§0Market Theme Overview
- 今日主线: AI_Compute_Semiconductors（broadening，30 条）、Memory_HBM（strengthening，18 条）、Japan_Value_Trading_Houses（strengthening，12 条）
- strengthening / broadening: Semiconductors_Broad(5/5)、Memory_Cycle_Divergence(5/5)、Japan_FX(5/5)、Crypto_Gold(5/5)
- weakening: Cloud_Software_AI_Apps(5/5)
- conflicting: （无）
- 新出现的相邻主题: Cloud_Software_AI_Apps（← AI_Compute_Semiconductors）、Cybersecurity（← AI_Compute_Semiconductors）、China_Memory_Localization（← Memory_HBM）、Shareholder_Return（← China_Internet_Platforms）
§1Core Theme Tracker
| Seed Theme | State | Momentum | 近5日 | Evidence (今日新增) | Sub-themes | Key Question |
|---|---|---|---|---|---|---|
| AI_Compute_Semiconductors | broadening | 5 | 5→5→5→2→5 | 30 (+10) | Semiconductors_Broad, AI_Infrastructure | 半导体周期位置是否支持维持台/韩/美半导体暴露？ |
| Memory_HBM | strengthening | 5 | 5→5→5→5→5 | 18 (+7) | Memory_Cycle_Divergence | HBM 需求与 commodity memory 供给过剩/中国国产化是否在分化韩国半导体暴露？ |
| Japan_Value_Trading_Houses | strengthening | 5 | 4→4→5→4→4 | 12 (+4) | Japan_FX | 日元路径是否改变对冲 vs 不对冲日本 ETF 的相对收益？ |
| Gold_Inflation_Real_Assets | strengthening | 5 | 5→5→5→1→1 | 7 | Crypto_Gold | 黄金/比特币是否在承担组合分散角色？ |
| Data_Center_Grid_Infrastructure | unknown | 2 | 1→1→1→1→1 | 2 (+1) | Data_Center_Power | 数据中心电力约束是否正在把 AI capex 溢出到电网/工业/公用事业暴露？ |
（今日无证据的种子主题: China_Internet_Platforms, Defensive_Cash_Duration, Structured_Yield, Private_AI_PreIPO）
- China_Internet_Platforms 数值锚点（2026-09-21）: Southbound 净流入 HK$40.7亿（买 481 / 卖 441 亿），southbound 买入榜首 Z.AI
- AI_Compute_Semiconductors 数值锚点（2026-09-21）: TWSE 外资净买超 NT$204.8亿
- Japan_Value_Trading_Houses 数值锚点: TSE value-up 已披露公司 2349 家（2026-08-31，月环比 -2）；CFTC 杠杆基金日元净多 23,170 手（2026-09-15，周度）
§2Adjacent Theme Expansion
Cloud_Software_AI_Apps（← AI_Compute_Semiconductors，downstream，distance 1）
- State: weakening（证据 6 条）
- 为什么在动: 今日证据: Enterprises are strategically choosing colocation data centers to host AI applications, deploy a hyb；Microsoft vs Alibaba: Which Cloud AI Stock Is Better Positioned? Yahoo Finance
- 与母主题的结构联系: AI capex 持续性最终取决于软件/应用端收入兑现
- Evidence: Enterprises Adopt Colocation for AI and Hybrid Cloud Initiat; Microsoft vs Alibaba: Which Cloud AI Stock Is Better Positio; Tencent Cloud and UTM Connect Malaysia's Emerging AI Talent
- Leading indicators: 软件厂商 AI 收入披露; IGV/QQQ 相对表现
Cybersecurity（← AI_Compute_Semiconductors，complementary，distance 1）
- State: emerging（证据 1 条）
- 为什么在动: 今日证据: 仅基于公开标题/摘要；需要人工打开原文阅读。
- 与母主题的结构联系: AI 部署扩大攻击面并催生治理合规支出
- Evidence: Belgium's Aikido launches cybersecurity AI model as demand f
- Leading indicators: 安全厂商 AI 产品收入; AI 监管进展
China_Memory_Localization（← Memory_HBM，risk_factor，distance 1）
- State: strengthening（证据 9 条）
- 为什么在动: 今日证据: CXMT Starts Mass Production of 5th-Gen DRAM Businesskorea；CXMT Starts Mass Production of Fifth-Gen DRAM Technology Org
- 与母主题的结构联系: CXMT/YMTC 扩产压制 commodity 内存价格
- Evidence: CXMT Starts Mass Production of 5th-Gen DRAM; CXMT Starts Mass Production of Fifth-Gen DRAM; China’s DRAM Specialist CXMT Eyes NAND Flash Entry
- Leading indicators: CXMT 产能与良率; 中国设备进口数据
Shareholder_Return（← China_Internet_Platforms，macro_driver，distance 1）
- State: strengthening（证据 7 条）
- 为什么在动: 今日证据: HSBC's Banking Unit Conducts $8 Million Early Buyback marketscreener.com；Weekly Recap: Second interim dividend and Hong Kong wealth growth TradingView
- 与母主题的结构联系: 回购/分红是港股平台估值修复的资金面支撑
- Evidence: HSBC's Banking Unit Conducts $8 Million Early Buyback; Weekly Recap: Second interim dividend and Hong Kong wealth g; Vanguard International High Dividend Yield ETF rated Buy for
- Leading indicators: 回购公告金额; southbound 净流入
§3Discovery Themes
ETF_Flows_Index_Concentration（discovery，strengthening，证据 3 条）
- 在讲什么: 今日证据: 核心观点（原文摘录）：Generally speaking, when an ETF that is relatively new to the market has already been acc；核心观点（原文摘录）：Throughout this Indexing Redefined series, we explored how traditional market-capitalizat
- Evidence: GCSH Passes $250 Million in AUM: Here’s How It Happened; Indexing Redefined, Part IV: Active Management vs. RAFI; emerging-market-ranks-eyes-billions-in-inflows">Vietnam enters FTSE emerging-market ranks, eyes billions in
- 处置: 连续多日活跃可提名进 theme_adjacency.yaml 或 seeds
Healthcare_biotech（discovery，unknown，证据 2 条）
- 在讲什么: 今日证据: 仅基于公开标题/摘要；需要人工打开原文阅读。；‘High tide’ of China biotech deals seen as US curb fears fade: analysts South China Morning Post
- Evidence: Nvidia, QIA-backed Iambic Therapeutics files for US IPO as b; ‘High tide’ of China biotech deals seen as US curb fears fad
- 处置: 连续多日活跃可提名进 theme_adjacency.yaml 或 seeds
§4Deep Theme Analysis
Theme: Semiconductors_Broad（AI_Compute_Semiconductors / core_seed）
- current_state: broadening（动量 5/5，证据 21 条，今日新增 5；近5日动量 5→5→5→2→5）
- what_changed: investingLive Americas FX news wrap 21 Sept: Nasdaq closes at a record,oil slides, Fed off; Nvidia, QIA-backed Iambic Therapeutics files for US IPO as biotech boom rolls on; AMD joins $1 trillion club as chipmakers rally on AI-driven demand
- market_mechanism: 半导体周期位置是否支持维持台/韩/美半导体暴露？
- revenue_profit_transmission: 关注 SMH, SOXX, SOXQ, XSD 的收入/利润端传导（财报与指引是确认路径）
- valuation_transmission: 关注估值倍数是否随证据密度重估（对照可比与历史区间）
- supporting_evidence: investingLive Americas FX news wrap 21 Sept: Nasdaq clo; GLOBAL MARKETS-Nasdaq hits record high as chipmakers fu; Weekly Recap: GDR buyback demand and intraday swing on
- contradicting_evidence: （无）
- sell_side_consensus: 共识方向 mixed；看多: （无）；看空: （无）
- sell_side_divergence: 方向 mixed，无显性反共识观点
- leading_indicators: TSMC 月营收; TWSE 外资买卖超; 半导体设备订单
- risks: 行业 beta 掩盖细分分化（AI vs 消费电子 vs 汽车）。
- what_to_verify_next: TSMC 月营收; TWSE 外资买卖超; 半导体设备订单
- market_analysis: Beyond AI Stocks: As Markets Broaden, Look to Active ET
Theme: Memory_Cycle_Divergence（Memory_HBM / core_seed）
- current_state: strengthening（动量 5/5，证据 18 条，今日新增 7；近5日动量 5→5→5→5→5）
- what_changed: H1 Earnings Update Could Shape The Case For HBM Holdings Stock; HBM Sold Out Through 2027. Micron’s Customers Are Begging. Can Anything Go Wrong? - 24/7 W
- market_mechanism: HBM 需求与 commodity memory 供给过剩/中国国产化是否在分化韩国半导体暴露？
- revenue_profit_transmission: 关注 MU, Samsung, SK Hynix, SMH, SOXX, SOXQ 的收入/利润端传导（财报与指引是确认路径）
- valuation_transmission: 关注估值倍数是否随证据密度重估（对照可比与历史区间）
- supporting_evidence: Samsung Electronics' DRAM Expansion Won't Ease Commodit; Daishin Securities sees Samsung strengthen upcycle on d
- contradicting_evidence: （无）
- sell_side_consensus: （近 7 天无研报覆盖）
- sell_side_divergence: -
- leading_indicators: HBM 合约价 vs DRAM/NAND 现货价; Samsung / SK Hynix DART 披露与产能计划; CXMT / 中国产能扩张进度
- risks: HBM 溢价与 commodity 价格战同时存在，整体 beta 不等于结构机会。
- what_to_verify_next: HBM 合约价 vs DRAM/NAND 现货价; Samsung / SK Hynix DART 披露与产能计划; CXMT / 中国产能扩张进度; 韩国半导体出口数据
- market_analysis: （今日无合格深度分析覆盖此主题——见 §8 缺口）
§5Sell-Side Research Desk
Earnings & Estimate Revisions
- CICC Cuts Alibaba Health Target Price to HK$4.5, Bullish on Pharmaceutical Business Fillin
- CICC | rating_or_target_change | 质量 1/5 | media_summary
- 简介: 观点：CICC Cuts Alibaba Health Target Price to HK$4.5, Bullish on Pharmaceutical Business Filling the Health Supplement Gap （无 LLM 摘要；公开摘要：CICC Cuts Alibaba Health Target Price to HK$4.5, Bullish on Pharmaceutical Business Filling the Health Supplement Gap fi）
- 主题: HK_china_flow_policy
- https://news.google.com/rss/articles/CBMidkFVX3lxTE9VVjdqM09jMTI2Zm9tSkFmaF9TOUtoT3A3dU9XQ3VvbVRiQWxFdmJRVkN3WUpBcWdSU3ZkTTFJTUdqWGN3eW1NODZmQVNTU0FLOGZ5OWR2OGFCd01sTWs3a2swWjNGS0tFMm1jeEZGbDc2djd4N2c?oc=5
Strategy / Positioning
- Goldman Sachs Says AI Infrastructure Offers More Upside Than 5% Treasury Yields
- Goldman Sachs | strategy_positioning | 质量 1/5 | media_summary
- 简介: 观点：Goldman Sachs Says AI Infrastructure Offers More Upside Than 5% Treasury Yields （无 LLM 摘要；公开摘要：Goldman Sachs Says AI Infrastructure Offers More Upside Than 5% Treasury Yields Tekedia）
- 主题: Rates_duration, AI_infrastructure
- https://news.google.com/rss/articles/CBMipgFBVV95cUxNWEhQdHVjQWR1RGw4aHByLXFrZkVLa1l4b1pRaTkyZmpHS1lEQTRvd2pIZmdaUm5mMWpVWEFVeVI4M2hLd09PaWtTQ21vRThWSXh2M1RYUlIyb1QtbkI0QTlQSzdUQl9SMlpJZjN4MVlOQ1lKY0hYZTlQdUlGVklacHNpdzZPX2h3QmdCdVUtXy0tOURaLV81U2lYUGFqc21kZE15NmFn?oc=5
- UBS sees limited yen gains despite Bank of Japan rate hike
- UBS | strategy_positioning | 质量 1/5 | media_summary
- 简介: 观点：UBS sees limited yen gains despite Bank of Japan rate hike （无 LLM 摘要；公开摘要：UBS sees limited yen gains despite Bank of Japan rate hike Investing.com UK）
- 主题: Rates_duration, FX_japan
- https://news.google.com/rss/articles/CBMiuwFBVV95cUxOc1gtVUpGd2FZdXkyc2pYalFPbHY4R2czN0U4c25nSlhpZ1hlM3hPM0kzX2lqM2RKNlNqaDZULS0xcmt1VFc4cGtxS1FZOHczOHpEbFZ2dG44S2ppMXNvMmxSNDc1R2xna2dkUzI5RmF6YmFYUHMtWG1zNUpZaDRQc2FhdnFEVmhJMko0SnBWYzJQdTA4RmtZeWFUbzg1YmdyVGhlM25SSHhjRzFvNExyUzhIRDI4ZjJKaXhN?oc=5
- Capgemini rises as Citi says Accenture-Anthropic deal boosts AI services outlook
- Citi | strategy_positioning | 质量 1/5 | media_summary
- 简介: 观点：Capgemini rises as Citi says Accenture-Anthropic deal boosts AI services outlook （无 LLM 摘要；公开摘要：Capgemini rises as Citi says Accenture-Anthropic deal boosts AI services outlook Investing.com）
- 主题: Private_AI_preIPO
- https://news.google.com/rss/articles/CBMi2AFBVV95cUxNOXRmUnB4Z3EybGhjX29IYXFreXJvYW43X2NETDNNdHMxWFdmRzdISktSdXpia2o0TW1LWnBJRGhDdDMtZDFTLVJSYzBCc3JYblNMVUhZOWVvdFdlOUlNWE9fWlVHMm1UU09EWmxtRHR2cEZZbTVIYXJsQlNPckdBTG02X2xuY1dXNFE4U3VnUTlEdHVVdkFKSlZmTVR5OUdiMW9KYjJHbmlOZzhBQ3pGczBlQmphQVJOUjBFMDdzSFF6SzJRc1Z4QTVTUU1TVG9fTVc3N2JzeEQ?oc=5
- Kaynes Tech May Triple Its Semiconductor Investment Under ISM 2.0, Says JPMorgan As India'
- J.P. Morgan | strategy_positioning | 质量 1/5 | media_summary
- 简介: 观点：Kaynes Tech May Triple Its Semiconductor Investment Under ISM 2.0, Says JPMorgan As India's Chip Capacity Gets Booked （无 LLM 摘要；公开摘要：Kaynes Tech May Triple Its Semiconductor Investment Under ISM 2.0, Says JPMorgan As India's Chip Capacity Gets Booked ND）
- 主题: Semiconductors
- https://news.google.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?oc=5
§6Sell-Side Consensus & Dispersion
Crypto_gold（up，6 份，confidence medium）
- consensus: 6 份观点（J.P. Morgan）：看多 2 / 看空 0
- 简介: 共识方向 up；看多: J.P. Morgan: JUST IN: JPMorgan says Bitcoin could outperform gold if ETF hedging demand eases 🚀; J.P. Morgan: Bitcoin to Outperform Gold if ETF Hedgin；看空: （无）
Semiconductors（mixed，5 份，confidence medium）
- consensus: 5 份观点（J.P. Morgan, Jefferies, Morgan Stanley, UBS）：看多 0 / 看空 0
- 简介: 共识方向 mixed；看多: （无）；看空: （无）
Rates_duration（up，5 份，confidence medium）
- consensus: 5 份观点（Goldman Sachs, HSBC, Mizuho, Morgan Stanley, UBS）：看多 1 / 看空 0
- 简介: 共识方向 up；看多: Mizuho: Mizuho Financial Group stock gains as BOJ rate hike lifts banks；看空: （无）
HK_china_flow_policy（down，4 份，confidence medium）
- consensus: 4 份观点（CICC, Goldman Sachs）：看多 1 / 看空 2
- 简介: 共识方向 down；看多: CICC: CICC Cuts Alibaba Health Target Price to HK$4.5, Bullish on Pharmaceutical Business Fillin；看空: Goldman Sachs: Goldman Sachs: Prefers gaming and entertainment within China's internet sector year-end; c
§7Deep Reading Queue
- OUSM ETF Rebalances: Highlighting Quality Factor Shifts
- source: etfdb_news | analysis_type: ETF_flow_positioning
- 细读价值: ★★★ 建议细读（质量 5/5，含具体数据）
- 摘要: 核心观点（原文摘录）：The index underpinning the ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (OUSM ) recently completed its annual reconstitution on September 18. Small-cap equ 受影响资产：待确认（driver: ETF_structure）
- theme: -
- https://etfdb.com/etf-building-blocks-content-hub/highlighting-quality-factor-shifts-ousm-etf-rebalances/
- Democratize Private Credit Access With the PCR ETF
- source: etfdb_news | analysis_type: ETF_flow_positioning
- 细读价值: ★★ 选读——先看摘要，涉及你跟踪的主题再开原文（质量 4/5，信息量以摘要为主）
- 摘要: 核心观点（原文摘录）：Private credit (PC) is a corner of the capital markets that is rapidly crossing over from institutional portfolios into wealth management channels. PC offers in 受影响资产：待确认（driver: AI_fundamental）
- theme: -
- https://etfdb.com/institutional-income-strategies-content-hub/the-pcr-etf-democratizes-private-credit-access/
- Brazil: Potential Positive Asymmetry Into the October Election
- source: globalx_research | analysis_type: thematic_investing
- 细读价值: ★★ 选读——先看摘要，涉及你跟踪的主题再开原文（质量 4/5，信息量以摘要为主）
- 摘要: 核心观点（原文摘录）：Global equity leadership over the past three years has been concentrated in a small number of U.S. mega-cap names tied to the AI infrastructure buildout. Brazil 受影响资产：待确认（driver: valuation）
- theme: -
- https://www.globalxetfs.com/articles/brazil-potential-positive-asymmetry-into-the-october-election
高信誉待人工阅读（只有公开标题/摘要）
- Nvidia, QIA-backed Iambic Therapeutics files for US IPO as biotech boom rolls on（reuters_gnews，reputation 4/5）
- 摘要: 仅基于公开标题/摘要；需要人工打开原文阅读。 发生了什么（原文摘录）：Nvidia, QIA-backed Iambic Therapeutics files for US IPO as biotech boom rolls on Reuters 与资产的关系：美股 ETF（driver: AI_fundamental）
- related_theme: Semiconductors, Healthcare_biotech | https://news.google.com/rss/articles/CBMivwFBVV95cUxQUFFHZFJFc2pid0VBT2lxVEVmMWZfMDFJeVVhM1NKLVdDMERCQi1RcFNKWkxzT0F6MDgtWm1vSGl5bEQ2TXplVGdhZERjX2syQTR1dy1UakNTOFhhYmpkWnRBX082VVc2U2I4aV9kU1RxbTJTV2tKVGNUSjFicjYtQnBVeHljUDVuV3lHNmsweWVUOFppemNhY3hXS3RScnl0WE10ajdsb3A4UUdHTXpIbzNIQXBxTFVzQm1LVWFJMA?oc=5
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat（reuters_gnews，reputation 4/5）
- 摘要: 仅基于公开标题/摘要；需要人工打开原文阅读。 发生了什么（原文摘录）：Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat Reuters 与资产的关系：美股 ETF（driver: macro_rates）
- related_theme: Rates_duration | https://news.google.com/rss/articles/CBMingFBVV95cUxQbUY0bG1IQkExN3pxSFZoX1VGN0hTNkluZ1hFd1F6VzZwdWtPRExzOXRnS0prRjV1M0I3U2tfUnhZcmJSQkV6STFKbUo2YXB6S1RhNUkycUFJUXg3UXA0WW9CWkRYaVVVUGRqRmRtUERCU1I4M3ZMYXhETmY1Q3FZQU9Ob1MtMzRONFc3NVFrNzVpcTQySVRzd1dENmcxdw?oc=5
- Vietnam enters FTSE emerging-market ranks, eyes billions in inflows（nikkei_asia，reputation 4/5）
- 摘要: 仅基于公开标题/摘要；需要人工打开原文阅读。 标题信息：Vietnam enters FTSE emerging-market ranks, eyes billions in inflows（feed 未提供公开摘要，资产范围: 日本 ETF）
- related_theme: ETF_flows_index_concentration | emerging-market-ranks-eyes-billions-in-inflows">https://asia.nikkei.com/business/markets/vietnam-enters-ftse-emerging-market-ranks-eyes-billions-in-inflows
- New Kaohsiung industrial park to bolster semiconductor sector: Lai（focus_taiwan_gnews，reputation 4/5）
- 摘要: 仅基于公开标题/摘要；需要人工打开原文阅读。 发生了什么（原文摘录）：New Kaohsiung industrial park to bolster semiconductor sector: Lai Focus Taiwan 与资产的关系：待确认（driver: AI_fundamental）
- related_theme: Semiconductors | https://news.google.com/rss/articles/CBMiV0FVX3lxTE1nQXNFUUl2ZUFRYnlueUhxbU5YMS1PSGg2UDkxNEVnbldqOEFpTXR0MlFCRmNlalM1MUUzMEpzbThoY29pTzZ3MmJzbDdmS28wVTlNczI3QQ?oc=5
- Taiwan’s defense resilience offers lessons for world: U.S. expert（focus_taiwan_gnews，reputation 4/5）
- 摘要: 仅基于公开标题/摘要；需要人工打开原文阅读。 发生了什么（原文摘录）：Taiwan’s defense resilience offers lessons for world: U.S. expert Focus Taiwan 与资产的关系：待确认（driver: AI_fundamental）
- related_theme: Defense_space | https://news.google.com/rss/articles/CBMiT0FVX3lxTE5UYm1zQzk3YVVJWkVwOXI0ZUN1SVBremNJZVlfUGEySXloMFptOXZaUURMdEhydVZmMkhuNldxdktjTzdmamwwTXdIUWlhLVk?oc=5
§8Coverage Gaps
主题只有单一来源支撑
- Memory_HBM: 全部证据来自 korea_semi_gnews
主题无卖方覆盖
- Memory_HBM: 近 7 天无研报/券商观点
主题长期无更新（stale）
- China_Internet_Platforms: 近 7 天无证据
核心主题缺高质量新闻
- Structured_Yield: 今日无合格新闻
相邻主题缺深度分析
- Data_Center_Power_Cooling: 2 条新闻但无深度分析
- Japan_FX: 12 条新闻但无深度分析
§9Documents to Parse
（今日无待解析文档）
§10Source Health
- 今日抓取 283 条；core 6 / adjacent 4 / discovery 2 主题；深度阅读 3 条、研报 5 份、待解析 0 份；跨日重复抑制 48 条（同一事件只出现两天）；低信息量 10 条（page_snapshot×10）
- [待修] investing_fx_fundamental: 已禁用（bot 防护/无 feed/待配 selector）｜验证 feed_url 或配 item_selector 后启用
- [待修] dcd_cross: 7 天无任何条目（抓取失败或 selector 失效）｜跑 run-theme cross-asset 看 error 列；static 源检查 item_selector
- [待修] reuters: 已禁用（bot 防护/无 feed/待配 selector）｜验证 feed_url 或配 item_selector 后启用
- [待修] dart_korea: 已禁用（bot 防护/无 feed/待配 selector）｜验证 feed_url 或配 item_selector 后启用
- [待修] etfcom_fund_flows: 7 天无任何条目（抓取失败或 selector 失效）｜跑 run-theme cross-asset 看 error 列；static 源检查 item_selector
- [待修] hkex_stock_connect_stats: 抓到条目但基本无摘要（extraction 低）｜配 excerpt_selector 或改用带摘要的 feed
- [源头候选] Seeking Alpha（seekingalpha.com）: 近 14 天 24 条高质量内容（主题: Semiconductors, FX_japan, Crypto_gold）——
alpha-radar source-scout查看/收编 - [源头候选] 24/7 Wall St.（247wallst.com）: 近 14 天 17 条高质量内容（主题: Semiconductors, Memory_cycle, AI_infrastructure）——
alpha-radar source-scout查看/收编 - [源头候选] MarketBeat（marketbeat.com）: 近 14 天 13 条高质量内容（主题: -）——
alpha-radar source-scout查看/收编 - [page_snapshot] hkex_stock_connect_stats: Historical Daily（页面快照 2026-09-21）
- [page_snapshot] jpx_etf_list: Listed Issues - ETFs | Japan Exchange Group（页面快照 2026-09-21）
- [page_snapshot] tsmc_ir_revenue: TSMC 2026 monthly revenue - Taiwan Semiconductor Manufacturi
- [page_snapshot] twse_foreign_trading: Daily Trading Details of Foreign and Other Investors - Taiwa