US President Trump said a resolution to the Russia-Ukraine conflict is increasingly close.

伯恩斯坦的日本科技策略研报显示，2026年第三季度，日本科技股内部的投资风格出现明显逆转。相对日本科技板块，高收益率因子跑赢12个百分点，价值和低波动因子均跑赢11个百分点；动量因子落后20个百分点，成长因子落后8个百分点。此前市场偏好的成长与动量策略明显降温，价值、防御及现金流收益率相关策略开始占优。 这一变化在10月上半月延续。截至10月16日，低波动和高自由现金流收益率因子分别跑赢科技板块约4个百分点，质量与QARP（合理价格买入优质企业）因子均跑赢约3个百分点，动量与成长风格继续承压。 伯恩斯坦认为，成长、动量和质量组合的相对盈利预测上修已接近高位，后续表现可能受到盈利预期见顶的压力。相比之下，高收益率组合估值仍具吸引力，盈利预期尚未达到极端水平，且拥挤交易风险较低；QARP仍有盈利预测继续上修的空间。该行预计，成长与动量风格的相对弱势可能延续至年底。

Oct. 22, 2026, Hangzhou — At the World Physical AI Conference, Yushu Technology chairman and CTO Wang Xingxing said leading large-model developers have, to some extent, achieved internal model self‑evolution, with models writing code and collecting data while humans provide guidance. He warned diffusion from technical breakthroughs to broad public use typically takes 5–10 years, noted physical AI is already showing early signs of breakthrough, and identified aligning AI models’ inputs and outputs with real robots as the central challenge for embodied intelligence to move past the ChatGPT moment.