Core Viewpoint - The A-share market shows resilience amidst global market fluctuations, supported by long-term capital inflows and policy-driven industrial upgrades [1] Market Performance - On November 7, A-shares experienced a collective adjustment, with the chemical sector and photovoltaic equipment performing well, while AI applications and humanoid robots saw significant declines [1] - The A500 ETF fund (512050) opened lower but rose by 0.42% by 13:33, with a trading volume exceeding 4.2 billion yuan, leading its category [1] - Notable stocks included Tianfu Tongxin, which increased by over 13%, along with strong performances from Xinjubang, Defang Nano, Tianhua New Energy, and Tianci Materials [1] Capital Inflows - Insurance funds and pension funds have been consistently entering the market, combined with company buybacks, creating a solid foundation for market stability [1] - These counter-cyclical funds have effectively mitigated external impacts on the market [1] Policy and Industrial Support - The dual drivers of industrial upgrades and policy benefits are providing support and uplift to the market [1] - Year-end important meetings are generating expectations for stable growth [1] - Micro-level changes in industries, such as the continuous increase in new energy vehicle penetration and substantial progress in semiconductor localization, are reshaping profit expectations for listed companies [1] Fundamental Changes - Positive changes in fundamentals, along with improvements in capital structure, are resonating together to form a solid foundation for an independent A-share market trend [1]