（原标题：外围市场全线大跌！逆势拉升 A股这一概念突然爆发！） 11月18日，外围市场全线大跌。A股方面，AI应用概念逆势走强；互联网电商板块上涨。 11月18日，A股三大指数低开后持续震荡调整，截至收盘，沪指跌0.81%，深证成指跌0.92%，创业板指 跌1.16%。 盘面上，网红经济、厨卫电器、AI语料、半导体等概念涨幅居前，电池、钢铁、能源金属、钛白粉、 磷化工、有机硅等板块跌幅居前。全市场成交额超1.9万亿元，较昨日放量超150亿元，下跌个股超4100 只。 AI应用概念逆势走强，榕基软件、浪潮软件、宣亚国际、华胜天成2连板；互联网电商板块上涨，丽人 丽妆涨停；煤炭板块大跌，云煤能源、宝泰隆跌停；氟化工概念走弱，立中集团跌超12%，天际股份、 石大胜华等跌停。 小鹏汽车跌超10% 11月18日，小鹏汽车港股盘中跌近11%，最低至85.5港元。港股新能源车企同步下跌，零跑汽车、蔚 来、长城汽车、理想汽车跟跌。 纳斯达克100指数期货跌幅一度扩大至1%，标普500指数期货一度跌0.8%。比特币再度跌破9万美元，持 续一个月的下跌态势已抹去该加密货币2025年的所有涨幅。 值得注意的是，近期海外资管巨头在" ...

11月18日，小鹏汽车港股盘中跌近11%，最低至85.5港元。港股新能源车企同步下跌，零跑汽车、蔚 来、长城汽车、理想汽车跟跌。 昨日小鹏汽车公布截至2025年9月30日止第三季度财务数据。今年第三季度，小鹏汽车总交付量为 116007辆，同比增长149.3%，环比增长12.4%，创下单季度交付量历史新高。 主要财务指标方面，第三季度小鹏汽车总营收为人民币203.8亿元，较2024年同期上升101.8%，并较 2025年第二季度上升11.5%，创下单季度历史新高。第三季度毛利率为20.1%，创下历史新高，同比增 长4.8个百分点。其中，汽车毛利率为13.1%，较2024年同期增长4.5个百分点。 （原标题：逆势拉升！A股这一概念，突然爆发！） 11月18日，外围市场全线大跌。A股方面，AI应用概念逆势走强；互联网电商板块上涨。 11月18日，A股三大指数低开后持续震荡调整，截至收盘，沪指跌0.81%，深证成指跌0.92%，创业板指 跌1.16%。 盘面上，网红经济、厨卫电器、AI语料、半导体等概念涨幅居前，电池、钢铁、能源金属、钛白粉、 磷化工、有机硅等板块跌幅居前。全市场成交额超1.9万亿元，较昨日放量超1 ...

Core Viewpoint - The A-share market experienced a collective decline across the three major indices, with the Shanghai Composite Index falling by 0.81% to 3939.81 points, the Shenzhen Component Index down by 0.92% to 13080.49 points, and the ChiNext Index decreasing by 1.16% to 3069.22 points, indicating a bearish sentiment in the market [1]. Market Performance - The total trading volume for the Shanghai Composite Index was 790.949 billion yuan, while the Shenzhen Component Index recorded a trading volume of 1135.119 billion yuan, and the ChiNext Index had a trading volume of 501.567 billion yuan [1]. - The internet e-commerce sector led the gains with an increase of 2.27%, followed by cultural media at 2.03%, and IT services at 1.17% [2]. - The education sector also saw a rise of 1.17%, while kitchen and bathroom appliances increased by 1.12% [2]. Declining Sectors - The coal mining and processing sector experienced the largest decline at -4.59%, followed by the battery sector at -4.49%, and the steel sector at -3.40% [2]. - Other sectors that faced significant drops include industrial metals at -3.29% and energy metals at -2.94% [2].

今日市场震荡走低，互联网电商、AI应用等板块涨幅居前。全天市场成交约1.万亿，较上个交易日略有 放量，两市超4100股下跌。外围市场方面，今日亚太市场也全线大跌，日韩股市大幅收跌。比特币、黄 金也直线跳水，纳斯达克100指数期货跌幅一度扩大至1%，道指期货跌0.5%。 据券商中国，分析人士认为，两大因素导致全球资产受挫，一方面与美联储的降息预期有关，今天传出 明年上半年不降息的消息；另一方面则与日本国债有关。由于投资者权衡首相高市早苗可能推出的大规 模财政刺激计划的影响，日本10年期国债收益率攀升至1.75%以上，接近2008年以来的最高水平。这对 全球流动性可能造成了巨大冲击。 盘面上，AI应用方向领涨，阿里千问、AI语料、多模态等方向领涨。福石控股20cm涨停，此前宣亚国 际、浪潮软件、榕基软件2连板，思创医惠、光云科技、石基信息等多股大涨。消息面上，三大利好密 集催化。其一，昨日阿里巴巴正式宣布"千问"项目，千问APP公测版上线；其二，巴菲特在年底交班之 前，建仓谷歌母公司Alphabet，也对AI应用方向起到了提振作用；其三，软件方面，数据显示，近9成 参与者预测备受关注的谷歌Gemini 3.0大模 ...

| 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | ma | 3939.81 | -32.22 | -0.81% | | 399001 | 深证成指 | man | 13080.49 | -121.52 | -0.92% | | 399006 | 创业板指 | and | 3069.22 | -35.98 | -1.16% | | 899050 | 北证50 | Surver | 1481.82 | -44.64 | -2.92% | 11月18日，A股三大指数集体收跌，截至收盘，上证指数跌0.81%，深证成指跌0.92%，创业板指跌 1.16%。北证50跌2.92%。 沪深两市成交额1.93万亿，较上一个交易日放量153亿。 盘面上，锂电池产业链全线下挫，电解液、固态电池方向领跌；钢铁、化工、煤炭、有色金属行业跌幅 靠前。AI应用题材持续活跃，互联网电商概念逆势走强。 具体来看，AI应用概念逆势上涨，榕基软件、浪潮软件、宣亚国际、光云科技等多股涨停。 【资金流向】 主力资金全天净流 ...

人民财讯11月18日电，A股三大指数今日低开后持续震荡调整，截至收盘，沪指跌0.81%，深证成指跌 0.92%，创业板指跌1.16%。盘面上，互联网电商板块上涨，丽人丽妆涨停；煤炭板块大跌，云煤能 源、宝泰隆跌停；氟化工概念走弱，立中集团跌超12%，天际股份、石大胜华等跌停。网红经济、厨卫 电器、AI语料、半导体等概念涨幅居前，电池、钢铁、能源金属、钛白粉、磷化工、有机硅等板块跌 幅居前。全市场成交额超1.9万亿元，较昨日放量超150亿元，下跌个股超4100只。 转自：证券时报 ...

Market Overview - The A-share market experienced a decline on November 18, with the Shanghai Composite Index falling by 0.56% to 3949.83 points, the Shenzhen Component Index down by 0.43%, and the ChiNext Index also down by 0.43% [1][2] - The total trading volume for A-shares reached 1.3 trillion yuan [1] Monetary Policy - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 407.5 billion yuan at a fixed rate of 1.4%, with a net injection of 3.7 billion yuan for the day [2] Industry Insights - According to IDC, the Chinese video cloud market is projected to reach a size of 5.23 billion USD by the first half of 2025, showing a year-on-year growth of 8.9%. The AI sub-segment for audio and video real-time interaction and smart media production achieved a market size of 40 million USD, reflecting a triple-digit growth year-on-year [3] - UBS forecasts a prosperous year ahead for the Chinese stock market, driven by favorable factors including developments in innovative sectors, with a target for the MSCI China Index set at 100 by the end of next year, indicating a potential upside of 14% from current levels [3] Sector Performance - Hainan Free Trade Zone concept stocks showed strong performance, with Hainan Haiyao hitting the daily limit, and other stocks like Haima Automobile and Kangzhi Pharmaceutical also experiencing significant gains [3] - The internet e-commerce sector saw a resurgence, with stocks related to Pinduoduo and Xiaohongshu becoming active, and companies like Liren Lizhuang and Lafang Jiahua reaching their daily limit [3] - AI application themes continued to strengthen, with Rongji Software achieving two consecutive limits, and companies like Shiji Information and Zhi De Mai also seeing substantial increases [3][4] Company Highlights - Yuanlong Yatu is collaborating with the China Copyright Magazine Society to launch the "Creative China" copyright service platform, utilizing blockchain and AI technologies to create a comprehensive copyright operation ecosystem [8] - Visual China, as the largest compliant visual content platform in China, is expected to benefit from its mature cooperation model with international giants like Getty, particularly in AI data traceability and copyright sharing mechanisms [8]

Core Viewpoint - The market continues to experience fluctuations, with major indices showing mixed performance and a significant number of stocks declining, particularly in sectors like coal and steel, while AI applications and certain technology stocks show strength [1][4]. Group 1: Market Performance - As of November 18, major indices closed with the Shanghai Composite Index down 0.56%, Shenzhen Component down 0.43%, and ChiNext down 0.43%, while the Sci-Tech 50 Index rose by 0.93 [1]. - Over 4,000 stocks declined in the market, indicating a bearish sentiment overall [1]. Group 2: Sector Highlights - The AI application sector continues to perform well, with stocks like Rongji Software and Shiji Information hitting the daily limit up, driven by positive news such as Alibaba's launch of the "Qianwen" project and the upcoming release of Google's Gemini 3.0 model [3]. - The internet e-commerce sector is also strong, with companies like Liren Liyang and Lafang Jiahua reaching their daily limit up, supported by government encouragement for new cosmetic products [2]. Group 3: Institutional Insights - Zhongyin Securities suggests that the market may continue to oscillate around the 4,000-point mark, with limited directional breakthroughs expected in the short term due to uncertainties surrounding the Federal Reserve's interest rate decisions [4]. - Huaxi Securities emphasizes that the A-share market is primarily focused on existing stocks, with attention on sectors like energy storage and domestic substitution, as well as the impact of U.S. economic data on market sentiment [6]. - Guotou Securities notes that historical trends suggest a potential return of the technology sector in early next year, with a focus on global AI industry trends and the performance of major tech companies' earnings reports [7].

Market Overview - The A-share market experienced fluctuations in early trading, with the Shanghai Composite Index closing at 3949.83 points, down 0.56% [1] - The Shenzhen Component Index closed at 13145.00 points, down 0.43%, and the ChiNext Index closed at 3091.87 points, also down 0.43% [1] Sector Performance Top Performing Sectors - The Internet e-commerce sector led the gains with an increase of 2.70%, achieving a total trading volume of 331.26 million hands and a net inflow of 31.52 billion [2] - The Cultural Media sector rose by 2.25%, with a total trading volume of 3271.69 million hands and a net inflow of 30.33 billion [2] - The Kitchen and Bathroom Appliances sector increased by 1.66%, with a trading volume of 224.39 million hands and a net inflow of 0.65 billion [2] - The IT Services sector saw a rise of 1.64%, with a trading volume of 2398.60 million hands and a net inflow of 21.29 billion [2] Underperforming Sectors - The Battery sector experienced the largest decline at -4.13%, with a trading volume of 2759.67 million hands and a net outflow of 88.07 billion [2] - The Coal Mining and Processing sector fell by 4.08%, with a trading volume of 1622.64 million hands and a net outflow of 30.66 billion [2] - The Steel sector decreased by 3.16%, with a trading volume of 2494.42 million hands and a net outflow of 28.21 billion [2] - The Industrial Metals sector dropped by 2.98%, with a trading volume of 2695.32 million hands and a net outflow of 42.11 billion [2]

Market Overview - The three major indices opened lower on November 18, with the Shanghai Composite Index down 0.20%, the Shenzhen Component up 0.03%, and the ChiNext Index up 0.15% [1] - The lithium sector showed strong performance, with companies like Tianqi Lithium and Ganfeng Lithium experiencing significant gains [1] - The Hainan Free Trade Zone sector also saw a rebound, with Hainan Haiyao hitting the daily limit, and other stocks like Haima Automobile and Kangzhi Pharmaceutical rising sharply [1] - In contrast, sectors such as aquaculture, military industry, and coal processing faced declines [1] Sector Highlights Hainan Free Trade Zone - The Hainan Free Trade Zone is experiencing active fluctuations, with policies gradually being released as the region approaches its customs closure [2] - The "zero tariff" policy is expected to benefit various transportation vehicles, including airplanes, ships, and multi-functional passenger vehicles, covering all three categories of goods [2] Lithium Sector - The lithium sector remains strong, with a continuous price increase in lithium materials and a rise in the main contract for lithium carbonate futures [3] - Ganfeng Lithium's chairman indicated that lithium carbonate prices could exceed 150,000 to 200,000 yuan per ton by 2026 [3] - Wanlian Securities suggests that the performance of midstream material companies in the lithium battery sector is expected to continue improving, presenting investment opportunities [3] Institutional Insights Structural Rebalancing - Industrial insights from Xinyi Securities highlight that structural rebalancing has become a common feature in global stock markets, with funds rotating from previously leading tech sectors to resource, consumer, and pharmaceutical sectors [4] - The report emphasizes that the recent disturbances from the U.S. government shutdown and pessimism surrounding the "AI bubble" are influencing this rebalancing [4] Focus on Storage and Domestic Substitution - Huaxi Securities notes that the A-share market is primarily focused on existing stock competition, with attention on energy storage and domestic substitution sectors [5] - The report indicates that the current market environment favors small-cap and thematic investments due to a lack of clear fundamental guidance [5] Technology Sector Outlook - Guotou Securities suggests that the technology sector may see a return in early next year, with historical trends indicating a potential rebound during this period [7] - The report stresses the importance of monitoring signals from the U.S. Federal Reserve and major tech companies' earnings reports, which could impact the A-share technology stocks and global risk assets [7]