Opening data
The Zhitong Finance App learned that on October 22, the Shanghai Index opened 0.04% higher to 3714.48 points, the Shenzhen Index opened 0.12% lower to 11690.34 points, and the GEM index opened 0.25% lower to 2687.94 points. Science Innovation 50 opened 0.27% to 1346.96 points. As of 9:32, a total of 2,687 companies in the Shanghai and Shenzhen markets had risen, 2,610 were down, and 280 were flat. The increase was highest: motors, lighting equipment, home appliance parts, auto parts, automation equipment, etc.; the decline was the highest: communication equipment, components, precious metals, etc., and cultural media concepts weakened.
Market conditions
The Shanghai Index opened slightly higher by 0.04%, then fluctuated lower. As of 9:32, it reported 3696.76 points, down 0.44%; Shenzhen reported 11641.40 points, down 0.54%; GEM reported 2673.12 points, down 0.80%; and Science and Technology Innovation 50 reported 1337.48 points, down 0.43%. The three major indices changed from mixed ups and downs at the opening of the market to a simultaneous decline, and the decline on the growth side was greater than that of the Shanghai Index.
Structurally, motors and lighting equipment are at the top of the industry's growth list. Driven by the rise and fall of the sector's leaders, Zhaowei Electromechanical and Starlight shares, concepts such as Huawei robots and hollow cup motors strengthened simultaneously; the planting industry, fishing, and packaging and printing opened slightly higher and then declined. Communications equipment, components, and precious metals weakened. As of 9:32, the two markets had risen and stopped by 14 and 2. The number of rising companies accounted for 48%, and the number of rising and falling companies was close to equilibrium.
Overnight quick facts
1. The three major US stock indices collectively closed higher: Driven by improved artificial intelligence expectations, the Dow rose 0.69% to 52856.09 points on October 21, the NASDAQ rose 1.05% to 26702.86 points, the S&P 500 index rose 0.58% to 7757.17 points, the Philadelphia Semiconductor Index rose 1.97%; and the NASDAQ China Golden Dragon Index fell 2.35%.
2. The Central Office and the State Office issued opinions on the integration of scientific and technological innovation and industrial innovation: released on October 21. The opinions proposed to fully implement the “Artificial Intelligence +” campaign, promote research on key core technologies such as integrated circuits, industrial machines, and high-end instruments, and explore multiple technology routes in cutting-edge fields such as quantum technology, biomantry, hydrogen energy and nuclear fusion energy, brain-computer interface, physical intelligence, and sixth-generation mobile communications.
3. AI computing power industry chain expansion and acceleration: Nvidia and supply chain partners announced an increase in production capacity, and plans to increase substrate production capacity 2.5 times the current level in the next three years; Google Cloud plans to expand infrastructure based on Nvidia's Vera Rubin to multi-site deployment, with a maximum of 960,000 Rubin GPUs.
Trend analysis
The three major indices had mixed ups and downs. The Shanghai index fluctuated and declined after opening slightly higher. The decline widened to 0.44% at 9:32. The Shenzhen Index and the GEM Index weakened when opened, and the latter fell 0.80%; structurally, motors and lighting equipment bucked the trend, and the planting industry, fishery, etc. fell after opening slightly higher, and communication equipment, components, and precious metals weakened. Overnight, the three major US stock indices closed higher. The NASDAQ index rose 1.05%, and the Philadelphia Semiconductor Index rose 1.97%, but the Nasdaq China Golden Dragon Index fell 2.35%; the China Central Office and the State Administration issued opinions on integrating scientific and technological innovation with industrial innovation, and the direction of research on artificial intelligence and integrated circuits was clear.
In terms of brokers' views, some institutions suggest optimizing the structure in a balanced allocation, which suggests the three directions of balanced allocation of policy chains, hard technology, and bottom-up prosperity; others believe that positive signals from the current position are increasing. Agencies are still divided in their judgment on the level of rebound, and whether energy can be followed up is a key observation point for the short-term pace.