市场高位调整 机构：A股新一轮上行动能正在蓄势 “红十月”可期

Core Viewpoint - The A-share market is experiencing a high-level adjustment, with profit-taking occurring in previously hot sectors such as artificial intelligence and solid-state batteries, although overall market activity remains robust with more stocks rising than falling [1] Group 1: Market Performance - As of the market close, the number of rising stocks (2774) exceeded the number of falling stocks (2536), and over 70 stocks hit the daily limit up, indicating sustained high levels of market activity [1] - Despite the high-level adjustment, the sell-off is primarily concentrated in previously hot sectors, suggesting a rotation rather than a broad market decline [1] Group 2: Future Outlook - According to a report from Industrial Securities, after a period of consolidation since September, the A-share market is poised for a new upward momentum, with expectations for a "red October" [1] - Global monetary and fiscal easing expectations have positively influenced risk assets worldwide, including U.S. stocks, Japanese stocks, gold, and Bitcoin, creating a favorable macro environment for the A-share market post-holiday [1] - The upcoming third-quarter earnings reports in October are expected to shift market focus towards sectors with strong performance indicators, particularly in AI, advanced manufacturing, cyclical industries, and finance, as previous valuation concerns in hot sectors are gradually resolved [1] - The latter part of October will see a series of policy catalysts that could elevate market risk appetite and provide more opportunities for investment [1]