On the morning of October 10th, China's three major stock indices opened higher as market sentiment remained positive. Among them, the Shanghai Composite Index rose by 0.58% at the opening, the Shenzhen Component Index increased by 0.49%, and the ChiNext Index rose by 0.49%. The Beijing 50 Index also performed strongly with a gain of 0.82%. Specifically, sectors such as IT services, animal husbandry, and MLOps concept stocks stood out as leading sectors.
However, traditional sectors like liquor, real estate, precious metals, tourism, and hotels showed sluggish performance, and investor sentiment was relatively cautious. The real estate sector continued to face pressure due to unclear policy expectations, while the precious metals sector experienced selling pressure due to a drop in global gold prices. Despite this, the overall market trend remained upward, and the subsequent movements are worth watching, especially in light of market reactions following the release of policies and economic data.
Investors should pay attention to recent industry policy changes and their further impact on related sectors, especially given the uncertain macroeconomic environment, as the performance among sectors may become differentiated.
