强势！A股重回3600点！

Core Viewpoint - The A-share market has rebounded strongly above 3600 points, driven by interest rate cut expectations, support from heavyweight stocks, and the appreciation of the RMB [1][2]. Market Performance - The Shanghai Composite Index closed at 3617 points, up 0.96%, while the Shenzhen Component and ChiNext Index rose by 0.59% and 0.39% respectively. The total trading volume reached 1.5961 trillion, an increase of 97.5 billion from the previous trading day [1]. Key Drivers - Interest Rate Cut Expectations: The market anticipates a 90% probability of a rate cut announcement by the Federal Reserve in September, following weaker-than-expected non-farm payroll numbers. Fed official Daly indicated that the timing for rate cuts is approaching, with a cumulative cut of 50 basis points expected this year if labor market weakness persists [1][2]. - Support from Banking Stocks: The surge in banking stocks was crucial for the index's breakthrough above 3600 points, providing essential support to the market [1][2]. - RMB Appreciation: The RMB strengthened from 7.21 to 7.186 against the USD, while the USD index fell from 100.25 to 98.9, contributing to foreign capital inflow into A-shares [1][2]. Sector Highlights - PEEK Materials: PEEK materials have seen significant gains, driven by the trend towards lightweight humanoid robots, with a projected market expansion as production ramps up in 2025 [3]. - Military Industry: The military sector is experiencing a recovery, with expectations for continued order announcements and growth in commercial aerospace and low-altitude economy sectors [4]. - Photolithography Equipment: The semiconductor equipment market is projected to reach $125.5 billion in sales by 2025, with strong support from national policies and increasing demand for domestic photolithography technology [5]. - Banking Sector: The banking sector has shown resilience, with some stocks reaching historical highs. Factors contributing to this include supportive government policies, attractive valuations compared to other sectors, and expectations for continued monetary easing [6][7].