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The risk appetite for global major asset classes is recovering, and a "Red October" market for A-shares is expected.
Jin10 data reported on October 9, that the A-shares will welcome the first trading day after the long holiday on October 9. Looking back at the long holiday period, the performance of global major assets showed significant characteristics of “risk appetite warming” and “re-inflation trading”. Looking ahead, the consensus from brokerage research reports is that during this long holiday, the overseas market sentiment was relatively positive, with major global risk assets showing strong correlations, as US stocks, Japanese stocks, and gold all hit historical highs, creating a positive macro environment for the A-share market after the holiday. Structurally, during the long holiday, market hotspots concentrated on the resources and AI sectors, especially with frequent catalysis in the AI industry, which is expected to further drive the technology growth style in October.