板块方面，PEEK材料、锂矿、CPO、PCB等板块涨幅居前，银行、电力、黄金、油气等板块跌幅居前。截至收盘，沪指涨0.51%，深成指 涨1.48%，创业板指涨1.99%。 下载财联社APP获取更多资讯 今日A股早盘震荡走高，创业板指领涨。沪深两市半日成交额1.14万亿，较上个交易日放量585亿。盘面上热点良性轮动，个股涨多跌少，全市场超 4200只个股上涨。 从板块来看，PEEK材料概念股集体大涨， 中欣氟材5天4板。算力硬件股震荡走强，胜宏科技再创历史新高。新疆本地股维持强势，新疆交建等多 股涨停。 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...

一是场外资金跑步入场，钱太多但主线难寻。 数据不会说谎： 7月新开户数飙到196万户，同比激增71%；私募备案产品数量创27个月新高， 股票策略占绝对主导；两融余额更是逼近2万亿大关。大量新资金涌进来，但市场暂时没形成"一家独大"的主线，只能在科技成长赛道里"打游 击"。 最近市场呈现 "题材方向大轮动+细分概念频切换"特征，市场资金一天就可以把机器人、算力硬件、AI应用这几个主流科技成长方向轮个遍。 这些方向的内部分支也是不断切换，机器人里面的宇树智元链、 MIM、机器狗、peek等雨露均沾，算力硬件里面的PCB、CPO、液冷、铜缆甚 至到柴发、散热、MPO等可以反复好几遍，AI应用的AI电商、AI工业软件、AI军工也是换不停。 连光刻机、 eSIM、脑机这些老题材也都能热炒，许多投资者不得苦笑"知识学不完"、"持仓独跌牛"，与其说这是百花齐放的普涨行情，不如说 是眼花缭乱的轮动牛行情。 | | | | 全部板块 二级行业 概念板块 风格板块 地区板块 统计指数 | | | | 34 | 板块地图 | | | | | | | --- | --- | --- | --- | --- | --- | --- | ...

最近市场呈现"题材方向大轮动+细分概念频切换"特征，市场资金一天就可以把机器人、算力硬件、AI 应用这几个主流科技成长方向轮个遍。 这些方向的内部分支也是不断切换，机器人里面的宇树智元链、MIM、机器狗、peek等雨露均沾，算力 硬件里面的PCB、CPO、液冷、铜缆甚至到柴发、散热、MPO等可以反复好几遍，AI应用的AI电商、 AI工业软件、AI军工也是换不停。 二是量化资金成推波助澜的"快闪主力"。现在的量化模型就像"智能扫货机器人"，专门盯着高辨识度个 股快进快出。你还在研究基本面时，量化资金可能已经完成一轮"冲高-止盈"，这直接加速了题材轮动 节奏。 三是消息和情绪传播"秒级化"。一条AI应用落地新闻、一份机器人行业研报，几分钟内就能传遍全网， 资金跟着消息面"瞬时切换"，散户不管是辨别能力还是操作手速都很难跟上这个速度。 连光刻机、eSIM、脑机这些老题材也都能热炒，许多投资者不得苦笑"知识学不完"、"持仓独跌牛"，与 其说这是百花齐放的普涨行情，不如说是眼花缭乱的轮动牛行情。 为什么轮动会这么"卷"？4大推手让行情变成"快闪秀"。想在轮动牛里赚钱，得先搞懂"为什么这么 轮"。当前这种"题材大乱斗"的 ...

Core Viewpoint - The article highlights the strong performance and growth potential of the computing hardware industry, driven by significant earnings reports from major companies like Meta and Microsoft, which have led to increased capital expenditures and positive market sentiment [4][5]. Group 1: Earnings Reports - Meta reported Q2 FY2025 revenue of $47.516 billion, a 22% increase year-over-year, exceeding market expectations of $44.8 billion. Net profit rose by 36% to $18.337 billion [4]. - Microsoft announced Q4 FY2025 revenue of $76.4 billion, an 18% year-over-year growth, with net profit increasing by 24% to $27.2 billion [5]. Group 2: Capital Expenditure - Meta raised its full-year capital expenditure guidance from a minimum of $64 billion to $66 billion, with a range of $66 billion to $72 billion [4]. - Microsoft plans to exceed $30 billion in capital expenditures for Q1 FY2026, driven by strong demand for cloud and AI products [5]. Group 3: Industry Outlook - The computing industry is experiencing high growth, with potential for valuation increases. Key investment themes include companies with sustained high growth and low historical valuations, those benefiting from external demand, and critical upstream segments [5]. - The development of AI is driving ongoing investment in computing infrastructure, with advanced process chips and high-speed optical modules showing strong performance in overseas markets [5].

每经AI快讯，7月31日，指数分化，创业板指拉升涨逾1%，沪指跌0.39%，深成指涨0.17%。CPO、 PCB、辅助生殖等方向涨幅居前，沪深京三市上涨个股近2800只。 ...

Core Viewpoint - The A-share market showed a mixed performance with the Shanghai Composite Index rising by 0.33%, the Shenzhen Component Index increasing by 0.64%, and the ChiNext Index gaining 1.86% on July 29, 2025 [1][2]. Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.8 trillion yuan, an increase of 609 billion yuan compared to the previous trading day [2]. - Nearly 3,000 stocks in the market experienced declines, indicating a broad market weakness despite the index gains [2]. Sector Performance - Strong performances were noted in sectors such as CRO, innovative pharmaceuticals, steel, and photovoltaic industries, while sectors like rare earths, insurance, and agriculture showed weakness [4]. - Specific stocks in the computing hardware sector, including CPO and PCB, continued to perform well, with companies like Fangbang Co., Woge Optoelectronics, and Foster hitting the daily limit up [4]. Pharmaceutical Sector - The pharmaceutical sector saw significant gains, with over ten stocks, including Asia-Pacific Pharmaceutical, Zhongsheng Pharmaceutical, and Chenxin Pharmaceutical, reaching the daily limit up [5]. - Notable individual stock performances included: - Sanyuan Gene (+20.76% at 34.84 yuan) - Ruizhi Pharmaceutical (+20.02% at 13.61 yuan) - Yaoshi Technology (+18.77% at 53.10 yuan) [6]. Capital Flow - Main capital inflows were observed in the semiconductor, pharmaceutical, and communication sectors, while outflows were noted in education, energy metals, and transportation equipment sectors [7]. - Specific stocks with significant net inflows included: - Xinyi Sheng (+1.271 billion yuan) - Hengsheng Electronics (+904 million yuan) - Shanghai Electric (+754 million yuan) [8]. - Conversely, stocks like Kids Wang, Shenghe Resources, and Northern Rare Earth faced net outflows of 870 million yuan, 806 million yuan, and 780 million yuan respectively [9]. Institutional Insights - Shenwan Hongyuan indicated that the market is likely to maintain a consolidation trend [10]. - Qianhai Bourbon Fund noted that after breaking the 3600 resistance, the market experienced a pullback, suggesting a focus on structural rebound and low valuation stocks [11]. - Zhongtai Securities highlighted a shift in market sentiment towards technology stocks and recommended actively seeking opportunities in sectors like photovoltaic and military industries [11].

Group 1 - Apple is set to close its first retail store in China, located in Dalian, due to changes in the shopping center environment, marking a significant contraction in its efforts to boost sales in this market [3][4] - The closure will take effect on August 9, and Apple has approximately 56 retail stores in Greater China, accounting for over 10% of its global total of more than 530 stores [3] - Despite the closure, Apple plans to open a new store in Shenzhen on August 16 and aims to establish more locations in Beijing and Shanghai over the next year [3][4] Group 2 - In the second fiscal quarter ending March 29, Apple's sales in China decreased by 2.3% to $16 billion, falling short of analysts' expectations of $16.8 billion [3] - The company is also becoming more cautious regarding lease renewals, as evidenced by the simultaneous announcement of store closures in the UK and other locations [5] - Overall, Apple's retail expansion has slowed since the pandemic, with a greater focus on online store openings in new markets like India and Saudi Arabia, as well as upgrading or relocating existing stores [4]

Core Viewpoint - The ChiNext Index rose over 1%, indicating a positive trend in the growth enterprise market, while the Shanghai Composite Index and Shenzhen Component Index showed slight declines [1] Group 1: Market Performance - The ChiNext Index experienced a significant increase of over 1% [1] - The Shanghai Composite Index fell by 0.04% and the Shenzhen Component Index decreased by 0.01% [1] - Nearly 1,400 stocks in the Shanghai, Shenzhen, and Beijing markets saw gains [1] Group 2: Sector Performance - Sectors such as pharmaceuticals, computing hardware, and semiconductor chips led the gains in the market [1]

Global Market Overview - The Chinese stock market is experiencing an upward trend, with innovative pharmaceuticals leading the charge. Heng Rui Pharmaceutical has secured a $500 million upfront payment and potential orders worth $12 billion from foreign pharmaceutical companies [2] - Strong performance in computing hardware stocks, particularly in CPO and PCB sectors. Insurance stocks are also performing well, with Xinhua Insurance reaching a historical high [2] - Macau's satellite casinos are set to cease operations by the end of the year, with two being acquired by Aobo Holdings, signaling a shift in the gaming industry [2] - Recent trading restrictions have led to significant declines in coking coal and other cyclical stocks, while the yield on RMB government bonds has decreased slightly [2] Economic Policies and Impacts - The Chinese government is implementing economic rebalancing policies, including annual childcare subsidies of 3,600 yuan for children aged 0-3, which will cost approximately 100 billion yuan. Additionally, free preschool education will be gradually introduced, costing around 400 billion yuan [2] - These policies are expected to boost household consumption by approximately 0.6% and nominal GDP by about 0.25% [2] - The market regulatory authority is taking steps to address low-quality competition among enterprises and enhance safety regulations for food, pharmaceuticals, and industrial products [2] International Market Trends - European stock markets have declined, although the semiconductor sector has seen gains. A trade agreement between the US and Europe has been reached, but investors perceive it as more beneficial to the US [2] - In the US, stock performance is mixed, with energy, information technology, and consumer discretionary sectors rising, while real estate, materials, and utilities are down. Nvidia shares have rebounded nearly 2%, contributing to new highs for the stock index [2] - Investors are closely monitoring upcoming earnings reports from major tech companies such as Microsoft, Meta, Apple, and Amazon, focusing on future profit guidance and AI capital expenditure [2] Market Indicators - US Treasury yields have slightly increased, and the dollar index has surged. Oil prices have rebounded to a two-week high amid threats of sanctions against Russia by Trump [2] - Gold prices have experienced a pullback [2]

Market Overview - On July 28, the A-share market experienced a rebound, with the ChiNext Index leading the gains. The total trading volume in the Shanghai and Shenzhen markets was 1.74 trillion yuan, a decrease of 45 billion yuan compared to the previous trading day. The Shanghai Composite Index rose by 0.12%, the Shenzhen Component Index increased by 0.44%, and the ChiNext Index gained 0.96% [2][3] - Over 2,700 stocks in the market saw an increase, indicating a broad-based rally [2] Sector Performance - The computing hardware sector saw a significant surge, while innovative drug concepts maintained strong performance. The commercial aerospace sector was also active [2] - Conversely, cyclical stocks such as steel and coal experienced collective adjustments, with companies like Liugang Co., Ltd. seeing declines of over 5% [2] - The PCB, film, and CPO sectors had the highest gains, while coal, steel, Hainan Free Trade Zone, and precious metals sectors faced the largest declines [2] International Market - In the U.S. stock market on July 28, the Dow Jones Industrial Average fell by 64.36 points to close at 44,837.56 points, a decrease of 0.14%. The S&P 500 index rose by 1.13 points to 6,389.77 points, an increase of 0.02%, and the Nasdaq Composite Index gained 70.27 points to close at 21,178.58 points, up 0.33% [4][6] - European markets saw all three major indices decline, with the UK FTSE 100 down 0.43%, the French CAC 40 down 0.43%, and the German DAX down 1.02% [4] - International oil prices rose, with WTI crude oil increasing by $1.55 to $66.71 per barrel, a rise of 2.38%, and Brent crude oil up $1.60 to $70.04 per barrel, an increase of 2.34% [4][5] Key Announcements - The Chinese government announced a new childcare subsidy plan, effective from January 1, 2025, providing annual subsidies of 3,600 yuan per child for those under three years old [8] - The Ministry of Industry and Information Technology is formulating a plan to enhance the adaptability of consumer goods supply and demand to support consumption expansion [9] - The Shanghai Municipal Economic and Information Commission announced a 600 million yuan initiative to reduce the cost of intelligent computing power, including issuing computing vouchers [13] Institutional Insights - Everbright Securities noted that the white liquor sector is currently in a deep value zone, with a dividend yield of 3.72% as of July 25, 2024, and a payout ratio of 71% [16] - Open Source Securities highlighted that the coal sector is at a turning point, suggesting it is time to position investments [16] - Donghai Securities anticipates an overall improvement in profitability and valuation levels in the medical device sector due to policy guidance [16] Focused Announcements - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of the year, a year-on-year increase of 101.92% [17] - SANY Heavy Industry plans to issue up to 20 billion yuan in various non-financial corporate debt financing tools [18]