[Afternoon Commentary: The Shanghai Stock Exchange Index opened lower, rebounded and fell 0.3%, and the pharmaceutical and consumer sectors collectively strengthened] On October 30, the market opened sharply lower and then rebounded in shock. The three major indexes narrowed their declines. The ChiNext Index once fell by more than 3%. The half-day turnover of the Shanghai and Shenzhen stock markets was 1.01 trillion, which was 23 billion higher than the previous trading day. More than 2,800 stocks across the market fell. On the market, the themes were weak in rotation, with Qingdao Food, a large consumer, hitting the daily limit, Black Sesame, Yingjia Gongjiu, Quanyangquan, and Huangtai Liquor rising by the daily limit; PCB Jinan Guoji, Aohong Electronics, and Hongchang Electronics rising by the daily limit; the pharmaceutical sector was active against the trend, with Guilin Sanjin stepping out of the second straight board, Lingrui Pharmaceutical hitting the daily limit, Wanbang Pharmaceutical, Smart Medicine, and Offshore Protein rising by more than 11%. In terms of decline, the concept of Internet finance weakened, with Compass falling by more than 10%, followed by Great Wisdom, Wealth Trend, Huijin Technology, etc.; the concept of short drama fluctuated and adjusted, Cultural Investment Holdings fell by the limit, and Guangdong Media, Huanrui Century, Rongxin Culture, etc. fell one after another. As of the close, the Shanghai Stock Exchange Index fell 0.3%, the Shenzhen Component Index fell 0.58%, and the ChiNext Index fell 1.18%.