期指：昨日回落后仍有支撑

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core View of the Report On September 2, the closing prices of the four major stock index futures contracts showed mixed trends, with IF down 0.72%, IH up 0.35%, IC down 1.8%, and IM down 1.85%. The total trading volume of stock index futures rebounded, indicating an increase in investors' trading enthusiasm. The total positions of all contracts also increased. The trend strength of IF and IH is 1, and that of IC and IM is also 1 [1][2][6]. 3. Summary by Relevant Catalogs 3.1. Stock Index Futures Data Tracking - Closing Prices and Fluctuations: On September 2, the closing price of CSI 300 was 4490.45, down 0.74%; IF2509 was 4481.2, down 0.72%. The closing price of SSE 50 was 2992.88, up 0.39%; IH2509 was 2992.8, up 0.35%. The closing price of CSI 500 was 6961.69, down 2.09%; IC2509 was 6896.2, down 1.80%. The closing price of CSI 1000 was 7313.88, down 2.50%; IM2509 was 7251.4, down 1.85% [1]. - Trading Volume and Position Changes: On the trading day, the total trading volume of IF increased by 51,069 lots, IH by 26,017 lots, IC by 46,175 lots, and IM by 85,941 lots. The total positions of IF increased by 21,717 lots, IH by 12,783 lots, IC by 18,794 lots, and IM by 26,043 lots [2]. - Basis: The basis of IF2509 was -9.25, IH2509 was -0.08, IC2509 was -65.49, and IM2509 was -62.48 [1]. - Top 20 Member Position Changes: The top 20 members' long - position and short - position changes varied among different contracts. For example, in IF2509, the long - position increased by 8,797 lots and the short - position by 7,564 lots [5]. 3.2. Trend Strength The trend strength of IF and IH is 1, and that of IC and IM is also 1. The trend strength ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [6]. 3.3. Important Drivers - Overseas Market: The Nasdaq fell 1.7%, with chip stocks leading the decline. The yields of long - term bonds soared, and the price of gold broke through the $3,500 mark. The three major US stock indexes opened lower, with the Dow down 0.9%, the S&P 500 down 1.25%, and the Nasdaq down 1.7%. The US ISM manufacturing PMI in August continued to contract for the sixth consecutive month, but new orders improved and the price index declined again [6]. - Domestic Market: In August, the central bank's MLF had a net investment of 300 billion yuan, PSL had a net withdrawal of 160.8 billion yuan, and the outright reverse repurchase in the open market had a net investment of 300 billion yuan. The Shanghai Composite Index fell 0.45% to 3,858.13 points, the Shenzhen Component Index fell 2.14%, and the ChiNext Index fell 2.85%. The A - share trading volume was 2.91 trillion yuan, up from 2.78 trillion yuan the previous day. Most sectors performed poorly, with only a few sectors such as banks, reducers, and gold showing strength [7].