收评：创业板指跌近2%，军工、半导体等板块下挫，医药板块逆市上扬

Core Viewpoint - The A-share market experienced a decline, with major indices falling, while trading volume reached a historical high of approximately 3.7 trillion yuan [1]. Market Performance - The Shanghai Composite Index fell by 0.64% to 4138.76 points, the Shenzhen Component Index dropped by 1.37%, the ChiNext Index decreased by 1.96%, and the STAR Market 50 Index declined by 2.8% [1]. - The overall trading volume across the Shanghai, Shenzhen, and Beijing markets was about 3.7 trillion yuan, marking a new historical high [1]. Sector Performance - The military and semiconductor sectors saw the largest declines, while the automotive, coal, and real estate sectors also experienced downturns [1]. - Concepts related to military trade and commercial aerospace underwent significant corrections, whereas sectors such as insurance, oil, pharmaceuticals, and banking showed upward movement [1]. - AI medical concepts and innovative drug concepts remained active in the market [1]. Future Market Outlook - According to Zhongtai Securities, by 2026, the trend of increased capital inflow and enhanced market confidence is expected to strengthen, making the technology sector a long-term focus for capital markets [1]. - Long-term capital support, along with policy-driven market activity, is anticipated to maintain liquidity conditions, with overall downward risks being manageable [1]. - The market is unlikely to present a unilateral bullish trend, but structural opportunities are expected to remain active, characterized by theme-driven movements and rapid capital rotation among different industry leaders [1].