The Zhitong Finance App learned that on October 30, the three major A-share indices fluctuated downward after opening low. They turned red for a while in the afternoon, then fell again. At the end of the day, they collectively fell, and the Shanghai Index fell below 3,600 points. By the close, the Shanghai Stock Exchange Index fell 1.44% to 3599.02 points, the Shenzhen Stock Exchange Index fell 2.73% to 10833.78 points, the GEM index fell 4.13% to 2413.63 points, Science and Technology Innovation 50 fell 5.48% to 1160.84 points, the lowest closing since August 2025, and the Beijing Stock Exchange 50 fell 2.68% to 885.74 points. The turnover of the Shanghai and Shenzhen markets was 1674.463 billion yuan, an increase of 117.939 billion yuan over the previous trading day.
In the entire market, 893 stocks rose, 4,602 fell, 82 were flat, 49 were up and down, and 93 were down. Individual stocks that rose accounted for about 16%, and the total number of individual stocks with a decline of more than 7% was 638 (including 93).
In terms of sectors, hotels and restaurants rose 4.30%, liquor II rose 3.77%, shipping ports rose 2.91%, white goods rose 2.42%, beverages and dairy products rose 2.07%, snack food rose 1.70%; the top declines were communication equipment down 7.36%, digital media down 7.16%, film and television theaters falling 6.57%, components falling 6.21%, gaming II falling 5.74%, software development falling 5.61%, semiconductors falling 5.32%. Communications in Shenwan's first-class industry fell 6.48%, media fell 5.39%, electronics fell 5.39%, and computers fell 5.39%, electronics fell 5.11%, and computers fell 4.91%
driving factors
Overnight, the three major US stock indices collectively closed down. The NASDAQ fell 1.38%, the Philadelphia Semiconductor Index fell 1.42%, Alphabet's third-quarter revenue of US$127.58 billion fell short of expectations, free cash flow was negative, and stock prices closed down 12.64%, the biggest one-day decline since listing in 2004. The software stock ServiceNow fell 26.95% and Feita fell 20.09%.
On the evening of October 29, seven liquor stocks revealed three-quarter reports. Yingjiagongjiu's third-quarter revenue of 1,413 billion yuan increased 4.25% year on year, net profit of 414 million yuan increased 8.58% year on year, Luzhou Laojiao's third-quarter revenue of 4.195 billion yuan and net profit to mother of 1,332 billion yuan, down 37.14% and 57.03% year on year, respectively, and increased 71.45% and 111.12%, respectively.
On October 29, Maersk announced an increase in freight rates for routes from the Far East to Northern Europe and the Mediterranean. The Baltic Dry Bulk Index closed at 2,712 points on the same day, up 2.26% from the previous month. COSCO Maritime Control's net profit for the third quarter was 17.230 billion yuan, an increase of 80.73% over the previous year.
US stock Eli Lilly's net profit for the third quarter was US$6.451 billion, up 16% year on year. A-share CRO concept rose 2.30%, and medical services rose 0.83%. The turnover of the two markets increased by 117.939 billion yuan over the previous trading day. At the same time, 4,602 individual stocks fell and 93 fell to a standstill. The increase in transactions occurred at the same time as the general decline in individual stocks.
Popular sector aspects
1. [Liquor] Liquor II rose 3.77%, the second highest increase in Shenwan's second-tier industry on the same day. Luzhou Laojiao, Gujing Gongjiu, and Huangtai Liquor went up and down. Luzhou Laojiao closed 77.07 yuan and Gujing Gongjiu closed 95.70 yuan. According to the news, on the evening of October 29, seven liquor stocks revealed their three-quarter report. Yingjiagongjiu's net profit for the third quarter increased 8.58% year on year; Luzhou Laojiao's third-quarter operating income and net profit to mother decreased by 37.14% and 57.03% year on year, respectively, and increased 71.45% and 111.12%, respectively.
2. [Shipping Ports] increased by 2.91%. Jinjiang Shipping reported an increase of 13.93 yuan, while COSCO Maritime Control rose 7.02% to 17.84 yuan, the highest intraday high of 18.00 yuan. According to the news, on October 29, Maersk announced an increase in freight rates for routes from the Far East to Northern Europe and the Mediterranean. The new rate came into effect on November 16; the Baltic Sea Dry Bulk Index closed at 2,712 points on October 29, up 2.26% month-on-month, with the Cape shipping price index rising 5.25%; COSCO Maritime Control's net profit for the third quarter was 17.230 billion yuan, an increase of 80.73% year-on-year.
3. [Food, Drink and Travel Consumption] Hotels and restaurants rose 4.30%, the highest increase in Shenwan's second-tier industry on the same day. Drinks and dairy products rose 2.07%, snack foods rose 1.70%, and white goods rose 2.42%. First Travel Hotel, New Dairy, and Black Sesame rose and stopped. Qingdao Food closed at 19.94 yuan, rising and stopping for five consecutive trading days since October 26, and Haier Smart Home rose 5.65% to 20.74 yuan. Earlier, the National Development and Reform Commission stated that it is studying and formulating a strategic implementation plan to expand domestic demand (2026-2030).
Adjust the section
Communications equipment fell 7.36%, digital media fell 7.16%, film and television lines fell 6.57%, components fell 6.21%, game II fell 5.74%, software development fell 5.61%, and semiconductors fell 5.32%. It was the Shenwan second-tier industry with the highest decline on the same day. Communications fell 6.48%, media fell 5.39%, electronics fell 5.11%, and computers fell 4.91% in the Shenwan Tier 1 industry.
In terms of individual stocks, Xinyi Shengsheng fell 14.19% to 196.00 yuan, Shenghong Technology fell 13.31%, Tianfu Communications fell 8.42%, and Zhongji Xuchuang fell 4.99%; Tianyu Mathematics, Zhaoyue Technology, Ciwen Media, Aofei Entertainment, Caesar Culture, 37 Entertainment, Zhenbang Intelligence, Huanxu Electronics, and Lianchuang Electronics fell to a standstill, and Xinhua Media dropped to a standstill of 13.36 yuan.
Communications equipment, components, and semiconductors have continued to adjust since late September. The communication equipment index fell from 10244.86 points at the close of September 23 to 5951.55 points, a range decline of 41.91%, and the component index fell from 24480.53 points to 14609.31 points, a range decline of 40.32%. The decline continued to rise on the same day.