从北 ...

特朗普称对华加征100%关税不可持续，美股上周五收涨。港股三大指数今日大幅高开，恒指涨2.52%上 扬超600点，国指涨2.81%，恒生科技指数涨3.9%有望重回6000点大关，均止步连跌行情。盘面上，大 型科技股集体走强，其中，网易涨6.4%，百度、京东、阿里巴巴涨5%，美团涨超3%，腾讯、小米涨超 2%；内险股集体上涨，料首三季多赚50%-70%，中国人寿涨超6%领衔，中国财险、新华保险、中国太 保均涨超3%；机器人概念股、生物医药股、苹果概念股、汽车股、家电股、半导体股纷纷上涨，其 中，鸿腾精密涨4.4%，零跑汽车涨4.3%，中芯国际涨3.6%，另一方面，现货黄金跌破4220美元/盎司， 紫金黄金国际跌近4%，山东黄金、赤峰黄金跌2%，电力股、啤酒股部分走低。(格隆汇) ...

Market Overview - The market has shown volatility, with significant declines in major indices and stocks over the past two weeks, including a drop of over 13% in the Ample Hang Seng Technology Index and over 14% in the Hang Seng Biotechnology Index [1] - Notable declines in individual stocks include Tencent, which fell nearly 80 yuan, and SMIC, which dropped over 26% [1] - Despite a rise in gold prices by over $150, gold stocks like Zijin Mining and Shandong Gold experienced weekly declines [1] Financial Data Insights - As of the end of September, M2 growth was at 8.4% and M1 growth at 7.2%, indicating enhanced liquidity and economic activity [2] - PMI has been below 50 for six consecutive months, suggesting weak production expansion intentions among enterprises [2] - A significant increase in household deposits by 760 billion yuan in September indicates a shift towards saving rather than investing in the stock market [2] Corporate Developments - In the U.S. market, AI-related developments dominated headlines, with OpenAI partnering with Broadcom for AI chips and Apple launching the M5 chip [5] - Oracle Cloud plans to deploy 50,000 AMD chips, and Nvidia announced a $40 billion acquisition of Aligned, marking significant corporate activity in the AI sector [5] - Major investment banks reported substantial increases in fee income, with Goldman Sachs seeing a 42% rise, driven by a surge in merger and acquisition activity [5] IPO and New Listings - Recent IPOs in Hong Kong showed strong initial performance, with companies like Zhida Technology and Xuanzhu Biotechnology seeing significant gains in their dark pool trading [6] - However, some listings faced challenges, such as delays and underperformance, indicating a mixed sentiment in the IPO market [6] Historical Context and Investment Strategy - Historical analysis of the Persian Wars highlights the importance of strategic decision-making in both warfare and investment, emphasizing the need for calculated risks and emotional balance [9][10] - The current market environment suggests that maintaining a balanced investment approach, with a reserve of cash for opportunities, is prudent [11][12]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The market is influenced by various factors such as international trade policies, monetary policies, and supply - demand relationships in different industries. The A - share market is in a phase of high - level adjustment, but the medium - term trend remains unchanged. The price trends of different commodities show differences based on their own supply - demand fundamentals [5][6][19][20] - For different commodity futures, specific trading strategies are proposed according to their price trends and fundamental analysis, including short - term selling on rallies, long - term buying on dips, and range - bound trading [9][10][11][13][15] 3. Summary by Relevant Catalogs 3.1 Chemical Industry - On October 20, 2025, most chemical futures prices rose compared to the previous day. For example, the price of coking coal increased by 49.0 to 1,228.00 with a 4.156% increase; the price of coke increased by 53.50 to 1,729.50 with a 3.192% increase. However, the price of LPG decreased by 101.0 to 4,119.00 with a - 2.393% decrease [3] - For specific products: - Urea: The supply is expected to increase after the maintenance reduction, the demand is weak, the inventory is high, and the price continues to consolidate at a low level. Attention should be paid to the participation in the Indian tender and the off - season storage procurement [10] - Caustic soda: The spot price in Shandong is relatively firm, but the new capacity release and the expected reduction in the alumina industry put pressure on the 2601 contract [10] - Coking coal and coke: The supply of coking coal is stable in the short term, the demand is improving, the second - round price increase of coke has been launched, and the price is expected to fluctuate in a range [10][13] - Logs: The price breaks through the key pressure level, and a bullish strategy can be adopted, but attention should be paid to the inventory pressure [13] - Pulp: The supply - demand is weak, the inventory is at a high level, and it is recommended to wait and see. Pay attention to the support at 5080 - 5100 [13] - Offset printing paper: The supply pressure is increasing, the inventory is rising, and attention should be paid to the support at 4150 [13] - Copper and aluminum: Supported by macro and supply - demand factors, the prices remain high, but macro risks should be watched out for [13][15] - Alumina: The supply is in excess, the 2601 contract is weak, and attention should be paid to the interference of factors such as bauxite [15] - Rebar and hot - rolled coil: The inventory is decreasing, the demand is improving, the steel price has support at a low level, and it is expected to fluctuate in a range [15] - Ferroalloys: The production and consumption of silicon - iron and silicon - manganese change, and the short - term is expected to continue to fluctuate widely [15] - Lithium carbonate: The price breaks through the upper limit of the shock range, and attention should be paid to the pressure at 78000. Be vigilant against the impact of new capacity [15][17] 3.2 Agricultural Products - On October 20, 2025, most agricultural product futures prices showed different degrees of change. For example, the price of No. 2 yellow soybeans increased by 41.0 to 3,608.00 with a 1.149% increase; the price of yellow corn decreased by 3.0 to 2,114.00 with a - 0.142% decrease [3] - For specific products: - Peanuts: The futures price is in a weak shock, the supply is affected by the weather, the demand is weak, and it is recommended to short on rallies. Pay attention to the support at 7900 - 7920 [9] - Sugar: The futures price is slightly rising, the production in Brazil is increasing, the new - season production in the Northern Hemisphere is expected to increase, the domestic inventory is low, and it is recommended to go long lightly near the support at 5400 [9] - Corn: The futures price is falling, the new - grain supply pressure is large, the demand is restricted, and it is recommended to short on rallies. Pay attention to the support at 2100 - 2110 [9] - Live pigs: The national average price is low and fluctuating, the north is rising and the south is falling, and the futures price is expected to weakly rebound [9] - Eggs: The spot price is falling, the supply is sufficient, the demand is average, the futures price is expected to continue to decline, and a calendar spread short strategy is recommended [10] - Cotton: The supply pressure is prominent, the demand is weak, the price is expected to bottom - out and fluctuate, and attention should be paid to the breakthrough at 13300 - 13400 [10] 3.3 Macro News - Trump continues to release easing signals, and the US government is quietly relaxing tariff policies. The Supreme Court will hold a hearing on "reciprocal tariffs" in early November [5] - The only silver futures fund in the market, SDIC UBS Silver Futures, upgrades its purchase limit. Silver prices have reached a record high this year, but there is a risk of correction [5] - At the IMF and World Bank Group annual meeting, there are concerns about the economic outlook, and many business people hope to use Hong Kong as a springboard to explore the mainland and Asian markets [6] - China's central bank's two monetary policy tools for the capital market have effectively boosted market confidence and enhanced market stability in the past year [6] - The price of silver has risen significantly this year, and there is a shortage of silver in some areas [6] - Banks are in the critical stage of the "year - end battle", and some small and medium - sized banks have advanced the "good start" campaign for next year [7] - At the 2025 North Bund International Shipping Forum, innovative achievements in high - end shipping services were released, including the first transformation - finance ship financing lease business [7] 3.4 Stock Index Options and Financial Market - On October 17, the three major A - share indexes declined, the trading volume was less than 2 trillion, and most sectors fell. The futures and options of different stock indexes showed different performance characteristics. Trend investors can pay attention to the strength - weakness arbitrage opportunities, and volatility investors can consider buying straddles or wide - straddles to bet on volatility after the volatility decline [19] - The A - share market is in a high - level adjustment, but the medium - term trend remains unchanged. The price increase logic may be a mid - term investment main line. The market style is currently value - dominant, and the growth style is in a benign adjustment period. It is recommended to buy on dips when the index futures adjust and stabilize [19][20][21]