受隔夜美股创新高影响，港股三大指数今日高开，早盘持续震荡，截止午盘，恒指涨0.02%，国指跌 0.24%，恒生科技指数涨0.02%。大型科技股涨跌各异，尤其是小米继续走低，跌近2%；政策叠加行业 高景气，半导体股持续活跃，航空股继续拉升。另一方面，亚洲早盘现货黄金下破3980美元，黄金股跌 幅明显，铜等有色金属股齐跌。此外，港股两只新股上市，滴普科技涨超120%，八马茶业上市涨超 63%。 ...

Group 1: Macroeconomic Insights - In September, industrial enterprises' profits improved year-on-year to 21.6%, up from 20.4% in August, driven by a low base effect and strong export performance [3] - Revenue growth for industrial enterprises also increased to 3.1% in September from 2.3% in August, indicating a positive trend in cash flow due to anti-involution policies [3] Group 2: Fixed Income Market Analysis - The bond market has shown signs of recovery in October, influenced by trade tensions and a loose liquidity environment, with expectations for a better fourth quarter compared to the third [5] - The market anticipates a controlled impact from new redemption regulations, with a focus on short to medium-term credit bonds as a primary investment strategy [5] Group 3: Oil and Gas Sector - Oil prices have entered a downward trend due to OPEC+ increasing production targets and seasonal demand decline, with Brent crude expected to average $68 in 2025 and $62 in 2026 [9] - Despite short-term volatility from geopolitical tensions, the long-term outlook suggests limited impact from sanctions on oil prices, with high-dividend energy companies presenting investment opportunities [9] Group 4: Real Estate and Construction - The real estate market is experiencing a decline in transaction volumes for both new and second-hand homes, attributed to high base effects and seasonal factors [8] - The construction sector shows mixed signals, with some recovery in cement supply and demand, while asphalt production rates have decreased [8] Group 5: Key Company Performances - Beike-W (2423 HK) is projected to benefit from a gradual market recovery, with a target price of HKD 65.64 based on a 26x PE ratio for 2026 [11] - Zhiou Technology (301376 CH) reported a revenue of CNY 60.8 billion for the first three quarters, with a year-on-year growth of 6.2%, and is expected to improve profitability as tariff risks ease [12] - Tianhai Defense (300008 CH) showed significant growth in Q3, with a revenue increase of 57.27% year-on-year, driven by strong orders in shipbuilding and defense sectors [14] - Kuka Home (603816 CH) reported steady revenue growth of 6.5% in Q3, with a focus on global expansion and brand strength [15] - Weixing New Materials (002372 CH) experienced a revenue decline of 9.83% in Q3, but is expected to see margin recovery as product prices stabilize [16] Group 6: Consumer Goods and Services - Salted Fish (002847 CH) reported a revenue increase of 14.7% year-on-year, with a focus on optimizing product categories and channels to enhance profitability [27] - Petty Co. (300673 CH) continues to see strong growth in its domestic brand, with a focus on single product strategies despite challenges in overseas markets [18] - Jiangsu Bank (601009 CH) reported a steady growth in net profit and revenue, driven by stable interest income and effective cost management [32]

油运：本周截至2025年10月24日，BDTI报收1,256点，周环比+4.06%，同比+120.65%；BCTI报收635 点，周环比+15.25%，同比+113.80%。干散货运：本周截至2025年10月24日，BDI报收1,991.00点，周环 比-0.58%，同比+40.51%；分船型来看，BPI报收1,924.00点，周环比+5.31%，同比+58.22%；BCI报收 2,871.00点，周环比-1.99%，同比+54.44%；BSI报收1,369.00点，周环比-3.23%，同比+9.96%。 中国银河近日发布交通运输行业周报：本周（10月20日-10月25日），SW交通运输各个子板块累计涨跌 幅分别为：公交（+4.81%）、仓储物流（+2.88%）、高速公路（+2.45%）、跨境物流（+2.18%）、铁 路（+1.26%）、航空机场（+1.22%）、公路货运（+1.36%）、港口（+0.92%）、快递（+0.18%）、航 运（-1.28%）。 中国银河近日发布交通运输行业周报：本周（10月20日-10月25日），SW交通运输各个子板块累计涨跌 幅分别为：公交（+4.81%）、仓储物流（+2.88 ...

每经AI快讯，南方航空(01055.HK)涨超6%，截至发稿，涨6.02%，报4.93港元，成交额3835.69万港元。 ...

鲁比奥认同美中关系的关键性，期待高层互动传递积极信号。 【高通推出人工智能芯片，在数据中心市场与英伟达展开竞争】 财联社10月27日电，高通推出人工智能芯片，在数据中心市场与英伟达展开竞争。高通AI200和AI250预计分 别于2026年和2027年投入商业使用。高通股价上涨3%，至盘中高点。 大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【王毅同美国国务卿鲁比奥通电话】 10月27日，中共中央政治局委员、外交部长王毅与美国国务卿鲁比奥通电话。王毅强调，中美关系对全球至关 重要，健康稳定的双边关系符合两国长远利益及国际社会期待。他指出，习近平主席与特朗普总统的长期互信 是中美关系的战略资产。 近期经贸摩擦通过吉隆坡会谈取得进展，双方达成框架共识，证明落实元首共识、平等对话的重要性。王毅呼 吁相向而行，为高层互动及关系发展创造条件。 此外，美团还新增了大病关怀、子女教育等进阶福利，首次将骑手家属纳入保障范围，惠及超百万骑手家庭。 【亚马逊拟裁员3万人占企业员工近10%】 【美团骑手社保补贴全国上线】 财联社10月28日电，据报道，亚马逊计划裁减多达3万个岗位， ...

今日热点导览 TOP3大新闻 春秋航空面向已婚已育女性，开放客舱乘务员岗位招聘 近日，春秋航空在兰州举行招聘新闻发布会。发布会上，春秋航空宣布启动"空嫂"专项招聘，面向已婚 已育女性开放客舱乘务员岗位，年龄放宽至40岁，学历要求为全日制本科及以上，身高162cm至 174cm，无工作经验限制。 春秋航空招聘负责人介绍，"空嫂"群体具备较强的亲和力与应变能力，在服务儿童、处理突发情况等方 面具有优势。据了解，此前的空姐招聘通常在18-25周岁，部分航空公司放宽至28-32周岁。（荔枝新 闻） 市监局称"酸菜池里抽烟乱吐"生产乱象属实 近日，辽宁葫芦岛一段酸菜企业生产视频让网友愤慨：画面里，一名男子站在酸菜池中，一边用钢叉翻 动酸菜，一边全程抽烟，还直接往酸菜池里随口乱吐，卫生乱象触目惊心。 10月27日，当地市监局回应，确认事件属实，目前省级监管部门已介入，市级相关负责领导也已抵达现 场调查。不过，涉事企业名称、视频拍摄时间等关键信息，仍待进一步答复。（封面新闻） 姚润昊卸任上海叠纸科技公司法定代表人 36氪获悉，爱企查App显示，近日，上海叠纸科技有限公司发生工商变更，姚润昊卸任该公司法定代表 人、执行董事， ...

行情显示，境内外人民币周一创下两个月来最大涨幅。 美元/离岸人民币1个月隐含波动率小幅升至 2.7%，六个交易日以来首次上涨。 银河证券表示，中国政府债务成本低于经济增速，政府债务使用效率较高，财政扩张对汇率构成支撑。 5000亿的政策性金融工具、1万亿的与化债相关的地方特殊再融资债券有望在四季度落地。货币宽松加 积极财政的共振之下，将继续推升人民币升值。 此外，机构认为人民币升值将助推中国资产重估。华西证券表示，在经济边际企稳，流动性较为宽松， 人民币升值背景下，股票市场有望维持牛市氛围。 行业方面，华鑫证券表示，综合汇兑损益、外币负债、北向持仓和原材料进口四大视角，交运、有色、 石化、机械、家电、电子、电力设备等行业有望受益于人民币汇率升值。另外对于航空、造纸众多产品 以外币结算，人民币升值时，成本降低，也将增厚利润。 公司方面，据上市公司互动平台表示， 山鹰国际：造纸及包装印刷规模均位居全国前列。 华夏航空：公司为独立民营航空公司，长期专注于支线运输。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 ...

Market Performance - Southeast Asia ETF rose by 4.74%, with Indonesia outperforming by 0.98 percentage points[2] - Vietnam was the only market to decline, with a drop of 2.62% in the Global X MSCI Vietnam ETF, underperforming by 7.36 percentage points[3] - The Southeast Asia ETF underperformed China but outperformed the U.S., Japan, India, Africa, the U.K., and Latin America[2] Country-Specific Insights - iShares MSCI Indonesia ETF increased by 5.72%, supported by resilient fundamentals and a shift towards proactive economic stimulus[3] - iShares MSCI Singapore ETF rose slightly by 0.11%, underperforming by 4.63 percentage points, with plans for new measures to support listed companies[3] - iShares MSCI Thailand ETF gained 4.84%, bolstered by government policy initiatives and a THB 1.56 trillion investment budget for FY2026[3] - iShares MSCI Malaysia ETF increased by 1.42%, while the market experienced slight fluctuations due to local investment announcements from Microsoft and Google[3] - The sharp correction in Vietnam's stock market was attributed to bond market risks and profit-taking pressures[3] Trading Volume and Liquidity - Global X FTSE Southeast Asia ETF had a trading volume of 276,000 shares, reflecting a 3.1% increase[16] - iShares MSCI Indonesia ETF saw a trading volume of 9.36 million shares, up by 22.2%[17] - iShares MSCI Thailand ETF's trading volume decreased by 17.8%, indicating a decline in market activity[16]

《每日经济新闻》记者获悉，今日鹏华产业精选基金经理、名将陈金伟的三季报在业内"火"了。在这篇5000字长文中，他谈到了对科技股上涨的看法，破除 了四大"反内卷"误区，同时也向投资者详细阐述了自己的行业观点与操作思路，金句频出。 Wind数据显示，今年三季度，鹏华产业精选净值增长13.90%，年内涨幅为30.56%，在全市场2292只灵活配置基金中排在前35%，是一个中部靠前的位置。 一直以来，基金经理在基金财报中写"小作文"都备受行业和投资者关注，主要是因为基金经理平常能够与投资者沟通的时间有限，而财报是一个重要的窗 口，用于向投资者详述过往运作情况、未来操作思路等，反过来对于提升持有人体验也有帮助。 同行超配科技股跑赢指数，"提升了整个主动权益行业的社会形象" 陈金伟在财报中提到，三季度市场呈现出"慢牛"的特征，极少数科技龙头负责"牛"，其他股票负责"慢"，以沪深300为例，整个三季度上涨约18%，但涨幅前 10的股票贡献了沪深300接近一半的收益，而这10只股票仅有一只不属于科技行业。 鹏华产业精选基金经理陈金伟在三季报里的走心长文，又火出圈了。 在公募行业，有一些基金经理擅长通过每一次的财报与业内和投资 ...

Core Points - The article discusses the trade agreements signed by the United States with Malaysia, Thailand, Cambodia, and Vietnam during President Trump's visit to the ASEAN Summit, focusing on tariffs, supply chain diversification, labor protection, and environmental cooperation [1][2] - The agreements are perceived as more flexible and less legally binding, leading to potential uncertainties in their implementation [3] Trade Agreements - The U.S. has committed to maintaining a 19% tariff rate on exports to Malaysia, Thailand, and Cambodia, and a 20% tariff rate on exports to Vietnam, consistent with previous "reciprocal tariff" rates [1] - Malaysia has received tariff exemptions on 1,711 items, amounting to approximately $5.2 billion, which represents 12% of its total exports to the U.S. [1] Economic Cooperation - Malaysia is expected to invest $70 billion in the U.S. over the next decade, while Vietnam and Thailand have agreed to reduce nearly all import tariffs on U.S. goods [2] - The agreements include cooperation in critical minerals, with Malaysia committing not to ban exports of these minerals to the U.S. [2] Regional Dynamics - Southeast Asian leaders express caution regarding the agreements, emphasizing that the terms are better than previous commitments but do not compromise national sovereignty [2] - The agreements are largely viewed as part of the U.S. strategy to compete with China in the region, as China remains ASEAN's largest trading partner with a projected trade volume of $982.3 billion in 2024 [3]