Group 1 - The report highlights a significant reduction in tariffs between China and the US, with tariffs on Chinese goods dropping from 145% to 30%, which is much lower than the market's expectation of 50-60% [2] - The reduction in tariffs is expected to improve economic fundamentals, particularly by alleviating concerns over export declines and enhancing growth expectations [2][3] - The report anticipates that the A-share market may experience a strong upward trend due to improved market sentiment and economic conditions, driven by the tariff reductions and supportive domestic policies [3] Group 2 - The technology sector is identified as a primary investment focus, with companies in the Apple, Nvidia, and Tesla supply chains expected to benefit from the tariff reductions [4][5] - Core assets are also seen as having potential for increased allocation, as the improved economic outlook may lead to higher foreign and domestic institutional investments [5] - The report suggests a focus on sectors such as consumer electronics, AI, and military products, which are expected to benefit from both policy support and industry trends [5]
降低关税大超预期，A股可能突破上行
Huajin Securities·2025-05-12 13:36