Group 1 - A-shares experienced a rebound after testing the 20-day moving average, with trading volume increasing from 1.5 trillion yuan to 1.7 trillion yuan over a few days, indicating potential for continued upward momentum [1] - The U.S. macroeconomic uncertainty has risen due to new tariffs imposed by Trump, with non-farm payrolls for July falling short of expectations, leading to increased recession fears [2][3] - Despite macro uncertainties, strong earnings reports from major tech companies like Microsoft, Meta, Apple, and Amazon have supported a stable performance in U.S. equities [3] Group 2 - The structural market trend has been highlighted by the performance of the CSI 1000 index, which reached a new high for the year, driven by sector rotation and policy shifts since last September [4] - The market has seen a shift in focus from cyclical stocks to technology stocks, particularly in AI and semiconductor sectors, as the market anticipates upcoming events in September and October [4] - The Ministry of Finance and the State Taxation Administration announced the resumption of VAT on interest income from newly issued government bonds starting August 8, which has strengthened dividend assets represented by banks [4]
A股 有望延续上行趋势
Qi Huo Ri Bao·2025-08-07 00:42