The A-share strategy research report issued by Huatai Securities reveals that the turbulence stemming from Sino-US tariffs has dampened market risk appetite and reduced trading volumes, potentially ushering A-shares into a period of adjustment shock. Amidst anticipated economic fluctuations in the second quarter, investors are keen on policy hedging. While the market bottom remains supported, upward momentum necessitates reinforcement. Breaking the current impasse hinges on the guidance provided by the Political Bureau meeting at the end of April and the momentum generated by the technology industry cycle. Regarding asset allocation, it is advisable to focus on defensive assets and policy hedging strategies. This includes dividend-yielding assets in the transportation, insurance, and communication services sectors, as well as areas experiencing enhanced prosperity in domestic demand and self-controllable domains. Furthermore, as risk appetite recovers, attention can be directed towards technology sectors that are currently oversold but possess strong industrial impetus.