关税再袭，A股是否会重复“4.7”行情？十大券商最新研判来了

Core Viewpoint - The A-share market shows divergence in the first two trading days after the holiday, with the Shanghai Composite Index rising by 0.37%, while the Shenzhen Component Index fell by 1.26%, and the ChiNext Index dropped by 3.86% [1] Group 1: Market Outlook - Citic Securities suggests that opportunities in traditional manufacturing are emerging due to recent export controls, which may benefit compliant and globally experienced leading companies [1] - Guojin Securities indicates that the market may not experience a significant downturn despite recent volatility, as current valuations are higher than in April, and the market is not in a state of panic [2] - Everbright Securities predicts a wide fluctuation phase for the market in the short term, influenced by high valuations and uncertainties in Sino-U.S. relations, but expects policy expectations to rise [2] Group 2: Policy and External Factors - Huajin Securities emphasizes that policies and external events are key factors affecting the A-share market in October, with potential for upward movement if conditions are favorable [3] - Minsheng Securities compares the current situation to May rather than April, suggesting that the market is stabilizing and avoiding drastic measures [4] - Zheshang Securities notes that the Shanghai Composite Index has broken through 3900 points but is facing volatility, maintaining a "slow bull" outlook [5] Group 3: Investment Strategies - Industrial and agricultural sectors are highlighted as potential investment opportunities, with a focus on domestic demand and sectors benefiting from the "15th Five-Year Plan" [9] - Guotai Junan Securities suggests that external shocks may present buying opportunities in the Chinese market, emphasizing the importance of focusing on stable value and industry development [10] - Huaxi Securities anticipates that the impact of trade tensions will be less severe than in April, with a focus on sectors like agriculture, military, and rare earths [8]