Core Points - The A-share market saw all three major indices rise in the morning session, with the Shanghai Composite Index up 0.08%, the Shenzhen Component Index up 0.39%, and the ChiNext Index up 0.47% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 999.6 billion yuan, a decrease of 40.6 billion yuan compared to the previous day [1] - Over 3,500 stocks in the market experienced gains, indicating a broad-based rally [1] Sector Performance - CPO concept stocks surged, while local stocks in Fujian remained active; sectors such as superconductors, ultra-high voltage, 6G, and photovoltaic indices showed significant gains [1] - The banking, real estate, and pharmaceutical sectors faced declines, with the real estate sector leading the losses [1] - ETFs related to industrial and non-ferrous metals led the gains, with the Wanjia Fund's industrial non-ferrous ETF rising by 2.5% [1] - The electric grid equipment sector performed well, with multiple ETFs in this category rising by 2% [1] - The photovoltaic sector also saw a rise, with leading ETFs in this space increasing by 2% [1] - Real estate ETFs declined by 1.4%, reflecting the struggles in the real estate sector [1] - Japanese stocks fell, with the Tokyo Stock Exchange Index ETF down by 1.2% [1] - The innovative drug sector showed weakness, with ETFs in this category declining by 1% [1]

Group 1 - A-shares experienced a significant decline with a trading volume of 280 billion, while the CPO sector saw a brief surge in early trading [1] - The AI ETF from Huaxia on the ChiNext index rose over 2% before turning negative, with a net subscription of 28 million units as of the report [1] - The Free Cash Flow ETF expanded its gains to 0.59%, attracting a net inflow of 140 million units during the session, marking 18 consecutive days of inflows totaling 2.027 billion [1] Group 2 - Recent developments in AI, including Alibaba's increased focus on AI applications and ByteDance's launch of the Doubao mobile assistant, are driving demand for computational power [1] - The stock price of Credo surged after exceeding earnings expectations, prompting Morgan Stanley to significantly raise its production forecast for Google's TPU [1] - The market is shifting styles as year-end approaches, with increased attention on dividend strategies [1]

Market Sentiment - The current market sentiment is weak, leading to low trading volumes and a lack of confidence among investors [3] - There is a perception that the current market position lacks value, and there are no sustainable leading sectors at the moment [3] Market Trends - The market has experienced three consecutive days of gains followed by declines, which has significantly hurt investor sentiment [2] - The trading volume has been shrinking, with a peak trading volume of 3.2 trillion, and a current volume of approximately 1.73 trillion, indicating a potential emotional low point [3] Economic Indicators - Recent declines in the market were attributed to high positioning, expectations of interest rate cuts by the Federal Reserve, and liquidity issues in the U.S. and global markets [2] - The expectation of a Federal Reserve interest rate cut in December has returned, as evidenced by the strength in precious metals like gold and silver, and the appreciation of the Chinese yuan [2] Technical Analysis - The market is currently facing resistance at key trend lines, with a combination of minute-level and 15-minute level structures indicating a potential top [6] - The absence of a significant left-side signal at the bottom suggests that the current rebound is not a reversal but merely a temporary reaction [6]

图：上证指数日K线走势 来源：养基笔记 今天上证指数盘中冲高，触碰60日均线之后开始回落，不过最终还是以红盘报收。从行业板块来看，煤炭、地产、银行表现相对坚挺，对冲了大盘下滑的趋 势。早盘冲高的科技股，如CPO、电池、芯片等午盘随大势回落。 海外方面，11月26日，美国贸易代表办公室宣布，将把针对中国技术转让和知识产权问题、依据301条款调查所设立的关税的豁免延长至2026年11月10日。 11月27日降息预期大反转，凌晨美联储表示近期美国经济活动总体变化不大，整体消费者支出进一步下降，部分企业预警未来数月活动放缓风险上升。目前 交易员们正在加大力度押注美联储将在12月议息会议进一步降息。 免责声明：内容仅供参考，不构成任何投资建议！ 如果稍微回踩一下，大盘就继续上行，那自然是最好的，小跌大涨，大家都赚点钱。不过，对于悲观一点的预期来讲，如果后面几天回调力度过大的话，可 能跌破前期的低点，继续下破3800点，朝着120日均线寻求支撑，也就是说这次的调整，可能会稍微久一点，以便为明年的春季行情出清筹码、腾出空间。 无论是那种情况，我还是倾向于长期看好的，小调整就由它去，不操作，遇到稍微大的调整时就减减仓，时刻保 ...

Market Overview - A-shares experienced a day of fluctuations, with the Shanghai Composite Index closing up by 0.29%, while the Shenzhen Component Index and the ChiNext Index fell by 0.25% and 0.44% respectively [4][6] - A total of 2,790 stocks rose, with 63 hitting the daily limit up, while 2,447 stocks declined [5][6] Sector Performance - The organic silicon sector showed strength, with stocks like Hongbai New Materials and Chenguang New Materials hitting the daily limit up [6] - Solid-state battery concept stocks surged, with Haike New Source and Huazi Technology also reaching the daily limit up [7] - The consumer electronics sector was active, with stocks such as HiVi Technology and Furi Electronics hitting the daily limit up, following a new implementation plan from the Ministry of Industry and Information Technology aimed at enhancing consumer goods supply and demand adaptability [8][9] Notable Stocks - Notable gainers included: - Huasheng Lithium Battery, up 15.54% at 115.86 - Jinyinhai, up 12.96% at 51.08 - Yuanchuang New Materials, up 11.03% at 47.21 [7] - Decliners included: - Pinming Technology, down 12.10% at 153.38 - Kaichun Co., down 12.02% at 36.46 - Sanwei Tiandi, down 10.69% at 42.21 [10] International Market Insights - The Indian stock market reached new highs, with the Nifty 50 index touching 26,284.2 points and the BSE Sensex reaching 86,055 points, driven by expectations of interest rate cuts and a rebound in tech stocks [13] - The Nikkei 225 index rose by 1.23%, while the Korean Composite Index increased by 0.66% [16]

截至午间收盘 该指数涨跌 该指数 滚动市智率 该指数自 发布以来 今日早盘，先进封装、CPO、半导体等硬科技板块领涨，带动科创板系列指数上行。截至午间收盘，科创板50指数、科创综指均上涨1.0%，科创成长指数 上涨0.9%，科创100指数上涨0.8%。Wind数据显示，截至昨日，科创板50ETF（588080）近一周"吸金"约5亿元。 跟踪上证科创板成长指数 该指数由科创板中营业收入与净利 润等业绩指标增长率较高的50只股 票组成,成长风格突出,业绩高增 长行业占比高,电子、医药生物行 业合计占比近75% 85. 注! "波扬愈"描谷上述基金产品具体图踪的指数。数据来自川nd，报数强建4種硬至2025年11月27日午间收盘，滚动市温章、估值分位蔓延2025年11月26日。滚动市盈華=总市值/工近四 的净利润，该估值指标和企业业划紧密相关，适用于盈利相对稳定且受困税影响较小的行业。佔值分位指该新数历史上演动市盈率低于当前滚动市盈率的时间占比，估值分位低表示程对题， 数发布日至4025年11月26日，上证科创板50成份嫌数2020年7月23日发布。上证科创板103板数2023年8月7日发布。上证科创板综合指数20 ...

格隆汇11月27日｜A股三大指数早盘集体上涨，截至午间收盘，沪指涨0.49%报3883.01点，深成指涨 0.38%，创业板指涨0.56%，北证50指数跌0.09%。沪深京三市半日成交额10970亿元，较上日缩量469亿 元，全市场超3300只个股上涨。盘面上，消费电子、CPO、电池板块领涨，海南自贸区、影视院线等板 块走低。 | 上证指数 | | | | | 深证成指 | 创业板指 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | -3883.01 | | | | -12956.99 | | -3061.79 | | | | | +18.83 +0.49% | | | | +49.16 +0.38% | | +17.1 +0.56% | | | | | | 市场概况 73.87%用户看涨 > | | | | | | | | | | | | | | 2683 | | | | | | | | | | | 1596 | | | | | | | 53 67 | 30 | 129 | 429 | 232 | | 192 57 ...

A股三大指数早盘集体上涨，截至午间收盘，沪指涨0.49%报3883.01点，深成指涨0.38%，创业板指涨 0.56%，北证50指数跌0.09%。沪深京三市半日成交额10970亿元，较上日缩量469亿元，全市场超3300 只个股上涨。盘面上，消费电子、CPO、电池板块领涨，海南自贸区、影视院线等板块走低。 ...

Market Overview - The A-share market opened with mixed performance, with the Shanghai Composite Index up by 0.08% to 3867.20 points, while the Shenzhen Component Index and the ChiNext Index fell by 0.03% and 0.11% respectively [2][3] - The Hong Kong market also opened with the Hang Seng Index rising by 0.07%, while the Hang Seng Tech Index decreased by 0.1% [4] Sector Performance - In the A-share market, the non-ferrous metals sector opened strongly, with tin and aluminum leading the gains. The AI computing concept remained active, with Cambrian rising over 3% [3] - Conversely, the CPO concept experienced a general pullback, with lithium battery, aquaculture, and real estate sectors mostly declining. Vanke A opened with a significant drop of nearly 5% [3] - In the Hong Kong market, the non-ferrous sector also saw gains, with China Aluminum rising over 4% and Zijin Mining increasing nearly 3%. However, Vanke Enterprises opened down over 5%, nearing its historical low [4]

Group 1 - The A-share market opened with mixed results, with the Shanghai Composite Index up by 0.08%, while the Shenzhen Component and ChiNext indices fell by 0.03% and 0.11% respectively [2][3] - The non-ferrous metal industry showed a collective rise, with tin and aluminum leading the gains, while the AI computing power concept remained active, with Cambrian rising over 3% [3] - The CPO concept experienced a general pullback, with sectors such as lithium batteries, aquaculture, and real estate mostly declining, and Vanke A opening down nearly 5% [3] Group 2 - The Hong Kong market opened with the Hang Seng Index up by 0.07%, while the Hang Seng Tech Index fell by 0.1%, with tech stocks like Baidu Group dropping over 1% [4] - The non-ferrous sector in Hong Kong also saw gains, with China Aluminum rising over 4% and Zijin Mining up nearly 3%, while Vanke Enterprises opened down over 5%, close to its historical low [4] - The People's Bank of China conducted a 7-day reverse repurchase operation of 356.4 billion yuan at an interest rate of 1.40%, with 300 billion yuan of reverse repos maturing today [4]