A股市场大势研判：大盘震荡调整，三大指数集体收跌

Market Overview - The A-share market experienced a turbulent adjustment with all three major indices closing lower, including the Shanghai Composite Index down by 0.70% to 3873.32 points, the Shenzhen Component down by 1.27% to 13147.39 points, and the ChiNext Index down by 1.41% to 3163.67 points [2][4]. Sector Performance - The banking sector showed a slight increase of 0.17%, while the defense and military industry decreased by 0.24%. The power equipment sector fell by 0.25%, and the food and beverage sector decreased by 0.42%. The public utilities sector also saw a decline of 0.50% [3]. - Among the concept sectors, the commercial aerospace concept rose by 0.29%, while the horse racing concept fell by 4.70%. The new and secondary stock concept increased by 1.18%, while the Xiaohongshu concept decreased by 3.33% [3]. Future Outlook - The market is expected to continue experiencing fluctuations, with the indices showing collective declines. The commercial aerospace concept is noted for its resilience, while the retail sector shows some localized activity. The semiconductor equipment sector also demonstrated strength in certain areas [4]. - The World Bank has raised its forecast for China's economic growth in 2025 by 0.4 percentage points, attributing this to more proactive fiscal policies and moderately loose monetary policies supporting domestic consumption and investment [6]. - The Federal Reserve's recent decision to lower interest rates by 25 basis points is expected to influence market dynamics, with potential implications for asset price volatility and liquidity in the domestic market [7].