Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-09-02 06:17Group 1 - A-shares experienced a collective decline on September 2, with the ChiNext Index dropping over 3.5%, particularly affected by the downturn in CPO optical modules and liquid-cooled servers [1] - The main ETF, the Science and Technology Innovation 50 ETF (159783), saw its decline narrow in the afternoon after initially dropping over 4%, with leading stocks including Tianfu Communication, Xinyisheng, Runze Technology, Lanke Technology, and Lens Technology [1] - Ping An Securities suggests that while the short-term equity market remains hot, the valuation of major indices and the trading density of the technology sector are at historically high levels, indicating potential for increased market volatility [1] Group 2 - Galaxy Securities predicts that the A-share market is likely to continue a volatile upward trend, emphasizing the importance of monitoring short-term volatility risks [2] - The market is expected to maintain active trading, supported by continuous capital flow and rising policy expectations, with a focus on short-term rebound opportunities [2] - The medium to long-term investment focus should be on three main lines: improvement in supply-demand dynamics and industry profit recovery, consumer sectors benefiting from policy support, and technology self-reliance sectors such as AI, robotics, semiconductors, and military industry [2] Group 3 - The Science and Technology Innovation 50 ETF (159783) tracks the CSI Science and Technology Innovation 50 Index, which selects 50 leading companies with significant market capitalization and strong technology attributes from the ChiNext and Science and Technology Innovation Board [3] - This index combines the advantages of both boards, selecting high-tech stocks from the Science and Technology Innovation Board and growth-oriented, profitable stocks from the ChiNext [3] - Investors without accounts on the ChiNext or Science and Technology Innovation Board can access core assets from these boards through the Science and Technology Innovation 50 ETF [3]