[Comment: GEM index opened high and fell 0.39%, military industry and low-level economic direction collectively strengthened] On October 16, the three major indexes had mixed gains and losses, the Shanghai Index closed in the red, and the GEM index narrowed its decline in late trading. Some broad-based ETFs saw heavy volume again in late trading, among which the CSI 300 ETF Huatai-PineBridge (510300) had a turnover of over 11 billion yuan, and the SSE 50 ETF ChinaAMC (510050) had a turnover of over 3 billion. The turnover of Shanghai and Shenzhen stock markets was 1.56 trillion, a decrease of 77.6 billion from the previous trading day. More than 3,300 stocks across the market rose. On the market, military industry Jinaobo, Great Wall Military Industry, Dawn Aviation, Guangdong Hongda, and Aerospace Chenguang rose by the daily limit; low-altitude economic concepts rose rapidly, with more than ten constituent stocks rising by the daily limit, Wanfeng Aowei, CITIC Haizhi, Baolong Technology, and Yingboer rose by the daily limit; Fujian Xiamen Xinda and Fujian Cement both rose by the daily limit; carbon fiber Jilin Chemical Fiber rose by the daily limit, and Zhongjian Technology rose by more than 10%. In terms of decline, the PCB concept fluctuated and fell, with Baoding Technology and Tianjin Pulin falling to the limit, Yihao New Materials, Jinlu Electronics, Sihui Fushi, etc. all falling; the CRO concept weakened, and WuXi AppTec once hit the limit during the session. As of the close, the Shanghai Composite Index rose 0.24%, the Shenzhen Component Index fell 0.12%, and the ChiNext Index fell 0.39%.