特朗普表态带来风险资产反弹

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The current situation between the US and Iran still dominates market trading through changes in long - term expectations. Trump's latest statement triggered TACO trading, driving the overnight US stocks and various risk assets to rebound. The Shanghai Composite Index is gradually entering a high - cost - performance range, and it is necessary to continuously monitor the volume cooperation and closely track the marginal changes of geopolitical events for position management [2] 3. Summary According to Relevant Catalogs Market Analysis - Macroeconomic events include President Xi Jinping's inspection in Xiongan New Area and emphasizing its function as the central bearing place for relocating non - capital functions from Beijing. Geopolitically, Trump said the US and Iran had "strong" talks and formed agreement points, with a 5 - day suspension of attacks on Iranian energy facilities, but Iran denied having talks with the US [1] - In the spot market, A - share major indices declined, with the Shanghai Composite Index down 3.63% to 3813.28 points and the ChiNext Index down 3.49%. Only the coal and petroleum and petrochemical industries closed up, while social services, beauty care, and agriculture, forestry, and fishery industries led the decline. The market turnover on that day was 2.4 trillion yuan. Overseas, the three major US stock indices rose across the board, with the Dow Jones Industrial Average up 1.38% to 46208.47 points [1] - In the futures market, the basis of stock index futures declined, and the trading volume and open interest of stock index futures increased simultaneously [1] Strategy - The current US - Iran situation affects market trading through long - term expectations. Trump's statement spurred risk - asset rebounds. The Shanghai Composite Index is approaching a high - value range, and attention should be paid to trading volume and geopolitical changes for position management [2] Macro - economic Charts - The report includes charts on the relationship between the US dollar index and A - share trends, US Treasury yields and A - share trends, RMB exchange rate and A - share trends, and US Treasury yields and A - share style trends [5][9][7] Spot Market Tracking Charts - The daily performance of major domestic stock indices on March 23, 2026, shows that the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, CSI 300 Index, SSE 50 Index, CSI 500 Index, and CSI 1000 Index all declined, with the CSI 1000 Index having the largest decline of 4.81% [12] - There are also charts on the trading volume of the Shanghai and Shenzhen stock markets and the margin trading balance [13] Stock Index Futures Tracking Charts - The trading volume and open interest of IF, IH, IC, and IM contracts all increased on the day. For example, the trading volume of IF contracts increased by 16389 to 156918, and the open interest increased by 15821 to 276923 [16] - There are charts on the open interest, open - interest ratio, and net open interest of foreign investors for each contract, as well as charts and tables on the basis and inter - period spreads of stock index futures [5]