Nanhua Futures(SH:603093) Nan Hua Qi Huo·2025-08-27 13:53Report Date and Title - The report is titled "Stock Index Daily Report" and "Stock Index Futures Daily Report" dated August 27, 2025 [1][2][3] Report Industry Investment Rating - Not provided in the report Core View - The stock index opened and fluctuated strongly, then dived in the afternoon with heavy - volume decline. Due to previous large gains in some stocks, there is an increased willingness of profit - taking funds, and the index needs adjustment. In the short - term, the adjustment is likely to continue, but the market sentiment is not significantly pessimistic as the volume - weighted average basis of each futures index variety rebounded. With expected domestic favorable policies and loose liquidity, the adjustment amplitude and duration are to be observed. It is recommended to wait and see, and consider appropriate profit - taking and position reduction if the decline continues with heavy volume [6] Market Review - The stock index closed down collectively, for example, the CSI 300 index closed down 1.49%. The trading volume of the two markets rebounded significantly by 48.6545 billion yuan, and the futures index declined with heavy volume [4] Futures Market Observation - The intraday decline rates of IF, IH, IC, and IM main contracts were - 1.71%, - 1.84%, - 1.51%, and - 2.08% respectively. The trading volumes were 1.7686 million lots, 0.77499 million lots, 1.76441 million lots, and 3.33544 million lots respectively, with a month - on - month increase of 0.43644 million lots, 0.16891 million lots, 0.57059 million lots, and 0.92377 million lots respectively. The open interests were 2.86101 million lots, 1.12063 million lots, 2.53897 million lots, and 3.97971 million lots respectively, with a month - on - month increase of 0.13045 million lots, 0.03677 million lots, 0.24398 million lots, and 0.17455 million lots respectively [7] Spot Market Observation - The Shanghai Composite Index declined by 1.76%, and the Shenzhen Component Index declined by 1.43%. The ratio of rising to falling stocks was 1.20. The trading volume of the two markets was 3165.565 billion yuan, with a month - on - month increase of 48.6545 billion yuan [8] Important Information - Trump claimed to "fire" the current Federal Reserve governor, taking another step in his "control the Fed" plan. - The Ministry of Commerce will introduce several policy measures to expand service consumption in September. - Trump said the US is being "exploited" and will no longer directly fund Ukraine [7]