Asia market close review
Target date 2026-10-28; Source report generated at 2026-10-28 18:45 (Beijing time).
Asian market overview
Hong Kong · Hang Seng
+0.23%- Close
- 23094.83
- Status
- Closed session
Japan · Nikkei 225
+1.08%- Close
- 63954.19
- Status
- Closed session
Korea · KOSPI
+6.63%- Close
- 6012.44
- Status
- Closed session
Hong Kong · finance.yahoo.com · 2026-10-28T08:00:00+00:00
Japan · finance.yahoo.com · 2026-10-28T06:30:00+00:00
Korea · finance.yahoo.com · 2026-10-28T06:30:00+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: 86.9 / 10 (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
55.4 / 100- Status
- Somewhat strong
Turnover / historical median 1.03x; Turnover percentile 55.0%
Breadth
91.8 / 100- Status
- Strong
Advancing share 74.6%; Median stock return 1.3%; Above-VWAP share 67.1%
Profit effect
85.3 / 100- Status
- Strong
limit-up rate 1.3%; Share gaining over 5% 12.0%
Loss risk
2.2 / 100- Status
- Low risk
limit-down rate 0.1%; Share falling over 5% 1.0%
Trend confirmation
98.4 / 100- Status
- Strong
Advancing index share 100.0%; Median index return 2.0%; index close position 77.1%
Rotation quality
91.9 / 100- Status
- Strong
Advancing sector share 87.5%; Median sector return 1.2%; Leader concentration 25.2%
Scale: 0 … 100
Observation score; higher loss-risk scores mean greater risk. Scores are not probabilities or trading instructions.
Index overview
SSE Composite
+0.91%- Close level
- 3681.47
- Turnover (CNY 100m)
- 7510.19
SZSE Component
+2.02%- Close level
- 11473.18
- Turnover (CNY 100m)
- 4353.78
ChiNext Index
+3.40%- Close level
- 2634.76
- Turnover (CNY 100m)
- 1832.25
STAR Market 50
+2.45%- Close level
- 1282.93
- Turnover (CNY 100m)
- 756.76
CSI 300
+0.85%- Close level
- 4083.87
- Turnover (CNY 100m)
- 4192.79
CSI 500
+1.99%- Close level
- 6640.89
- Turnover (CNY 100m)
- 2842.88
CSI 1000
+2.35%- Close level
- 6578.10
- Turnover (CNY 100m)
- 3374.64
Market overview
%Median market return
+1.34%Turnover-weighted return
+3.24%Turnover weighting emphasizes high-turnover stocks; this is not an index return.
Turnover-weighted return minus median 1.9pp, High-turnover stocks were relatively stronger
Total turnover
trillionTotal turnover
1.64 trillionMarket breadth
stocks- Up
- 4156 stocks
- Down
- 1239 stocks
- Flat
- 175 stocks
Scale: 0 … 5,570 stocks
Advancing share
%Advancing share
74.6%Scale: 0 … 100 %
Intraday indicators
Share above VWAP
67.1%Scale: 0 … 100
Opening gap
+0.37%Scale: -5 … 5
Median intraday range
3.81%Scale: 0 … 5
Closing position
63.6%Scale: 0 … 100
Shares and positions use 0–100%; gap and range use separate scales.
return distribution
stocksBelow −9.9%
15- Share
- 0.3%
-9.9~-7%
11- Share
- 0.2%
-7~-5%
32- Share
- 0.6%
-5~-3%
71- Share
- 1.3%
-3~-1%
397- Share
- 7.1%
-1~0%
713- Share
- 12.8%
0~1%
1181- Share
- 21.2%
1~3%
1633- Share
- 29.3%
3~5%
846- Share
- 15.2%
5~7%
354- Share
- 6.4%
7~9.9%
166- Share
- 3.0%
At least +9.9%
151- Share
- 2.7%
Buckets follow the report; a bucket containing zero may include unchanged stocks and is not an advancing-stock count.
Price limits
stocks- Limit-up
- 74 stocks
- Limit-down
- 8 stocks
Scale: 0 … 82 stocks
Price-limit counts overlap with moves beyond 5%; compare groups separately.
Representative limit-up stocks: 儒竞科技, 得邦照明, 杰克科技, 莱美药业, 百洋股份, 泰山石油, 斯迪克, 博杰股份, 西子洁能, 百纳千成, 今创集团, 科森科技
Gainers above 5% / Decliners below -5%
stocks- Return>5%
- 671 stocks
- Decline>5%
- 58 stocks
Scale: 0 … 729 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
+466.98 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
- 2560 stocks
- Net outflows
- 962 stocks
Scale: 0 … 3,522 stocks
Industry sectors TOP10
Electronics
+4.06%- median
- +3.57%
- Stock count
- 435
- Advancing share
- 94.7%
Automobiles
+3.25%- median
- +2.90%
- Stock count
- 247
- Advancing share
- 84.2%
Machinery
+3.20%- median
- +2.80%
- Stock count
- 612
- Advancing share
- 86.3%
Telecom
+2.37%- median
- +1.95%
- Stock count
- 151
- Advancing share
- 84.8%
Household appliances
+2.27%- median
- +1.73%
- Stock count
- 94
- Advancing share
- 78.7%
Defense
+2.27%- median
- +2.22%
- Stock count
- 135
- Advancing share
- 80.0%
Basic chemicals
+2.15%- median
- +1.61%
- Stock count
- 351
- Advancing share
- 76.6%
Media
+2.03%- median
- +1.45%
- Stock count
- 176
- Advancing share
- 79.0%
Pharmaceuticals and biotechnology
+1.87%- median
- +1.21%
- Stock count
- 464
- Advancing share
- 74.1%
Nonferrous metals
+1.77%- median
- +1.34%
- Stock count
- 129
- Advancing share
- 79.8%
Worst-performing sectors:
Non-bank financials(-0.54%), Banking(-0.35%), Food and beverages(-0.19%), Agriculture, forestry and fisheries(-0.06%), Beauty and personal care(+0.05%)
Top 10 high-volume core stocks
300308
235.70 CNY 100m- Return
- +10.28%
688825
161.90 CNY 100m- Return
- +3.16%
300502
150.90 CNY 100m- Return
- +8.08%
603986
122.80 CNY 100m- Return
- +7.77%
300750
102.40 CNY 100m- Return
- -1.66%
688256
90.00 CNY 100m- Return
- +4.93%
300394
73.70 CNY 100m- Return
- +6.79%
300223
72.70 CNY 100m- Return
- +18.37%
600276
72.40 CNY 100m- Return
- +6.17%
600487
63.40 CNY 100m- Return
- +4.17%
Extreme movers
朗信电气 920220.BJ
+30.00%旺成科技 920896.BJ
+29.94%百纳千成 300291.SZ
+20.00%富瀚微 300613.SZ
+20.00%斯迪克 300806.SZ
+20.00%*ST航图 688066.SH
-18.10%西安奕材 688783.SH
-17.20%华兰疫苗 301207.SZ
-13.79%鼎通科技 688668.SH
-11.39%戈碧迦 920438.BJ
-10.26%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
1.87 %Limit-up stocks
71 stocksVerified
Money flow
中际旭创 300308
22.75 CNY 100m新易盛 300502
9.33 CNY 100m寒武纪 688256
9.11 CNY 100m澜起科技 688008
8.42 CNY 100m君正股份 300223
6.97 CNY 100m兴森科技 002436
5.63 CNY 100m生益科技 600183
5.23 CNY 100m宇树科技 688836
5.16 CNY 100m五粮液 000858
-7.28 CNY 100m招商银行 600036
-5.56 CNY 100m长江电力 600900
-5.34 CNY 100m平安银行 000001
-3.19 CNY 100m长鑫科技 688825
-3.18 CNY 100mVerified
Recent return distribution
stocksAdvancing stocks / Declining stocks / Unchanged stocks
535 / 4,999 / 36
4,526 / 909 / 137
2,252 / 3,157 / 161
606 / 4,922 / 42
4,156 / 1,239 / 175
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: 2026-10-28 18:45*
Original report and evidence (may include Chinese)
Market close review (2026-10-28)
Generated: 2026-10-28 18:45:17.692316 Data date: 2026-10-28 Report generation method: scheduled
This report was generated on schedule; the generation time is the actual run time.
20261028 Wednesday after-market review
I. Market state
- Status: Hot.
- Heat / fragility: 86.9 / 10 (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 | 55.4 | Somewhat strong | Turnover / historical median 1.03x; Turnover percentile 55.0% |
| Breadth | 91.8 | Strong | Advancing share 74.6%; Median stock return 1.3%; Above-VWAP share 67.1% |
| Profit effect | 85.3 | Strong | limit-up rate 1.3%; Share gaining over 5% 12.0% |
| Loss risk | 2.2 | Low risk | limit-down rate 0.1%; Share falling over 5% 1.0% |
| Trend confirmation | 98.4 | Strong | Advancing index share 100.0%; Median index return 2.0%; index close position 77.1% |
| Rotation quality | 91.9 | Strong | Advancing sector share 87.5%; Median sector return 1.2%; Leader concentration 25.2% |
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: 3681.47 [OK] +0.91% | volume 7510.19 100m SZSE Component: 11473.18 [OK] +2.02% | volume 4353.78 100m ChiNext Index: 2634.76 [OK] +3.40% | volume 1832.25 100m STAR Market 50: 1282.93 [OK] +2.45% | volume 756.76 100m CSI 300: 4083.87 [OK] +0.85% | volume 4192.79 100m CSI 500: 6640.89 [OK] +1.99% | volume 2842.88 100m CSI 1000: 6578.10 [OK] +2.35% | volume 3374.64 100m
III. Market overview
Median market return [OK] +1.34% | Turnover-weighted return +3.24% | Total turnover 1.64 trillion
Turnover-weighted return minus median 1.9pp, High-turnover stocks were relatively stronger
Up 4156 stocks | Down 1239 stocks | Flat 175 stocks | Advancing share 74.6%
Share above VWAP: 67.1% | Opening gap: +0.37% | Median intraday range: 3.81% | Closing position: 63.6%
return distribution: -inf~-9.9%:15 -9.9~-7%:11 -7~-5%:32 -5~-3%:71 -3~-1%:397 -10%:713 01%:1181 13%:1633 35%:846 57%:354 79.9%:166 9.9~inf%:151
IV. Price limits
Limit-up 74 stocks | Limit-down 8 stocks | Return>5% 671 stocks | Decline>5% 58 stocks
Longest limit-up streak: 5 sessions
Representative limit-up stocks: 儒竞科技, 得邦照明, 杰克科技, 莱美药业, 百洋股份, 泰山石油, 斯迪克, 博杰股份, 西子洁能, 百纳千成, 今创集团, 科森科技
V. Money flow
Large-order flow proxy [OK] +466.98 100m | Net inflows 2560 stocks / Net outflows 962 stocks
VI. Margin financing
Margin data unavailable (T+1 delay)
VII. Industry sectors TOP10
| Industry | Average return | median | Stock count | Advancing share |
|---|---|---|---|---|
| Electronics | +4.06% | +3.57% | 435 | 94.7% |
| Automobiles | +3.25% | +2.90% | 247 | 84.2% |
| Machinery | +3.20% | +2.80% | 612 | 86.3% |
| Telecom | +2.37% | +1.95% | 151 | 84.8% |
| Household appliances | +2.27% | +1.73% | 94 | 78.7% |
| Defense | +2.27% | +2.22% | 135 | 80.0% |
| Basic chemicals | +2.15% | +1.61% | 351 | 76.6% |
| Media | +2.03% | +1.45% | 176 | 79.0% |
| Pharmaceuticals and biotechnology | +1.87% | +1.21% | 464 | 74.1% |
| Nonferrous metals | +1.77% | +1.34% | 129 | 79.8% |
Worst-performing sectors: Non-bank financials(-0.54%), Banking(-0.35%), Food and beverages(-0.19%), Agriculture, forestry and fisheries(-0.06%), Beauty and personal care(+0.05%)
VIII. Top 10 high-volume core stocks
| Ticker | Turnover( 100m) | Return |
|---|---|---|
| 300308 | 235.7 | +10.28% |
| 688825 | 161.9 | +3.16% |
| 300502 | 150.9 | +8.08% |
| 603986 | 122.8 | +7.77% |
| 300750 | 102.4 | -1.66% |
| 688256 | 90.0 | +4.93% |
| 300394 | 73.7 | +6.79% |
| 300223 | 72.7 | +18.37% |
| 600276 | 72.4 | +6.17% |
| 600487 | 63.4 | +4.17% |
IX. Hot concepts TOP5
X. Extreme movers
Top gainers: 920220.BJ 朗信电气(+30.00%), 920896.BJ 旺成科技(+29.94%), 300291.SZ 百纳千成(+20.00%), 300613.SZ 富瀚微(+20.00%), 300806.SZ 斯迪克(+20.00%)
Top decliners: 688066.SH *ST航图(-18.10%), 688783.SH 西安奕材(-17.20%), 301207.SZ 华兰疫苗(-13.79%), 688668.SH 鼎通科技(-11.39%), 920438.BJ 戈碧迦(-10.26%)
Data: Tushare / market-data-platform | Desk: Research editorial | Generated: 2026-10-28 18:45
Asian market overview
| Market | Index | Data date | Close | Daily return | Status |
|---|---|---|---|---|---|
| Hong Kong | Hang Seng | 2026-10-28 | 23094.83 | +0.23% | Closed session |
| Japan | Nikkei 225 | 2026-10-28 | 63954.19 | +1.08% | Closed session |
| Korea | KOSPI | 2026-10-28 | 6012.44 | +6.63% | Closed session |
- Hong Kong close data; 2026-10-28T08:00:00+00:00; Evidence:
asia.close.a31fd206960c01ca13d0f283c9a4a599c7bded50553de093e1d8b254b6eedf84 - Japan close data; 2026-10-28T06:30:00+00:00; Evidence:
asia.close.a3bfede3bd23ad5e66b67b3e3d3d0d2a3003411612295bbe34f0a9961cf837ee - Korea close data; 2026-10-28T06:30:00+00:00; Evidence:
asia.close.4af3dda3e5d98e3b30b6f132317c3868aac3aa597c4b9433fa0fb76316224394
Source times use exchange-calendar session closes. Daily bar timestamps identify local sessions.