Asia market close review
Target date 2026-10-27; Source report generated at 2026-10-27 18:45 (Beijing time).
Asian market overview
Hong Kong · Hang Seng
-0.73%- Close
- 23041.32
- Status
- Closed session
Japan · Nikkei 225
+1.73%- Close
- 63268.37
- Status
- Closed session
Korea · KOSPI
+3.09%- Close
- 5638.34
- Status
- Closed session
Hong Kong · finance.yahoo.com · 2026-10-27T08:00:00+00:00
Japan · finance.yahoo.com · 2026-10-27T06:30:00+00:00
Korea · finance.yahoo.com · 2026-10-27T06:30:00+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: 14.7 / 49.8 (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
30.1 / 100- Status
- Somewhat weak
Turnover / historical median 0.90x; Turnover percentile 30.0%
Breadth
0 / 100- Status
- Weak
Advancing share 10.9%; Median stock return -3.0%; Above-VWAP share 4.9%
Profit effect
26.8 / 100- Status
- Somewhat weak
limit-up rate 0.8%; Share gaining over 5% 1.8%
Loss risk
68.2 / 100- Status
- 风险偏高
limit-down rate 0.5%; Share falling over 5% 17.0%
Trend confirmation
0 / 100- Status
- Weak
Advancing index share 0.0%; Median index return -3.0%; index close position 0.5%
Rotation quality
1 / 100- Status
- Weak
Advancing sector share 3.1%; Median sector return -2.5%; Leader concentration 100.0%
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% < 17.0%
Index overview
SSE Composite
-1.33%- Close level
- 3648.30
- Turnover (CNY 100m)
- 6724.14
SZSE Component
-2.50%- Close level
- 11245.73
- Turnover (CNY 100m)
- 3806.74
ChiNext Index
-3.41%- Close level
- 2548.15
- Turnover (CNY 100m)
- 1497.52
STAR Market 50
-4.81%- Close level
- 1252.28
- Turnover (CNY 100m)
- 640.32
CSI 300
-1.32%- Close level
- 4049.55
- Turnover (CNY 100m)
- 3831.26
CSI 500
-3.00%- Close level
- 6511.42
- Turnover (CNY 100m)
- 2491.42
CSI 1000
-3.07%- Close level
- 6427.17
- Turnover (CNY 100m)
- 2934.30
Market overview
%Median market return
-2.97%Turnover-weighted return
-2.59%Turnover weighting emphasizes high-turnover stocks; this is not an index return.
Total turnover
trillionTotal turnover
1.47 trillionMarket breadth
stocks- Up
- 606 stocks
- Down
- 4922 stocks
- Flat
- 42 stocks
Scale: 0 … 5,570 stocks
Advancing share
%Advancing share
10.9%Scale: 0 … 100 %
Intraday indicators
Share above VWAP
4.9%Scale: 0 … 100
Opening gap
+0.02%Scale: -5 … 5
Median intraday range
5.17%Scale: 0 … 5.17
Closing position
2.5%Scale: 0 … 100
Shares and positions use 0–100%; gap and range use separate scales.
return distribution
stocksBelow −9.9%
65- Share
- 1.2%
-9.9~-7%
192- Share
- 3.4%
-7~-5%
688- Share
- 12.4%
-5~-3%
1814- Share
- 32.6%
-3~-1%
1775- Share
- 31.9%
-1~0%
388- Share
- 7.0%
0~1%
265- Share
- 4.8%
1~3%
212- Share
- 3.8%
3~5%
69- Share
- 1.2%
5~7%
36- Share
- 0.6%
7~9.9%
14- Share
- 0.3%
At least +9.9%
52- Share
- 0.9%
Buckets follow the report; a bucket containing zero may include unchanged stocks and is not an advancing-stock count.
Price limits
stocks- Limit-up
- 44 stocks
- Limit-down
- 28 stocks
Scale: 0 … 72 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Representative limit-up stocks: 文投控股, 弘景光电, 新华百货, 大洋电机, 海洋王, 国芳集团, 沪光股份, 多伦科技, 亚太股份, 申达股份, 阳光乳业, 科瑞思
Gainers above 5% / Decliners below -5%
stocks- Return>5%
- 102 stocks
- Decline>5%
- 948 stocks
Scale: 0 … 1,050 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Longest limit-up streak
Longest limit-up streak
5 consecutive limit-up sessionsLarge-order flow proxy
100mLarge-order flow proxy
-631.73 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
- 1016 stocks
- Net outflows
- 4183 stocks
Scale: 0 … 5,199 stocks
Industry sectors TOP10
Banking
+1.34%- median
- +1.27%
- Stock count
- 42
- Advancing share
- 95.2%
Coal
-0.38%- median
- -0.63%
- Stock count
- 39
- Advancing share
- 41.0%
Retail and trade
-0.49%- median
- -1.17%
- Stock count
- 108
- Advancing share
- 25.0%
Transportation
-0.78%- median
- -0.75%
- Stock count
- 116
- Advancing share
- 30.2%
Consumer services
-1.34%- median
- -1.29%
- Stock count
- 57
- Advancing share
- 17.5%
Automobiles
-1.40%- median
- -1.84%
- Stock count
- 247
- Advancing share
- 20.6%
Utilities
-1.60%- median
- -1.59%
- Stock count
- 102
- Advancing share
- 11.8%
Textiles and apparel
-1.70%- median
- -2.29%
- Stock count
- 101
- Advancing share
- 17.8%
Food and beverages
-1.86%- median
- -2.06%
- Stock count
- 126
- Advancing share
- 12.7%
Non-bank financials
-1.95%- median
- -1.97%
- Stock count
- 71
- Advancing share
- 4.2%
Worst-performing sectors:
Defense(-4.64%), Computers(-4.40%), Electronics(-4.18%), Pharmaceuticals and biotechnology(-3.52%), Telecom(-3.29%)
Worst-performing sectors
Defense
-4.64%Computers
-4.40%Electronics
-4.18%Pharmaceuticals and biotechnology
-3.52%Telecom
-3.29%Top 10 high-volume core stocks
688825
151.10 CNY 100m- Return
- +0.80%
300308
140.10 CNY 100m- Return
- -2.94%
300502
114.30 CNY 100m- Return
- -5.60%
300750
88.10 CNY 100m- Return
- -2.10%
603259
85.80 CNY 100m- Return
- -3.10%
688256
77.10 CNY 100m- Return
- -5.68%
603986
66.40 CNY 100m- Return
- -2.70%
002384
57.50 CNY 100m- Return
- -4.12%
300394
57.00 CNY 100m- Return
- -4.24%
601899
55.30 CNY 100m- Return
- +1.38%
Extreme movers
天邑股份 300504.SZ
+20.01%宏明电子 301682.SZ
+20.00%弘景光电 301479.SZ
+20.00%科瑞思 301314.SZ
+20.00%横河精密 300539.SZ
+20.00%海正生材 688203.SH
-16.56%寒锐钴业 300618.SZ
-16.33%豪恩汽电 301488.SZ
-15.91%万马科技 300698.SZ
-15.89%星宸科技 301536.SZ
-14.56%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
-2.79 %Limit-up stocks
42 stocksVerified
Money flow
兴业银行 601166
12.13 CNY 100m贵州茅台 600519
8.55 CNY 100m工商银行 601398
7.97 CNY 100m光库科技 300620
5.66 CNY 100m万华化学 600309
4.79 CNY 100m中国银行 601988
4.75 CNY 100m民生银行 600016
4.70 CNY 100m紫金矿业 601899
4.57 CNY 100m多伦科技 603528
-7.38 CNY 100m胜宏科技 300476
-5.37 CNY 100m德明利 001309
-5.15 CNY 100m雪人集团 002639
-5.07 CNY 100m中际旭创 300308
-4.64 CNY 100mVerified
Recent return distribution
stocksAdvancing stocks / Declining stocks / Unchanged stocks
1,981 / 3,364 / 223
535 / 4,999 / 36
4,526 / 909 / 137
2,252 / 3,157 / 161
606 / 4,922 / 42
Supplemental chart availability
Hot concepts: missing · 本期无可核验点集 · No admitted public observations
*Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-27 18:45*
Original report and evidence (may include Chinese)
Market close review (2026-10-27)
Generated: 2026-10-27 18:45:19.889776 Data date: 2026-10-27 Report generation method: scheduled
This report was generated on schedule; the generation time is the actual run time.
20261027 Tuesday after-market review
I. Market state
- Status: Cool.
- Heat / fragility: 14.7 / 49.8 (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 | 30.1 | Somewhat weak | Turnover / historical median 0.90x; Turnover percentile 30.0% |
| Breadth | 0 | Weak | Advancing share 10.9%; Median stock return -3.0%; Above-VWAP share 4.9% |
| Profit effect | 26.8 | Somewhat weak | limit-up rate 0.8%; Share gaining over 5% 1.8% |
| Loss risk | 68.2 | 风险偏高 | limit-down rate 0.5%; Share falling over 5% 17.0% |
| Trend confirmation | 0 | Weak | Advancing index share 0.0%; Median index return -3.0%; index close position 0.5% |
| Rotation quality | 1 | Weak | Advancing sector share 3.1%; Median sector return -2.5%; Leader concentration 100.0% |
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% < 17.0%
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: 3648.30 [WARN] -1.33% | volume 6724.14 100m SZSE Component: 11245.73 [WARN] -2.50% | volume 3806.74 100m ChiNext Index: 2548.15 [WARN] -3.41% | volume 1497.52 100m STAR Market 50: 1252.28 [WARN] -4.81% | volume 640.32 100m CSI 300: 4049.55 [WARN] -1.32% | volume 3831.26 100m CSI 500: 6511.42 [WARN] -3.00% | volume 2491.42 100m CSI 1000: 6427.17 [WARN] -3.07% | volume 2934.30 100m
III. Market overview
Median market return [WARN] -2.97% | Turnover-weighted return -2.59% | Total turnover 1.47 trillion
Up 606 stocks | Down 4922 stocks | Flat 42 stocks | Advancing share 10.9%
Share above VWAP: 4.9% | Opening gap: +0.02% | Median intraday range: 5.17% | Closing position: 2.5%
return distribution: -inf~-9.9%:65 -9.9~-7%:192 -7~-5%:688 -5~-3%:1814 -3~-1%:1775 -10%:388 01%:265 13%:212 35%:69 57%:36 79.9%:14 9.9~inf%:52
IV. Price limits
Limit-up 44 stocks | Limit-down 28 stocks | Return>5% 102 stocks | Decline>5% 948 stocks
Longest limit-up streak: 5 sessions
Representative limit-up stocks: 文投控股, 弘景光电, 新华百货, 大洋电机, 海洋王, 国芳集团, 沪光股份, 多伦科技, 亚太股份, 申达股份, 阳光乳业, 科瑞思
V. Money flow
Large-order flow proxy [WARN] -631.73 100m | Net inflows 1016 stocks / Net outflows 4183 stocks
VI. Margin financing
Margin data unavailable (T+1 delay)
VII. Industry sectors TOP10
| Industry | Average return | median | Stock count | Advancing share |
|---|---|---|---|---|
| Banking | +1.34% | +1.27% | 42 | 95.2% |
| Coal | -0.38% | -0.63% | 39 | 41.0% |
| Retail and trade | -0.49% | -1.17% | 108 | 25.0% |
| Transportation | -0.78% | -0.75% | 116 | 30.2% |
| Consumer services | -1.34% | -1.29% | 57 | 17.5% |
| Automobiles | -1.40% | -1.84% | 247 | 20.6% |
| Utilities | -1.60% | -1.59% | 102 | 11.8% |
| Textiles and apparel | -1.70% | -2.29% | 101 | 17.8% |
| Food and beverages | -1.86% | -2.06% | 126 | 12.7% |
| Non-bank financials | -1.95% | -1.97% | 71 | 4.2% |
Worst-performing sectors: Defense(-4.64%), Computers(-4.40%), Electronics(-4.18%), Pharmaceuticals and biotechnology(-3.52%), Telecom(-3.29%)
VIII. Top 10 high-volume core stocks
| Ticker | Turnover( 100m) | Return |
|---|---|---|
| 688825 | 151.1 | +0.80% |
| 300308 | 140.1 | -2.94% |
| 300502 | 114.3 | -5.60% |
| 300750 | 88.1 | -2.10% |
| 603259 | 85.8 | -3.10% |
| 688256 | 77.1 | -5.68% |
| 603986 | 66.4 | -2.70% |
| 002384 | 57.5 | -4.12% |
| 300394 | 57.0 | -4.24% |
| 601899 | 55.3 | +1.38% |
IX. Hot concepts TOP5
X. Extreme movers
Top gainers: 300504.SZ 天邑股份(+20.01%), 301682.SZ 宏明电子(+20.00%), 301479.SZ 弘景光电(+20.00%), 301314.SZ 科瑞思(+20.00%), 300539.SZ 横河精密(+20.00%)
Top decliners: 688203.SH 海正生材(-16.56%), 300618.SZ 寒锐钴业(-16.33%), 301488.SZ 豪恩汽电(-15.91%), 300698.SZ 万马科技(-15.89%), 301536.SZ 星宸科技(-14.56%)
Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-27 18:45
Asian market overview
| Market | Index | Data date | Close | Daily return | Status |
|---|---|---|---|---|---|
| Hong Kong | Hang Seng | 2026-10-27 | 23041.32 | -0.73% | Closed session |
| Japan | Nikkei 225 | 2026-10-27 | 63268.37 | +1.73% | Closed session |
| Korea | KOSPI | 2026-10-27 | 5638.34 | +3.09% | Closed session |
- Hong Kong close data; 2026-10-27T08:00:00+00:00; Evidence:
asia.close.6c86df8501ce6bb5618e85f493af1aa5d72cba54b00cd1a516c9d2a036e94c40 - Japan close data; 2026-10-27T06:30:00+00:00; Evidence:
asia.close.30a69f936f79d1f4355dc63362f2af5e083bf049bc81ad6980937ade3a33519d - Korea close data; 2026-10-27T06:30:00+00:00; Evidence:
asia.close.69dfcba9f60b6b4902cc15953b94ba3ff7c3219eb6da23958ba97ebf49a1a835
Source times use exchange-calendar session closes. Daily bar timestamps identify local sessions.