Market Overview - The A-share market showed a mostly positive trend today, with the Shanghai Composite Index rising by 0.48% to close at 3683.46 points, and the Shenzhen Component Index increasing by 1.76% to 11551.36 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 21,509 billion, an increase of 2,694.17 million compared to the previous trading day [1] - Among the major indices, the ChiNext Index saw the highest increase, rising by 3.62% to 2496.50 points [1] Industry Performance - The leading sectors today included telecommunications, non-ferrous metals, electronics, pharmaceutical biology, power equipment, and national defense, which all experienced gains [1] - Conversely, sectors such as banking, coal, food and beverage, textiles and apparel, public utilities, and oil and petrochemicals faced declines [1] Sector Highlights - Notable concept sectors with significant gains included optical modules (CPO), optical chips, industrial gases, optical communications, CRO, circuit boards, servers, selected industrial metals, cultivated diamonds, Huakun Zhenyu, innovative drugs, photovoltaic inverters, semiconductor materials, and IDC (computing power leasing) [2]

A股在前期持续上涨后，近几个交易日出现连续调整，高盛首席中国股票策略分析师表示，当前股市的 估值已不再低廉，指数在连续刷新年内新高后，出现回调在所难免。但随着企业盈利的改善，在未来12 个月，中国股市还会有10%-15%的增长空间。招商证券策略分析师认为，展望8月，市场可能会呈现指 数在8月中上旬震荡的格局，在8月中下旬重新回归此前的上行趋势，并可能继续创新高。 中国人民银行8月1日召开2025年下半年工作会议。会议认为，金融支持经济持续向好力度加大。实施适 度宽松的货币政策，降低存款准备金率，灵活运用多种货币政策工具，保持流动性充裕。下调政策利 率、结构性货币政策工具利率和个人住房公积金贷款利率，促进金融市场利率和社会综合融资成本下 行。持续完善货币政策框架，培育政策利率，完善货币政策工具箱，做好政策沟通和预期引导，巩固拓 展整治资金空转、金融业"内卷式"竞争成效。 （文章来源：每日经济新闻） 8月4日周一，A股三大股指低开调整，沪指跌0.36％，深成指跌0.53％，创业板跌0.66％，AI产业链普 遍回调，CPO、AI应用概念跌幅居前，PCB、华鲲振宇概念集体下挫；贵金属跟随期市回暖，中药股造 好。截至9 ...

Market Overview - The A-share market showed narrow fluctuations today, with mixed performance across major indices. The Shanghai Composite Index closed flat at 3367.58 points, while the Shenzhen Component Index fell by 0.08% to 10171.09 points. The ChiNext Index decreased by 0.33% to 2032.76 points, and the Sci-Tech 50 Index remained unchanged at 995.25 points. Overall, 3559 stocks rose, 1691 fell, and 160 remained flat, with total trading volume in the Shanghai and Shenzhen markets amounting to 10864 billion, a decrease of 30.81 billion from the previous trading day [1]. Industry Performance - Among the Shenwan first-level industries, sectors such as comprehensive services, environmental protection, real estate, national defense and military industry, social services, and beauty care led the gains. Conversely, industries like food and beverage, automotive, banking, non-ferrous metals, telecommunications, and biomedicine experienced declines [1]. Sector Highlights - The top-performing concept sectors today included primary real estate developers, restructuring, pet economy, Huakun Zhenyu, Nanjing State-owned Assets, ST sectors, selected food processing, lithium extraction from salt lakes, pre-made dishes, solar thermal power generation, new urbanization, low-priced stocks in the ChiNext, urban village renovation, central enterprise automobiles, and the poultry industry [1].