Core Viewpoint - The market is experiencing a rebound driven by increased expectations of interest rate cuts by the Federal Reserve, following downward revisions in U.S. employment data, alongside significant technological advancements in AI and robotics [1] Market Performance - The A-share market showed a notable rebound, with the Shanghai Composite Index reaching a new high for the year after a five-day winning streak, despite a slight pullback on Friday [1] - The Shenzhen Component Index also rebounded but underperformed compared to the Shanghai index, with its peak occurring on Thursday followed by two days of adjustment [1] - Average daily trading volume in both markets was below 17,000 billion, indicating a slight contraction compared to the previous week [1] Sector Focus - Market hotspots were primarily concentrated in the military and non-ferrous metals sectors, with small-cap stocks leading in gains [1] Technical Analysis - The Shanghai Composite Index has quickly recovered and consistently remained above the upper boundary of a weekly trading range, indicating a shift from resistance to support [1] - Other indices did not reach new highs, suggesting ongoing market divergence and differing opinions among investors, with a focus on the five-day moving average for short-term trends [1]
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申万宏源证券上海北京西路营业部·2025-08-11 01:54