市场早盘震荡走低，中证A500指数下跌2.58%，3只中证A500相关ETF成交额超23亿元

Market Overview - The market experienced a downward trend in early trading, with the ChiNext Index leading the decline and the CSI A500 Index dropping by 2.58% [1] - Consumer stocks showed resilience, particularly in the retail sector, while solid-state battery concept stocks remained strong. In contrast, computing hardware stocks fell across the board [1] ETF Performance - Several ETFs tracking the CSI A500 Index saw declines exceeding 2%, with 15 ETFs recording transaction volumes over 100 million yuan, and 3 exceeding 2.3 billion yuan. The transaction volumes for A500 ETF Fund, A500 ETF Southern, and CSI A500 ETF were 3.484 billion yuan, 2.995 billion yuan, and 2.370 billion yuan, respectively [1][2] Market Sentiment - Analysts suggest that the market may enter a phase of consolidation after rapid rotations, although the medium-term positive trend remains intact. The current rally is liquidity-driven, indicating that as long as trading volume does not significantly contract, there will be opportunities for active rotations [1] - Overall, it is expected that funds will continue to seek a balance between technology growth and defensive sectors, leading to a pronounced structural market characteristic, with the A-share market likely entering a period of consolidation in the short term [1]