重磅会议定调下半年货币政策，A500ETF基金（512050）聚焦中国核新资产

Group 1 - A-shares experienced a decline after a period of continuous increase, with the Shanghai Composite Index down 0.36%, Shenzhen Component down 0.53%, and ChiNext down 0.66% [1] - The AI industry chain saw a general pullback, particularly in CPO and AI application concepts, while PCB and Huakun Zhenyu concepts also faced significant declines [1] - Precious metals followed the recovery in futures markets, and traditional Chinese medicine stocks performed well [1] Group 2 - Goldman Sachs' chief China equity strategist noted that the current market valuation is no longer low, and a pullback was expected after the indices reached new highs [2] - Despite the recent adjustments, improvements in corporate earnings suggest a potential growth of 10%-15% in the Chinese stock market over the next 12 months [2] - According to a strategy analyst from China Merchants Securities, the market is likely to experience fluctuations in early to mid-August, with a return to an upward trend and potential new highs in late August [2]