Zhong Guo Ji Jin Bao·2025-09-02 05:00Market Overview - The A-share market experienced a collective pullback on September 2, with the Shanghai Composite Index falling to 3844.84 points, down 0.79%, the Shenzhen Component Index down 2.21%, and the ChiNext Index down 2.90% [1][2]. Sector Performance - The brokerage sector saw a sudden surge in the morning, with notable gains including Pacific Securities hitting the daily limit, Guosheng Financial increasing by 5.82%, and Changcheng Securities rising over 4% [3][4]. - Financial stocks generally performed well, with major banks like China Merchants Bank rising nearly 3%, and other banks such as China Construction Bank, CITIC Bank, and Industrial and Commercial Bank of China increasing by over 1% [3][4]. Consumer Sector - Several consumer stocks rose against the market trend, with BeiGene up 9.84% and Midea Group also showing gains. Kweichow Moutai's stock price briefly returned to 1500 yuan, currently reported at 1488.07 yuan per share [4][6]. Gold and Silver Market - The gold and jewelry sector saw significant gains, with stocks like Mankalon rising by 16% and several others hitting the daily limit. Gold futures and spot prices both surpassed the $3500 mark, influenced by expectations of U.S. interest rate cuts and a weak dollar, with gold prices up over 33% year-to-date [10][12]. Declining Sectors - The photovoltaic sector faced significant declines, with CPO modules, optical communication, and digital currency-related stocks among the hardest hit, showing drops of over 5% [8][9].