财达证券每日市场观察-20250603

Market Overview - On June 3, 2025, the market experienced a decline with a trading volume of 1.16 trillion, approximately 50 billion less than the previous trading day, with most sectors falling, while agriculture, banking, pharmaceuticals, and military industries saw slight increases [1] - The market showed weakness despite a rebound on Thursday, with the approval of a request by the Trump administration to temporarily suspend a previous ruling by the U.S. International Trade Court, negatively impacting market sentiment [1] - Over 80% of stocks and sectors declined, with many industries hitting new lows during this adjustment phase, indicating a lack of sustainable new hotspots despite some emerging trends in sectors like aquaculture [1] Sector Analysis - The robotics sector saw accelerated declines, reflecting the overall weak market sentiment, as it had previously experienced significant gains and high levels of capital participation [1] - The military sector showed signs of stabilization after adjustments, with the upcoming international defense exhibition in June and the accelerated commissioning of new aircraft carriers in China, making it a focus for potential investment [1] Fund Flow - On May 30, 2025, the Shanghai Composite Index saw a net outflow of 12.678 billion, while the Shenzhen Composite Index experienced a net outflow of 4.641 billion [4] - The top three sectors for capital inflow were chemical pharmaceuticals, aquaculture, and medical services, while the sectors with the highest capital outflow were semiconductors, power grid equipment, and general equipment [4] Industry Dynamics - The Ministry of Industry and Information Technology announced plans to achieve standardized interconnectivity of public computing power across the country by 2028, with a comprehensive system of standards and rules expected by 2026 [5][8] - The Ministry of Agriculture and Rural Affairs held a meeting to discuss the development of the aquaculture seed industry during the 14th Five-Year Plan period, emphasizing the need for technological innovation and improved breeding mechanisms [9] - The Ministry of Transport reported that in April, cross-regional personnel flow reached 5.35 billion, a year-on-year increase of 3.4%, indicating a steady recovery in transportation activity [10] Fund Dynamics - In 2025, 14 fund management companies announced changes in their chairpersons, reflecting a trend of leadership changes within the industry [12][13] - The Cheng Tong Science and Technology Investment Fund was established with an initial scale of 10 billion, focusing on investments in "hard technology" sectors such as new materials, advanced manufacturing, and next-generation information technology [14]