Group 1: Market Overview - The A-share market opened slightly higher on May 28, with the Shanghai Composite Index up by 0.12%, the Shenzhen Component Index up by 0.25%, and the ChiNext Index up by 0.63% [1] - The logistics vehicle concept was notably active, driving the surge in unmanned sanitation vehicles, with several companies reaching their daily limit up [1] Group 2: Key Sectors and Stocks - The unmanned logistics vehicle sector saw significant activity, with companies like Cloud Inner Power, Tongda Electric, and others hitting their daily limit up, while stocks like Dadi Electric and Yuhua Tian rose over 10% [1] - Notable financing activities in the autonomous driving sector include White Rhino receiving 200 million yuan from SF Express for deploying 2,000 unmanned vehicles in 50 cities, and Jiusi Intelligent raising over 430 million USD, expecting to deliver over 3,000 units next year [1] Group 3: Institutional Perspectives - According to Everbright Securities, the market style may rotate between defensive and growth sectors, with a focus on stable or high-dividend industries under defensive style and thematic growth under growth style [3] - Dongfang Securities suggests that the market will primarily experience oscillatory adjustments in the short term, with the Shanghai Composite Index expected to consolidate between 3,300 and 3,400 points [4]

Group 1 - The resilience of the index comes from internal certainty, with April A-share market showing a rebound after initial declines, driven mainly by internal policies and medium to long-term funding certainty [3][6][29] - Future changes may become complex, with increasing pressure on the US economy and inflation due to tariff policies, alongside a declining dollar index and record high US debt maturities [3][36][46] - Key investment themes include domestic consumption, domestic substitution, and industries with high Q1 2025 performance, such as non-ferrous metals and home appliances [3][36][68] Group 2 - The market style is expected to rotate between defensive and growth styles, with current policies focusing on stability and potential weak market sentiment [3][36] - The Hong Kong market also shows resilience, with significant inflows from mainland investors and improved valuation due to tariff impacts [3][36] - Domestic policies are anticipated to stimulate investment and real estate, with historical data indicating a significant increase in local government bond issuance [58][59]