股指日报：国防军工领跌，情绪回调-20250903

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View - The stock market declined today, with almost all industries falling, led by the national defense and military industry, which dropped 5.83%. This was mainly due to the landing of the military parade ceremony, leading to a correction of the previous optimistic pricing. The previous day's large divergence between bulls and bears and the change in sentiment were further verified today. The trading activity of funds decreased significantly, with the turnover of the two markets dropping to around 2.36 trillion yuan, and the basis of stock index futures declined. Overseas, concerns about the UK's fiscal issues intensified, indirectly affecting the sentiment of the US bond market, leading to an increase in US bond yields, a rise in the US dollar index, a depreciation of the RMB, and an increase in market risk aversion. In the short term, the stock market is under pressure due to both sentiment correction and external information [4]. 3) Summary by Related Sections Market Review - The stock index shrank and declined today. Taking the CSI 300 index as an example, it closed down 0.68%. The turnover of the two markets decreased by 51.0905 billion yuan. In the futures index market, all varieties shrank and declined [2]. Important Information - The yield on the 30-year US Treasury rose to 5% for the first time since July. - The ceremony commemorating the 80th anniversary of the victory of the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War was held in Beijing [3]. Strategy Recommendation - Reduce long positions or adopt a covered call strategy [5]. Futures Index Market Observation | Index | Main Contract Intraday Change (%) | Volume (10,000 lots) | Volume MoM (10,000 lots) | Open Interest (10,000 lots) | Open Interest MoM (10,000 lots) | | --- | --- | --- | --- | --- | --- | | IF | -0.96 | 19.6242 | 0.0876 | 28.6469 | -1.1866 | | IH | -1.29 | 8.6105 | 0.5491 | 10.2538 | -0.7211 | | IC | -1.30 | 16.6146 | -0.669 | 24.487 | -0.9914 | | IM | -1.22 | 33.8297 | 0.0551 | 39.925 | -0.2021 | [5] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index Change (%) | -1.16 | | Shenzhen Component Index Change (%) | -0.65 | | Ratio of Rising to Falling Stocks | 0.18 | | Turnover of the Two Markets (100 million yuan) | 23640.86 | | Turnover MoM (100 million yuan) | -5109.05 | [6]