“对等关税”风险持续扰动，投资A股怎么应对？六大券商看好红利资产、自主可控、内需消费

Core Viewpoint - The U.S. President Trump signed an executive order imposing a minimum benchmark tariff of 10% on trade partners, which may lead to increased tariffs on certain partners, impacting the global economic landscape and A-share market dynamics [1] Group 1: Market Impact and Strategies - The impact of the U.S. tariff policy is expected to be a one-time shock to the A-share index, with the ongoing bull market driven by policy cycles, real estate deleveraging, and industry capacity reduction [2] - The recommendation for the next month includes focusing on sectors with low overseas economic sensitivity and high domestic policy sensitivity, such as banking, steel, and construction [2] - The A-share market may gradually start to trade based on expectations of increased counter-cyclical adjustments and domestic technological independence amid U.S.-China negotiations [3][4] Group 2: Investment Focus - Emphasis on domestic consumption and self-sufficiency as key areas for medium to long-term economic momentum, with a focus on low-volatility, high-dividend assets [3] - Suggested sectors include food and beverage, home appliances, and domestic substitutes in semiconductors and medical devices, while avoiding industries with high overseas revenue exposure [3][4] - The consumer sector, particularly in food, dairy, and beer, is highlighted as a defensive investment strategy amid global economic uncertainties [4][5] Group 3: Long-term Outlook - The consensus is that the global economic order is being reshaped, with a shift in demand and supply dynamics, leading to recommendations for resource and capital goods investments [4] - The Chinese domestic consumption market is viewed as a resilient asset during the current U.S. tariff impacts, with a focus on sectors that benefit from policy support and changing consumer preferences [5]