Sou Hu Cai Jing·2025-09-10 10:01Market Overview - The trading volume in the Shanghai and Shenzhen markets fell to 1.98 trillion yuan, marking the first time it dropped below 2 trillion yuan since late August, indicating a significant reduction in liquidity [1] - The current trading volume is 1.2 trillion yuan lower than the peak of 3.2 trillion yuan observed in late August, suggesting that some capital has exited the market [1] Market Sentiment - Concerns are rising about the potential for a "multi-kill" scenario due to the combination of shrinking trading volume and increasing financing balance, which has surpassed 2.3 trillion yuan [3] - The market sentiment is influenced by external factors, such as Oracle's positive guidance, which has helped to boost interest in the A-share market [3] AI and Technology Sector - Nvidia announced a new GPU designed for long-context workloads, which is expected to double the efficiency of AI inference operations, potentially generating $5 billion in revenue for clients [5] - Oracle's cloud infrastructure business is projected to grow by 77% this fiscal year, exceeding previous forecasts, which has positively impacted the A-share market, particularly in the computing sector [5] Stock Performance - The A-share computing sector saw significant gains, with major companies like Industrial Fulian hitting the daily limit, and others like Zhongji Xuchuang and Xinyi Sheng rising over 9% [5] - The overall market performance showed the Shanghai Composite Index rising by 0.13% and the ChiNext Index increasing by 1.27%, with sectors such as telecommunications, electronics, and media leading the gains [9] Economic Indicators - China's CPI for August showed a year-on-year decline of 0.4%, which was worse than market expectations, while the PPI also reported a year-on-year decrease of 2.9%, aligning with forecasts [7][8]