A CSC research report indicates that A-shares accelerated their downward correction this week, with trading enthusiasm remaining persistently subdued and the ChiNext and STAR Market boards falling more than 10%. Overseas markets diverged: the three major U.S. stock indices closed lower, while Japanese, South Korean, and European markets posted gains. International gold and oil prices both fell by roughly 3%. In September, profits at industrial enterprises above designated size rose 14.4%, with the electronics sector making a notable contribution. The official manufacturing PMI for October came in at 49.3%, below the prior reading of 50.1% and the consensus estimate of 50%. The Federal Reserve held interest rates steady at its October meeting. Trump may resume strikes on Iran the day after the midterm elections. U.S. tech giants reported earnings in succession, with sharp post-earnings share price swings; Anthropic formally filed an IPO application with the SEC. Institutional research activity picked up this week, with the pharmaceutical and electronics sectors showing noticeable improvement. Looking ahead, investors should keep an eye on the U.S. midterm elections and October nonfarm payroll data.
