A股三大指数跌幅收窄，上市公司平淡回应，市场押注新一轮“TACO交易”

Group 1: Market Reaction to Tariff Announcements - The A-share market showed expected performance with initial declines, but did not replicate the significant drop seen on April 7, where the Shanghai Composite Index fell by 7.34% [1] - Major indices opened lower but narrowed losses by midday, with the Shanghai Composite down 1.3%, Shenzhen Component down 2.56%, and ChiNext down 3% [1] - The market has developed a learning effect from previous tariff announcements, leading to speculation that this could be another typical "TACO trade" scenario, where investors bet on a market rebound following initial declines [1][3] Group 2: Sector Performance - Sectors such as new materials, precious metals, and military equipment saw significant gains, with Jiuling Technology rising over 24% and several other stocks hitting the daily limit [2] - Despite the gains in certain sectors, some investors expressed concerns about the overall risks in the A-share market that need further observation [2] Group 3: Company Responses to Tariff Changes - Companies like Xiangxin Home (匠心家居) are actively monitoring and interpreting the new tariff policies, indicating a proactive approach to adapt to changes [6] - Rui Ming Technology (锐明技术) reported that its revenue from the U.S. market is decreasing, and its new manufacturing center in Vietnam will help mitigate tariff impacts [6] - Pharmaceutical companies such as Huadong Medicine (华东医药) and Qizheng Tibetan Medicine (奇正藏药) indicated that the impact of the new tariffs on their businesses is limited due to low export ratios to the U.S. or existing production bases in the U.S. [7] Group 4: Strategic Adjustments by Companies - Companies have developed comprehensive strategies to cope with trade tensions, including diversifying production locations and reducing reliance on the U.S. market [7][8] - Guan Sheng Co. (冠盛股份) mentioned that its Malaysian factory is exporting products to North America, despite higher costs compared to domestic production, indicating a strategic shift to maintain competitiveness [8]