A 股先冲高后跳水，3500点得而复失

Group 1 - A-shares experienced volatility around the 3500-point mark, with significant selling pressure from trapped investors, making it difficult to break through this level [1] - The banking sector's rise is seen as a reflection of reduced market risk appetite, indicating a tug-of-war between bulls and bears [1] - The external environment remains challenging due to tariff issues, yet the pharmaceutical sector showed strong performance, with innovative drugs in both Hong Kong and A-shares rebounding [1] Group 2 - June CPI increased by 0.1% year-on-year, while PPI decreased by 3.6% year-on-year, indicating mixed economic signals [1] - Companies such as Muyuan Foods and Northern Rare Earth have released earnings forecasts, showing a mix of positive and negative outlooks [1] - Foster's performance is expected to decline due to intense competition in the photovoltaic sector, while Ganli Pharmaceutical and Hongta Securities anticipate earnings growth [1]