Group 1 - The market adjustment will not be abrupt, and the downside space is limited [2][3] - Recent market trends indicate a phase of adjustment due to previous rapid increases and the release of structural risks [3] - The current A-share market sentiment remains quite active, with trading volumes and margin balances frequently exceeding 20 trillion [4][5] Group 2 - A-share earnings have reached a confirmation point, entering a mild recovery phase, with significant structural differentiation [6][7] - The market is leaning towards growth, with technology manufacturing driven by the AI cycle and domestic substitution becoming a core engine [7] - The upcoming Politburo meeting at the end of October may serve as a watershed moment for A-share trends, with liquidity expected to drive continued growth [8][9] Group 3 - Two main investment themes to focus on include the "anti-involution" theme, with low valuations in lithium, photovoltaic, and chemical sectors, and the TMT sector, which historically leads market uptrends [9]
华夏基金：市场的调整不会一蹴而就且下行空间有限
天天基金网·2025-09-03 10:34