A股突现调整，原因何在？

Market Overview - The market experienced fluctuations with mixed performance across major indices, where the Shanghai Composite Index rose by 0.03%, while the Shenzhen Component and ChiNext fell by 0.58% and 0.68% respectively [1] - Over 3,600 stocks declined in the market, with total trading volume in the Shanghai and Shenzhen markets at 1.11 trillion yuan, a decrease of 120.7 billion yuan compared to the previous trading day [1] Sector Performance - Sectors such as PEEK materials, electricity, pet economy, and banking showed strong gains, while sectors like newly listed stocks, software development, Huawei Ascend, and computing power faced declines [1] - The banking sector, particularly the three major state-owned banks, reached historical highs, indicating a shift towards safe-haven assets [1][2] Investment Trends - The recovery trend since April 7 has shown a pattern where market focus shifts towards domestic consumption and safe-haven assets during trade friction signals, while recovery occurs in export-related sectors when signals ease [5] - High-dividend assets like electricity, banking, insurance, and coal led the gains, while sectors such as chemical pharmaceuticals, wind power, and food processing remained active [6] Banking Sector Insights - Recent reports from A-share listed banks indicate a positive trend in Q1 2025, with many banks achieving growth in both revenue and net profit, alongside steady credit expansion [8] - Analysts suggest that the banking sector is likely to benefit from economic recovery, recommending a focus on large state-owned banks and quality city commercial banks [8] Future Market Outlook - Analysts express concerns about potential market adjustments ahead of the May Day holiday, noting that profit-taking behavior is common during this period [9] - Expectations for policy support in May are high, with potential new measures anticipated to stabilize the market and promote healthy development in the real estate sector [10] - The market is expected to maintain a relatively loose liquidity environment, primarily driven by long-term capital inflows [10][11]