Evening highlights
1. International oil prices dived intraday, gold rallied, and US stocks opened higher
Importance: ★★★★★
On the evening of November 9, the main Brent crude oil futures contract fell below 93 US dollars/barrel during the intraday period, and the intraday decline widened to 5%; the main WTI crude oil futures contract fell 5% intraday. As of 22:01, the main contract for WTI crude oil futures was $86.83 per barrel, down 4.40%; the main contract for Brent crude oil futures was reported at $93.72 per barrel, down 4.68%, both of which hit new lows since the beginning of September. According to the Financial Federation, Iranian President Pezzahizyan said on the 9th that Iran's Supreme Leader Mujtaba has ordered an end to the “no war, Africa and peace” state, and said that Iran is willing to engage in negotiations, but will not give in to coercion or bullying. In the same period, COMEX gold futures reported 4133.00 US dollars/ounce, up 1.43%; the US dollar index fell 0.45% to 101.8 points during the day; the three major US stock indexes opened higher, the Dow Jones index rose 1.08%, the S&P 500 index rose 0.84%, and the Nasdaq Composite Index rose 0.87%.
In February and October, CPI rose 0.7% year on year, and PPI rose 5.7% year on year
Importance: ★★★★
The National Bureau of Statistics released data on November 9. The National Consumer Price Index (CPI) rose 0.7% year on year in October 2026; the Industrial Producer Ex-Factory Price Index (PPI) rose 5.7% year on year and 0.7% month on month.
3. Five departments including the Development and Reform Commission issued documents and 20 measures to strengthen consumer infrastructure construction
Importance: ★★★★
The National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce, the Ministry of Culture and Tourism, and the General Administration of Market Supervision recently jointly issued the “Guiding Opinions on Strengthening Consumer Infrastructure Construction to Promote Healthy Consumer Investment”, which proposes 20 specific measures in the five major areas of urban and rural commercial facilities, consumer service facilities, distribution facility networks, and new consumer facilities, clearly considering strengthening consumer infrastructure construction as an important gripper for improving consumer supply and promoting effective investment. According to the Financial Federation, the National Development and Reform Commission estimated on November 9 that the total retail sales of social consumer goods by the end of the “15th Five-Year Plan” will reach around 60 trillion yuan.
4. 7 ministries and commissions jointly issued guidance on high-quality development of shipping insurance
Importance: ★★★
According to news from the Information Office of the Ministry of Commerce on November 9, 7 ministries and commissions, including the General Administration of Financial Supervision, the Ministry of Transport, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, and the State Council's State-owned Assets Administration Commission, jointly issued the “Guiding Opinions on Accelerating the High-Quality Development of Shipping Insurance”, putting forward requirements in five areas, focusing on key areas, improving the use of RMB, and improving independent pricing capabilities.
5. China Mobile: Computing power investment exceeds 100 billion yuan in 2027
Importance: ★★★
According to the Financial Federation, China Mobile revealed that the total procurement amount planned for 2027 exceeds 500 billion yuan, of which the computing power investment exceeds 100 billion yuan. It plans to build 5 gigawatt intelligent computing parks this year and next two years. In the afternoon of the same day, there was a change in the steering wheel of the computing power chip. Suiyuan Technology rose nearly 15%, and Cambrian and Mu Xi rose more than 5%.
6. Hwang In-hoon was investigated internally, and Nvidia fell 8.8% at the beginning of the market
Importance: ★★★
According to the Financial Federation, at the beginning of the US stock market on November 9, Nvidia's stock price fell 8.8% to its lowest point since March; the Financial Services Association reported that Hwang In-hoon's personal scandal had fermented and was investigated internally. On the same day, most major US technology stocks rose. Amazon rose 5.7% to 274 US dollars/share, a record high since mid-August; Broadcom's increase extended to 6%.
7. The central bank launched an overnight reverse repurchase operation of 182 billion yuan
Importance: ★★★
The central bank announced that on November 9, 2026, the People's Bank of China launched an overnight reverse repurchase operation of 182 billion yuan with fixed interest rates and quantitative tenders. The operating interest rate was 1.25%, which fully met the needs of first-level traders.
8. 10 ETFs are now included in the Hong Kong Stock Exchange
Importance: ★★★
According to a notice from China Investment Information Co., Ltd., the Shanghai Hong Kong Stock Connect ETF list is regularly adjusted, and 10 ETFs have been transferred. The adjustments will take effect from November 9. According to an announcement from the Hong Kong Stock Exchange, the total number of ETFs eligible for Hong Kong Stock Connect increased to 41, covering 14 ETF issuers; the index tracked by the new products covers topics such as dividends, technology, and artificial intelligence, including Huaxia Hong Kong and the US AI, Harvest Technology 50, South Asia Technology dividends, and Nanfang Port's daily cash flow.
Opportunity outlook
Zhitong Finance sorted out the most watched sectors and catalytic events of the day.
1. PCB: The 40 PCB companies achieved total revenue of 238.06 billion yuan in the first three quarters, up 46.78% year on year; net profit to mother was 35.329 billion yuan, up 102.03% year on year.
2. Ice and snow economy: Ski resorts such as Chongli and Cocotuohai have opened one after another.
3. Commercial aerospace: SpaceX will conduct the 15th Starship Test in mid-November.
4. Lithium battery: The 17th International Advanced Electric Vehicle Lithium Battery Conference was held from November 9 to 12.
5. Electric equipment: The 2026 High Quality Development Conference for New Electric Power Equipment and Engineering Applications will be held from November 9 to 10.
Among them, the PCB sector has recently focused on upstream material supply. According to 21 Finance, in the early morning of November 4, a fire broke out at Panasonic's copper-clad plate factory in Hukou, Hsinchu, Taiwan. The fire covered about one-third of the factory area. The factory's MEGTRON series high-speed copper-clad plate production capacity accounts for about 20% of Panasonic's global production capacity. According to the Guojin Securities Research Report, strong demand for AI has led to a sharp rise in PCB prices. Many AI-PCB companies have strong orders, full production and sales, and are vigorously expanding production; demand for AI copper-clad plates is strong, and due to the slow expansion of production by overseas copper clad plate manufacturers, the shortage and price increase continues.
Selected announcements
Positive announcements
1. Shanghai Electric Power Co., Ltd. plans to buy back 500 million yuan to 1 billion yuan of company shares. Co-production Alliance controlled by the actual controller Wu Ligan's family plans to increase its holdings by 20 million yuan to 30 million yuan
2. Jiejia Weichuang: Chairman Zuo Guojun proposed to buy back 300 million yuan to 500 million yuan of company shares
3. Tianci materials: Xu Jinfu, the controlling shareholder and chairman, proposed to buy back 50 million yuan to 100 million yuan of company shares
4. Shengyi Electronics: Shareholder Dongguan Science and Technology Innovation Investment Group plans to increase its holdings by 50 million yuan to 100 million yuan. It has already increased its holdings by 45.152,700 yuan for the first time on the same day
5. Chongqing Construction Engineering: The leading consortium won the bid for about 494 million yuan of urban supporting infrastructure projects
Negative announcements
1. Top 100 Group: East and West Joint Stock Companies and their co-actors reduced their holdings by a total of 3.295,300 shares on November 9, accounting for 0.8759% of the total share capital
2. Sun Cable: Shareholder Xiangyu Group reduced its holdings by 4.22 million shares from November 3 to 6, accounting for 0.59% of the total share capital, and the shareholding ratio fell to 12.95%
3. An Biping: Shareholder Zhuji Gaotejia and concerted actors reduced their holdings by 678,600 shares from October 9 to November 9, accounting for 0.73% of the total share capital
4. Jingu Co., Ltd.: Stock trading fluctuates abnormally, and the share of revenue and profit in the structural parts business of embedded intelligent robots is extremely low
Highlights tomorrow
Tomorrow (November 10), follow: Coristron will be listed on the Science and Technology Innovation Board, the ban on restricted shares of 9 companies including Xinlian Integration and Shenyang Machine Tool has been lifted, Ai Wei's plans to buy Yutai Semiconductor's controlling interest will be suspended, and ST Cisco will be suspended for one day. Relevant arrangements are subject to exchange and company announcements.