Asia market close review
Target date 2026-10-26; Source report generated at 2026-10-26 18:45 (Beijing time).
Asian market overview
Hong Kong · Hang Seng
+0.51%- Close
- 23211.81
- Status
- Closed session
Japan · Nikkei 225
-0.80%- Close
- 62189.65
- Status
- Closed session
Korea · KOSPI
-1.46%- Close
- 5469.47
- Status
- Closed session
Hong Kong · finance.yahoo.com · 2026-10-26T08:00:00+00:00
Japan · finance.yahoo.com · 2026-10-26T06:30:00+00:00
Korea · finance.yahoo.com · 2026-10-26T06:30:00+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: Cool.
Heat / fragility: 39.6 / 47.6 (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
45.5 / 100- Status
- Neutral
Turnover / historical median 0.98x; Turnover percentile 45.0%
Breadth
36.4 / 100- Status
- Somewhat weak
Advancing share 40.4%; Median stock return -0.5%; Above-VWAP share 46.1%
Profit effect
50.7 / 100- Status
- Neutral
limit-up rate 1.1%; Share gaining over 5% 3.4%
Loss risk
68.2 / 100- Status
- 风险偏高
limit-down rate 0.5%; Share falling over 5% 7.4%
Trend confirmation
24.8 / 100- Status
- Weak
Advancing index share 14.3%; Median index return -1.5%; index close position 56.0%
Rotation quality
50.4 / 100- Status
- Neutral
Advancing sector share 43.8%; Median sector return -0.2%; Leader concentration 42.8%
Scale: 0 … 100
Observation score; higher loss-risk scores mean greater risk. Scores are not probabilities or trading instructions.
Next-day validation
下一观察日跌幅超过 5% 的占比下降, 才算尾部亏钱效应缓和; Condition: Share falling over 5% < 7.4%
Index overview
SSE Composite
+0.19%- Close level
- 3697.52
- Turnover (CNY 100m)
- 7465.28
SZSE Component
-1.19%- Close level
- 11534.38
- Turnover (CNY 100m)
- 4391.84
ChiNext Index
-1.71%- Close level
- 2638.23
- Turnover (CNY 100m)
- 1746.04
STAR Market 50
-2.23%- Close level
- 1315.50
- Turnover (CNY 100m)
- 816.97
CSI 300
-0.04%- Close level
- 4103.54
- Turnover (CNY 100m)
- 4562.47
CSI 500
-1.49%- Close level
- 6712.73
- Turnover (CNY 100m)
- 2785.02
CSI 1000
-1.54%- Close level
- 6630.78
- Turnover (CNY 100m)
- 3167.61
Market overview
%Median market return
-0.47%Turnover-weighted return
-1.40%Turnover weighting emphasizes high-turnover stocks; this is not an index return.
Turnover-weighted return minus median 0.9pp, 高成交标的相对偏弱
Total turnover
trillionTotal turnover
1.62 trillionMarket breadth
stocks- Up
- 2252 stocks
- Down
- 3157 stocks
- Flat
- 161 stocks
Scale: 0 … 5,570 stocks
Advancing share
%Advancing share
40.4%Scale: 0 … 100 %
Intraday indicators
Share above VWAP
46.1%Scale: 0 … 100
Opening gap
-0.62%Scale: -5 … 5
Median intraday range
3.68%Scale: 0 … 5
Closing position
46.6%Scale: 0 … 100
Shares and positions use 0–100%; gap and range use separate scales.
return distribution
stocksBelow −9.9%
54- Share
- 1.0%
-9.9~-7%
128- Share
- 2.3%
-7~-5%
228- Share
- 4.1%
-5~-3%
589- Share
- 10.6%
-3~-1%
1260- Share
- 22.6%
-1~0%
898- Share
- 16.1%
0~1%
1036- Share
- 18.6%
1~3%
958- Share
- 17.2%
3~5%
231- Share
- 4.1%
5~7%
72- Share
- 1.3%
7~9.9%
41- Share
- 0.7%
At least +9.9%
75- Share
- 1.3%
Buckets follow the report; a bucket containing zero may include unchanged stocks and is not an advancing-stock count.
Price limits
stocks- Limit-up
- 59 stocks
- Limit-down
- 28 stocks
Scale: 0 … 87 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Representative limit-up stocks: 华阳智能, 金溢科技, 三羊马, *ST瑞茂, 奥雅股份, 大名城, 大千生态, 百达精工, 上纬新材, 皇台酒业, 泛亚微透, 林州重机
Gainers above 5% / Decliners below -5%
stocks- Return>5%
- 188 stocks
- Decline>5%
- 410 stocks
Scale: 0 … 598 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Longest limit-up streak
Longest limit-up streak
4 consecutive limit-up sessionsLarge-order flow proxy
100mLarge-order flow proxy
-354.75 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
- 1945 stocks
- Net outflows
- 3210 stocks
Scale: 0 … 5,155 stocks
Industry sectors TOP10
Banking
+1.52%- median
- +1.52%
- Stock count
- 42
- Advancing share
- 100.0%
Oil and petrochemicals
+1.23%- median
- +1.00%
- Stock count
- 49
- Advancing share
- 71.4%
Food and beverages
+1.16%- median
- +0.98%
- Stock count
- 126
- Advancing share
- 70.6%
Retail and trade
+1.13%- median
- +0.68%
- Stock count
- 108
- Advancing share
- 65.7%
Transportation
+1.02%- median
- +0.87%
- Stock count
- 116
- Advancing share
- 77.6%
Pharmaceuticals and biotechnology
+0.69%- median
- +0.68%
- Stock count
- 464
- Advancing share
- 60.8%
Beauty and personal care
+0.61%- median
- +0.62%
- Stock count
- 33
- Advancing share
- 63.6%
Media
+0.49%- median
- +0.59%
- Stock count
- 176
- Advancing share
- 59.7%
Real estate
+0.45%- median
- +0.31%
- Stock count
- 100
- Advancing share
- 53.0%
Non-bank financials
+0.26%- median
- +0.51%
- Stock count
- 71
- Advancing share
- 62.0%
Worst-performing sectors:
Electronics(-3.32%), Nonferrous metals(-1.91%), Power equipment(-1.48%), Machinery(-1.26%), Telecom(-1.26%)
Worst-performing sectors
Electronics
-3.32%Nonferrous metals
-1.91%Power equipment
-1.48%Machinery
-1.26%Telecom
-1.26%Top 10 high-volume core stocks
300308
169.80 CNY 100m- Return
- -2.96%
300502
147.20 CNY 100m- Return
- -3.57%
300750
146.20 CNY 100m- Return
- +0.17%
688825
138.50 CNY 100m- Return
- -0.44%
688256
134.20 CNY 100m- Return
- +3.84%
603986
86.50 CNY 100m- Return
- -5.33%
601899
82.50 CNY 100m- Return
- -4.58%
002384
81.70 CNY 100m- Return
- -7.70%
688836
74.60 CNY 100m- Return
- +7.69%
603259
72.80 CNY 100m- Return
- +0.88%
Hot concepts TOP5
无人配送
+3.99%- leader
- 中邮科技(+20.01%)
- Limit-up count
- 1
采矿业
+3.15%- leader
- 中海油服(+7.23%)
- Limit-up count
- 0
SPD概念
+3.10%- leader
- 英特集团(+10.04%)
- Limit-up count
- 2
医药商业
+2.83%- leader
- 百洋医药(+10.62%)
- Limit-up count
- 1
张雪机车概念
+2.62%- leader
- 恒勃股份(+7.80%)
- Limit-up count
- 0
Extreme movers
中邮科技 688648.SH
+20.01%科瑞思 301314.SZ
+20.01%奥雅股份 300949.SZ
+20.00%达瑞电子 300976.SZ
+20.00%华阳智能 301502.SZ
+20.00%920285.BJ
-29.19%南网科技 688248.SH
-16.42%同飞股份 300990.SZ
-16.40%920157.BJ
-16.11%联特科技 301205.SZ
-15.71%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).
Turnover
100mTurnover · — · 5 observations
Financing balance
100mFinancing balance · — · 5 observations
Market breadth dashboard
Average return
-0.62 %Degraded
Financing balances cover only some exchanges. Comparable coverage and actual observation dates are retained.
Money flow
宁德时代 300750
12.70 CNY 100m中际旭创 300308
7.53 CNY 100m歌尔股份 002241
6.61 CNY 100m工商银行 601398
6.18 CNY 100m比亚迪 002594
6.08 CNY 100m兴业银行 601166
5.82 CNY 100m慈文传媒 002343
5.60 CNY 100m海康威视 002415
5.55 CNY 100m天娱数科 002354
-16.51 CNY 100m兆易创新 603986
-13.77 CNY 100m云南锗业 002428
-8.41 CNY 100m亨通光电 600487
-8.37 CNY 100m华天科技 002185
-8.29 CNY 100mVerified
Recent return distribution
stocksAdvancing stocks / Declining stocks / Unchanged stocks
3,778 / 1,668 / 122
1,981 / 3,364 / 223
535 / 4,999 / 36
4,526 / 909 / 137
2,252 / 3,157 / 161
Supplemental chart availability
Market breadth dashboard: Degraded · Financing balances cover only some exchanges. Comparable coverage and actual observation dates are retained.
*Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-26 18:45*
Original report and evidence (may include Chinese)
Market close review (2026-10-26)
Generated: 2026-10-26 18:45:17.870133 Data date: 2026-10-26 Report generation method: scheduled
This report was generated on schedule; the generation time is the actual run time.
20261026 周一 盘后点评
I. Market state
- Status: Cool.
- Heat / fragility: 39.6 / 47.6 (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 | 45.5 | Neutral | Turnover / historical median 0.98x; Turnover percentile 45.0% |
| Breadth | 36.4 | Somewhat weak | Advancing share 40.4%; Median stock return -0.5%; Above-VWAP share 46.1% |
| Profit effect | 50.7 | Neutral | limit-up rate 1.1%; Share gaining over 5% 3.4% |
| Loss risk | 68.2 | 风险偏高 | limit-down rate 0.5%; Share falling over 5% 7.4% |
| Trend confirmation | 24.8 | Weak | Advancing index share 14.3%; Median index return -1.5%; index close position 56.0% |
| Rotation quality | 50.4 | Neutral | Advancing sector share 43.8%; Median sector return -0.2%; Leader concentration 42.8% |
Core tension
- N/A
Next-day validation
- 下一观察日跌幅超过 5% 的占比下降, 才算尾部亏钱效应缓和; Condition: Share falling over 5% < 7.4%
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: 3697.52 [OK] +0.19% | volume 7465.28 100m SZSE Component: 11534.38 [WARN] -1.19% | volume 4391.84 100m ChiNext Index: 2638.23 [WARN] -1.71% | volume 1746.04 100m STAR Market 50: 1315.50 [WARN] -2.23% | volume 816.97 100m CSI 300: 4103.54 [WARN] -0.04% | volume 4562.47 100m CSI 500: 6712.73 [WARN] -1.49% | volume 2785.02 100m CSI 1000: 6630.78 [WARN] -1.54% | volume 3167.61 100m
III. Market overview
Median market return [WARN] -0.47% | Turnover-weighted return -1.40% | Total turnover 1.62 trillion
Turnover-weighted return minus median 0.9pp, 高成交标的相对偏弱
Up 2252 stocks | Down 3157 stocks | Flat 161 stocks | Advancing share 40.4%
Share above VWAP: 46.1% | Opening gap: -0.62% | Median intraday range: 3.68% | Closing position: 46.6%
return distribution: -inf~-9.9%:54 -9.9~-7%:128 -7~-5%:228 -5~-3%:589 -3~-1%:1260 -10%:898 01%:1036 13%:958 35%:231 57%:72 79.9%:41 9.9~inf%:75
IV. Price limits
Limit-up 59 stocks | Limit-down 28 stocks | Return>5% 188 stocks | Decline>5% 410 stocks
Longest limit-up streak: 4 sessions
Representative limit-up stocks: 华阳智能, 金溢科技, 三羊马, *ST瑞茂, 奥雅股份, 大名城, 大千生态, 百达精工, 上纬新材, 皇台酒业, 泛亚微透, 林州重机
V. Money flow
Large-order flow proxy [WARN] -354.75 100m | Net inflows 1945 stocks / Net outflows 3210 stocks
VI. Margin financing
Margin data unavailable (T+1 delay)
VII. Industry sectors TOP10
| Industry | Average return | median | Stock count | Advancing share |
|---|---|---|---|---|
| Banking | +1.52% | +1.52% | 42 | 100.0% |
| Oil and petrochemicals | +1.23% | +1.00% | 49 | 71.4% |
| Food and beverages | +1.16% | +0.98% | 126 | 70.6% |
| Retail and trade | +1.13% | +0.68% | 108 | 65.7% |
| Transportation | +1.02% | +0.87% | 116 | 77.6% |
| Pharmaceuticals and biotechnology | +0.69% | +0.68% | 464 | 60.8% |
| Beauty and personal care | +0.61% | +0.62% | 33 | 63.6% |
| Media | +0.49% | +0.59% | 176 | 59.7% |
| Real estate | +0.45% | +0.31% | 100 | 53.0% |
| Non-bank financials | +0.26% | +0.51% | 71 | 62.0% |
Worst-performing sectors: Electronics(-3.32%), Nonferrous metals(-1.91%), Power equipment(-1.48%), Machinery(-1.26%), Telecom(-1.26%)
VIII. Top 10 high-volume core stocks
| Ticker | Turnover( 100m) | Return |
|---|---|---|
| 300308 | 169.8 | -2.96% |
| 300502 | 147.2 | -3.57% |
| 300750 | 146.2 | +0.17% |
| 688825 | 138.5 | -0.44% |
| 688256 | 134.2 | +3.84% |
| 603986 | 86.5 | -5.33% |
| 601899 | 82.5 | -4.58% |
| 002384 | 81.7 | -7.70% |
| 688836 | 74.6 | +7.69% |
| 603259 | 72.8 | +0.88% |
IX. Hot concepts TOP5
| concept | Return | leader | Limit-up count |
|---|---|---|---|
| 无人配送 | +3.99% | 中邮科技(+20.01%) | 1 |
| 采矿业 | +3.15% | 中海油服(+7.23%) | 0 |
| SPD概念 | +3.10% | 英特集团(+10.04%) | 2 |
| 医药商业 | +2.83% | 百洋医药(+10.62%) | 1 |
| 张雪机车概念 | +2.62% | 恒勃股份(+7.80%) | 0 |
X. Extreme movers
Top gainers: 688648.SH 中邮科技(+20.01%), 301314.SZ 科瑞思(+20.01%), 300949.SZ 奥雅股份(+20.00%), 300976.SZ 达瑞电子(+20.00%), 301502.SZ 华阳智能(+20.00%)
Top decliners: 920285.BJ(-29.19%), 688248.SH 南网科技(-16.42%), 300990.SZ 同飞股份(-16.40%), 920157.BJ(-16.11%), 301205.SZ 联特科技(-15.71%)
Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-26 18:45
Asian market overview
| Market | Index | Data date | Close | Daily return | Status |
|---|---|---|---|---|---|
| Hong Kong | Hang Seng | 2026-10-26 | 23211.81 | +0.51% | Closed session |
| Japan | Nikkei 225 | 2026-10-26 | 62189.65 | -0.80% | Closed session |
| Korea | KOSPI | 2026-10-26 | 5469.47 | -1.46% | Closed session |
- Hong Kong close data; 2026-10-26T08:00:00+00:00; Evidence:
asia.close.482858dbb20dae487117e57691567c0e9e0e5bf4243a0be86973beaf8152275f - Japan close data; 2026-10-26T06:30:00+00:00; Evidence:
asia.close.ff75b497d0b00366c7407ddc594ef2da3243470d8663377ebed01ae0720cd94e - Korea close data; 2026-10-26T06:30:00+00:00; Evidence:
asia.close.380abb674d518636d06b0d311ec4984dead4df15cb887b3538eb7b4dd2b62108
Source times use exchange-calendar session closes. Daily bar timestamps identify local sessions.