主要观点一、行情回顾：本周（2025.10.20-2025.10.24），A 股SW商贸零售行业指数上涨0.46%，而沪深300 上涨3.24%，上证指数上涨2.88%。商贸零售在申万31 个一级行业中涨幅排名第26 位。二、核心逻辑：潮玩谷子：我们认为潮玩谷子行业需求快速增长，Z 世代引领新消费趋势，盲盒等产品触及情绪价值深层需求。伴随泡泡玛特、国谷等产品走向世界，中国IP 文化加速渗透。...
Source Link主要观点一、行情回顾：本周（2025.10.20-2025.10.24），A 股SW商贸零售行业指数上涨0.46%，而沪深300 上涨3.24%，上证指数上涨2.88%。商贸零售在申万31 个一级行业中涨幅排名第26 位。二、核心逻辑：潮玩谷子：我们认为潮玩谷子行业需求快速增长，Z 世代引领新消费趋势，盲盒等产品触及情绪价值深层需求。伴随泡泡玛特、国谷等产品走向世界，中国IP 文化加速渗透。...
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