A-share Pre-market Briefing | Two Major Positive Catalysts Ignite Markets! Nasdaq Hits Record High; Central Bank Holds Symposium with Foreign Financial Institutions

Pre-market Briefing 1. Two Major Positive Catalysts Ignite Markets! Nasdaq Hits Record High, AMD Market Cap Tops $1 Trillion for First Time, Meta Sparks AI Trading Type: Market Sentiment Impact: Positive Signs of easing geopolitical tensions have emerged, international oil prices have plummeted, easing inflation pressure. Combined with sustained optimism in the AI sector, the Nasdaq hit a record closing high. Chip stocks led the rally, with AMD closing up 10%, its market capitalization reaching $1 trillion for the first time. Meta's AI assistant Muse climbed to the top of the free charts on both the U.S. Apple and Google app stores, sending the company's shares up over 11%. South Korea's KOSPI index rose 2.2% in early trading. Samsung Electronics gained 3%, and SK Hynix rose 2%. 2. Central Bank Holds Symposium with Foreign Financial Institutions: Steadily Expand Two-Way Opening of Financial Markets Type: Macro Sentiment Impact: Positive The People's Bank of China held a symposium with foreign financial institutions. PBOC Governor Pan Gongsheng stated that the PBOC will implement a moderately loose monetary policy to create a favorable monetary and financial environment for stable economic growth and smooth operation of financial markets. The PBOC will continue to promote high-level financial opening, continuously improve policy supply, steadily expand the two-way opening of financial markets, constantly optimize cross-border payment services, and further facilitate the international use of the RMB. 3. Shenyang Blower Works Group Stock Volatility Draws Attention, Shanghai Stock Exchange Issues Late-Night Notice Warning of Risks! Experts Say Speculation Unsustainable Type: Company Sentiment Impact: Negative Shenyang Blower Works Group's stock price has experienced sharp fluctuations for three consecutive trading days since listing, with obvious speculative trading characteristics. Last night, the Shanghai Stock Exchange again issued a notice stating it will continue to closely monitor the stock's early trading after listing and take self-regulatory measures in accordance with regulations. Some capital market experts warned that short-term speculation detached from fundamentals is difficult to sustain, and investors should rationally view new stock price fluctuations and pay attention to investment risks. 4. Nearly 40 Companies Preview Q3 Earnings, AI Industry Chain's High Prosperity Continues to Materialize Type: Industry Sentiment Impact: Positive A-share listed companies' Q3 2026 earnings previews have begun to be disclosed. AI industry chain companies' operating performance is particularly impressive. From GPUs, packaging and testing to precision manufacturing, many companies have achieved high growth benefiting from the explosion in computing power demand; meanwhile, biomedicine, new energy, and other sectors are also seeing steady improvement in operating performance due to rising volumes and prices of products. Investment Calendar 2026 Alibaba Cloud Apsara Conference Opens Investment Tips In monetary policy making, credibility is a valuable asset, but it is mainly built through actions and results, not just through empty words. [US] Ben Bernanke, "21st Century Monetary Policy" Institutional Views 1. GF SEC: The market is welcoming a "just-right rebound timing," focus on the AI industry chain with high prosperity in Q3 earnings. 2. Soochow: A-shares will usher in a phased repair window, with the time dimension extending to about one week after the National Day holiday. 3. Founder: The market's oscillating upward trend is solid, focus on policy tailwinds and oversold repair tracks, and seize rotation opportunities. Positive and Negative Outlook 1. Issuing housing vouchers! Zhuhai introduces new property policies, institutions say real estate policies still have significant room Type: Policy Focus Kaiyuan Securities: On the demand side, there is still significant room for relaxation in core cities' restrictive policies, provident fund loans, urban renewal, and other directions. If policy intensity and pace of implementation are further strengthened, the process of stabilizing and rebounding the real estate market is expected to accelerate. 2. AI Agent Competition Heats Up! OpenAI Reportedly Ramping Up for Grok Bot and Muse Type: Market Hot Topic Sinolink: The AI rally has moved from early-stage technological imagination to the "mid-game" monetization stage. Agents, token consumption, ARR growth, and cloud vendors' capital expenditure are forming a relatively clear commercial closed loop, and the AI bubble narrative is clearly receding. 3. Contemporary Amperex Technology's Online Store Raises Energy Storage Cell Prices! First Public Disclosure of 587Ah Listed Price Type: Market Hot Topic BOC International: It is expected that global new energy vehicle sales will maintain rapid growth in 2026, driving demand growth for batteries and materials. In energy storage, demand remains highly prosperous; recommend focusing on energy storage cell makers and large-scale storage integrators. Announcement Express Positive Announcements 1. Top Score Fashion: Controlling shareholder plans to increase holdings by RMB 150 million to RMB 300 million 2. Keda Industrial Group: Plans to invest RMB 4.5 billion to build an integrated project with annual output of 500,000 tons of graphite anode materials 3. Xinhua Winshare Publishing & Media: Plans to acquire 100% equity of Sichuan Nationalities Publishing House for RMB 346 million Negative Announcements 1. Fujian Nanping Sun Cable: Shareholder Xiangyu Group and concert parties plan to reduce holdings by no more than 3% 2. Xiamen Tungsten: Files arbitration with Beijing Arbitration Commission over CMOC Group Limited's cessation of tailings supply to Luoyang Yulu 3. Hainan Yedao: Under CSRC investigation for suspected information disclosure violations Overseas Markets Editor's Note: With technology leaders rallying collectively, all three major indices closed higher. Semiconductor chip stocks surged, with ARM up over 17%, its largest single-day gain since April last year; Intel up over 12%, its largest gain since May; Meta up over 11%, its largest single-day gain since April last year; AMD up about 10%, hitting a new high, with market capitalization exceeding $1 trillion for the first time. This article is reprinted from "Tencent Stock Picker." GMTEight Editor: Feng Qiuyi.