中国基金报·2025-08-04 03:11Core Viewpoint - The aerospace and military sector is experiencing a significant upward trend, while gold stocks are also rising collectively, driven by geopolitical tensions and market expectations regarding U.S. monetary policy changes [1][8][11]. Market Overview - As of August 4, the A-share market opened lower, with the Shanghai Composite Index up by 0.24% to 3568.39, while the Shenzhen Component Index fell by 0.27% to 10962.19, and the ChiNext Index decreased by 0.49% to 2311.14 [2]. - The aerospace and military sector showed notable gains, with stocks like Aileda reaching a 20% limit up, and other companies such as Aerospace Electronics and Changcheng Military Industry also experiencing significant increases [5][7]. Sector Performance - The aerospace and military sector led the market with a rise of 3.28%, followed by banking and industrial machinery sectors, while biotechnology and retail sectors faced adjustments [3]. - Gold stocks collectively rose, with notable increases in companies like Chifeng Gold, which rose over 5%, and Shandong Gold, among others [9][10]. Geopolitical Influence - Increased geopolitical tensions are driving global military spending into an upward cycle, which is expected to expand the military trade market. This trend, combined with improved domestic substitution capabilities, is likely to drive a revaluation of the military sector [7]. U.S. Monetary Policy Impact - The market's expectations for U.S. interest rate cuts have intensified following disappointing non-farm payroll data for July, leading to a surge in gold prices, with COMEX gold futures surpassing $3400 per ounce [10][11].