In the past week, the A-share market has witnessed volatile pullbacks, with notable disparities among key indices. The large-cap value segment has outperformed, whereas the technology sector has undergone a certain degree of retracement. Reports from institutional strategies suggest that the market correction since early June has not been driven by distinct negative catalysts but rather represents a natural pullback within an ongoing uptrend. This brief adjustment phase is potentially drawing to a close, with signs of a phased market bottom emerging. The upward trajectory of the AI sector persists, and anticipated earnings growth is poised to ease valuation concerns. While market styles may experience periodic shifts, technology is anticipated to remain the central investment theme.
