A-share reviews | The GEM index bottomed out and rose 4.16%, and many stocks in the robot industry chain rose and stopped

The Zhitong Finance App learned that on October 23, the three major A-share indices fell unilaterally after opening low in early trading. They quickly rebounded and collectively became popular in the afternoon, breaking out of a deep V reversal. The Shanghai Index closed close to the highest point throughout the day. By the close, the Shanghai Stock Exchange Index rose 0.89% to 3690.48 points, the Shenzhen Stock Exchange Index rose 2.79% to 11673.83 points, the GEM index rose 4.16% to 2684.10 points, Science and Innovation 50 rose 3.04% to 1345.51 points, and the Beijing Stock Exchange 50 rose 1.88% to 984.90 points. The turnover of the Shanghai and Shenzhen markets was 1956,258 billion yuan, an increase of 427.544 billion yuan over the previous trading day. 4,526 stocks in the Shanghai and Shenzhen markets rose, 909 fell, 142 were flat, 84 were up and down, and 9 were down, accounting for about 81% of the rising stocks.

In terms of sectors, batteries, software development, automation equipment, motors, film and television lines, and digital media registered the highest gains; banks, utilities, steel, and electricity registered the highest declines.

driving factors

Overnight, US technology stocks fell collectively. The NASDAQ index fell 2.60% to 26008.86 points, the Philadelphia Semiconductor Index fell 6.72%, and the three major A-share indices opened lower in early trading. The Shanghai Index dropped to a low of 3574.27 points (down 2.29% from the previous closing), and the GEM index fell as low as 2494.22 points (down 3.21%). Components, precious metals, and communication equipment opened with the highest declines.

The first batch of 18 active ETFs was officially released on October 23, with a maximum raising limit of 2 billion yuan and 18 bringing a total increase of 36 billion yuan. E-Fangda Fund, Wells Fargo Fund, Huaxia Fund, and Huatianfu Fund each subscribed for their products with an inherent capital of 200 million yuan, and Morgan Fund shareholders subscribed for 75 million US dollars through related parties; many broad-based ETFs were released on the same day. GEM ETF E-Fong reached a new high of 19.5 billion yuan since October 9, 2024..

There is intense news about the robot industry chain. On October 22, the 2026 World Physical AI Conference and Yushu Partner Ecological Conference was held in Hangzhou. Wang Xingxing, founder of Yushu Technology, said that physical AI “has seen signs of being broken down”. At the conference, he launched the “Yuchuang Project” and plans to incubate more than 200 ecological enterprises over the next five years; OpenAI CEO Ultraman announced the formation of the “OpenAI Robotics” team in June this year. In an interview in October, the company said that the company will develop its own humanoid robots; the Ministry of Commerce's business big data showed that the key platforms were equipped with intelligent robots in the first three quarters Sales increased 22.6%.

At the company level, Ningde Era repurchased a total of about 5.7596 million A-shares on October 21 and 22, at a cost of about 1,299 billion yuan, up 7.80% on the same day; in the afternoon, Zhongji Xuchuang, Xinyisheng, Tianfu Communications, Guangxun Technology, and Yuanjie Technology collectively disclosed that they had sufficient orders in hand, and Xinyisheng also announced plans to repurchase 800 million yuan to 1 billion yuan.

Popular sector aspects

1. Humanoid robots and physical AI: In Shenwan's second-level industry, motors rose 5.55%, automation equipment rose 5.66%, and physical AI concepts rose 10.50%, ranking first in the concept sector. Yushu Technology's 20CM rose and stopped at 624 yuan, with a total market value of 252,386 billion yuan. It was the first time since it was listed on August 19. The cumulative increase of more than 54% in the last 6 trading days of Daye Co., Ltd., Cixing Co., Ltd., Opt, Huayang Intelligence, and Vantuo Digital all rose and stopped at 20CM, while Zhaowei Mechatronics, Goertek, Paislin, and Wanxiang Qian rose and stopped. Catalysis comes from the 2026 World Physical AI Conference and Yushu Partner Ecology Conference held in Hangzhou on October 22.

2. Battery: The battery sector rose 5.98%, ranking first in Shenwan's second-level industry. Ningde Times rose 7.80% to 237.60 yuan, with a turnover of 25.396 billion yuan, and Li Yuanheng up 16.04%. On the evening of October 22, Ningde Times announced on the Hong Kong Stock Exchange that it repurchased 2.271,000 A-shares on the same day at a cost of nearly 500 million yuan. Together with 3.488,600 shares (about 800 million yuan) repurchased on October 21, the total cost for the two trading days was about 1,299 billion yuan.

3. Computing power hardware and non-bank finance: Semiconductors rose 3.30%, Communications rose 1.87%, Jingfeng Mingyuan 20CM rose and stopped, Dagang shares rose 11.36%, Mu Xi shares rose 13.46%, Zhongji Xuchuang rose 3.82%, Xinyisheng rose 1.16%, and Tianfu Communications rose 1.93%, all of which changed from falling to closing up in early trading. Non-bank finance rose 1.52%, software development rose 5.79%, Huijin Technology went up and down 20CM, and Hualin Securities and Dazhi went up and down. According to the news, at noon, five optical module companies collectively announced that there were enough orders in hand, and that the first batch of 18 active ETFs would be issued on the same day.

Adjust the section

Banks fell 1.30%, the biggest decline in Shenwan's Tier 1 sector on the day. The Bank of China fell 4.02%; utilities fell 0.60% and steel fell 0.19%. In Shenwan's second-tier industry, electricity fell 0.68%, East Fujian Electric Power fell 7.76%, Anhui Electric Power fell 6.46%, and Qianyuan Electric Power fell 6.70%. In the banking sector, the stock prices of ICBC and CCB hit a record high of nearly a year on October 22, and closed down on the same day.