国新证券每日晨报-20250801

Domestic Market Overview - The domestic market showed weakness with the Shanghai Composite Index closing at 3573.21 points, down 1.18%, and the Shenzhen Component Index at 11009.77 points, down 1.73% [1][9] - Out of 30 sectors, 28 experienced declines, with steel, non-ferrous metals, and real estate leading the losses, while only the computer and communication sectors saw slight gains [1][9] - The total trading volume of the A-share market reached 196.18 billion yuan, an increase from the previous day [1][9] Overseas Market Overview - All three major U.S. stock indices closed lower, with the Dow Jones Industrial Average down 0.74% and the S&P 500 down 0.37% [2] - The Nasdaq index saw a minimal decline of 0.03%, while large tech stocks had mixed performances, with Facebook rising over 11% [2] Economic Indicators - The manufacturing PMI for July in China was reported at 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a slight contraction in manufacturing activity [10][17] - Non-manufacturing and composite PMIs were at 50.1% and 50.2%, respectively, both remaining above the critical threshold, suggesting overall economic expansion [10] Policy Developments - The State Council approved the "Artificial Intelligence+" action plan, aiming to promote the large-scale commercialization of AI applications across various sectors [11][12] - The plan emphasizes enhancing the innovation ecosystem for AI, including support for computing power, algorithms, and data supply [12] Industry News - The Ministry of Commerce discussed the recent China-U.S.-Sweden economic talks, highlighting constructive exchanges on trade relations and macroeconomic policies [15][16] - The U.S. government is pressuring pharmaceutical companies to lower drug prices, with President Trump demanding specific commitments from major drug manufacturers [20][21]