A股再受关税冲击，业内乐观：情况好于4月7日｜市场观察

Core Viewpoint - The market is expected to maintain a slow bull trend despite potential escalations in trade tensions and the U.S. government shutdown crisis, with recent signals indicating a willingness for rational negotiations between the U.S. and China [1][2] Group 1: Market Reactions - Following President Trump's threat of significant tariff increases, U.S. stocks faced a sharp decline, and Chinese concept stocks also experienced substantial drops on October 10 [1] - On October 10, the Shanghai Composite Index fell by 0.94%, the ChiNext Index dropped by 4.55%, and the Sci-Tech Innovation 50 Index decreased by 5.61%, with total trading volume across Shanghai, Shenzhen, and Beijing reaching 2.53 trillion yuan [2] Group 2: Analyst Insights - Analysts believe that the impact of the current tariff situation will be less severe than the previous April 7 incident due to market learning effects and enhanced market stabilization mechanisms in China [2] - Long-term perspectives suggest that the A-share market will continue its slow bull trend, driven by structural profit recovery and ongoing credit repair, while short-term adjustments present opportunities for strategic investments [2] Group 3: Investment Strategies - Investors are advised to be cautious of stocks with high financing balances and consider "high-low switching" strategies, as some companies are expected to outperform following the release of third-quarter reports [2] - The financing balance on October 10 was reported at 24.257 billion yuan, accounting for 2.52% of the circulating market value, indicating a slight decrease from the previous day's balance of 24.292 billion yuan [2]