【导读】全球暴跌 大家好，今天的市场，全球股灾，遭遇了黑色星期二。 一起看看发生了什么事情。 黑色星期二 11月18日，全球股市暴跌，日经225指数收跌3.22%，创自四月以来最大单日跌幅，收于49000点下方。韩国KOSPI指数收跌3.32%，风险情绪恶化，芯片 股领跌市场。 | く 気 | 亚太指数 () | | Q | | --- | --- | --- | --- | | 名称 | 最新 | 涨幅↑ | 涨跌 | | 韩国 KOSPI200 | 556.45 | -3.50% | -20.20 | | KOSPI200 | | | | | 韩国 KOSPI | 3953.62 | -3.32% | -135.63 | | KS11 | | | | | 日经 225 | 48702.98 | -3.22% | -1620.93 | | N225 | | | | | 台湾加权 | 26756.12 | -2.52% | -691.19 | | TWII | | | | | 恒生科技指数 | 5616.21 | -2.44% | -140.67 | | HSTECH | | | | | 恒生指数 | 258 ...

Core Insights - The article discusses the challenges of managing excess inventory in the semiconductor industry, highlighting the financial burden of storage and capital costs associated with unsold materials [1] - It promotes a service called "Chip Superman," which has served 21,000 users and offers rapid inventory clearance solutions [9] Group 1: Inventory Management - Excess inventory of 100,000 units incurs monthly storage and capital costs of at least 5,000, leading to a potential loss of 30,000 after six months [1] - The article emphasizes the difficulty in promoting and selling excess materials, suggesting that companies can seek assistance from Chip Superman for better pricing and faster transactions [1][10] Group 2: Inventory Offerings - Chip Superman has a substantial inventory, including over 5,000 million chips across 1,000+ models and 100 brands, with a total inventory value exceeding 100 million [8] - Specific excess materials available for sale include various semiconductor components from brands like 安世 (Nexperia), 英特尔 (Intel), and others, with quantities ranging from thousands to hundreds of thousands [4][5] Group 3: Purchase Requests - The article lists specific semiconductor components that are in demand, indicating a market for certain models, such as the MICROCHIP ATMEGA2561-16AU and ADI LTC2174IUKG-14, with quantities requested in the thousands [6] Group 4: Service Features - Chip Superman claims to complete transactions in as little as half a day, providing a quick solution for companies looking to clear their inventory [9] - The company operates a 1,600 square meter smart storage facility, ensuring quality control for each component through an independent laboratory [8]

格隆汇11月18日丨翱捷科技(688220.SH)在投资者互动平台表示，本次存储芯片缺货/涨价影响较大的主 要是LPDDR4/4X。公司目前主力产品包括Cat.1、Cat.4、Cat.7以及5G RedCap等产品不涉及，基本不受 影响；而在4G四核和第一代4G八核智能手机芯片项目上，LPDDR4/4X为客户自采，跟公司产品成本无 关。 ...

黄金、白银价格跳水。 美股三大指数盘前大幅下挫。 比特币七个月来首次跌破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。有分析师称："股指一直紧张地向下波 动，而比特币——通常被视为高贝塔风险资产的代理——几乎是一点一滴地跟随这些走势，这种相关性为市场情绪再添压力，因为加密货 币走弱强化了流动性收紧和风险厌恶的印象。" A股方面，市场全天低开低走，三大指数午后均跌超1%。截至收盘， 沪指跌0.81%，深成指跌0.92%，创业板指跌1.16%。 【导读】全球暴跌 中国基金报记者 泰勒 大家好，今天的市场，全球股灾，遭遇了黑色星期二。 一起看看发生了什么事情。 黑色星期二 11月18日，全球股市暴跌， 日经225指数收跌3.22%，创自四月以来最大单日跌幅，收于49000点下方。韩国KOSPI指数收跌3.32%，风 险情绪恶化，芯片股领跌市场。 | く 気 | 亚太指数 () | | | | --- | --- | --- | --- | | 名称 | 最新 | 涨幅↑ | 涨跌 | | 韩国 KOSPI200 | 556.45 | -3.50% | -20.20 | | KOSPI200 | ...

南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益27.78%，同类 排名1837/4212；近一年收益24.32%，同类排名1864/3956；成立以来收益13.08%。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间7年13天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 181.49%， 任职期间最差基金回报-15.93%。 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。 11月18日，国民技术涨5.19%，截至发稿，报22.72元/股，成交3.84亿元，换手率3.09%，总市值132.49 亿元。 资料显示，国民技术股份有限公司位于广东省深圳市南山区西丽街道松坪山社区宝深路109号国民技术 大厦,香港铜锣湾希慎道33号利园1期19楼1910室，成立日期2000年3月20日，上市日期2010年4月30日， 公司主营业务涉及安全芯片和通讯芯片产品及解决方案的开发和销售。 ...

Group 1 - Taobao's Double 11 global sales results show that dozens of brands achieved over 10 million in overseas transactions, with more than 200,000 contracted merchants doubling their sales, outpacing the overall growth rate of Taobao's international market by three times [2] - The number of daily overseas orders during the Double 11 period experienced double-digit growth, indicating the success of the globalized "Double 11" model [2] Group 2 - Indonesia plans to impose an export tax of 7.5% to 15% on gold products starting in 2026, with different tax rates based on the processing level of the gold to support domestic refining and processing industries [3] - From January to October, China's general public budget revenue reached 186.49 billion, a year-on-year increase of 0.8%, with tax revenue at 153.36 billion, up 1.7%, while non-tax revenue fell by 3.1% [4] Group 3 - Meituan Health and SF Express have established a pharmaceutical e-commerce air logistics center in Ezhou, Hubei, which is the first of its kind to operate in close proximity to a cargo airport, enabling same-day delivery to 35 cities and next-day delivery to 318 cities [5] - ByteDance's researcher was dismissed for leaking confidential information through paid interviews, highlighting the importance of information security within the company [6] Group 4 - Morgan Stanley predicts that the yield on 10-year U.S. Treasury bonds will decline to 3.75% by mid-2026, with a potential 50 basis point rate cut by the Federal Reserve [7] - A new joint venture, Hengyuan Zhiyi Intelligent Technology, has been established to focus on the development of intelligent robots and AI applications, indicating growth in the robotics sector [8] Group 5 - Tesla is set to go to court against Wuyou Media over a contract dispute, with the hearing scheduled for November 24 [9] - Ubisoft is rumored to have been acquired, following a sudden halt in stock trading and a delay in financial report release, suggesting significant developments within the company [10] Group 6 - Alibaba's new AI application, Qianwen, faced service interruptions due to overwhelming user traffic, which quickly became a trending topic on social media [11] - Peter Thiel has completely divested from Nvidia, indicating a significant shift in investment strategy [12] Group 7 - Yum China aims to increase KFC's store count by approximately one-third to over 17,000 by 2028, targeting a high single-digit annual compound growth rate in system sales from 2026 to 2028, with a goal of surpassing 10 billion RMB in operating profit by 2028 [13]

剑桥国际(06166)涨超3%，公司持续深耕硅光技术路线，硅光领域充分受益算力高景气。 猫眼娱乐(01896)再跌超2%，近三日股价累跌一成，《鬼灭之刃》上映3天票房显著下滑。 煤炭股跌幅居前，机构称煤价迎来短期见顶，中期向上趋势不改。兖矿能源(01171)跌4.88%；兖煤澳洲 (03668)跌3.8%。 老铺黄金(06181)回落3%，明年无计划在中国内地开设分店，黄金购买税修改对其毛利率影响较小。 智通财经APP获悉，港股恒生指数跌1.47%，跌387点，报25997点；恒生科技指数跌1.67%。港股早盘成 交1345亿港元。 中芯国际在投资者关系活动记录表中称，公司的产线实际上非常满，存储器特别紧缺，价格也涨得非常 厉害。芯片股逆市走强。华虹半导体(01347)涨超4%，中芯国际(00981)涨1.5%。 万威国际(00167)复牌飙升逾77%，获折让约68.90%提全购要约。 携程集团-S(09961)绩后涨1.53%，第三季度净利润199亿元，国际业务表现突出。 中集安瑞科(03899)涨3.89%，拟于公开市场回购不超过2亿港元，三季度新签订单明显加快。 锂电股集体走低，碳酸锂价格近期持续上涨， ...

Group 1 - The expectation for a Federal Reserve rate cut in December has dropped from approximately 90% a month ago to about 43% currently, influenced by recent hawkish comments from Fed officials [1] - U.S. commercial investment, excluding the AI sector, is declining, which is suppressing risk appetite in the U.S. stock market [1] - Major U.S. stock indices closed lower on Monday, with the Dow Jones down 1.18%, the S&P 500 down 0.92%, and the Nasdaq down 0.84% [1] Group 2 - International gold prices have fallen for three consecutive trading days, pressured by a rebound in the U.S. dollar index and unclear prospects for a Fed rate cut in December [4] - As of the close, December gold futures settled at $4,074.5 per ounce, reflecting a decline of 0.48% [4] Group 3 - Chip stocks and certain tech stocks were the main contributors to the decline in U.S. stocks on Monday, with Nvidia's stock dropping 1.88% [7] - Peter Thiel's hedge fund liquidated its position in Nvidia during the third quarter, indicating a shift in investment strategy [7] - Amazon plans to issue $15 billion in bonds, exceeding previous estimates by $3 billion, marking its first dollar-denominated bond issuance in three years [7] - The issuance reflects the cash flow pressures faced by U.S. tech giants due to ongoing investments in AI infrastructure [7] Group 4 - European stock indices collectively declined on Monday, with the UK market down 0.24%, France down 0.63%, and Germany down 1.20%, influenced by declines in technology, finance, and chemical sector blue-chip stocks [9] Group 5 - Investors are assessing the supply and demand outlook for the oil market, with Goldman Sachs predicting a continued global supply surplus until mid-next year [11] - As of the close, light crude oil futures for December settled at $59.91 per barrel, down 0.3%, while January Brent crude futures settled at $64.20 per barrel, also down 0.3% [11]

（文章来源：每日经济新闻） 每经AI快讯，芯片股逆市走强，截至发稿，华虹半导体(01347.HK)涨7.74%，报83.55港元；中芯国际 (00981.HK)涨3.7%，报75.65港元；上海复旦(01385.HK)涨2.54%，报41.96港元；晶门半导体(02878.HK) 涨1.09%，报0.465港元。 ...

Core Viewpoint - The A-share hard technology sector is leading a rebound, with the Kexin Chip 50 ETF (588750) showing significant trading volume and price increase, indicating strong market interest in semiconductor stocks [1][3]. Market Performance - As of 10:34, the Kexin Chip 50 ETF (588750) has surged over 2%, with trading volume exceeding the previous day's total within the first hour of trading [1]. - The constituent stocks of the Kexin Chip 50 ETF show a majority of gains, with Dongxin Co. (688110) up 15.06%, and several others like Yuanjie Technology and Huahong Semiconductor also experiencing notable increases [3][4]. Key Constituents - The top ten constituents of the Kexin Chip 50 ETF include companies like Huagong Information (1.01% increase), Zhongben International (0.99% increase), and others, with varying weightings in the index [4][5]. Industry Insights - Dongxin Co. reported that its GPU chip development is progressing as planned, with customer testing and market promotion activities ongoing [6]. - Semiconductor giant SMIC disclosed a 9.90% year-on-year revenue increase for Q3 2025, with a net profit growth of 43.10% [6]. - The semiconductor sector is experiencing heightened interest due to rising prices in storage chips, with NAND flash prices reportedly increasing by 50% [6]. Long-term Trends - The semiconductor sector's long-term growth is supported by trends in supply chain security and self-sufficiency, with a focus on domestic alternatives in equipment and materials [7]. - Emerging technologies like AI are expected to drive significant demand for chips, with the global storage market projected to reach $263.3 billion by 2025, growing at a CAGR of 11.5% from 2025 to 2029 [8]. Investment Opportunities - The Kexin Chip sector is highlighted as a promising area for index-based investment, with a focus on the core segments of the semiconductor industry [9]. - The Kexin Chip 50 ETF is noted for its higher "chip content" and growth potential compared to other indices, with a strong emphasis on high-tech upstream and midstream segments [9][10]. Performance Metrics - The Kexin Chip 50 ETF is projected to achieve a net profit growth rate of 100% for the full year 2025, significantly outperforming its peers [11]. - The index has shown a maximum increase of 187.69% since September 2024, indicating strong upward elasticity compared to other semiconductor indices [12][13].