After consecutive adjustments, the A-share market experienced a technical rebound, with AI and communication sectors being the main driving forces.
At the index level, the Shanghai Composite Index saw a slight increase of 0.3%, climbing back above the 4,000-point mark; the CSI 300 rose by 0.5%. Growth-oriented styles were clearly favored, with the ChiNext Index rising by 2% and the STAR Market Index up by 1.4%.
Funds behavior indicates that there is some support around the 4,000-point area, and some funds opted to buy dips. However, the market overall still lacks a unified theme, and sector rotation is quite rapid.
In terms of industry performance, AI and 5G communication stood out as core hotspots. The CSI Artificial Intelligence Index increased by 3.7%, and the Communication Index rose by 4.2%, reflecting the market's continued optimism about computing power, optical modules, and network infrastructure demand.
On the individual stock level, New Easyn took the lead with a gain of over 10%, showing a concentration of funds in high-prosperity sub-sectors.
External factors continue to exert pressure on the market. On one hand, escalating tensions in the Middle East are heightening global uncertainties; on the other hand, the delay in high-level meetings between China and the U.S. affects market sentiment in the short term, though analysts believe it won't alter the medium- to long-term relationship framework.
Meanwhile, news related to NVIDIA serves as a significant catalyst, including the licensing of H200 chip sales to China and the layout of new products, further strengthening expectations for the AI industry chain.
