According to a research report from CITIC Construction Investment, the A-share market witnessed a broad correction in July, with the growth-oriented sector undergoing a substantial adjustment. Specifically, the Shanghai Composite Index declined by 6.4%, whereas the ChiNext Index plummeted by 23.0%, highlighting significant pressure on small-cap growth stocks. Conversely, sectors such as coal, petroleum and petrochemicals, and banking bucked the trend and rallied. As the influence of interim report disclosures and overseas tech events gradually fades, the market's pricing rationale is returning to fundamental factors. Consequently, it is worth paying attention to the valuation recovery prospects of tech growth stocks. Regarding market sentiment, technology manufacturing and industrial metals stand out: memory chip prices continue to ascend, and capital expenditures by overseas cloud service providers have increased. Industrial robot production surged by 28% year-on-year, with sustained implementation of automation-related capital expenditures. Industrial metals are supported by both supply and demand dynamics, owing to low inventory levels and constrained supply. For allocation recommendations, focus can be directed towards the rebound opportunities of tech growth stocks that experienced notable declines in July but continue to demonstrate upward momentum in sentiment. Additionally, consideration should be given to cyclical and manufacturing sectors with a high degree of certainty for improved performance.