“关税风暴”席卷A股，三大股指跌超7%，公募券商如何看后市

Core Viewpoint - The A-share market experienced a significant decline on April 7, attributed to the global market turmoil triggered by U.S. President Trump's announcement of "reciprocal tariffs," with major indices dropping over 7% [1][3][4]. Market Performance - On April 7, the Shanghai Composite Index fell by 7.34% to close at 3096.58 points, while the Shenzhen Component Index and the ChiNext Index dropped by 9.66% and 12.5%, respectively [3][4]. - Major indices such as the CSI 300 and the CSI 500 also saw declines of 7.05% and 9.55%, closing at 3589.44 points and 5845.5 points [4]. Market Sentiment and Analysis - The market sentiment was notably low due to the impact of falling Asian and global markets during the Qingming Festival, leading to a significant drop in risk appetite [5]. - Analysts from various institutions believe that despite the short-term volatility, the Chinese capital market still exhibits resilience against declines, with potential for recovery driven by domestic demand and policy support [6][7]. Investment Strategies - Investment strategies are shifting towards defensive allocations, with a focus on consumer and dividend stocks, which are viewed as "certain" assets amidst the uncertainty created by tariffs [8][9]. - Analysts suggest that the current environment may present long-term investment opportunities, particularly in sectors benefiting from domestic consumption and government stimulus measures [9][10]. Future Outlook - The overall sentiment indicates that while the immediate impact of tariffs may pose challenges, the long-term outlook for quality Chinese assets remains positive, with potential for valuation recovery and capital inflows [10].