低开高走后全天震荡上行，截至收盘道指上涨0.31%，纳指上涨0.89%，标指上涨0.58%。盘面上，银 行、科技双双反转，中概股爆发，黄金低开高走。 银行股止跌企稳，其中美国银行上涨1.29%，美国合众银行上涨1.04%，花旗集团、高盛、摩根大通、 摩根士丹利等股均小幅收涨；齐昂银行、联合银行等股逆势小跌。 科技股强势反转，其中英特尔大涨3.36%，特斯拉上涨2.28%，超威公司上涨2.07%，英伟达上涨 1.04%，高通、苹果、谷歌、META等股均小幅收涨；奈飞逆势小跌0.25%。 COMEX黄金低开高走后震荡上行，截至收盘上涨0.28%报4157.3美元/盎司，盘中最低报4121.2美元/盎 司，最高报4157.8美元/盎司。对于黄金，目前是矛盾的，一方面是对高价的恐惧，一方面是趋势。 理财就是一场修行，有人修有人度，结果就是看谁踩准了点，把握住了机会。 中概股高开高走，截至收盘中国金龙上涨1.66%。其中阿里巴巴大涨3.64%，百度上涨2.95%，拼多多上 涨2.48%，腾讯控股上涨2.34%，京东上涨2.22%，小鹏汽车、理想汽车、网易、爱奇艺等多股涨幅均在 1%上方。 ...

Core Viewpoint - The upcoming U.S. CPI data for September is critical, as a higher-than-expected inflation reading could disrupt the prevailing market consensus on interest rate cuts and negatively impact both the stock and bond markets [1][2][3]. Group 1: Market Reactions to CPI Data - The 10-year U.S. Treasury yield, a key benchmark for global asset pricing, may rise significantly if the CPI data exceeds expectations, leading to a potential downturn in global equity and bond markets [3][9]. - Conversely, if the CPI indicates a more favorable inflation outlook, the 10-year Treasury yield could enter a new downward trend, potentially driving global stock markets to new highs [3][4]. - Current market sentiment is cautious, with investors anticipating a 25 basis point rate cut by the Federal Reserve on October 29, but a surprising inflation report could undermine this expectation [2][5]. Group 2: Economic Indicators and Trends - The anticipated CPI report is expected to show a month-over-month increase of 0.4% for overall CPI and 0.3% for core CPI, with year-over-year growth projected at 3.1%, the highest since May 2024 [7]. - Recent trends in oil prices, particularly following sanctions on Russian oil producers, could influence inflation expectations, as rising oil prices may counteract previous declines in retail gasoline prices [8][9]. - The current U.S. inflation rate remains significantly above the Federal Reserve's long-term target of 2%, leading to cautious sentiment among Fed officials regarding further rate cuts [7][9]. Group 3: Investment Strategies and Recommendations - Investment firms are advising caution, with some suggesting to exit long positions in U.S. Treasuries due to potential erosion of profits from the upcoming CPI data [10]. - There is a recommendation to position for potential upward surprises in inflation, indicating a shift in strategy among investors as they navigate the uncertain economic landscape [10].

（文章来源：每日经济新闻） 在供给端，港股科技板块的龙头企业扮演着双重角色。首先，它们是AI技术最积极的应用者，将AI深 度融入其现有的社交、电商、云服务、内容创作等核心业务中，以提升效率、创新产品、重构用户体 验。其次，也是更重要的，它们是整个中国AI产业基础设施的核心建设者。从投入巨资进行前沿的大 模型技术研发，到投资布局和优化配置算力资源，这些公司实际上构筑了中国AI产业发展的坚实底 座。它们的战略动向和资本开支，直接决定了中国AI产业的发展速度和高度。 因此，投资港股科技龙头，在某种程度上就是投资于中国AI产业的"卖水人"和"开路先锋"，其成长动能 与AI产业的整体发展深度绑定。 人工智能浪潮已不再是遥远的未来叙事，而是正在爆发的商业现实，港股科技板块凭借其独特的产业生 态，成为这轮变革的核心受益者。 在需求端，中国的生成式AI用户规模呈现出爆炸式增长，目前已突破5.15亿，在短短半年内实现了翻 番。更值得关注的是，市场调研显示，超过九成的用户将国产大模型作为其首选。这一数据揭示了深刻 的产业趋势：巨大的AI应用市场红利将主要由深耕本土市场、理解中文语境和数据特征的国内科技企 业承接，形成了坚实的"本 ...

格隆汇10月24日｜美股三大指数集体收涨，纳指涨0.89%，标普500指数涨0.58%，道指涨0.31%。大型 科技股多数上涨，英特尔涨超3%，特斯拉涨超2%，亚马逊、英伟达涨超1%，苹果、谷歌、Meta、微 软小幅上涨；奈飞小幅下跌。 ...

Group 1 - The report emphasizes that the upcoming quarter will see renewed market interest in traditional sectors such as coal, banking, and aquaculture, as indicated by the strong performance of the dividend index [5][18] - The Fourth Plenary Session has established AI as a core focus for the technology sector, alongside military-related themes, which are expected to dominate the market for the next five years [5][10] - The report suggests that the technology sector's high absorption rate and volatility will make it difficult to achieve excess returns, while sectors like coal, banking, and nuclear power are expected to perform well in the fourth quarter [5][18] Group 2 - The report predicts that the bond market will stabilize in the short term but will continue to decline in the long term, with a target near the low point from September 30, 2024 [4][15] - The A-share market is expected to focus on traditional sectors in the upcoming quarter, while the technology sector will be monitored for a potential decrease in absorption rates [10][18] - The report highlights that the U.S. stock market is likely to perform strongly due to anticipated favorable earnings reports, although it may experience low volatility leading up to key meetings [6][23] Group 3 - The report indicates that the onshore RMB has shown strength against the USD, with the central bank guiding the midpoint lower, while the dollar is expected to maintain a strong performance [7][27] - The euro is projected to continue its decline against the dollar, influenced by factors such as Germany's fiscal restructuring narrative and the euro's overvaluation impacting export competitiveness [8][27] - The commodity market is experiencing a positive trend, particularly in oil and new energy sectors, with several domestic commodities showing signs of recovery [8][32]

Major Events - Minglue Technology (02718) plans to offer 7.219 million Class A shares globally from October 23 to October 28, with cornerstone subscriptions amounting to $59 million [1] - Wisco Properties (00230) received a privatization offer from Wisco Hong Kong at a premium of approximately 104.08%, with trading resuming on October 24 [1] - Junyu Foundation (01757) was acquired by China Venture Capital Holdings for 75% of its shares at a discount of about 79.06%, with trading resuming on October 24 [1] - Kangda Foods (00834) was acquired by Gaosi Shi for approximately 54.69% of the company’s shares at a premium of about 16.23%, with trading resuming on October 24 [1] - Hutchison China MediTech (00013) presented data on HMPL-A251 at the AACR-NCI-EORTC International Conference on Molecular Targeted and Cancer Therapeutics [1] - Giant Bio (02367) received a medical device registration certificate for its Type I α1 collagen lyophilized fiber product [1] - Yiming Anke-B (01541) completed the first patient dosing in the Phase IB/II clinical trial of IMM2510 combined with IMM01 [1] - Heng Rui Medicine (01276) received approval to conduct clinical trials for injection of Rikan Trastuzumab [1] - Hansoh Pharmaceutical (03692) had its application for HS-10365 capsule marketing approval accepted by the National Medical Products Administration [1] - Baixin An-B (02185) completed market access and the first commercial surgery for the IBERIS® RDN system in Switzerland [1] - Haotian International Construction Investment (01341) purchased a total of 646 units of Ethereum as of October 23 [1] Share Buybacks/Reductions - Cornerstone Pharmaceuticals-B (02616) saw CEO Yang Jianxin and senior management purchase an additional 1 million shares [2] - Midea Group (00300) repurchased 1.3434 million A shares for approximately 99.998 million yuan on October 23 [2] - China Communications Construction (01800) repurchased 119.45 million A shares for approximately 10.5994 million yuan on October 23 [2] - Mengniu Dairy (02319) repurchased 700,000 shares for approximately 10.0692 million HKD on October 23 [2] - Lianlian Digital (02598) spent about 7.5555 million HKD to repurchase 967,000 shares on October 23 [2] - Lianyi Rong Technology-W (09959) repurchased 2.47 million shares for approximately 7.4137 million HKD on October 23 [2] - Heng Rui Medicine (01276) repurchased 97,500 A shares for approximately 6.2808 million yuan on October 23 [2] - Gushengtang (02273) repurchased 19,860 shares for approximately 5.8634 million HKD on October 23 [2] Operating Performance - Ping An Good Doctor (01833) reported total revenue of approximately 3.725 billion yuan for the first three quarters, a year-on-year increase of 13.6%, and plans to continue expanding AI technology to enhance medical service efficiency and quality [2] - Sands China Ltd. (01928) reported a 7.5% year-on-year increase in net revenue to $1.9 billion for the third quarter [2] - Livzon Pharmaceutical (01513) announced a net profit attributable to shareholders of 1.754 billion yuan for the first three quarters, a year-on-year increase of 4.86% [2] - China Railway Construction (01186) signed new contracts totaling 1.518765 trillion yuan in the first three quarters, a year-on-year increase of 3.08% [2] - Prada (01913) reported net revenue of 4.07 billion euros for the first three quarters, a year-on-year increase of 9% [2] Additional Performance Metrics - Baio Family Interactive (02100) reported 10.2 million active accounts in the third quarter, a year-on-year increase of 37.8% [3] - Anton Oilfield Services (03337) secured new orders worth 1.273 billion yuan in the third quarter [3]

Core Viewpoint - Hong Kong is experiencing a listing boom, with companies like Baile Tianheng preparing for their IPOs, reflecting a strong interest from Chengdu enterprises in accessing international capital markets [1][8]. Group 1: Market Activity - Baile Tianheng has passed the listing hearing on the Hong Kong Stock Exchange, with Chengdu's total number of listed companies expected to reach 28 [1]. - Numerous institutions and enterprises actively participated in the "Rongyi Shang" event, indicating a high level of interest in Hong Kong listings [3]. - The scale of participation in the event this year has significantly increased compared to last year, showcasing the enthusiasm of Chengdu enterprises for listing in Hong Kong [3]. Group 2: Sector Insights - The event featured specialized sessions for biopharmaceutical and technology/consumer sectors, with over a hundred representatives from enterprises and financial institutions attending [3][5]. - Key insights were shared regarding the opportunities and challenges faced by companies seeking to list in Hong Kong, particularly in the biopharmaceutical sector [5][7]. - Legal experts discussed critical points encountered by enterprises during the listing process, emphasizing the importance of legal support for technology and consumer companies [5]. Group 3: Investment Opportunities - Investment institutions highlighted the opportunities presented by listing in Hong Kong, particularly for Chengdu enterprises looking to expand internationally [8]. - Several Chengdu companies, including Guoxing Aerospace and Xinyue Holdings, have submitted applications for Hong Kong listings this year, indicating a trend of local firms seeking to leverage international capital markets [8]. - As of now, Chengdu has 122 A-share listed companies, 27 listed in Hong Kong, and 5 in the US, with the total expected to reach 154 following Baile Tianheng's listing [8].

| 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯工业平均 | 46576.01 | -14.40 | -0.03% | | 纳斯达克指数 | 22750.58c | 10.18 | 0.04% | | 标普500 | 6706.09 | 6.69 | 0.10% | 编辑丨瑜见 10月23日，美股三大指数开盘涨跌不一，道指跌0.03%，纳指涨0.04%，标普500指数涨0.10%。特 斯拉跌超4%，公司三季度营收反弹，利润大幅下滑超三成。能源股普遍走高，康菲石油涨近3%。"人 造肉第一股 " Beyond Meat跌超17%， IBM跌8%。 ...

Group 1 - The market is currently in a chaotic phase with no clear direction, leading to frustration among investors and a lack of significant movement from major funds [1][3] - There is a prevailing sentiment that the bull market may not be over, and concerns about index performance are seen as unnecessary, especially since many investors are not actively participating in the stock market [3][5] - The upcoming interest rate cuts and various favorable policies are expected to positively impact the market, with a high probability of the index continuing to rise [5][7] Group 2 - The A-share market is anticipated to reach new highs, driven by internal market dynamics and the need for major funds to offload positions above 4000 points [3][5] - The current trading environment is characterized by a significant amount of margin trading, indicating that existing players are still active, but new capital inflow remains limited [3][5] - There is an expectation for sectors such as securities, real estate, and liquor to experience upward movement, contrasting with the technology sector, which is showing signs of fatigue [5][7]

黄金昨日期货现货市场价格大跌超 5%，跌破 10 日均线，因短期超买需回调修复背离，且俄乌停火预 期增强，避险情绪下降。盘面方面，今日市场低开高走，早盘提醒反弹超 3900 点是高抛点，今日空方 打压，上午反抽后回落，下午多方护盘，收带下影线小 K 线，差价空间小。今日上涨 2300 多家、下跌 2800 家，黄金有色因隔夜金价大跌开盘跳水，调整到位有性价比，下周美联储降息或利多。深地、新 能源、工程机械、小家电等有表现，科技股回调后情绪差，操作上科技赛道下跌趋势反弹勿参与。 【魏宁海 A0150618060002】 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 股票名称 板块名称 ["黄金有色","新能源","科技股","工程机械","小家电","创新药等医药工程"] 黄金价格、市场震荡、科技股走势 看多看空 内容中既提到市场会在一定区间内震荡，有下跌找支撑的情况，如市场反弹超3900点会 跌回箱体找支撑；又指出部分板块有机会，如黄金大跌后有性价比可埋伏，新能源部分概念有望 受关注，工程机械反弹可关注等，整体对A股的看法没有明显的看多或看空倾向，所以是中性。 风险提示：以上内容仅作为作者或者 ...