突然大跌！重磅靴子即将落地，如何应对？

Core Viewpoint - The A-share market is experiencing a downturn amid global market declines, with the ChiNext index falling over 1% and more than 4,000 stocks declining [1][2][4] Market Performance - A-shares showed resilience compared to significant declines in US and Japanese markets, with the Nasdaq dropping nearly 3% and Nikkei 225 over 4% [5] - The total trading volume in the two markets exceeded 1.2 trillion, with defensive sectors like precious metals, electricity, and banking rising against the trend, while sectors like photovoltaic and brokerage faced significant declines [4] Impact of Trump's Tariff Plan - Trump's upcoming announcement of a large-scale tariff plan, referred to as "liberation day," is expected to create volatility in global markets, affecting A-shares [8] - Analysts predict that the short-term pressure on A-shares will be significant, but the medium to long-term outlook remains resilient due to improved fundamentals and policy support [8][9] Sector Analysis - Industries with high export exposure, such as textiles, home appliances, and automotive parts, are likely to face significant impacts from the tariff plan [9] - Conversely, sectors like agriculture (due to high import dependence) and military (due to geopolitical uncertainties) may benefit from the situation [9] Investment Strategies - Investors are advised to adopt a cautious approach in the short term, considering increasing holdings in gold and high-dividend sectors while avoiding high-leverage technology stocks [9] - In the medium term, opportunities may arise in AI applications, consumer recovery, and domestic alternatives such as domestic chips and military sectors [9] Upcoming Earnings Reports - The upcoming earnings disclosure period in April is expected to see rapid style rotation in the market, with a focus on performance, dividends, and value [10][13] - The correlation between stock prices and earnings is anticipated to be strongest during this period, making it crucial for investors to pay attention to fundamentals [10][13] Sector Outlook - Three main directions are highlighted for investment based on earnings forecasts: 1. Cyclical sectors such as non-ferrous metals and engineering machinery are expected to show strong performance [15] 2. Technology growth sectors like SOC, semiconductor equipment, and memory interface chips are projected to have high earnings certainty [16][19] 3. Dividend sectors are expected to maintain stable growth, making them suitable for long-term investment [20]