Market Overview - The market experienced a day of volatility with a total trading volume of 2.87 trillion yuan, an increase of 125 billion yuan compared to the previous trading day [1] - Over 4,000 stocks declined, indicating a broad market downturn, while sectors such as banking, precious metals, robotics, and oil saw gains [1] Policy Impact - The Ministry of Finance and the State Taxation Administration issued a notice regarding the tax policy for the transfer and management of state-owned equity and cash income to bolster social security funds, exempting certain financial income from VAT [1] Industry Performance - The wholesale sales of new energy passenger vehicles reached 1.3 million units in August, marking a year-on-year increase of 24% and a month-on-month increase of 10%, with a cumulative total of 8.93 million units sold from January to August, up 34% year-on-year [1] - The liquor industry is expected to face significant performance declines in the second half of the year, with a potential for recovery as the sector has underperformed compared to major indices [1] Commodity Insights - Gold prices surged, with the COMEX gold futures reaching a new high of $3,578.4 per ounce, reflecting a year-to-date increase of over 30%, making it one of the best-performing commodities [2] - Market expectations regarding a shift in the Federal Reserve's monetary policy and concerns over its independence are providing strong support for gold prices [2] Market Sentiment - The market sentiment remains mixed, with core sectors like computing hardware undergoing adjustments after rapid gains, indicating profit-taking behavior [3] - Short-term market fluctuations are expected to continue, but the medium-term upward trend remains intact, suggesting a potential for strategic buying opportunities [3]
两市震荡调整 创新药概念持续走高
Sou Hu Cai Jing·2025-09-03 05:26