2 1 Shi Ji Jing Ji Bao Dao·2025-08-22 09:56Core Viewpoint - The A-share market experienced a significant rise, with the Shanghai Composite Index surpassing the 3800-point mark, closing at 3825.76 points, marking a ten-year high, while the STAR Market 50 index rose over 8%, reaching a three-year high [1][4]. Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 2.55 trillion yuan, an increase of 122.7 billion yuan compared to the previous trading day [1]. - The electronic sector's market capitalization reached 11.38 trillion yuan, surpassing the banking sector to become the largest industry in A-shares [1]. Key Stocks and Sectors - The leading stock in the computing power chip sector, Cambrian (688256.SH), hit the daily limit, closing at 1243.2 yuan per share, with a total market capitalization of 520.1 billion yuan, making it the top stock on the STAR Market [3]. - The release of the DeepSeek-V3.1 model, which utilizes UE8M0FP8 technology, is expected to accelerate the domestic chip development, attracting investor interest in the semiconductor industry [4]. Investor Sentiment - There is a positive investor sentiment towards the semiconductor supply chain, leading to rising stock prices in related companies [4]. - In July, the number of new A-share accounts reached 1.9636 million, a nearly 71% increase compared to the same period last year, indicating a strong influx of retail investors [4]. Market Outlook - According to Shenwan Hongyuan Securities, the bullish market sentiment is expected to continue in the short term, with a strong performance anticipated until early September, followed by limited market corrections [4]. - Guotou Securities remains cautiously optimistic about the market's upward potential, emphasizing the need for a transition from liquidity-driven growth to fundamental-driven growth for sustained upward movement [5].