（文章来源：证券日报） 证券日报网讯 2月2日，赤峰黄金发布公告称，于2026年2月2日召开第九届董事会第二次会议，审议通 过了《关于聘任公司副总裁的议案》。根据相关规定，经公司总裁提名、董事会提名委员会审核及董事 会审议通过，同意聘任张天航先生为公司副总裁，任期自本次董事会审议通过之日起至公司第九届董事 会任期届满之日止。 ...

Market Overview - The A-share market has experienced a significant adjustment, with the Shanghai Composite Index falling below the 4100-point mark, primarily due to the decline of resource cyclical stocks [3] - The Shenzhen Component Index has seen a substantial drop influenced by both technology and cyclical sectors, while the ChiNext Index is under pressure from high-valuation stocks [3] Sector Performance - The market is characterized by a broad decline, although some sectors remain active, such as the strong performance of ultra-high voltage concept stocks and the resilience of liquor stocks [3] - Other sectors like cultural media AI applications and film industry themes are also showing activity, while gold, non-ferrous metals, oil and gas, coal, steel, and chemical sectors are experiencing significant downturns [3] Trading Volume and Sentiment - The total trading volume in the two markets has decreased by 8.8%, indicating a reduction in trading activity as the Spring Festival approaches, leading to increased risk aversion and a strong wait-and-see sentiment among investors [5] - There is an adjustment demand within the market, with previously popular sectors facing profit-taking pressure, prompting a shift in funds from high-risk, cyclical sectors to more defensive and stable sectors [5] Fund Flow Dynamics - There has been a net outflow of 19.98 billion from institutional funds, while retail investors have seen a net inflow [6] - Institutions are reallocating funds away from sectors like electronics, semiconductors, and non-ferrous metals, directing them towards defensive sectors such as electric grid equipment, liquor, and food and beverage [7] Retail Investor Behavior - Retail investor sentiment is reported at 75.85%, indicating a relatively high level of engagement despite market volatility [8] - The current positioning shows 28.19% of retail investors increasing their holdings, while 19.85% are reducing their positions, with 51.96% choosing to hold their positions steady [10]

Market Overview - Domestic commodity futures closed lower, with major contracts such as silver, palladium, platinum, nickel, tin, copper, aluminum, international copper, stainless steel, crude oil, fuel oil, aluminum alloy, and lithium carbonate hitting the limit down [1][4] - The zinc futures fell over 6%, while fuel oil and pure benzene dropped over 5%. Ethylene glycol and liquefied gas fell more than 4%, and other commodities like NR and coke saw declines exceeding 3% [1][4] Stock Market Performance - The A-share market experienced a significant adjustment, with all three major indices dropping over 2%. The Sci-Tech Innovation 50 Index fell over 3% [1][4] - The total trading volume in the Shanghai and Shenzhen markets was 2.58 trillion yuan, a decrease of 250.8 billion yuan compared to the previous trading day [1][4] - Over 4,600 stocks in the market declined, with 123 stocks hitting the limit down [1][4] Sector Analysis - The liquor sector showed resilience, with stocks like Huangtai Liquor and Jinhui Liquor performing well, while the electric grid equipment sector also saw gains with multiple stocks hitting the limit up [1][4] - Conversely, sectors such as non-ferrous metals, oil and gas, chemicals, coal, and semiconductors faced significant declines, particularly the non-ferrous metals sector, which saw multiple stocks like Sichuan Gold and Chifeng Jilong Gold hitting the limit down [1][4] - The storage chip sector experienced a sharp decline, with stocks like Zhaoyi Innovation and Kaipu Cloud also hitting the limit down [1][4] Index Performance - The Shanghai Composite Index closed down 2.48%, the Shenzhen Component Index fell 2.69%, and the ChiNext Index decreased by 2.46% [5]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中国基金报 记者 储是 【导读】贵金属"崩了"，集体下挫 今日，贵金属市场"崩了"。全球股票市场中，已开盘的主要市场均下跌，港股三大指数再度大幅下挫。 港股三大指数大幅回撤 2206年2月2日，截至收盘，恒生指数盘中一度跌超3.2%，最终收跌2.23%，重挫超600点；恒生科技指数盘中一度下挫超4%，最终收跌3.36%；恒生国企 指数跌2.54%。今日跌幅超过3%的还有恒生生物科技指数，跌幅为3.70%。 盘面上，有色金属板块集体下挫，汽车股全天低迷，半导体芯片股、生物医药股、煤炭股、石油股、保险股等纷纷走低；博彩和酒业股逆市走强。 华泰证券分析指出，本轮调整主要源于指数短期快速上行后的技术性回撤，叠加美联储主席提名人沃什偏鹰派言论引发的情绪扰动，并非趋势性反转信 号。当前核心关注点在于波动持续性，一季度三大驱动逻辑依然坚实，分别是：全球货币政策预期边际转暖，流动性环境改善；企业盈利预期上修，经济 复苏带动盈利修复预期增强；南向资金与外资配置需求形成合力。 | 名称 | 现价 | 涨跌幅▶ | | --- | --- | --- ...

2.2黄金行情走势分析： 前言： 2025年的黄金市场，既有数字增长的收获，更领悟了"顺势而为、坚守本心"的智慧。市场不缺机会，缺 的是看透本质的认知与抗波动的定力，这份收获是对理性判断与长期主义的最好印证。2026，新一年， 带着沉淀继续稳步前行即可。 近期有哪些消息面影响黄金原油走势？后市黄金多空该如何研判？ 周一（2月2日）亚市时段，现货黄金在获利了结盘压力下大幅下挫，延续前两个交易日跌势，现交投于 每盎司4555美元附近，日内跌幅约6%，截至13:54，此前一度跌至三周低点4497.39美元/盎司，上周五 金价跌幅近10%。此前，凯文·沃什被提名为下一任美联储主席的消息缓解了市场对美联储独立性的担 忧，美国政治稳定性显现迹象，促使金价在上周创下历史高点后延续跌势。另一方面，包括美伊紧张局 势缓解在内的地缘风险支撑部分退场，可能削减黄金等传统避险资产吸引力。交易员将密切关注美伊谈 判进展，以及沃什政策方向的进一步明朗化。不过，主要央行的购金需求料将在一定程度上限制金价下 行空间。美国供应管理协会（ISM）制造业采购经理人指数（PMI）数据将于周一晚些时候公布，预计 1月数据将从12月的47.9改善至48 ...

Market Overview - On February 2, the trading volume of the Shanghai and Shenzhen stock markets was 2.58 trillion yuan, a decrease of 250.8 billion yuan compared to the previous trading day [1] - The precious metals and non-ferrous metals sectors experienced a significant decline, while the electric grid equipment and liquor sectors saw notable gains [1] Stock Performance - Notable gainers included: - STR (+5.19% to 2.23 yuan) with a trading volume of 3.49% [2] - *ST Huqing (+5.03% to 8.14 yuan) due to performance expectations and termination of equity transfer [2] - Huangtai Liquor (+9.98% to 17.52 yuan) driven by regional brand strength and shareholder increase [2] - Horizontal Film (+10.00% to 28.05 yuan) benefiting from the Spring Festival box office [2] - Wanfu Co. (+9.99% to 28.30 yuan) due to rising dye prices [2] Stock Declines - High-profile stocks facing declines included: - ST Jinglan with 6 consecutive gains [3] - Deep Technology (-10.00% to 29.24 yuan) due to a downturn in the storage chip sector and significant prior gains [14] - Kaipu Cloud (-20.00% to 195.84 yuan) with a projected net loss for 2025 [17] Institutional Trading - The top three net purchases on the daily leaderboard were: - Zhongchao Holdings with a net purchase of 512 million yuan [5] - Baobian Electric with a net purchase of 436 million yuan [5] - Shuangjie Electric with a net purchase of 308 million yuan [5] - The top three net sales were: - Deep Technology with a net sale of 251 million yuan [6] - Kaipu Cloud with a net sale of 192 million yuan [6] - Tianlong Group with a net sale of 187 million yuan [6] Sector Insights - Zhongchao Holdings is involved in commercial aerospace and high-temperature alloys, with strong demand for transformers and data center orders extending to 2027 [9] - Deep Technology's recent performance has been impacted by stricter customer audits from major storage manufacturers [14] - Kaipu Cloud's projected losses indicate a significant decline in profitability, with expectations of a 139% to 158% decrease in net profit [17]

Market Overview - On February 2, the market experienced fluctuations with all three major indices falling over 2%, and the Sci-Tech 50 index dropping over 3%. The Shanghai Composite Index closed down 2.48%, the Shenzhen Component Index down 2.69%, and the ChiNext Index down 2.46% [1] - The total trading volume in A-shares was 2.61 trillion yuan, a decrease of 255.83 billion yuan compared to the previous trading day. Over 4,700 stocks in the market declined, with 125 stocks hitting the daily limit down [1] Sector Performance - The liquor sector showed resilience, with Huangtai Liquor achieving three consecutive trading limits, and Jinhuijiu hitting two limits in three days. Water Well Liquor also reached the daily limit up [3] - Conversely, the non-ferrous metals, oil and gas, chemicals, coal, and semiconductor sectors faced significant declines. The non-ferrous metals sector was particularly hard hit, with multiple gold stocks such as Zhaojin Gold and Sichuan Gold experiencing limit downs [3][5] - The oil and gas sector also suffered, with domestic crude oil and fuel futures contracts hitting the limit down, both dropping approximately 7%. Brent crude oil futures fell to $66 per barrel, down 4.67%, while WTI crude oil futures dropped below $62 per barrel, down 4.94% [5][6] Hong Kong Market - The Hong Kong stock market opened lower and continued to decline, with the Hang Seng Technology Index expanding its losses to 4% in the afternoon. The Hang Seng Index closed down 2.23%, and the Hang Seng Technology Index fell 3.36% [6][7] - The precious metals sector in Hong Kong also faced significant losses, with stocks like Shandong Gold and Chifeng Jilong Gold dropping over 12% [7] - The three major telecom operators in China collectively weakened, with China Unicom down over 6%, China Telecom down over 5%, and China Mobile down over 2%. This was influenced by an adjustment in the value-added tax rate for telecom services from 6% to 9%, which will impact the revenue and profits of these companies [7]

2月2日，恒生指数遭遇重挫，失守20天线。恒生指数收报26751.84点，下跌2.32%，恒生科技指数收报 5518.88点，下跌3.49%，国企指数收报9074.44，下跌2.6%。 根据富途牛牛数据，银行板块下跌0.93%，线上零售商板块下跌3.41%，保险行业下跌2.57%，油气生产 商板块下跌3.90%，汽车板块下跌5.52%。 光大证券国际策略师伍礼贤向21世纪经济报道记者表示，此次港股下挫与贵金属价格大幅下跌有密切关 联。贵金属期货价格暴跌引发部分仓位爆仓，进而拖累金属及资源股板块集体走低。他指出，近期贵金 属期货的波动对市场情绪影响显著，股市走势与其表现的相关性较高。 伍礼贤对港股中期走势仍保持乐观，维持全年目标30000点不变。他认为，此前港股涨至28000点的行情 属于情绪过热现象，当前回落属于健康调整，并预计短线在26000点至26500点区间将形成较强支撑。 着眼黄金中长线配置 伍礼贤认为，贵金属短期的下跌属于短期技术性调整，并非趋势性反转。他指出，支撑黄金价格上行的 核心宏观因素并未发生明显变化，不过此次回落幅度较急，短期市场波动仍将持续。他预计国际金价的 关键支撑位在 4300-45 ...

Market Overview - On February 2, the market experienced fluctuations with all three major indices falling over 2%, and the Sci-Tech 50 Index dropping over 3%. The Shanghai Composite Index closed down 2.48%, the Shenzhen Component Index down 2.69%, and the ChiNext Index down 2.46% [1] - The total trading volume in A-shares was 2.61 trillion yuan, a decrease of 255.83 billion yuan compared to the previous trading day. Over 4,700 stocks in the market declined, with 125 stocks hitting the daily limit down [1] Sector Performance - The liquor sector showed resilience, with Huangtai Liquor achieving three consecutive trading limits, and Jin Hui Liquor hitting two limits in three days. Water Well Liquor also reached the daily limit [2] - Conversely, the non-ferrous metals, oil and gas, chemicals, coal, and semiconductor sectors faced significant declines. The non-ferrous metals sector was particularly hard hit, with multiple gold stocks such as Zhaojin Gold and Sichuan Gold experiencing limit downs [2] - The oil and gas sector also faced severe losses, with domestic crude oil and fuel futures contracts hitting the limit down, both dropping approximately 7%. Brent crude futures fell to $66 per barrel, down 4.67%, while WTI crude futures dropped below $62 per barrel, down 4.94% [4][5] Hong Kong Market - The Hong Kong stock market opened lower and continued to decline, with the Hang Seng Technology Index dropping by 4% in the afternoon. The Hang Seng Index closed down 2.23%, and the Hang Seng Technology Index fell 3.36% [5][6] - The precious metals sector also suffered, with significant declines in stocks like Shandong Gold and Chifeng Jilong Gold, both dropping over 12% [6] - The three major telecom operators in China collectively weakened, with China Unicom down over 6%, China Telecom down over 5%, and China Mobile down over 2%. This was attributed to an adjustment in the value-added tax rate from 6% to 9%, which will impact their revenues and profits [6] Technology Sector - The technology sector saw widespread declines, with stocks such as Huahong Semiconductor down over 11%, BYD down over 6%, and XPeng Motors down 6.77%. Other notable declines included Bilibili down 4.9%, and major companies like Alibaba and Meituan also experiencing losses [6][7]

Market Overview - The Hong Kong stock market experienced a significant decline on February 2, with the Hang Seng Index closing at 26,775.57 points, down 611.54 points, representing a drop of 2.23% [1][2] - The Hang Seng Tech Index also fell, closing at 5,526.31 points, down 191.87 points, a decrease of 3.36% [2] Sector Performance - Precious metals stocks were heavily impacted, with Shandong Gold (HK01787) and Chifeng Jilong Gold (HK06693) both dropping over 12%. Other companies like Lingbao Gold and Jiangxi Copper fell more than 9%, while Zijing Mining dropped over 5% [4] - In the automotive sector, shares of Xpeng Motors (HK09868) fell by 6%, and NIO (HK09866) dropped over 4% [5] - Semiconductor stocks also faced declines, with Hua Hong Semiconductor falling over 11% [6] - Technology stocks generally declined, with Bilibili dropping over 4%, and major companies like Baidu, NetEase, Kuaishou, and Alibaba falling over 3% [7] Investment Insights - Citigroup's recent commodity report indicated that current gold prices have significantly priced in future uncertainties, suggesting that while there may be short-term price increases, valuations are at "extreme levels" [5] - Despite the downturn, southbound capital saw a small inflow, with net purchases of Hong Kong stocks exceeding 1.9 billion HKD by the end of the trading day [7] Future Outlook - Huatai Securities believes the current market correction is a technical pullback due to rapid previous gains and hawkish signals from the Federal Reserve. They suggest focusing on sectors with clearer benefits, such as AI and semiconductor manufacturing [10] - Morgan Stanley notes that the recent bull market has led to profit-taking ahead of the Lunar New Year, but geopolitical uncertainties may enhance the attractiveness of Chinese assets, predicting that the Hong Kong market could outperform the A-share market in the short term [10]