Group 1 - The core viewpoint indicates that the technology sector is expected to experience significant catalysts compared to cyclical sectors before spring 2026, suggesting a continuation of the trend in technology growth [1] - The ChiNext index fell by 1.1%, but rebounded over 3% from its intraday low, indicating volatility in the market [1] - Recent inflows into the ChiNext ETF (159915) totaled approximately 3 billion yuan over the last five trading days, with the product's latest scale exceeding 108 billion yuan [1] Group 2 - According to Shenwan Hongyuan Securities, the technology growth sector still has a gap to long-term low cost-performance levels, which may lead to a prolonged trend market [1] - The conditions for a comprehensive bull market are expected to become increasingly sufficient over time, suggesting potential for further market growth [1]
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