On August 23, Galaxy Securities’ analysis highlighted that, in the near term, the index level is likely to sustain volatility due to external market fluctuations and structural dynamics within the semiconductor sector. This volatility will be underscored by ongoing competition and rebalancing across industries. However, external shocks are transient in nature, with domestic policy guidance and core industrial fundamentals remaining robust. As the third quarter progresses, the market is anticipated to pivot toward a structural recovery driven by sector rotation. Investors are advised to closely monitor policy directions and sectors with proven growth trajectories to capitalize on emerging opportunities.

Next week, the following developments warrant attention:
(1) A flurry of overseas macroeconomic data releases, including the second estimate of U.S. Q2 GDP, July’s core PCE inflation figures, and the Federal Reserve Chair’s speech at the Jackson Hole Symposium;
(2) Earnings announcements from tech firms, with NVIDIA’s financial results serving as a bellwether for global AI capital expenditure trends;
(3) The conclusion of A-share interim report disclosures, which may signal a critical phase for individual stock performance differentiation, while industrial enterprise profit data will provide a broader gauge of profit recovery momentum;
(4) Industry-specific updates, particularly advancements in events like the 2026 Wenchang International Aerospace Forum.