6月3日，A股开盘，上证指数低开0.22%，深证成指低开0.34%，创业板指低开0.33%。（编辑 王 俊勇） ...

A股开盘，上证指数跌0.22%，深证成指跌0.34%，创业板指跌0.33%。 ...

Group 1 - The A50 index is currently experiencing a significant decline, with a drop of nearly 1% as of 4:30 PM, indicating a bearish market sentiment [1] - The daily trend of the A50 index shows a continuation of the downtrend since breaking below the white bullish line on May 23, with resistance from the bullish line persisting [3] - The index is far from the upper bullish line and has shown signs of further weakness, having broken below the green long-term trend line, indicating a fully bearish state on the daily level [3] Group 2 - The weekly trend also reflects a continuation of the downtrend, with the weekly bullish line currently trending downward [5] - A support level is identified around 13,140 points, and if this level is breached, the next support to watch is around 12,950 points [5] - To reverse the current trend, the index needs to reclaim levels above 13,350 points, which appears to be a challenging task given the current bearish conditions on both daily and weekly levels [5]

Core Viewpoint - The report from Galaxy Securities predicts a fluctuating upward trend in the A-share market for June, suggesting a mixed strategy for investment focusing on three main lines: consumption, technology, and dividends [1] Investment Strategy - Galaxy Securities recommends a balanced investment approach, emphasizing the importance of growth sectors such as technology, which are expected to benefit from policy support and industrial development [1] - The report highlights the consumer sector, which is anticipated to gain from domestic consumption policies and the expected appreciation of the Renminbi [1] - Banks are noted for their earnings certainty, low valuations, and high dividends, making them valuable during market fluctuations [1] Sector Focus - The report suggests focusing on value stocks within the technology and consumer sectors for investment opportunities in June [1]

Market Outlook - The company remains optimistic about the A-share market, considering it a very good buying point and the best investment opportunity in decades [1][11][12] - The prediction includes a potential interest rate cut by the Federal Reserve, which could lead to capital inflows into emerging markets, including A-shares [2][11] Investment Strategy - The company plans to focus on stable high-dividend sectors such as food and beverage, and public utilities, which have dividend yields around 4% [2] - The investment strategy emphasizes acquiring valuable assets with stable profitability and dividend rates [2] Tariff Implications - The introduction of reciprocal tariffs by the U.S. is seen as having a neutral impact on the A-share market, with potential long-term benefits for China's economy by addressing overcapacity [3] AI and Robotics - The company acknowledges the potential of AI and robotics but refrains from investing due to difficulties in identifying suitable companies within this sector [4] Buffett's Cash Holdings - The company interprets Warren Buffett's significant cash reserves and reduction in U.S. stock holdings as a risk management strategy, considering the long bull market since 2008 [7] Gold Investment - The company does not view gold as a valuable investment, citing its historical price fluctuations and the current trend of widespread investment in gold [8] Japanese Market Insights - The company is monitoring the Japanese market, noting the unique low-interest environment and the stability of major Japanese trading companies, which could provide investment opportunities [9][10] Long-term Market Confidence - The company believes that despite short-term volatility, the long-term outlook for the market is positive, with expectations of a recovery in leading companies' performance [11][12]

银河证券：预计6月A股市场将大概率震荡上行 订阅A股市场资讯 +订阅 金十数据5月30日讯，最近市场受外围扰动非常明显，从A股自身来看，银河证券认为，当前短期扰动 因素增加主要是美国不确定性重新增加，美欧关税风波再起、美国经济仍存不确定性等，都将压制风险 偏好。预计6月A股市场将大概率震荡上行。国内经济持续复苏，工业增加值4月累计同比维持在6%左 右，显示工业生产保持稳定增长。随着经济复苏的持续叠加国内政策保持积极态势，并且我国监管层多 次发声表达对A股市场的呵护，人民币资产作为美国信用的一种对冲可能受益，多因素共振将持续助力 市场风险偏好提升。近期市场波动加大、行业轮动加快，未来市场主线有望逐步聚焦于核心资产。 （券商中国） ...

Market Overview - The Shanghai Composite Index closed at 3353.07 points, down 0.31% [1] - The Shenzhen Component Index closed at 10051.62 points, down 0.75% [1] - The ChiNext Index closed at 1994.82 points, down 0.88% [1] - The CSI 300 Index closed at 3845.88 points, down 0.33% [1] - The STAR 50 Index closed at 976.73 points, down 0.97% [1] - The CSI 500 Index closed at 5680.67 points, down 0.69% [1] - The CSI 1000 Index closed at 6031.47 points, down 0.95% [1] Performance Metrics - The Shanghai Composite Index had a trading volume of 286.2 billion [2] - The Shenzhen Component Index had a trading volume of 468.57 billion [2] - The North Star 50 Index increased by 0.25% to 1419.41, with a year-to-date increase of 36.77% [2] - The CSI 500 Index had a trading volume of 84.3 billion [2] - The CSI 1000 Index had a year-to-date increase of 1.24% [2] - The CSI 2000 Index decreased by 1.62% to 2546.53, with a year-to-date increase of 8.45% [2]

Core Viewpoint - A-shares have experienced a significant rebound, with the ChiNext Index rising over 1% and nearly 4,500 stocks increasing in value, influenced by the recent halt of tariffs by the U.S. International Trade Court [1][3][4]. Group 1: Market Reaction to Tariff Suspension - The suspension of tariffs is expected to boost risk appetite in the market, leading to a collective rise in major indices [3][4]. - The U.S. International Trade Court's decision to block the implementation of tariffs announced by Trump on April 2 is a key factor in the market's positive response [3][4]. - Analysts suggest that the current market environment enhances the investment attributes of A-shares, with a focus on a "dividend bottom + small-cap growth" strategy for portfolio allocation [3][4]. Group 2: Implications for China - If tariffs are fully lifted, it could significantly alleviate the negative impact on China's exports and nominal GDP, which are currently projected to be dragged down by 5.5% and 1% respectively due to existing tariffs [5][7]. - The best-case scenario for China would be the complete cancellation of the 20%+ reciprocal tariffs imposed this year, although this is considered unlikely [7][9]. - In a more optimistic scenario of full tariff removal, China's exports could potentially achieve a growth rate of around 4% for the year [9]. Group 3: Beneficial Sectors - The consumer electronics sector stands to benefit from reduced export costs if tariffs are suspended, potentially leading to improved performance for companies in this space [10]. - The new energy vehicle and energy storage sectors may also see profit margins expand due to lower tariffs on components, enhancing their competitiveness in global markets [11]. - The cross-border e-commerce and logistics sectors could experience improved profit margins and increased business volume as a result of lower tariffs and enhanced customs efficiency [12]. Group 4: June Market Outlook - Historical trends suggest that June may present challenges for the market, with mixed performance expected across different asset classes [14][15]. - The past decade shows that the Shanghai Composite Index has had an equal number of up and down months in June, while smaller indices like the Shenzhen Component and ChiNext Index have generally performed better [15][17]. - Analysts recommend focusing on sectors such as consumer services and growth industries, including home appliances, automobiles, food and beverage, and technology, which have historically shown higher probabilities of excess returns in June [18][19].

Group 1 - A-shares' three major indices collectively rose on May 29, with the A500 Index ETF (159351) increasing by 0.63% and a total transaction amount of 1.176 billion yuan, indicating active trading [1] - The A500 Index ETF has seen a net inflow of over 459 million yuan over the past six trading days, with a year-to-date share growth rate exceeding 15%, ranking first among similar products [1] - The A500 Index ETF closely tracks the new benchmark index, the CSI A500 Index, which selects 500 stocks representing strong market capitalization across various industries, balancing large-cap stocks while covering core leading assets in the A-share market [1] Group 2 - According to Shenwan Hongyuan, the outlook for June 2023 suggests that without significant catalytic events, only certain niche industries will exhibit good prosperity, and a balanced allocation remains an important strategy [2] - The analysis emphasizes the importance of maintaining a defensive position based on macro narratives while also suggesting that thematic trading could be enhanced even without strong catalysts, as historical data shows that June is a significant period for thematic trading [2]

5月29日，A股开盘，上证指数高开0.01%，深证成指高开0.03%，创业板指高开0.15%。（编辑 王 俊勇） ...