Market Performance - On September 24, A-shares opened lower but quickly rebounded, with the Shanghai Composite Index rising by 0.63%, the Shenzhen Component Index increasing by 1.11%, and the ChiNext Index gaining 1.76% at midday [1][2] Sector Analysis - The semiconductor industry chain experienced a collective surge, with stocks like Jiangfeng Electronics hitting the daily limit, Zhangjiang Hi-Tech achieving two consecutive limit-ups, Huasoft Technology recording four consecutive limit-ups, and Xiangrikui achieving three consecutive limit-ups [1] - The real estate sector showed a volatile upward trend, with Dalong Real Estate hitting the daily limit and achieving three limit-ups in four days [1] - Conversely, the cultural tourism sector faced fluctuations, while the electric motor and cement sectors recorded significant declines [1] Index Performance - The Shanghai Composite Index stood at 3845.91, with a rise of 24.08 points (0.63%) - The Shenzhen Component Index reached 13265.01, increasing by 145.19 points (1.11%) - The ChiNext Index was at 3169.40, up by 54.85 points (1.76%) [2]

Market Overview - A-shares experienced a strong upward trend with over 2,700 stocks rising, and the market turnover reached 2.2 trillion yuan, surpassing 2 trillion yuan for the first time in 114 trading days [1] - The Shanghai Composite Index rose by 0.48%, while the Shenzhen Component Index increased by 1.76%, and the ChiNext Index surged by 3.62% [1] Key Drivers of Market Strength - CPI data reinforced expectations for a Federal Reserve interest rate cut, leading to gains in major U.S. indices, with the Nasdaq and S&P reaching new highs [2] - Continuous foreign investment in Chinese assets, with a net inflow of $5.04 million into ETFs related to Chinese assets listed in the U.S. [2] - Recent policies from the Ministry of Finance aimed at boosting consumer loans and service industry loans are expected to stimulate demand and supply [2] - The computing power industry chain is seeing policy catalysts, with several regions announcing supportive measures and companies reporting significant earnings growth [2] Sector Performance - The AI computing power industry chain saw explosive growth, with leading stocks like Industrial Fulian hitting the daily limit [3] - The brokerage sector showed strong performance, with stocks like Guosheng Financial Holdings achieving consecutive gains [5] - The military industry rebounded, with stocks like Changcheng Military Industry performing well [6] - The semiconductor industry remained active, with companies like Kaimeteqi and Zhongchuan Special Gas reaching daily limits [8] Institutional Insights - Shenwan Hongyuan believes that the bull market atmosphere will not easily dissipate, with potential main lines emerging from domestic technological breakthroughs and high global market share manufacturing [9] - Galaxy Securities anticipates that the market will maintain a high level of volatility supported by improved liquidity, with a focus on sectors with strong earnings [10] - Xinda Securities suggests that the market is likely entering a main upward wave, driven by increasing resident funds and positive policy expectations [11]

Core Viewpoint - The A-share market shows a mixed opening with a slight upward trend in major indices, supported by the central bank's monetary policy and economic recovery expectations, despite short-term uncertainties due to geopolitical tensions [1]. Market Performance - As of 9:51 AM, the Shanghai Composite Index rose by 0.09%, the Shenzhen Component Index increased by 0.35%, and the ChiNext Index gained 0.48% [1]. - Key sectors showing strong performance include EDA, brain-computer interfaces, and photolithography equipment, with notable stocks like Haoshanghao and Zhongci Electronics hitting the daily limit [1]. Sector Analysis Brain-Computer Interface (BCI) - The BCI sector is experiencing significant momentum, with companies like Jihua Group and Xiangyu Medical seeing substantial gains. The technology is nearing a critical point for industrialization, driven by breakthroughs and clinical validations [2]. Photolithography Equipment - Stocks in the photolithography equipment sector are performing well, with companies like Blue Ying Equipment and Kai Mei Teqi reaching their daily limits. This sector is crucial for semiconductor manufacturing, and demand in mainland China is expected to remain strong as local wafer fabs continue to expand [3]. Institutional Insights - CITIC Securities suggests that structural opportunities will dominate the market, with potential catalysts from unexpected interest rate cuts by the Federal Reserve and concurrent easing by the People's Bank of China [4]. - Guotai Junan Securities indicates that the market still has upward potential before the end of July, driven by internal innovation and a decrease in market discount rates [5]. - Zhejiang Securities notes that mid-cap growth stocks may outperform small-cap stocks due to current market conditions, with increased volatility expected in July [6][7].