Looking back at global asset performance during the National Day holiday: US bond yields remained high, gold assets fluctuated, and crude oil prices surged and fell. At the same time, US stocks, especially AI technology, continued to strengthen, and the NASDAQ and Nvidia reached record highs. In terms of Hong Kong stocks, the AI model has become the focus of the market, fueled by commercialization at the industrial level. A-shares are about to enter their first trading day after the long holiday. The brokerage strategy outlook report generally believes that there was no major news impact on overseas markets during this long holiday period. There is momentum for recovery in the market. The A-share market is expected to “rise sharply in volume and price” after the holiday, and a “red October” market can be expected. Changjiang Securities said that during the holiday period, after the 10-year US Treasury yield exceeded 5.3%, it still did not suppress technology stocks. This shows that at this stage, global capital is still willing to pay higher valuations for certain boom assets. Overall, major overseas markets are entering the stage of “macroeconomic pressure is still under pressure, but capital re-selects the strongest profitable assets”, so investors are advised to focus on profitable, ordered, and industry-trending technology core assets. As for A-shares after the holidays, it is expected that the index will maintain a volatile and strong operating pattern. In terms of style, technology is expected to once again dominate, focusing on the chances of a rebound in the AI hardware sector. Also, concepts or expressions such as commercial space and innovative pharmaceuticals are active.

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