Southbound funds saw net purchases of 2.873 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Tencent Holdings and CNOOC saw net purchases of HK$1.256 billion and HK$545 million, respectively. Alibaba-W led the market with net

International 1. Mizuho: The decline in the US dollar index was limited, as the dollar price had already fully priced in the Fed's rate cut expectations. 2. Fitch: Inflation remaining around 3% is being considered "good news." Economic data releases need to return to normal as soon as possible. 3. ING: Eurozone PMIs indicate solid growth, and the ECB will maintain interest rates. Domestic 1. CITIC Securities: Waller may eventually take over the Fed, potentially triggering a reversal trade on "independence." 2. CITIC Securities: The Fed is expected to cut interest rates two more times this year. 3. CITIC Securities: Demand has risen beyond expectations, and lithium prices are expected to gradually rise. 4. CITIC Construction Investment: The correction is nearing its end, and the upward trend will continue. 5. Huatai Securities: The decline in US CPI in September paves the way for rate cuts. 6. CICC: The Fed may cut interest rates by 25 basis points in October and December respectively. 7. Huatai Securities: The Federal Reserve is likely to cut interest rates by 25 basis points in October, and an announcement to halt balance sheet reduction is not ruled out. 8. Huatai Securities: The insurance fund dividend strategy may have entered Phase 2.0, characterized by careful selection and balanced balance. 9. GF Securities: Technology stocks are expected to continue outperforming with policy support. 10. China Merchants Securities: In the short term, we recommend continuing to focus on the eight major sectors and the defense industry. 11. West China Securities: A "slow bull" trend has returned, with global technology and AI markets resonating. 12. Tianfeng Securities: We recommend focusing on opportunities arising from the rise of domestically produced chickens and leading white chicken companies that have access to imported alternative resources. 13. Galaxy Securities: Pharmaceutical sector valuations have recently shown a significant structural recovery trend. 14. Everbright Securities: In a liquidity-driven market, the TMT sector is more likely to become the main medium-term trend.

Stock market capital flow chart: Today, the main funds in Shanghai and Shenzhen stock markets had a net outflow of 3.962 billion yuan, accounting for 0.17%; the net outflow of large-order funds was 10.207 billion yuan, accounting for 0.44%; the net inflow of small-order funds was 9.120 billion yuan, accounting for 0.39%.