SIASUN(SZ:300024) Sou Hu Cai Jing·2025-08-15 11:46Market Overview - The market experienced a rebound with the Wind data indicating that the Shanghai Composite Index rose by 2.1%, the CSI 300 increased by 1.2%, the ChiNext Index went up by 0.5%, and the Wind All A Index climbed by 1.9% [3][10] - Small-cap stocks outperformed large-cap stocks, and growth stocks showed slightly better performance compared to value stocks [3][10] - The cyclical sectors led the performance, particularly the high-end manufacturing sector, while the TMT sector showed weaker performance [3][10] Bond Market - The bond market showed narrow fluctuations with the 10-year government bond yield decreasing by 2 basis points to 1.69%, while the 30-year yield increased by 1 basis point to 1.96% [4] - The one-year AA+ credit spread decreased by 1 basis point, while the five-year AA+ credit spread increased by 1 basis point [4] International Market - The upcoming US-Russia negotiations and the increased expectations for a Fed rate cut contributed to a decline in the US dollar index, with the S&P 500 rising by 2.4% and the Nasdaq increasing by 3.9% [5] - Global market risk appetite improved, leading to a 1.4% increase in the Hang Seng Index [5] A-share Sector Performance - Among the sectors, non-ferrous metals (5.83%), machinery (5.75%), and defense industry (5.24%) performed relatively well, while pharmaceuticals (-0.79%) and consumer services (-0.01%) lagged [7][10] - The recovery in market risk appetite led to active trading in thematic sectors, with the robotics theme gaining traction ahead of the 2025 World Robot Conference [7][8] Fund Issuance - A total of 34 public funds were issued last week, accumulating 39.7 billion units, with a notable shift towards balanced issuance between equity and bond funds [15]