Workflow
资金降温，股指调整
Hua Tai Qi Huo·2025-08-28 05:42

Report Summary 1. Investment Rating The report is bullish on the long - term trend of stock index futures, maintaining a positive outlook on the long - bull market of the stock index [3]. 2. Core View The current adjustment of the stock index is beneficial for its long - term development. Although there was a pull - back in the market on the day, the long - term upward trend remains unchanged, and the long - bull market of the stock index is still expected [3]. 3. Summary by Directory Market Analysis - Policy Situation: Domestically, the Ministry of Commerce will introduce policies to expand service consumption next month and has formulated measures to promote service exports. Overseas, the EU responded to the US threat of tariff retaliation on digital regulation [1]. - Spot Market: A - share indexes generally declined, with the Shanghai Composite Index down 1.76% to 3800.35 points, and only the communication sector rising. The trading volume of the two markets reached 3.2 trillion yuan. In the US, the three major stock indexes rose slightly, with the Dow Jones up 0.32% to 45565.23 points [1]. - Futures Market: The basis of stock index futures rebounded, with the current - month contracts of IH and IF at a premium. The trading volume and open interest of stock index futures increased simultaneously [2]. Strategy The current adjustment is conducive to the long - term trend of the stock index. The support levels at 3800 and 3700 points should be monitored, and the long - term upward trend of the stock index is still optimistic [3]. Chart Summary - Macroeconomic Charts: Include the relationship between the US dollar index, US Treasury yields, RMB exchange rate and A - share trends [6]. - Spot Market Tracking Charts: Present the daily performance of major domestic stock indexes, trading volume of the two markets, and margin trading balance [13][14]. - Stock Index Futures Tracking Charts: Show the trading volume, open interest, basis, and inter - delivery spreads of different stock index futures contracts [17][37][44].