Core Viewpoint - The article discusses the performance of various stock markets during the recent holiday period, highlighting the stability of A-shares and the fluctuations in Hong Kong and U.S. markets, while also providing an updated valuation table for investors to consider. Group 1: Hong Kong Market - The Hong Kong stock market experienced overall gains during the holiday, but there were slight declines on the following Monday and Wednesday [7][9]. - The Hang Seng Index fell by 0.1%, and the H-share Index decreased by 0.33% [9]. - The Hang Seng Technology Index showed resilience, increasing by 0.75% [10]. - The gains made during the holiday will be reflected in the fund net values on October 9, combining holiday performance with the market's performance on that day [11][12]. Group 2: U.S. and Other Overseas Markets - Global stock markets saw slight increases during the holiday period [13]. - The S&P 500 index rose by 0.39%, indicating minimal volatility [15]. Group 3: A-share Market - A-shares did not trade during the holiday, but there were indicators from overseas markets tracking A-shares [16][17]. - The FTSE A50 index futures saw a minor decline of 0.13%, while the U.S. market's CSI 300 index fund dropped by 0.49% [19][21]. - These movements reflect overseas investors' perceptions of A-share fluctuations during the holiday [22]. Group 4: Investment Insights - The article emphasizes the importance of knowledge and courage in investing, suggesting that understanding market trends can help investors navigate short-term volatility [25]. - It encourages a mindset where perceived market downturns can be viewed as opportunities for patient investors [25]. Group 5: Valuation Table - The valuation table provides various metrics such as earnings yield, price-to-earnings ratio, and dividend yield for different indices and funds, indicating investment opportunities [27]. - Green items in the table are considered undervalued and suitable for regular investment, while yellow indicates normal conditions, and red signifies overvaluation [29].

Core Insights - The "924 market" anniversary on September 17 shows significant growth in major indices, with the Sci-Tech 50 Index leading globally with a 111.19% increase from September 24, 2024, to September 16, 2025 [1] Index Performance Summary - Sci-Tech 50 Index (000688.SH) increased by 111.19% [2] - ChiNext Index (399006.SZ) rose by 101.70% [2] - Hang Seng Tech Index (HSTECH.HI) grew by 64.34% [2] - Shenzhen Component Index (399001.SZ) up by 61.62% [2] - Hang Seng Index (HSI.HI) increased by 44.89% [2] - Shanghai Composite Index (000001.SH) saw a rise of 40.49% [2] - Korean Composite Index (KS11.GI) increased by 32.58% [2] - Nasdaq Index (IXIC.GI) grew by 24.26% [2] - German DAX Index (GDAX.GI) up by 23.78% [2] - Nikkei 225 (N225.GI) increased by 19.03% [2] - S&P 500 (SPX GI) saw a rise of 15.53% [2] - Taiwan Weighted Index (TWII.TW) increased by 15.01% [2] - FTSE 100 (FTSE.GI) up by 11.33% [2] - Brazilian IBOVESPA Index (IBOVESPA.GI) increased by 10.33% [2] - Australian S&P/ASX 200 (AS51.GI) rose by 8.89% [2] - Dow Jones Industrial Average (DJI.GI) increased by 8.62% [2] - French CAC 40 (FCHI.GI) saw a rise of 4.13% [2] - CBOE Volatility Index (VIX GI) increased by 2.96% [2]

Market Overview - On June 5, A-shares experienced a rebound with major indices closing higher, including the Shanghai Composite Index up by 0.23%, Shenzhen Component Index up by 0.58%, and ChiNext Index up by 1.17% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 12,904.05 billion RMB, showing a slight increase compared to the previous trading day [2] Sector Performance - The Hong Kong stock market also saw gains, with the Hang Seng Technology Index rising by 1.93% [5] - In terms of sector performance, the telecommunications sector led with a 2.62% increase, followed by electronics at 2.31% and computers at 2.12%. Conversely, the beauty and personal care sector saw a decline of 3.07% [7] Key Developments - The Ministry of Industry and Information Technology recently issued the "Computing Power Interconnection Action Plan," aimed at enhancing the efficiency and service level of public computing resources, which has positively impacted computing power leasing concepts and hardware stocks [8] - Global internet cloud companies are increasing investments in AI, with a focus on optical devices and modules, as well as satellite internet in the commercial aerospace sector [8] - The defense and military industry has shown strong performance, with the National Defense ETF seeing a significant inflow of funds, increasing by 1.31% [9][10] Investment Products - Relevant investment products include the Big Data ETF (159739) and National Defense ETF (512670), which have shown positive trends in recent months [8][9]