持续上涨，三大指数均创近年新高！专家：正逐步转向全面牛市

Market Performance - A-shares have been on a continuous upward trend since July, with major indices reaching new highs, including the Shanghai Composite Index surpassing a nearly 10-year high [1][4] - On August 18, the three major indices closed higher, with the Shanghai Composite Index at 3728.03, up 0.85%, the Shenzhen Component Index at 11835.57, up 1.73%, and the ChiNext Index at 2606.20, up 2.84% [1][4] Sector Performance - The financial sector, liquid cooling server stocks, film and television industry, and Huawei HiSilicon concept stocks saw significant gains [4] - Notable stocks included Zhinan Zhen, which hit a historical high, and several stocks in the liquid cooling server sector and film industry that reached their daily limit [4] Trading Volume and Market Capitalization - The total trading volume for the day reached 28,091 billion yuan, an increase of 5,363 billion yuan from the previous day, with over 4,037 stocks rising [4] - The total market capitalization of A-shares exceeded 100 trillion yuan for the first time in history [4] Bond Market Reaction - Concurrently, bond yields rose, with the 10-year treasury yield increasing by 3 basis points to 1.775% and the 30-year yield rising by approximately 5 basis points to 2.1%, indicating a sell-off in the bond market [5] Market Outlook - Analysts suggest that the current market trend is supported by strong policy backing and ample liquidity, with foreign capital inflows contributing to market growth [6] - The market is expected to transition from a localized bull market to a more comprehensive bull market, with a potential duration of two to three years [6][7] - There is an emphasis on maintaining a focus on sectors with positive trends, such as technology, innovative pharmaceuticals, and non-ferrous metals, as the market's risk appetite is anticipated to increase [7]