Group 1 - A-shares showed a majority increase in the early trading session on April 30, with the A500 Index ETF (159351) rising by 0.21% and a total transaction volume of 728 million yuan, indicating active trading [1] - The A500 Index ETF closely tracks the new benchmark index, the CSI A500 Index, which selects 500 stocks with strong market capitalization representation across various industries, balancing large-cap stocks while covering core leading assets in A-shares [1] - The A500 Index ETF has a greater weight in sectors such as electronics, electrical equipment, pharmaceuticals, and computers, showcasing a strong growth attribute and achieving a dual drive of "core assets" and "new productive forces" [1] Group 2 - Yingda Securities anticipates that A-shares will likely achieve a converging volatility and upward market trend by 2025, highlighting three areas for investment opportunities: high dividend low valuation blue-chip stocks, white horse stocks in the consumer sector, and hard-tech companies with core competitiveness [2] - Tianfeng Securities emphasizes three investment directions in response to increased volatility: breakthroughs in AI technology, valuation recovery in consumer stocks, and the continued rise of undervalued dividends, linking the progress of the AI industry to the performance of consumer sectors [2]

Market Analysis - The report discusses the impact of Trump's 2.0 tariffs, highlighting that both China and the US have imposed tariffs of 125% on each other's goods, with Canada and the EU also retaliating. Recent actions indicate a potential easing of tensions, as the US announced exemptions for certain products [1][10][12] - Major asset classes experienced volatility, with the VIX index rising sharply, US Treasuries and the dollar facing sell-offs, and gold prices surpassing 3200. The report notes a significant drop in oil prices and a recovery in A-shares after a sharp decline [1][12][13] Domestic Economic Indicators - In March, the Consumer Price Index (CPI) showed a narrowing year-on-year decline at -0.1%, while the Producer Price Index (PPI) saw a wider decline at -2.5%. The PPI-CPI gap widened, indicating a growing disparity between production and consumer prices [2][30] - The report highlights a recovery in industrial production, with specific sectors like methanol and pure alkali showing improvement, while others like tire and polyester experienced declines [2][41] International Economic Indicators - US inflation rates continued to decline in March, with the CPI at 2.4% year-on-year and core CPI at 2.8%. The report notes a decrease in energy prices contributing to this trend [3][49][50] - The report tracks significant geopolitical events, including ongoing discussions regarding the Russia-Ukraine conflict and tensions in the Middle East, which may impact global economic stability [3][45][46] Industry Recommendations - The report suggests focusing on three main investment themes: advancements in AI technology, recovery in consumer stocks, and the rise of undervalued dividend stocks. It emphasizes the importance of valuation in the consumer sector and the potential for recovery driven by policy support [4][43]