永安期货早间策略-20250801

Market Overview - A-shares opened lower with the Shanghai Composite Index down 1.18% at 3573.21 points, Shenzhen Component Index down 1.73%, and ChiNext Index down 1.66%[1] - Hong Kong's Hang Seng Index fell 1.6% to 24773.33 points, with the Hang Seng Tech Index down 0.69% and the Hang Seng China Enterprises Index down 1.72%[1] - Major European stock indices closed lower, and all three major U.S. indices also fell, with the Dow Jones down 0.74%, S&P 500 down 0.37%, and Nasdaq down 0.03%[1] Economic Indicators - The U.S. core PCE inflation index accelerated, rising 2.8% year-on-year, while consumer spending showed little growth due to a cooling labor market[9] - In China, the top 100 real estate companies saw sales drop 24% year-on-year in July, with a significant month-on-month decline of 38%[9] Trade Policies - Trump signed a new tariff executive order effective August 1, maintaining a minimum tariff rate of 10% globally, with a 20% rate on Taiwan and 19% on Thailand and Cambodia[9] - The U.S. Treasury Secretary indicated ongoing discussions regarding extending the tariff truce with China, with some technical details still to be finalized[13] Corporate Actions - Midea Group has repurchased approximately 29.54 million A-shares, totaling around 2.126 billion RMB, representing 0.385% of its total share capital[15] - Haier Smart Home repurchased 1.55 million A-shares in July for about 39.71 million RMB, with total repurchases since April reaching 333.8 million RMB[15]