股指日报：下跌家数更多，警惕回调-20250812

1. Report Industry Investment Rating - Not provided in the report 2. Core View - The market's optimistic sentiment continued as expected, but there is resistance above. The number of falling stocks was higher than that of rising stocks, and the overall futures index volume shrank, indicating that the upward momentum has been consumed and the further upward space may be limited. The market reaction to the Sino-US joint statement was limited as it was within expectations. The upward industries were mainly robotics and lithium battery concepts, and pro-cyclical industries such as finance, real estate, and consumer goods also had significant gains. The long - term upward trend showed signs of weakness, and risk management should be done under a cautiously optimistic background [4] 3. Summary by Relevant Catalogs Market Review - The stock index continued to rise with increasing volume, and the market trend was strong. The trading volume of the two markets increased by 545.47 billion yuan. In the futures index market, each variety rose with shrinking volume, and the decline in open interest indicated that short - covering was the main activity [2] Important Information - The Ministry of Finance and eight other departments prohibited service business entities from using loan funds for real estate development, investment, or arbitrage activities such as wealth management. They also provided interest subsidies to business entities based on the loan principal, with a subsidy period of no more than 1 year and an annual subsidy ratio of 1 percentage point. China and the United States issued a joint statement to suspend the implementation of a 24% tariff for 90 days starting today [3] Strategy Recommendation - Futures Index Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main contract intraday change (%) | 0.51 | 0.61 | 0.52 | 0.31 | | Trading volume (10,000 lots) | 10.3585 | 5.7355 | 7.9041 | 17.441 | | Trading volume change compared to the previous day (10,000 lots) | - 0.1165 | 0.8277 | - 1.4462 | - 3.8939 | | Open interest (10,000 lots) | 25.6148 | 9.4866 | 21.3885 | 33.9249 | | Open interest change compared to the previous day (10,000 lots) | - 0.8595 | - 0.172 | - 0.9999 | - 2.049 | [5] Strategy Recommendation - Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index change (%) | 0.50 | | Shenzhen Component Index change (%) | 0.53 | | Ratio of rising to falling stocks | 0.68 | | Trading volume of the two markets (billion yuan) | 18815.20 | | Trading volume change compared to the previous day (billion yuan) | 545.47 | [6]