Market Overview - The market experienced a significant decline today, with the Sci-Tech 50 Index dropping over 6% and the Shanghai Composite Index falling more than 2% at one point. The total market turnover reached 2.5 trillion yuan, an increase of over 180 billion yuan compared to the previous trading day, with nearly 3,000 stocks declining [1] - The technology sector, particularly in computing power and semiconductor industries, saw substantial losses, with Cambrian Technology dropping over 10%. In contrast, the relatively low-positioned new energy and consumer sectors performed actively, and the banking sector rose against the trend, with Agricultural Bank of China hitting a historical high [1] Fund Flow - Main funds focused on retail, battery, and photovoltaic equipment sectors today, with notable net inflows into stocks such as Bubugao, Victory Precision, and Tiantong Co., Ltd. [2] Industry News 1. The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued the "Action Plan for Stable Growth in the Electronic Information Manufacturing Industry (2025-2026)", targeting an average growth rate of around 7% for major electronic manufacturing sectors and over 5% for the overall electronic information manufacturing industry by 2026 [3] 2. The National Energy Administration emphasized the need to promote the development of emerging industries such as deep-sea offshore wind power and solar thermal power, aiming to stabilize market expectations and create a favorable market environment for renewable energy [4] Global Trends - According to Counterpoint Research, global smartwatch shipments grew by 8% year-on-year in Q2 2025, marking the first increase after five consecutive quarters of decline. Huawei's smartwatch shipments surpassed Apple's for the first time, driven by strong consumer demand in the Chinese market [5] Market Sentiment 1. Guangfa Securities recommends investors maintain their positions in the technology sector, as the current valuation differentiation is not significant. The focus remains on the technology industry, particularly in areas like overseas computing power and innovative pharmaceuticals [6] 2. Dongwu Securities suggests that in the current market environment with ample liquidity, the focus should be on AI-centric technology. They advise monitoring for potential adjustments in upstream hardware, which could trigger significant market reactions [7] 3. Oriental Securities anticipates limited downward movement in the market but also notes a lack of upward momentum, with the Shanghai Composite Index expected to fluctuate between 3,750 and 3,900 points [8]
A股收评 | 沪指收跌1.25% 科技股大幅走弱 银行板块逆势护盘
智通财经网·2025-09-04 07:15