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Company and Industry 1029 | Google's Financial Report "Blows Up," Impacting the Computing Power Chain. How Far Have Tech Stocks Adjusted?
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A-share market opened lower and continued to decline today, with the Double Innovation Index falling by over 4%. More than 4,700 individual stocks tumbled, and trading volume shrank to 1.57 trillion yuan. The program focuses on the adjustments in computing power hardware, optical modules, and technology stocks under the impact of Google's financial report, as well as the performance of defensive sectors such as banks and food and beverage companies.
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CBN News, October 29, 2026, 20:11:15 - Listen to the news

Author: CBN; Editor: Hu Yingli

Host: Yang Zi

Guests: Wu Wenchang, Han Yu, Gu Yongjing

A-share market opened lower today and continued to decline, with the Double Innovation Index falling by over 4%. More than 4,700 individual stocks tumbled, and trading volume shrank to 1.57 trillion yuan. With further reduced trading volumes, is there still pressure for the market to test new lows in the short term? Computing power hardware saw a collective slump, with Tianfu Communications hitting its daily limit down during trading. What position have technology stocks adjusted to? Banks, on the other hand, performed strongly against the trend, with Industrial and Commercial Bank of China and China Construction Bank setting new historical highs. Will this extreme defensive market trend continue? Last night, Google's financial report caused a shock; has the narrative around computing power hardware shifted? Does the valuation slope for optical modules need to be revised downward further? Food and beverage stocks rebounded against the trend. Is this a rush by funds to repair their positions, or is it simply a defensive allocation? During this period of significant index corrections, how should one adjust their positions and portfolio allocations?

Tonight, Wu Wenchang, Han Yu, and Gu Yongjing are guests on "Companies and Industries," where we will face head-on the situation of shrinking volumes and sharp declines, analyze the impact of Google's financial reports, and discuss defensive strategies and industrial opportunities!

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