［8月12日］指数估值数据(螺丝钉定投实盘第377期发车；养老指数估值表更新）

Core Viewpoint - The market shows volatility with a recent pause in tariffs between China and the US, leading to a mixed performance among different stock categories. Group 1: Market Performance - The market experienced a drop during the day but rallied by the close, maintaining a rating of 4.6 stars [1] - A temporary suspension of 24% tariffs between China and the US is seen as a small positive, contributing to a strong market response [2] - There is a noticeable difference in the performance of various market segments, with small-cap stocks showing weakness while large-cap stocks performed better [4] - Growth styles, particularly in the Sci-Tech Innovation Board and the ChiNext, have seen significant gains [6] Group 2: Valuation Insights - The Sci-Tech Innovation Board is considered undervalued for an extended period from 2023 to 2024 [8] - By the third and fourth quarters of 2024, a substantial increase in valuations is anticipated, returning to normal levels [9] - Recent performance indicates that previously declining value and dividend stocks have rebounded [5] Group 3: Hong Kong Market - The Hong Kong stock market is relatively subdued, with dividend stocks rising while technology stocks have slightly declined [10][11] - After a stronger rally in Hong Kong stocks post-Spring Festival, the A-share market has begun to gain momentum [12] Group 4: Investment Strategies - The article discusses a personal pension investment strategy focusing on index funds, highlighting the importance of patience and long-term holding [45] - Recent performance of the selected pension index funds shows profitability, with the CSI A500 gaining 8% and the CSI Dividend gaining 6% over the past six months [36]