Market Overview - The A-share market experienced a volatile adjustment this week, with major indices recording negative returns, indicating a "strong large, weak small" pattern[11] - The North Star 50 index saw a significant drop of 3.68% after reaching a historical high earlier in the week, confirming the anticipated "active adjustment" phase[58] Sector Performance - The dividend style sectors outperformed overall, with the healthcare and automotive industries rising by 1.92% and 1.80% respectively, while technology and growth sectors continued to weaken, with declines of 3.00% in computing and 2.10% in electronics[12][59] - Among the 30 sectors, 9 increased and 21 decreased, highlighting the dominance of dividend styles[12] Market Sentiment and Capital Flow - The average daily trading volume in the Shanghai and Shenzhen markets decreased to 1.14 trillion yuan, down from 1.23 trillion yuan the previous week[19] - Financing buy-in ratio fell to 8.22%, with a net outflow of 11.3 billion yuan from stock ETFs this week[27] Economic Influences - The Loan Prime Rate (LPR) was lowered by 10 basis points, with the one-year LPR now at 3.00% and the five-year LPR at 3.50%, aimed at reducing loan costs and stimulating economic growth[54] - The U.S. 20-year Treasury yield exceeded 5%, impacting market risk appetite negatively[56] Future Outlook - The market is expected to continue its adjustment phase, with the Shanghai Composite Index's gap from April 10 (3186-3201 points) serving as a key technical support level[60] - Investment strategy suggests reallocating from high-rebound technology and growth sectors to relatively stable large financial and dividend sectors to manage portfolio volatility[61]