冲高回落，三大股指齐跌

Core Viewpoint - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.30% and the ChiNext Index dropping by 1.28%, indicating a bearish sentiment in the market [1][3]. Market Performance - The A-share market saw a total trading volume of 661.07 billion, with 2,527 stocks rising, 2,624 stocks falling, and 257 remaining unchanged [3]. - The Shanghai Composite Index closed at 3,338.42, down by 9.95 points, while the Shenzhen Component Index closed at 10,060.36, down by 72.06 points [3]. - The ChiNext Index fell to 1,995.61, marking a decline of 25.89 points [3]. Sector Performance - Sectors such as controllable nuclear fusion, cloud gaming, superconductors, and shipping saw significant gains, while innovative drugs and automotive sectors weakened [2]. - Main capital flows showed a net inflow into electronic, mechanical equipment, and computer sectors, while there was a net outflow from pharmaceutical, automotive, and banking sectors [4]. Individual Stock Movements - Notable stocks with net inflows included Shenghong Technology (9.31 billion), Shanghai Electric (8.14 billion), and Wuhan Fanggu (6.57 billion) [5]. - Conversely, stocks like BYD, CATL, and Kweichow Moutai faced significant sell-offs, with net outflows of 16.55 billion, 9.29 billion, and 7.88 billion respectively [6]. Market Sentiment and Strategy - Analysts suggest that the rising volatility in the A-share market indicates an increase in risk aversion among investors, recommending a focus on defensive sectors and a "barbell strategy" for asset allocation [8]. - The market is expected to oscillate within the range of 3,340 to 3,360 points, with key support at 3,316 points [9]. Currency and Economic Indicators - The offshore RMB appreciated against the USD, reaching a midpoint of 7.1833, the highest since April 2 [11]. - The People's Bank of China conducted a 3,820 billion reverse repurchase operation with a rate of 1.40% [11]. Other Market Highlights - The Hong Kong market also faced declines, with the Hang Seng Index dropping by 1% and the Hang Seng Tech Index down by 1.32% [1][12]. - The gaming sector showed strength, with stocks like Ice Age Network and Youzu Network experiencing significant gains [26].