Asia market close review
Target date 2026-10-23; Source report generated at 2026-10-23 18:45 (Beijing time).
Asian market overview
Hong Kong · Hang Seng
+0.69%- Close
- 23093.37
- Status
- Closed session
Japan · Nikkei 225
-0.34%- Close
- 62693.16
- Status
- Closed session
Korea · KOSPI
+0.30%- Close
- 5550.30
- Status
- Closed session
Hong Kong · finance.yahoo.com · 2026-10-23T08:00:00+00:00
Japan · finance.yahoo.com · 2026-10-23T06:30:00+00:00
Korea · finance.yahoo.com · 2026-10-23T06:30:00+00:00
Source times use exchange-calendar session closes. Daily bar timestamps identify local sessions.
Full source links and evidence are available in the web report.
Market state
Status: Hot.
Heat / fragility: 93.4 / 12.7 (observation score).
Methodology: Heat, fragility, and six-dimension scores are market-state observation scores; they do not map directly to position sizing or constitute trading instructions.
Six-dimension observation
Liquidity
86.5 / 100- Status
- Strong
Turnover / historical median 1.19x; Turnover percentile 85.0%
Breadth
96.3 / 100- Status
- Strong
Advancing share 81.2%; Median stock return 1.6%; Above-VWAP share 97.4%
Profit effect
91 / 100- Status
- Strong
limit-up rate 1.5%; Share gaining over 5% 10.3%
Loss risk
9.8 / 100- Status
- Low risk
limit-down rate 0.2%; Share falling over 5% 1.7%
Trend confirmation
100 / 100- Status
- Strong
Advancing index share 100.0%; Median index return 2.4%; index close position 95.5%
Rotation quality
96.3 / 100- Status
- Strong
Advancing sector share 93.8%; Median sector return 1.4%; Leader concentration 21.6%
Scale: 0 … 100
Observation score; higher loss-risk scores mean greater risk. Scores are not probabilities or trading instructions.
Index overview
SSE Composite
+0.89%- Close level
- 3690.48
- Turnover (CNY 100m)
- 8986.67
SZSE Component
+2.79%- Close level
- 11673.83
- Turnover (CNY 100m)
- 5446.25
ChiNext Index
+4.16%- Close level
- 2684.10
- Turnover (CNY 100m)
- 2301.22
STAR Market 50
+3.04%- Close level
- 1345.51
- Turnover (CNY 100m)
- 969.03
CSI 300
+1.71%- Close level
- 4105.33
- Turnover (CNY 100m)
- 5582.05
CSI 500
+2.39%- Close level
- 6814.44
- Turnover (CNY 100m)
- 3369.41
CSI 1000
+2.38%- Close level
- 6734.55
- Turnover (CNY 100m)
- 3776.89
Market overview
%Median market return
+1.56%Turnover-weighted return
+2.84%Turnover weighting emphasizes high-turnover stocks; this is not an index return.
Turnover-weighted return minus median 1.3pp, High-turnover stocks were relatively stronger
Total turnover
trillionTotal turnover
1.97 trillionMarket breadth
stocks- Up
- 4526 stocks
- Down
- 909 stocks
- Flat
- 137 stocks
Scale: 0 … 5,572 stocks
Advancing share
%Advancing share
81.2%Scale: 0 … 100 %
Intraday indicators
Share above VWAP
97.4%Scale: 0 … 100
Opening gap
-1.11%Scale: -5 … 5
Median intraday range
7.35%Scale: 0 … 7.35
Closing position
93.3%Scale: 0 … 100
Shares and positions use 0–100%; gap and range use separate scales.
return distribution
stocksBelow −9.9%
16- Share
- 0.3%
-9.9~-7%
32- Share
- 0.6%
-7~-5%
47- Share
- 0.8%
-5~-3%
97- Share
- 1.7%
-3~-1%
274- Share
- 4.9%
-1~0%
443- Share
- 8.0%
0~1%
1150- Share
- 20.6%
1~3%
2118- Share
- 38.0%
3~5%
823- Share
- 14.8%
5~7%
295- Share
- 5.3%
7~9.9%
130- Share
- 2.3%
At least +9.9%
147- Share
- 2.6%
Buckets follow the report; a bucket containing zero may include unchanged stocks and is not an advancing-stock count.
Price limits
stocks- Limit-up
- 84 stocks
- Limit-down
- 9 stocks
Scale: 0 … 93 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Representative limit-up stocks: 四通股份, 豪鹏科技, 平安电工, 海洋王, 华数传媒, 曙光股份, *ST闻泰, 奥普特, 恩捷股份, 埃斯顿, 日盈电子, 启明星辰
Gainers above 5% / Decliners below -5%
stocks- Return>5%
- 572 stocks
- Decline>5%
- 95 stocks
Scale: 0 … 667 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Longest limit-up streak
Longest limit-up streak
6 consecutive limit-up sessionsLarge-order flow proxy
100mLarge-order flow proxy
+741.51 100mThe single flow bar shows its value and direction, not a share of turnover.
This flow proxy does not identify actual institutional trades.
Net-inflow stocks / Net-outflow stocks
stocks- Net inflows
- 3142 stocks
- Net outflows
- 2060 stocks
Scale: 0 … 5,202 stocks
Industry sectors TOP10
Computers
+3.89%- median
- +3.66%
- Stock count
- 340
- Advancing share
- 90.6%
Other
+2.90%- median
- +1.95%
- Stock count
- 385
- Advancing share
- 93.0%
Machinery
+2.83%- median
- +2.18%
- Stock count
- 612
- Advancing share
- 86.6%
Automobiles
+2.65%- median
- +2.33%
- Stock count
- 247
- Advancing share
- 88.3%
Electronics
+2.65%- median
- +2.51%
- Stock count
- 436
- Advancing share
- 84.2%
Power equipment
+2.28%- median
- +1.99%
- Stock count
- 358
- Advancing share
- 89.9%
Media
+2.19%- median
- +2.24%
- Stock count
- 176
- Advancing share
- 76.7%
Beauty and personal care
+1.97%- median
- +1.39%
- Stock count
- 33
- Advancing share
- 84.8%
Household appliances
+1.95%- median
- +1.84%
- Stock count
- 94
- Advancing share
- 83.0%
Retail and trade
+1.90%- median
- +1.23%
- Stock count
- 108
- Advancing share
- 88.0%
Worst-performing sectors:
Banking(-0.54%), Utilities(-0.47%), Oil and petrochemicals(+0.01%), Steel(+0.02%), Building materials(+0.21%)
Top 10 high-volume core stocks
300308
279.20 CNY 100m- Return
- +3.82%
300750
254.00 CNY 100m- Return
- +7.80%
300502
213.60 CNY 100m- Return
- +1.16%
688825
198.00 CNY 100m- Return
- +7.93%
603986
129.10 CNY 100m- Return
- +5.51%
688256
125.30 CNY 100m- Return
- +5.46%
600487
86.40 CNY 100m- Return
- +1.75%
002384
86.30 CNY 100m- Return
- +0.63%
300394
84.70 CNY 100m- Return
- +1.93%
001309
79.50 CNY 100m- Return
- +3.22%
Hot concepts TOP5
物理AI
+8.27%- leader
- 凡拓数创(+20.00%)
- Limit-up count
- 3
MCP概念
+7.67%- leader
- 税友股份(+10.00%)
- Limit-up count
- 2
宇树机器人
+6.49%- leader
- 宇树科技(+20.00%)
- Limit-up count
- 1
MLOps概念
+6.40%- leader
- 绿盟科技(+19.98%)
- Limit-up count
- 1
OpenClaw (龙虾)
+6.11%- leader
- 中科创达(+9.35%)
- Limit-up count
- 0
Extreme movers
众诚科技 920207.BJ
+30.00%大鹏工业 920091.BJ
+29.98%海辰药业 300584.SZ
+20.02%301660.SZ
+20.01%利亚德 300296.SZ
+20.00%*ST卓然 688121.SH
-20.37%蕾奥规划 300989.SZ
-13.25%金马游乐 300756.SZ
-12.26%*ST元道 301139.SZ
-11.69%301718.SZ
-11.08%Data completeness and calibration
Completeness: high (97%); Six dimensions available: 6/6.
Warning: Profit effect and loss risk have missing inputs; observation scores were reweighted using available metrics.
Calibration: provisional observation scale (not backtested).
Supplemental chart availability
The supplemental chart file has not been published for this report date. Daily observations from the report are shown above; their availability and limitations are reported separately.
*Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-23 18:45*
Original report and evidence (may include Chinese)
Market close review (2026-10-23)
Generated: 2026-10-23 18:45:19.222926 Data date: 2026-10-23 Report generation method: scheduled
This report was generated on schedule; the generation time is the actual run time.
20261023 周五 盘后点评
I. Market state
- Status: Hot.
- Heat / fragility: 93.4 / 12.7 (observation score).
- Methodology: Heat, fragility, and six-dimension scores are market-state observation scores; they do not map directly to position sizing or constitute trading instructions.
Six-dimension observation
| Dimension | observation score | Status | Evidence |
|---|---|---|---|
| Liquidity | 86.5 | Strong | Turnover / historical median 1.19x; Turnover percentile 85.0% |
| Breadth | 96.3 | Strong | Advancing share 81.2%; Median stock return 1.6%; Above-VWAP share 97.4% |
| Profit effect | 91 | Strong | limit-up rate 1.5%; Share gaining over 5% 10.3% |
| Loss risk | 9.8 | Low risk | limit-down rate 0.2%; Share falling over 5% 1.7% |
| Trend confirmation | 100 | Strong | Advancing index share 100.0%; Median index return 2.4%; index close position 95.5% |
| Rotation quality | 96.3 | Strong | Advancing sector share 93.8%; Median sector return 1.4%; Leader concentration 21.6% |
Core tension
- N/A
Next-day validation
- N/A
Prior-day validation review
- N/A
Data completeness and calibration
- Completeness: high (97%); Six dimensions available: 6/6.
- Warning: Profit effect and loss risk have missing inputs; observation scores were reweighted using available metrics.
- Calibration: provisional observation scale (not backtested).
II. Index overview
SSE Composite: 3690.48 [OK] +0.89% | volume 8986.67 100m SZSE Component: 11673.83 [OK] +2.79% | volume 5446.25 100m ChiNext Index: 2684.10 [OK] +4.16% | volume 2301.22 100m STAR Market 50: 1345.51 [OK] +3.04% | volume 969.03 100m CSI 300: 4105.33 [OK] +1.71% | volume 5582.05 100m CSI 500: 6814.44 [OK] +2.39% | volume 3369.41 100m CSI 1000: 6734.55 [OK] +2.38% | volume 3776.89 100m
III. Market overview
Median market return [OK] +1.56% | Turnover-weighted return +2.84% | Total turnover 1.97 trillion
Turnover-weighted return minus median 1.3pp, High-turnover stocks were relatively stronger
Up 4526 stocks | Down 909 stocks | Flat 137 stocks | Advancing share 81.2%
Share above VWAP: 97.4% | Opening gap: -1.11% | Median intraday range: 7.35% | Closing position: 93.3%
return distribution: -inf~-9.9%:16 -9.9~-7%:32 -7~-5%:47 -5~-3%:97 -3~-1%:274 -10%:443 01%:1150 13%:2118 35%:823 57%:295 79.9%:130 9.9~inf%:147
IV. Price limits
Limit-up 84 stocks | Limit-down 9 stocks | Return>5% 572 stocks | Decline>5% 95 stocks
Longest limit-up streak: 6 sessions
Representative limit-up stocks: 四通股份, 豪鹏科技, 平安电工, 海洋王, 华数传媒, 曙光股份, *ST闻泰, 奥普特, 恩捷股份, 埃斯顿, 日盈电子, 启明星辰
V. Money flow
Large-order flow proxy [OK] +741.51 100m | Net inflows 3142 stocks / Net outflows 2060 stocks
VI. Margin financing
Margin data unavailable (T+1 delay)
VII. Industry sectors TOP10
| Industry | Average return | median | Stock count | Advancing share |
|---|---|---|---|---|
| Computers | +3.89% | +3.66% | 340 | 90.6% |
| Other | +2.90% | +1.95% | 385 | 93.0% |
| Machinery | +2.83% | +2.18% | 612 | 86.6% |
| Automobiles | +2.65% | +2.33% | 247 | 88.3% |
| Electronics | +2.65% | +2.51% | 436 | 84.2% |
| Power equipment | +2.28% | +1.99% | 358 | 89.9% |
| Media | +2.19% | +2.24% | 176 | 76.7% |
| Beauty and personal care | +1.97% | +1.39% | 33 | 84.8% |
| Household appliances | +1.95% | +1.84% | 94 | 83.0% |
| Retail and trade | +1.90% | +1.23% | 108 | 88.0% |
Worst-performing sectors: Banking(-0.54%), Utilities(-0.47%), Oil and petrochemicals(+0.01%), Steel(+0.02%), Building materials(+0.21%)
VIII. Top 10 high-volume core stocks
| Ticker | Turnover( 100m) | Return |
|---|---|---|
| 300308 | 279.2 | +3.82% |
| 300750 | 254.0 | +7.80% |
| 300502 | 213.6 | +1.16% |
| 688825 | 198.0 | +7.93% |
| 603986 | 129.1 | +5.51% |
| 688256 | 125.3 | +5.46% |
| 600487 | 86.4 | +1.75% |
| 002384 | 86.3 | +0.63% |
| 300394 | 84.7 | +1.93% |
| 001309 | 79.5 | +3.22% |
IX. Hot concepts TOP5
| concept | Return | leader | Limit-up count |
|---|---|---|---|
| 物理AI | +8.27% | 凡拓数创(+20.00%) | 3 |
| MCP概念 | +7.67% | 税友股份(+10.00%) | 2 |
| 宇树机器人 | +6.49% | 宇树科技(+20.00%) | 1 |
| MLOps概念 | +6.40% | 绿盟科技(+19.98%) | 1 |
| OpenClaw (龙虾) | +6.11% | 中科创达(+9.35%) | 0 |
X. Extreme movers
Top gainers: 920207.BJ 众诚科技(+30.00%), 920091.BJ 大鹏工业(+29.98%), 300584.SZ 海辰药业(+20.02%), 301660.SZ(+20.01%), 300296.SZ 利亚德(+20.00%)
Top decliners: 688121.SH *ST卓然(-20.37%), 300989.SZ 蕾奥规划(-13.25%), 300756.SZ 金马游乐(-12.26%), 301139.SZ *ST元道(-11.69%), 301718.SZ(-11.08%)
Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-23 18:45
Asian market overview
| Market | Index | Data date | Close | Daily return | Status |
|---|---|---|---|---|---|
| Hong Kong | Hang Seng | 2026-10-23 | 23093.37 | +0.69% | Closed session |
| Japan | Nikkei 225 | 2026-10-23 | 62693.16 | -0.34% | Closed session |
| Korea | KOSPI | 2026-10-23 | 5550.30 | +0.30% | Closed session |
- Hong Kong close data; 2026-10-23T08:00:00+00:00; Evidence:
asia.close.0eb628aeb947a8d59349fd9b580e0859784381f31cddb6c41a2b311a0d46b782 - Japan close data; 2026-10-23T06:30:00+00:00; Evidence:
asia.close.a5896f7b5133499e0d3eda99b734f8945e52eb939e63b3a741376a9bbd1d556a - Korea close data; 2026-10-23T06:30:00+00:00; Evidence:
asia.close.55505db7bfd2278da5a4381b364c5ddd0e6633fdf280dd29a3cf9723b8ada370
Source times use exchange-calendar session closes. Daily bar timestamps identify local sessions.