Venture(US:VEMLY) Xin Lang Ji Jin·2025-08-25 14:52Market Performance - The A-share market continues to show strong performance, with the Shanghai Composite Index reaching a ten-year high and trading volume surpassing 3 trillion yuan for the second time in history, increasing by 594.4 billion yuan compared to the previous trading day [1][2] - The Hong Kong Internet ETF (513770) surged by 3.39%, reaching a historical high, driven by the strong performance of major internet stocks like Alibaba and Meituan [1][10] Federal Reserve Impact - Federal Reserve Chairman Powell's speech has paved the way for a potential rate cut in September, with expectations for a 90% chance of a rate reduction, which could benefit liquidity-sensitive sectors like technology [1][10] - The anticipated rate cut is expected to lead to a depreciation of the dollar, stimulating economic growth and improving profitability in various sectors, particularly in non-ferrous metals [1][17] Sector Highlights - The AI sector is gaining momentum, with the ChiNext AI ETF (159363) seeing a net subscription of 116 million yuan, reflecting strong investor interest [1][4] - The non-ferrous metals sector is experiencing significant gains, with the Non-Ferrous Metals ETF (159876) rising by 4.25% and attracting a net subscription of 17.4 million yuan [1][17] Real Estate and Defense - The Shanghai government has adjusted housing purchase restrictions, leading to a 3.82% increase in the Real Estate ETF (159707), marking a yearly high [1] - The defense and military sector ETFs also saw gains, with the National Defense ETF (512810) and General Aviation ETF (159231) rising by 1.89% and 2.09%, respectively [1] Investment Recommendations - Analysts suggest maintaining positions in the current market environment, with a focus on sectors showing strong performance such as AI, innovative pharmaceuticals, military, and non-ferrous metals [2][3] - The AI hardware sector, particularly companies involved in optical modules, is highlighted as a key area for investment, with significant growth expected [5][7]