不惧急跌！ 这个跌幅，反而可以放心了。去年那种阴跌，包括像1月份那种天天涨起来被汇金砸下去才烦躁，大跌反而如释重负了。 今日，三大指数回调明显，大盘指数总算等到像样的急跌了。市场，本来就是反复震荡的过程，大家必须接受急跌，急涨，盘整等等，一轮牛市带走大部利 润很不容易…… 今日跌幅多的依旧是之前涨多的筹码，有色化工、半导体等等，CPO是高开低走了，这个可能还会补跌，白酒银行没跌，证券冲高回落了，地产回调也明 显，不过刚好是消化业绩利空了。 大概率还会继续惯性回踩，不过向下的空间有限了，这次的急跌很干脆，临近收盘都没有护盘的小动作，白酒银行也没有明显的拉升。 如果，市场想指数重拾走势只需要拉升证券就行了，目前没有什么值得担忧的事情。大盘指数需要一次急跌释放风险，让大家冷静，同时也给市场降温，慢 牛不需要这么高的成交量驱动行情上涨。 离春节还有9个交易日，本周的后半段适合拉升，前半段的下跌是为了奠定后面的上涨。关键时刻，还得证券拉升，白酒银行是防御的属性，只有证券配合 科技拉升，市场才容易继续向上。 今日，所有科技都在跌，不仅仅是半导体，还有恒科也跌得莫名其妙了，一切都没有问题，关键是自己的策略了。当下的位置只需 ...

Market Overview - The A-share market opened with mixed performance among the three major indices, followed by a downward trend with all indices falling over 1% [1] - As of the midday close, the Shanghai Composite Index decreased by 1.32%, the Shenzhen Component Index fell by 1.41%, and the ChiNext Index dropped by 1.18% [1][2] - The total trading volume for the half-day reached 1.66 trillion yuan, with nearly 3,500 stocks declining [1] Index Performance - Shanghai Composite Index: 4063.54, down 54.41 points (-1.32%) [2] - Shenzhen Component Index: 14006.25, down 199.65 points (-1.41%) [2] - ChiNext Index: 3306.94, down 39.41 points (-1.18%) [2] - CSI 300 Index: 4656.16, down 50.18 points (-1.07%) [2] - CSI 500 Index: 8179.80, down 190.72 points (-2.28%) [2] - CSI 1000 Index: 8105.79, down 149.07 points (-1.81%) [2] Sector Performance - The liquor sector showed strong performance with multiple stocks rising significantly [3] - The commercial aerospace sector was also active, with several stocks experiencing substantial gains [3] - Other sectors that performed well included optical communication, CPO concepts, and superhard materials [3] - Conversely, the three major telecom operators collectively weakened, and the chip industry chain continued to decline, particularly in the storage sector [3] - Other sectors with notable declines included non-ferrous metals, oil and gas, agriculture, and semiconductors [3]

黄金、有色金属板块大面积跌停。 09:33 CPO概念反复活跃，新易盛涨超10%，续创历史新高，总市值突破4600亿，腾景科技、德科立、长飞光纤等跟涨。消息面上，新易盛公 告，预计2025年度净利润为94亿元至99亿元，同比增长231.24%至248.86%。 09:31 电网设备板块逆势走强，顺钠股份、白云电器、三变科技涨停，亿能电力、新特电气、保变电气、双杰电气涨幅靠前。消息面上，当 前，全球AI算力建设进入爆发期，电力设备变压器正升级为算力基础设施的核心。在广东、江苏等地，大量变压器工厂已经处于满产的状 态，其中部分面向数据中心的业务订单都排到了2027年。 09:26 黄金、有色金属板块大面积跌停，湖南黄金、晓程科技、西部黄金、四川黄金等多股跌停。消息面上，受获利回吐和短期期货交易者多 头平仓等因素影响，国际黄金和白银价格1月30日继续大幅下跌，均创下数十年来最大单日跌幅。 | 代码 | 名称 | 涨幅晶 | 现价 | | --- | --- | --- | --- | | 300139 | 晓程科技 | -20.00% | 54.00 | | 002237 | 恒邦股份 | -10.02% | 18 ...

Group 1 - The overall performance of the A-share market in January showed a 3.76% increase in the Shanghai Composite Index, stabilizing above 4100 points despite significant volatility [3] - The market experienced a deep V-shaped reversal, indicating strong resilience, with a notable rebound after an early morning drop [3] - Key factors for the market's recovery included the absence of panic selling in broad-based ETFs and the strength of technology and agriculture sectors [3][4] Group 2 - February is expected to be a volatile month with structural opportunities rather than broad market rallies, as performance will depend on earnings rather than just speculation [4] - Focus areas for investment include the external demand cycle, particularly in manufacturing sectors like electrical equipment and engineering machinery, which are benefiting from global recovery [4] - The AI industry is highlighted as a key investment area, with a shift towards focusing on companies with actual performance in critical segments like computing power and storage [4] - Traditional industries such as chemicals are also noted for potential gains due to improved competitive dynamics and pricing power [4] - Practical advice for February includes maintaining a position of 30-50% in the market, with key support levels identified around 4090-4100 points for potential buying opportunities [4]

今日早盘，小编刚发了刚刚，金、银价格急跌后反弹，油价大涨！数十万人爆仓！特朗普称俄对乌部分地区停火一周 结果，市场直接来了个"大嘴巴子"，全球金融市场集体杀跌，再现剧烈波动！ 金属板块昨日巨震后，今日急转直下 截至发稿，伦敦金跌4.45%，伦敦银跌7.05%，伦铝跌1.52%，伦铜跌2.86%，纽约铂跌8.07%，纽约钯跌7.83%。 国内商品期货市场收盘，主力合约多数下跌。跌幅方面，碳酸锂跌停，跌幅10.99%，钯跌近12%，铂跌超11%，沪锡跌超8%，多晶硅、沪银跌超6%，沪 金、铸造铝跌超4%，沪镍跌近4%，沪铝跌超3%，国际铜、沪铜跌近3%，不锈钢跌超2%，玻璃、氧化铝跌近2%，欧线集运、棉花、沪铅、鸡蛋、纸浆等 跌超1%；涨幅方面，PVC涨超3%，原木涨超2%，焦煤、丁二烯胶、焦炭涨超1%。 一德期货贵金属分析师张晨表示，2026年以来，贵金属市场大幅上涨，其中金、银、铂价格不断创历史新高，白银市场更是出现单月价格涨超60%的史诗 级暴涨，市场看涨情绪浓厚。如今，金属市场冲高后回落且下跌斜率陡峭，原因是前期行情火热下的部分潜在利空因素开始兑现： 一是资金减仓离场。比如，世界最大的白银SLV-ETF在 ...

Group 1 - The A-share market experienced a total of 57 stocks hitting the daily limit up and 60 stocks hitting the daily limit down on January 30 [1] - The agricultural planting sector was active, with companies like Nongfa Seed Industry and Denghai Seed Industry reaching the limit up [1] - The laser industry concept strengthened, with Jepu Te hitting the limit up [1] Group 2 - CPO concept stocks rose, with Hengtong Optic-Electric hitting the limit up [1] - Tian Di Online achieved 6 limit ups in 10 days, while *ST Chengchang had 6 limit ups in 7 days [1] - Other notable stocks included Hunan Gold with 5 consecutive limit ups and Tianqi Co. with 3 limit ups in 5 days [1] Group 3 - *ST Wanfang faced 14 consecutive limit downs, while *ST Jinglun had 4 consecutive limit downs [1] - *ST Sailong experienced 3 consecutive limit downs, and other companies like Jinmoly Co. and Pengxin Resources also faced limit downs [1]

Market Performance - The Shanghai Composite Index fell by 0.96%, while the ChiNext Index rose by 1.38% [1] - There was a significant decline in gold and base metal stocks, with several hitting the daily limit down [1] - Sectors such as liquor, real estate, brokerage, and oil & gas experienced notable declines [1] Sector Highlights - Commercial aerospace, fintech, photovoltaic, and AI application sectors underwent adjustments [1] - CPO and Yushu robotics concept stocks were active, while agricultural stocks strengthened [1] ETF Movements - The A500 ETF saw a notable increase of 5.6% [1] - AI hardware showed strength, with CPO concept stocks rising during the session [1] - The Guotai Fund's communication ETF and Guangfa communication ETF both increased by 3% [1] - The chip design sector was active, with the Guolianan Fund's Sci-Tech chip design ETF rising by 2.3% [1] Commodity and Metal Sector - The metal sector experienced a deep correction, with gold stock ETFs and related stocks hitting the daily limit down [1] - The non-ferrous metal sector also saw a decline, with the industrial non-ferrous ETF from Wanji hitting the daily limit down [1]

Summary of Key Points from Conference Call Records Industry Overview - The focus is on the traditional computing power sector, with significant institutional buying in pure equity funds and a notable decline in sentiment towards convertible bond funds [1][2] - The precious metals market remains a key focus, with COMEX gold and silver experiencing volatility but recovering due to news of Zijin Mining's overseas acquisitions [2] Market Dynamics - The stock market experienced significant selling pressure early in the day, with over 4,500 stocks declining, but later recovered to close up 0.14% [1] - The overall trading volume decreased by 360 billion, falling to 2.92 trillion [1] - Growth sectors such as technology and emerging industries saw substantial gains, while traditional sectors like CPO, semiconductor, and storage rebounded sharply [1][2] Investment Trends - Institutional funds showed a continued increase in positions in equity assets, with a shift towards pure equity funds, indicating a potential influx of higher-risk capital [2][3] - The net subscription ratio for passive equity funds was reported at 1.61%, with significant buying from wealth management subsidiaries [3] - The net subscription ratio for active equity funds was slightly higher at 1.62%, with all institutions increasing their positions [3] Sector-Specific Insights - The automotive and machinery sectors received 40% of the inflows, followed by electronics, communications, and new energy [4] - The top sectors for increased investment included electronics, banking, automotive, new energy, and non-bank financials [5] - The convertible bond market saw a net subscription ratio of 0.27%, but overall buying volume significantly decreased compared to the previous two weeks [5] Risk Considerations - The convertible bond market is facing supply-demand imbalances, which could lead to significant volatility if demand weakens [2] - The lithium battery sector experienced a sharp decline due to a sudden drop in lithium carbonate prices, highlighting localized risks [2] Conclusion - The market is currently characterized by a return to traditional computing power investments, with a mixed sentiment in the convertible bond space and a focus on growth sectors. The overall trading environment remains cautious, with attention to sector-specific dynamics and potential risks.

Market Overview - The market showed signs of recovery with all three major indices closing in the green, and the ChiNext Index rising over 1% at one point. The total trading volume in the Shanghai and Shenzhen markets was 2.89 trillion, a decrease of 353.2 billion from the previous trading day. Despite this, over 3,400 stocks fell [1]. Sector Performance - The semiconductor sector experienced a strong rally, with companies like Huahong Semiconductor reaching historical highs. Other stocks such as Dongxin Technology and Shengke Communication also hit their daily limits. According to Omdia, the Chinese semiconductor market is expected to grow by 31.26% by Q4 2026, reaching a market size of $546.5 billion [2]. - The CPO concept saw active performance, with Yuanjie Technology rising over 10% to reach a historical high. The data center and transmission network construction driven by AI is projected to push the optical module market revenue to exceed $18 billion by 2025 [3]. - The space photovoltaic sector rebounded in the afternoon, with Yujing Technology achieving three consecutive daily limits. Elon Musk's plans for satellite deployment are expected to significantly impact the space photovoltaic market [3][4]. Individual Stock Highlights - In the precious metals sector, stocks like China Gold and Hunan Gold continued their strong performance, with multiple consecutive daily limits observed. The commercial aerospace concept stocks also showed signs of recovery, with companies like Electric Science and Technology hitting their daily limits [6]. - AI applications and computing rental sectors were active, with Tian Di Online achieving four consecutive daily limits. The overall market sentiment showed a rotation among various hot sectors, although the impact on the overall sector was limited [6]. Future Market Analysis - The market demonstrated strong support above the 20-day moving average, indicating a potential upward trend. However, the market remains in a volatile structure, with significant stock divergence observed. Despite the overall index gains, over 3,400 stocks still declined [7]. - Key sectors to focus on include commercial aerospace, AI applications, precious metals, semiconductors, and computing hardware, with an emphasis on identifying core stocks for low-entry opportunities during short-term fluctuations [7]. Industry Insights - Industry experts predict that the memory chip shortage will persist for at least two to three more years, primarily due to the high demand from AI infrastructure. Major memory manufacturers are working to expand production, but achieving their targets will take at least two years [9]. - According to the National Bureau of Statistics, profits for large-scale industrial enterprises in China are expected to grow by 0.6% in 2025, with state-owned enterprises projected to see a decline in profits [10][11].

Market Overview - On January 27, the market rebounded after a dip, with all three major indices turning positive; the Shanghai Composite Index rose by 0.18%, the Shenzhen Component Index by 0.09%, and the ChiNext Index by 0.71% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.92 trillion yuan, a decrease of 359.2 billion yuan compared to the previous trading day [1] - Over 3,400 stocks in the market experienced declines [1] Sector Performance - The chip industry chain continued to rise, with notable performances from companies like Huada Technology and Hanhua Technology, which saw significant gains [1] - Precious metals maintained strong momentum, with China Gold achieving three consecutive trading limit increases and Hunan Gold two consecutive increases [1] - The CPO concept showed active performance, with Yuanjie Technology rising over 10% to reach a historical high [1] - The coal and battery sectors faced the largest declines, with battery-related stocks like Tianji Co. and Huasheng Lithium falling over 6% [1] Chip Sector Highlights - Chip stocks led the market rally, with Huada Technology hitting the trading limit and Huahong Semiconductor rising over 8% during the day, reaching a market capitalization of over 200 billion yuan [1] - Dongxin Co. and Shengke Communication both hit the trading limit, while several other stocks in the sector saw gains exceeding 12% [1][2] External Influences - The surge in stock prices of South Korean memory chip giant SK Hynix, which rose nearly 8% to reach a historical high, was identified as a factor driving the strength of related A-share concept stocks [4] - Samsung Electronics announced a price increase of over 100% for NAND flash memory supply in Q1, significantly exceeding market expectations [4] - Micron Technology plans to invest an additional $24 billion in Singapore over the next decade to expand capacity in response to the AI-driven demand for memory chips [4] Solar and Aerospace Sectors - The space photovoltaic concept saw a rebound, with companies like Laplace and Zhonglai Co. experiencing significant gains [4] - Elon Musk's announcement regarding the deployment of data centers and satellites through Starship over the next 4-5 years is expected to support the growth of the space photovoltaic sector [4] - The commercial aerospace sector also saw short-term gains, with companies like Shenglu Communication hitting the trading limit and others rising over 10% [5] Aviation Sector Developments - The large aircraft sector continued to rise, with companies like AVIC Control and AVIC Technology hitting the trading limit, and others like Tunan Co. and AVIC Power seeing gains over 10% [6] - Individual stock BoHui Innovation experienced a sudden surge, rising over 10% within 10 minutes, following the announcement of its self-developed Nipah virus nucleic acid testing kit [6]