收评：创业板指跌超2%，半导体等板块走低，零售板块强势

Core Viewpoint - The market experienced mixed performance with the ChiNext Index dropping over 2%, while the retail sector showed strength amidst weakness in semiconductor and brokerage sectors [1] Market Performance - The Shanghai Composite Index rose by 0.16% to close at 3876.37 points, while the Shenzhen Component Index fell by 1.29% and the ChiNext Index decreased by 2.17% [1] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 16,770 billion [1] Sector Analysis - Weakness was observed in sectors such as brokerage and semiconductors, while the retail sector performed strongly [1] - Other sectors like banking, coal, insurance, and oil showed upward movement, with active participation in AI healthcare, commercial aerospace, and IP economy concepts [1] Investment Strategy - Huazhang Securities maintains a view of continued high-level market fluctuations, indicating a need for patience and waiting for clearer upward signals [1] - Historical data suggests that after significant market increases, January of the following year often sees increased volatility, indicating potential short-term adjustment risks [1] - Recommended investment focus includes the AI industry, which shows clear upward trends and stable core positioning for the medium to long term, with adjustment pressures providing good opportunities for future positioning [1] - Attention is also drawn to sectors with improving supply-demand dynamics and rising prosperity [1]