Core Viewpoint - The article discusses the potential escalation of trade tensions between the U.S. and China, particularly in light of President Trump's threats to impose significant tariffs, which has led to a sharp decline in U.S. stock markets and Chinese stocks on October 10. However, there are signs of a possible easing of tensions following comments from Vice President Pence indicating Trump's willingness to engage in rational negotiations with China [2]. Group 1: Market Reactions and Predictions - The market is expected to remain under pressure in the short term due to "learning effects" and opportunistic buying, but the impact of the current situation is anticipated to be less severe than in April [2][3]. - Analysts predict that the upcoming decision on tariffs on November 1 will likely serve as leverage in negotiations, with the market's reaction to the new tariffs expected to be milder than the previous round [3]. - The A-share market has already experienced declines, with the Shanghai Composite Index down 0.94%, the ChiNext Index down 4.55%, and the STAR Market down 5.61% on October 10 [4]. Group 2: Investment Strategies - Investors are advised to focus on high-quality stocks with lower price increases as potential buying opportunities during the current market adjustment [3][4]. - There is a suggestion to monitor stocks with high financing balances for associated risks, while also considering a "high-low switch" strategy as third-quarter reports are released [4]. - The long-term outlook for the A-share market remains positive, with expectations of a slow bull market trend supported by structural profit recovery and credit repair [3].

本文字数：1041，阅读时长大约2分钟 业内人士认为，短期市场依然承受压力，因为市场"学习效应"，资金趁低买入等原因，预计冲击比4 月要小，经历调整之后部分个股会出现吸纳机会；不过，也要警惕部分涨幅较大个股融资盘较高的风 险，部分涨幅不大的优质个股会有更多机会，预计三季报超预期个股会有更突出表现。 深圳市德远投资有限公司基金经理伍周向第一财经记者表示，预计11月1日再决定是否加征关税，大 概率是双方谈判前施压、增加谈判筹码，对市场影响来看，预计关税2.0版本市场跌幅小于4月7日的 关税1.0版本；市场下跌也不失是低吸涨幅不大的优质股票的时间窗口，A股港股很多将延续自身的 调整周期，调整后又将迎来新上涨周期。 2025.10. 13 作者 | 第一财经 李隽 贸易摩擦可能升级、美国政府"停摆"危机，在美国总统特朗普威胁要大幅加征关税后，刚刷新历史新 高的美股遭遇重挫，中概股在10月10日也经历了较大跌幅，整个周末市场都在担心10月13日A股开盘 表现。 不过形势可能峰回路转。根据媒体报道，10月12日晚间，美国副总统万斯在接受采访时候，针对特 朗普在10日发布的最新关税威胁，释放了一些缓和的信号，他在节目中表示 ...