周度报告:节后续写中国红

华安证券股份有...
Oct 08, 2025

国庆期间内外部核心变化有限,高频数据指向内需尚待提振,美国政府“停摆”影响较小,但全球主要经济体权益市场普涨、风偏造好,节后市场预计维持震荡上涨。配置上,假期海外成长科技领涨,国内新一轮成长产业景气周期确立,AI 算力基建核心主线不可动摇,AI 应用和军工也需重视。此外电力设备(风电/储能/电池/电源设备)、有色金属(稀土永磁/贵金属)、机械设备(工程机械)等景气支撑领域亦可为。市场观点:内外核心...

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