Xin Lang Cai Jing·2025-10-14 23:41Core Viewpoint - The divergence in the US stock market, with the Dow Jones rising and the Nasdaq falling, raises concerns about the potential impact on the A-share market, but the situation may not be as dire as it seems [1][3]. Market Performance - The Dow Jones index increased by 0.44%, while the S&P 500 decreased by 0.16%, and the Nasdaq fell by 0.76% [1]. - Traditional economic sectors, such as consumer staples and industrials, showed strength, while technology and discretionary sectors faced declines [2]. A-share Market Outlook - The current divergence in the US market is seen as an internal adjustment rather than a systemic risk, with positive developments such as Trump's easing of trade tensions and OpenAI's collaboration with Broadcom on AI processors [3]. - Historical resilience of the A-share market is noted, with total market capitalization surpassing 106 trillion yuan, indicating stability [3]. Investment Opportunities - Focus on the gold and resource sectors, as gold futures recently surpassed $4,100, reflecting increased risk aversion [5]. - The domestic consumption sector is highlighted as important, with companies like Walmart achieving historical highs, indicating defensive characteristics [6]. - The "self-sufficiency" theme in core sectors may gain traction amid escalating US-China tensions, aligning with China's direction towards technological independence [6]. Investor Sentiment - Maintaining a calm mindset is crucial for investors, as market fluctuations are common, and patience is key to navigating through cycles [8][9]. - Investors are encouraged to consider buying opportunities when stocks are undervalued due to market sentiment rather than fundamental changes [9].