早盘直击 | 今日行情关注

Core Viewpoint - The market is experiencing a short-term upward trend despite some fluctuations, with the Shanghai Composite Index breaking through its previous high, indicating a potential end to the sideways movement since Q4 2024 [1][3] Market Overview - The Shanghai Composite Index reached a new high but faced limited fluctuations during the day, closing above the 5-day moving average, with a near 1:1 ratio of advancing to declining stocks, reflecting market divergence [1][3] - The index has officially surpassed the previous high of 3731 points set in 2021, suggesting that the upward movement will be gradual rather than abrupt [1][3] Future Outlook - The recent breakthrough of the index is seen as a normal phenomenon, with various catalysts in different sectors, such as the launch of the Yarlung Tsangpo River downstream power station and potential recovery in H20 chip exports, contributing to increased market risk appetite [1] - The market is expected to remain optimistic due to multiple catalysts across industries, including the World Artificial Intelligence Conference and the World Robot Expo [1] Sector Highlights - The technology sector is anticipated to gain momentum in August, driven by catalysts such as the AI conference showcasing new developments and the World Robot Expo highlighting the trend of robot integration into daily life [2] - The semiconductor industry is expected to continue its domestic growth, focusing on semiconductor equipment, wafer manufacturing, materials, and IC design [2] - The military industry is projected to see a rebound in orders by 2025, with signs of recovery already visible in Q1 reports across various military sub-sectors [2] - The innovative drug sector is entering a recovery phase after nearly four years of adjustment, with positive net profit growth expected to continue into 2025 [2]