收评：沪指跌0.3%，医药、券商等板块走低，旅游板块强势

Market Performance - The three major stock indices experienced fluctuations and declined, with the Sci-Tech 50 Index dropping over 1% and more than 3,400 stocks in the market showing losses [1] - As of the market close, the Shanghai Composite Index fell by 0.3% to 3,820.09 points, the Shenzhen Component Index slightly decreased by 0.04% to 13,070.86 points, and the ChiNext Index dropped by 0.16% to 3,091 points [1] - The total trading volume in the Shanghai, Shenzhen, and Hong Kong markets reached 23,497 billion yuan [1] Sector Performance - Sectors such as pharmaceuticals, brokerage, automotive, and semiconductors saw declines, while the tourism sector experienced strong gains [1] - Coal, media, and gas sectors showed upward movement, with active performance in sectors like photolithography machines, lithium mining, and military trade concepts [1] Economic Outlook - According to China Merchants Securities, the recent interest rate cut by the Federal Reserve is seen as the beginning rather than the end, suggesting that future trading expectations for rate cuts may fluctuate, potentially leading to a decline in the US dollar index and US Treasury yields [1] - The current drivers of the A-share market's upward trend remain unchanged, indicating that the A-share market is still in the second phase of a bull market, with expectations for continued growth along low penetration rate sectors [1] Investment Sentiment - Hengsheng Qianhai Fund noted that after a sustained market rise, some funds opted to take profits in the short term due to the favorable interest rate cut, causing some disturbance in bullish market sentiment [1] - Following the Fed's rate cut, global liquidity is likely to become more accommodative, combined with the acceleration of domestic growth stabilization policies, suggesting that the economic fundamentals will continue to improve [1] - The trend of revaluation for Chinese assets is ongoing, and while short-term rapid increases may lead to greater volatility, short-term corrections do not alter the long-term positive trend, with expectations for a slow bull market to continue [1]