股指日报：回调修正，量能明显收缩-20250826

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints - Today's stock market saw a correction with shrinking trading volume. The short - term bullish impact from the Fed was priced in quickly. Overnight, the decline of US stocks, the rebound of the US dollar index, and the pull - back of the Nasdaq Golden Dragon Index reflected a drop in risk appetite, affecting the opening sentiment of A - shares. Key sentiment indicators and trading volume declined. Although the stock index adjustment was limited and the number of rising stocks was still dominant, indicating continued market optimism, the market may enter a short - term multi - empty game phase, mainly in a volatile state. Pay attention to information about Sino - US and external trade relations [3]. 3. Summary by Directory Market Review - Today, the stock index fluctuated and corrected. The trading volume of the two markets decreased significantly by 462.117 billion yuan. In the futures index market, IC rose with shrinking volume, while other varieties declined with shrinking volume [2]. Important Information - Wall Street is discussing "Trump firing Cook", which is seen as a threat to the Fed's independence, negative for the US dollar and positive for gold and Bitcoin. Fed Governor Cook said Trump has no right to fire her and will continue her duties. - Trump plans to impose export restrictions and tariffs on foreign digital taxes. - On August 26, the new generation of China's operating system, Galaxy Kylin OS V11, was officially launched at the 2025 China Operating System Industry Conference [3]. Strategy Recommendation - Insurance strategy: Hold spot and buy put options [3]. Futures Index Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main contract intraday change (%) | - 0.21 | - 0.43 | 0.18 | - 0.10 | | Trading volume (10,000 lots) | 13.3216 | 6.0608 | 11.9382 | 24.1167 | | Trading volume change compared to previous day (10,000 lots) | - 4.7535 | - 2.8439 | - 2.874 | - 6.8195 | | Open interest (10,000 lots) | 27.3056 | 10.8386 | 22.9499 | 38.0516 | | Open interest change compared to previous day (10,000 lots) | - 1.6548 | - 1.18 | - 1.5056 | - 1.9253 | [3] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index change (%) | - 0.39 | | Shenzhen Component Index change (%) | 0.26 | | Ratio of rising to falling stocks | 1.20 | | Trading volume of the two markets (billion yuan) | 26790.20 | | Trading volume change compared to previous day (billion yuan) | - 4621.17 | [4]