[Afternoon Commentary: The Science and Technology Innovation 50 Index fell more than 4% in half a day, and the total market value of the four major banks exceeded 10 trillion] On October 29, the market opened lower in early trading and moved lower. The GEM Index fell more than 3%, and the Science and Technology Innovation 50 Index fell more than 4%. The half-day turnover of the Shanghai and Shenzhen stock markets was 986.7 billion, a decrease of 26.9 billion from the previous trading day. Nearly 4,700 stocks across the market fell. On the market, the themes were weak, and the banking sector bucked the trend and strengthened. Industrial and Commercial Bank of China and China Construction Bank continued to hit record highs. The total market value of the four major banks exceeded 10 trillion, and Bank of Qingdao rose by more than 7%. The food and beverage sector rebounded in shock, with Qingdao Food having 4 consecutive boards, Babi Food and Huifa Food both rising by the limit; the concept of ice and snow economy was active, with Bingshan Cold and Hot and Longjiang Transportation rising by their limit. In terms of decline, the direction of computing power hardware fell collectively. Tianfu Communications once approached the drop limit during the session. Shijia Photonics, Robotics, Guangku Technology, Baiwei Storage, and Changyingtong all fell by more than 10%. As of the close, the Shanghai Stock Exchange Index fell 0.93%, the Shenzhen Component Index fell 2.55%, and the ChiNext Index fell 3.63%.