At the open in China’s A-share market, the Shanghai Composite rose 0.27%, the Shenzhen Composite Index gained 0.87% and the ChiNext Index advanced 1.19%. Semiconductors, industrial gases and precious metals led gains.

Guotai Haitong said baijiu shares have largely completed a price adjustment. The food & beverage sector has declined for six consecutive years since 2021. As of Nov. 5, 2026 the baijiu sub‑sector PE (TTM) was 23.1x, placing the sector at the 36.2nd percentile versus 2005‑present. Funds’ weight in food & beverage was 2.2% in Q3 2026—up QoQ but still at historic lows—leaving material room for valuation re‑rating.

香港恒生指数11月9日（周一）开盘上涨143.85点，涨幅0.59%，报24625.71点； 香港恒生科技指数11月9日（周一）开盘上涨41.75点，涨幅1.02%，报4119.98点； 国企指数11月9日（周一）开盘上涨51.43点，涨幅0.62%，报8325.53点； 红筹指数11月9日（周一）开盘上涨5.05点，涨幅0.13%，报4025.1点。