图 一周摘要 图 市场概况： 上周 （10月13日至10月17日）A股成长风格大幅调整而价值风格相对抗跌，整体呈现结构 性弱势。成长风格方面，前期关注度较高的双创及中小盘成长板块集体承压，创业板指、创业板50、 科创50及万得双创均出现较大幅度下跌，而价值风格则表现稳健，中证红利逆势上涨，成为当周 A 股市场的 "防御性亮点"。这一现象反映出在市场情绪趋谨慎的背景下，资金更倾向于流向高股息、低 估值的价值品种，以寻求业绩确定性和风险对冲。全周上证指数下跌1.47%，深证指数下跌4.99%， 创业板指下跌5.71%。 行业板块： 上周Wind一级平均跌幅2.34%，Wind百大概念指数上涨比例35%。板块方面，13%板块获得 正收益，银行、煤炭、食品饮料相对表现良好，分别上涨4.89%、4.17%、0.86%，纺织服饰、商贸零售、 公用事业等板块亦小幅下跌，而汽车、传媒、电子则走弱明显，分别下跌5.99%、6.27%、7.14%。 基金发行： 上周合计发行10只，其中股票型基金发行4只，混合型基金发行4只，QDII型基金发行1只， FOF型基金发行1只，总发行份额95.48亿份。 基金表现 ： 上周万得全基指数 ...

Group 1 - The A-share market experienced a pullback this week, influenced by declining risk appetite and increased uncertainty in US-China relations, with the STAR 50 index dropping 6.2% and the Shanghai 50 index only 0.2% [1][11][20] - The overall market is still in a bull market phase, but may enter a wide fluctuation stage in the short term, with the current maximum drawdown being 4.01%, which is within historical levels [3][39][41] - Short-term focus should be on defensive and consumer sectors, while mid-term attention should be on TMT (Technology, Media, and Telecommunications) and advanced manufacturing sectors [4][43][46] Group 2 - The market style this week favored value stocks, with large-cap value stocks increasing by 2.1%, while mid-cap growth stocks decreased by 5.8% [15][18] - In terms of industry performance, banking, coal, and food and beverage sectors performed relatively well, with respective increases of 4.9%, 4.2%, and 0.9% [15][70] - The TMT sector is expected to become a mid-term focus due to various catalysts, including the ongoing development of AI and the Federal Reserve's interest rate cuts [46][48]

周五，以为调整差不多了，准备梭哈→Duang！！！收一根扎扎实实的大阴线。 我个老天爷，这周5个交易日，到底有谁能猜得中节奏？简直魔鬼步伐，步步惊心。。。 周一，以为崩盘，开盘割肉→低开高走，收一根大阳线； 周二，以为转强，开盘梭哈→冲高回落跳水，收一根中阴线； 周三，以为会下跌，再次割肉→低开高走，收一根中阳线； 周四，以为大盘趁热打铁上涨，加仓→高开低走，收一根带有上影线的小阳线（上证指数涨0.1%。。。）； | 3839.76 昨收 3916.23 成交额 8731.82亿 -76.47 -1.95% | | --- | | 上涨 | | 最高价 3921.06 市盈率 16.5 近20日 -0.92% | | 最低价 3835.36 市净率 | 兄弟们，除了嘎嘎嘎，有什么体面一点的加仓方式，在评论区知会一声啊。 1 以为、以为、以为，都是我一个人的一厢情愿！ A股连续两日跌破2万亿成交额 债涨、黄金涨、股市下跌，市场又进入避险模式了。 周五三大指数全线下挫，上证指数跌1.95%，深证成指跌3.04%，创业板指跌3.36%，后两者均跌破30日线支撑，成交量下降明显，周一周二还有2.4万亿左 右，周四、周 ...

证券日报网讯海看股份（301262）10月17日在互动平台回答投资者提问时表示，公司短剧业务目前正在 有序推进，并积极推动各项合作的落地。关于公司营收情况，请以公司计划于2025年10月30日披露的三 季报为准，敬请关注。 ...

周五三大指数全线下挫，上证指数跌1.95%，深证成指跌3.04%，创业板指跌3.36%，后两者均跌破30日 线支撑，成交量下降明显，周一周二还有2.4万亿左右，周四、周五直接跌破2万亿。 港股方面，恒指收跌2.48%，恒生科技指数跌4.05%，均创一个月新低。科技股全线走弱，中兴通讯跌 近13%，中芯国际、华虹半导体双双跌超6%。 全周表现来看，除了中证红利指数微涨0.67%，港A股宽基指数尽数飘绿，恒生科技指数本周跌近8%， 科创100、科创50和科创综指均跌逾6%，创业板指跌5.7%。 | 序号 | 指数代码 | 指数名称 | | 本周涨跌幅% 10月涨跌幅% | | --- | --- | --- | --- | --- | | 1 | HSTECH.HI | 恒生科技 | -7.98 | -10.91 | | 2 | 000698.SH | 科创100 | -6.26 | -10.13 | | 3 | 000688.SH | 科创20 | -6.16 | -8.84 | | 4 | 000680.SH | 科创综指 | -6.08 | -8.91 | | 5 | 399673.SZ | 创业板50 | ...

周五三大指数全线下挫，上证指数跌1.95%，深证成指跌3.04%，创业板指跌3.36%，后两者均跌破30日线支撑，成交量下降明显，周一周二还有2.4万亿左 右，周四、周五直接跌破2万亿。 港股方面，恒指收跌2.48%，恒生科技指数跌4.05%，均创一个月新低。科技股全线走弱，中兴通讯跌近13%，中芯国际、华虹半导体双双跌超6%。 全周表现来看，除了中证红利指数微涨0.67%，港A股宽基指数尽数飘绿，恒生科技指数本周跌近8%，科创100、科创50和科创综指均跌逾6%，创业板指 跌5.7%。 | 序号 | 指数代码 | 指数名称 | 本周涨跌幅% | 10月涨跌幅% | | --- | --- | --- | --- | --- | | T | HSTECH.HI | 恒生科技 | -7.98 | -10.91 | | 2 | 000698.SH | 科创100 | -6.26 | -10.13 | | 3 | 000688.SH | 科创50 | -6.16 | -8.84 | | 4 | 000680.SH | 科创综指 | -6.08 | -8.91 | | 5 | 399673.SZ | 创业板50 | ...

【下周策略】 证券研究报告 2025 年 10 月 17 日 星期五 ◆本周走势回顾 本周大盘低开随后冲高回落，三大指数周 K 线均收跌，沪指 3900 点得而复失。周初受美方关税威胁影响，市场大幅低开，但随后双 方释放缓和信号，指数企稳回升，周五市场再度缩量回调，沪指失 守3900点。从周K线来看，上证指数下跌1.47%，深证成指下跌4.99%， 创业板指下跌 5.71%，科创 50 指数下跌 6.16%，北证 50 指数下跌 4.91%。个股板块普跌，银行、煤炭、食品饮料和交通运输等板块涨 幅靠前，电子、传媒、汽车、通信和机械设备等板块跌幅靠前。 ◆下周大势研判：市场将维持区间震荡走势 从本周市场来看： 首先，9 月物价指数回升，社融、信贷均同比少增。 其次，9 月我国出口再度回升，进口增速大幅上行。 最后，美联储《褐皮书》显示特朗普政府加征的关税正推动整 体通胀上升，市场普遍押注美联储 10 月将再次降息。 总体来看，本周大盘低开随后冲高回落，三大指数周 K 线收跌， 沪指 3900 点得而复失。周初受美方关税威胁影响，市场大幅低开， 但随后双方释放缓和信号，指数企稳回升，周五市场再度缩量回调， 沪指失 ...

徐汇区全栈布局人工智能创新链产业链。 中国发展网讯张侃琦记者缪晓琴报道从勇担国家战略的AI高地，到文脉绵长的西岸滨江、幸福可感的焕新社区， 上海徐汇交出厚重提气的高质量发展答卷。在10月16日举行的上海"十四五"规划成果系列发布会上，徐汇区委书 记曹立强介绍，五年间，徐汇不仅地区生产总值连跨两个"千亿"台阶，预计突破4000亿元，总量居中心城区第 一，还让约21万户居民享受到"三旧"变"三新"民心工程带来的幸福安居。 在智能咖啡机旁畅谈融资方案，跟随"懂创业的陪跑天团"攻克创业早期的艰难瓶颈……在位于漕河泾开发区的奇 绩创坛上海校友中心，浓厚的"传帮带"氛围让这一"创业加速器标杆"更像一所博士后流动站。拔节生长的北杨人 工智能小镇等创新创业载体，则带来更多算力、算法、语料、资本、人才等要素保障。 "这五年，是坚决为国担当、勇为尖兵，人工智能创新创业生态蓬勃发展的五年。"曹立强介绍，徐汇区抢抓发展 机遇，全栈布局人工智能创新链产业链。特别是2023年，38天建成全国首个大模型创新生态社区——"模速空 间"，点燃人工智能创新"核爆点"。目前，全区已集聚1500余家人工智能企业、755家大模型企业和62个备案大模 ...

Core Viewpoint - The A-share market experienced a decline today, with the Shanghai Composite Index dropping by 1.39% and trading volume decreasing by 4.76% compared to the previous trading day [1] Industry Performance Summary - **Coal**: Slight increase of 0.12% with a transaction amount of 165.48 billion yuan, led by Antai Group which rose by 10.00% [1] - **Banking**: Minor decrease of 0.04% with a transaction amount of 302.99 billion yuan, led by Shanghai Bank which fell by 0.83% [1] - **Steel**: Decrease of 0.09% with a transaction amount of 133.07 billion yuan, led by Wujin Stainless Steel which dropped by 7.73% [1] - **Transportation**: Decrease of 0.11% with a transaction amount of 258.60 billion yuan, led by Pulutong which fell by 3.36% [1] - **Textiles and Apparel**: Decrease of 0.25% with a transaction amount of 119.79 billion yuan, led by Yingfeng Shares which dropped by 9.99% [1] - **Oil and Petrochemicals**: Decrease of 0.29% with a transaction amount of 83.04 billion yuan, led by Compton which fell by 3.19% [1] - **Agriculture, Forestry, Animal Husbandry, and Fishery**: Decrease of 0.45% with a transaction amount of 139.82 billion yuan, led by Aonong Biological which dropped by 4.66% [1] - **Real Estate**: Decrease of 0.52% with a transaction amount of 213.60 billion yuan, led by Wolong New Energy which fell by 7.80% [1] - **Utilities**: Decrease of 0.52% with a transaction amount of 302.04 billion yuan, led by *ST Lingda which dropped by 13.20% [1] - **Construction and Decoration**: Decrease of 0.75% with a transaction amount of 278.81 billion yuan, led by Kexin Development which fell by 8.15% [1] - **Home Appliances**: Decrease of 0.79% with a transaction amount of 217.37 billion yuan, led by Greer which dropped by 6.72% [1] - **Food and Beverage**: Decrease of 0.86% with a transaction amount of 194.67 billion yuan, led by Huaiqi Mountain which fell by 6.44% [1] - **Environmental Protection**: Decrease of 0.92% with a transaction amount of 140.79 billion yuan, led by Science which dropped by 6.68% [1] - **Retail**: Decrease of 0.97% with a transaction amount of 173.43 billion yuan, led by Ruoyu Chen which fell by 9.98% [1] - **Social Services**: Decrease of 1.07% with a transaction amount of 89.87 billion yuan, led by Chuangye Heima which dropped by 5.28% [1] - **Light Industry Manufacturing**: Decrease of 1.12% with a transaction amount of 135.66 billion yuan, led by Songyang Resources which fell by 10.02% [1] - **Pharmaceuticals and Biology**: Decrease of 1.16% with a transaction amount of 845.22 billion yuan, led by Warner Pharmaceuticals which dropped by 7.67% [1] - **Basic Chemicals**: Decrease of 1.21% with a transaction amount of 618.91 billion yuan, led by Xinong Shares which fell by 8.88% [1] - **Non-ferrous Metals**: Decrease of 1.24% with a transaction amount of 1149.11 billion yuan, led by Galaxy Magnetics which dropped by 7.14% [1] - **Telecommunications**: Decrease of 1.28% with a transaction amount of 806.90 billion yuan, led by Shijia Photon which fell by 17.59% [1] - **Non-bank Financials**: Decrease of 1.39% with a transaction amount of 491.74 billion yuan, led by Hainan Huatie which dropped by 6.17% [1] - **Building Materials**: Decrease of 1.66% with a transaction amount of 94.02 billion yuan, led by Yaopi Glass which fell by 7.82% [1] - **Media**: Decrease of 1.68% with a transaction amount of 263.96 billion yuan, led by Vision China which dropped by 9.93% [1] - **Beauty and Personal Care**: Decrease of 1.76% with a transaction amount of 33.94 billion yuan, led by Baiya Shares which fell by 4.98% [1] - **Computers**: Decrease of 2.38% with a transaction amount of 1005.18 billion yuan, led by Kaipu Cloud which dropped by 11.94% [1] - **Comprehensive**: Decrease of 2.42% with a transaction amount of 27.84 billion yuan, led by Dongyangguang which fell by 4.70% [1] - **Defense and Military Industry**: Decrease of 2.55% with a transaction amount of 387.73 billion yuan, led by Hangyu Technology which dropped by 8.38% [1] - **Machinery and Equipment**: Decrease of 2.68% with a transaction amount of 940.87 billion yuan, led by Yingweike which fell by 10.00% [1] - **Automobiles**: Decrease of 2.69% with a transaction amount of 775.95 billion yuan, led by Tianpu Shares which dropped by 10.00% [1] - **Electronics**: Decrease of 3.19% with a transaction amount of 2631.19 billion yuan, led by Nanya New Materials which fell by 16.26% [1] - **Electric Power Equipment**: Decrease of 3.79% with a transaction amount of 1881.52 billion yuan, led by Shenghong Shares which dropped by 11.80% [1]

| 农林牧渔(申万) | -0.45 | 16.59 | | --- | --- | --- | | 社会服务(申万) | -0.99 | 7.63 | | 国防军工(申万) | -1.27 | 17.25 | | 医药生物(申万) | -1.96 | 20.93 | | 房地产(申万) | -1.96 | 9.57 | | 家用电器(申万) | -1.99 | 4.86 | | 基础化工(申万) | -2.02 | 22.87 | | 综合(申万) | -2.40 | 34.13 | | 机械设备(申万) | -2.50 | 33.88 | | 电力设备(申万) | -2.84 | 39.62 | | 汽车(申万) | -3.75 | 23.60 | | 计算机(申万) | -4.21 | 22.64 | | 通信(申万) | -4.87 | 54.69 | | 电子(申万) | -5.64 | 44.85 | | 传媒(申万) | -7.46 | 25.57 | 板块来看，31只申万一级行业指数中，煤炭行业指数暂居本月涨幅首位，而该行业年初至今仅涨0.88%，涨幅明显仅略好于石油石化、食品饮料和交通运输 ...