Market Overview - The A-share market is currently experiencing significant volatility, but it shows resilience compared to global markets, with some indices performing relatively well despite a weak overall trend [1][2] - The market is in an adjustment phase due to the impact of global economic conditions and the Trump tariff policy, which has led to liquidity risks and a contraction in global trade [2] Investment Opportunities - The consumer sector is highlighted as a key area of interest, particularly value blue-chip and essential consumer goods, which have low valuations after recent market adjustments [3] - The seed agriculture sector is noted for its potential absolute return elasticity, benefiting from China's countermeasures against the U.S. and having solid fundamental support [3] Export Challenges - The export chain is expected to experience differentiation, with risks already priced in for direct exports to the U.S., while concerns arise for transshipment trade due to new tariffs on ASEAN countries [4] - Manufacturing companies with strong overseas layouts may benefit from the current trade dynamics, presenting investment opportunities for value reassessment [4]