Market Review - The market showed a downward trend this week, with the Shanghai Composite Index struggling to maintain the psychological level of 3400 points, indicating potential difficulty in sustaining this level without significant trading volume [2] - The micro-cap stock index formed a high-level doji, suggesting caution towards small micro-cap stocks [2] - The Hong Kong stock market formed a long upper shadow on the weekly chart, with the A/H premium reaching a new low, indicating a higher probability of a pullback in Hong Kong stocks or an increase in A-shares to return to a normal range [2] - A short-term head has formed, necessitating vigilance and partial position control, with the 20-week moving average serving as a key support level [2] Sector Analysis - There has been a noticeable acceleration in sector rotation, with over half of the sectors showing movement recently, including anti-tariff, military, innovative pharmaceuticals, new consumption, gaming media, CPO, oil and gas, and precious metals [3] - The trend is weak when sectors retreat, emphasizing the need for quick entry and exit strategies and active sector switching when trends reverse [3] Future Focus - Among various broad indices, the STAR Market has performed the weakest, particularly in sectors like semiconductors, computing power, and robotics, which have been in a weak adjustment trend since March [4] - Financial policies, such as the introduction of growth tiers in the STAR Market and the upcoming listing of new stocks with STAR attributes, may boost interest in semiconductor and technology stocks, although this may take time and requires accompanying trading volume [4] - A defensive approach is recommended before taking offensive positions [4]

Market Overview - The Shanghai and Shenzhen stock indices opened lower on June 16 but showed slight gains by midday, with the Shanghai Composite Index at 3378.77 points, up 0.05% and a trading volume of approximately 308 billion [1] - Resource stocks, including oil, natural gas, and coal, led the early gains, while sectors like airports, precious metals, and cultivated diamonds saw minor declines [1] Sector Performance - The oil and gas industry continued its upward trend from June 13, with significant increases in gaming stocks and notable gains in sectors such as wind power, digital currency, cross-border payments, AI, and film and television [1] - The North Stock 50 Index reported a 0.86% increase, indicating strong performance in certain sectors [1] Economic Indicators - In May, the total retail sales of consumer goods reached 41,326 billion yuan, reflecting a year-on-year growth of 6.4%, which is an acceleration of 1.3 percentage points from the previous month [4] - The industrial added value for large-scale industries grew by 5.8% year-on-year, while the service production index increased by 6.2% [4] Logistics and Delivery Sector - The postal industry in China completed a total of 861.8 billion delivery items in the first five months, with express delivery volume reaching 787.7 billion items, marking a year-on-year growth of 20.1% [5] - The revenue from the express delivery business amounted to 592.4 billion yuan, showing a 10.3% increase compared to the previous year [5]

Group 1 - The joint statement from the US-China Geneva trade talks indicates that the US will modify tariffs on Chinese goods, suspending a 24% tariff for the first 90 days while retaining a 10% tariff [1] - China will reciprocate by suspending a 24% tariff on US goods for the first 90 days and will cancel additional tariffs as per its announcements [1] - The Hang Seng Tech Index rose over 6%, and the Hang Seng Index increased by nearly 3% following the announcement, while gold prices fell by 3% to below $3230 per ounce [1] Group 2 - The Shanghai Composite Index closed at 3369.24 points, up 0.82%, while the Shenzhen Component Index rose 1.72% to 10301.16 points, and the ChiNext Index increased by 2.63% to 2064.71 points [3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.3084 trillion yuan, an increase of 116.4 billion yuan compared to the previous trading day [3] - Most industry sectors saw gains, with aerospace and shipbuilding sectors experiencing significant increases, while precious metals sector faced declines [5]

Group 1 - The Hang Seng Index closed down by 0.74% [1] - The Hang Seng Tech Index fell by 1.46% [1] - JD Group experienced a decline of over 6% [1] Group 2 - Meituan and Mixue Group both dropped by over 5% [1] - Dongfang Zhenxuan saw a decrease of nearly 3% [1] Group 3 - China Silver Group increased by over 10% [1] - Chifeng Jilong Gold Mining rose by over 4% [1]