休止符，如约而至！| 谈股论金

Market Overview - The three major A-share indices showed mixed performance, with the Shanghai Composite Index down 0.39% to 3868.38 points, the Shenzhen Component Index up 0.26% to 12473.17 points, and the ChiNext Index down 0.75% to 2742.13 points [2] - The total trading volume in the Shanghai and Shenzhen markets reached 26,790 billion, a significant decrease of 4,621 billion compared to the previous day [2] Stock Performance - Cambrian Technology opened lower, down approximately 5%, and closed at 1,329 yuan per share, resulting in a total decline of 4.04% [3] - The semiconductor sector also experienced a downturn, closing down 0.82%, while the Sci-Tech Innovation Board fell by 1.31% [3] - The gaming and agriculture sectors performed well, with notable gains from stocks like Muyuan Foods (up 7.1%), Wens Foodstuff Group (up 3.07%), and New Hope Liuhe (up 1.98%), contributing to the rise of the Shenzhen index [4] Financial Sector Analysis - The financial sector faced significant selling pressure, with the insurance sector down 1.12%, banks down 0.85%, and securities down approximately 0.90% [5] - Major outflows of capital were observed, with net outflows of around 7,700 billion, particularly affecting sectors like rare earths, military, AI, new energy vehicles, computing power, and lithium batteries [5] Market Sentiment - The market showed a cautious sentiment, with many investors opting for a wait-and-see approach rather than making impulsive trades, indicating a strong risk awareness among participants [6] - Predictions of a potential high opening for the indices were not realized, as the market instead experienced a low opening followed by a recovery that ultimately fell back [6] Sector Focus - The semiconductor sector is under close scrutiny, particularly regarding U.S. policies affecting the industry and Nvidia's information release and stock performance, given its significant role in the semiconductor field [7] - The current market transition from an exuberant phase to a more rational phase is viewed as a positive development, with expectations of continued volatility in stocks like Cambrian Technology [7]