According to the Huatai Securities A-share strategy report, the market adjustment witnessed in the latter half of last week was predominantly driven by profit-taking activities and the rising share of small-cap stock trading volumes. The current market landscape is characterized by a lull in seasonal trends and diminished risk visibility, potentially sustaining a "capped upside and bottomed downside" operational stance in the near term. External tariff fluctuations and internal capital disruptions could further amplify market volatility. It is advisable to seize specific opportunities amidst this volatility, particularly in large financial and consumer sectors benefiting from the easing of Sino-US trade tensions, alongside the mid-term mainstay of the pan-technology sector.
