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利好因素不断累积 公募乐观看待A股后市行情
Zhong Guo Zheng Quan Bao·2025-08-13 21:04

Market Performance - The A-share market showed strong performance on August 13, with the Shanghai Composite Index reaching a peak of 3688.63 points, surpassing the previous high of 3674.40 points from October 8, 2024 [1] - Market turnover significantly increased, exceeding 2 trillion yuan [1] Influencing Factors - The strong performance of the A-share market is attributed to three main factors: external risks subsiding, improved external liquidity due to expectations of a Federal Reserve rate cut in September, and the introduction of multiple growth-stabilizing policies shifting focus from production to consumption [2] - Fiscal spending is gradually transitioning from corporate support to benefiting residents [2] - There has been a notable shift in risk preference among residents, moving funds from low-risk assets to high-risk equity assets [2] Sector Insights - The computing power sector is showing a clear upward trend, with optimistic order volumes expected for the year, indicating sustained high demand [3] - The AI core asset of optical modules remains a focus for investors, with the computing power chain being a key area of interest in the current and future market [3] - The humanoid robot sector is also experiencing a resurgence, with significant commercial application potential in China [3] Future Market Outlook - The market's upward trend is expected to continue in the medium term, despite potential short-term volatility as the Shanghai Composite Index may need to consolidate after breaking through previous highs [2][3] - Key areas of focus for the second half of the year include breakthrough technologies domestically and high global market share manufacturing sectors [4]