To The Moon

$SSE Comp(000001.SH)$ $Hang Seng Index - main 2410(HSImain)$ $SZSE Comp(399001)$ $Kweichow Moutai Co.,Ltd.(600519)$ $TRIP.COM-S(09961)$ Written by Shernice, hit the like button if you like my article. Today, China's A-shares market witnessed a historic milestone, shattering multiple records and defying expectations. The total transaction volume skyrocketed to an unprecedented 2.593 trillion yuan, with the Growth Enterprise Market Index surging 15.36% to reach new heights. In a stunning display of market fervor, transaction volumes breached the 1 trillion yuan mark within a mere 35 minutes of opening, obliterating the previous record for the fastest ascent to this threshold. Kweichow Moutai's transaction volume alone exceeded a staggering 27 billion yuan. Sector-wise, brokers stole the show with daily limit-ups, while banking stocks trailed behind with a respectable 4.72% gain. This surge comes hot on the heels of sweeping policy changes announced over the weekend. Major cities like Shanghai, Shenzhen, and Guangzhou unveiled bold new real estate policies, with Guangzhou fully lifting purchase restrictions and Shenzhen slashing minimum down payments for first- and second-home mortgages. The central bank's Monetary Policy Committee convened to turbocharge financial increment policies, aiming to buoy societal expectations. Local banks must issue detailed rules by October 12 and complete adjustments by October 31, paving the way for reduced mortgage interest rates and flexible re-pricing. These unprecedented measures have sparked an influx of foreign capital, with some attributing the policies to the country's sluggish economic performance. The capital market is merely reacting faster than the real economy. The National Bureau of Statistics reported a promising 49.8% manufacturing Purchasing Managers' Index (PMI) for September, exceeding market expectations and signaling a recovery. Investor enthusiasm is at an all-time high, with securities firms seeing a 50-300% spike in new account openings. Millennials and Gen Z investors dominate, accounting for 70% of new accounts. As A-shares continue their upward trajectory, consumption is also getting a boost, with stockholders upgrading their holiday plans and splurging on luxury travel. Despite minor technical glitches, investor interest remains unwavering. Brokers are scrambling to enhance their systems to cope with the trading frenzy. While the rebound is still in its infancy, consumption and manufacturing sectors are showing remarkable resilience. However, market trends can shift rapidly, making caution and adaptability crucial in navigating this bull market. As investors look to maximize profits and minimize risks, understanding the underlying logic of this market surge will be paramount. @Daily_Discussion @TigerPicks @Tiger_comments