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NetEase Finance, August 6，Shanghai Stock IndexOpened 0.63% higher,Shenzhen Component IndexOpened 1.03% higher,gemThe index opened 1.30% higher, with computing power, semiconductors, consumer electronics and other sector indices leading the gains.

On August 6, the three major indexes opened higher, with the GMO sector leading the gains. As of today's opening, the Shanghai Composite Index was at 2878.65 points, up 0.63%; the Shenzhen Component Index was at 8481.73 points, up 1.03%; and the ChiNext Index was at 1628.12 points, up 1.30%.

News:

1. The three major U.S. stock indexes closed sharply lower on Monday, with the Dow Jones Industrial Average down 2.6%, the Nasdaq down 3.43%, and the S&P 500 down 3%, the largest single-day drop since September 2022. In terms of European stocks, Germany's DAX30 index fell 1.8%, Britain's FTSE 100 index fell 2.1%, France's CAC40 index fell 1.6%, and Europe's Stoxx 50 index fell 1.5%. Asia-Pacific stock markets also fell collectively on the same day, with the Korean stock market's composite stock price index closing down 8.78%, and South Korea's Kosdaq index falling more than 11%. The Nikkei 225 index closed down 12.4%, wiping out all gains this year. However, U.S. stock index futures rebounded in early Asian trading on Tuesday, with Nasdaq futures currently up more than 1.5%. The Nikkei 225 index opened up about 2% on Tuesday, and South Korea's KOSPI index opened up 3.7%.

2. The RMB continued to rise amid expectations of a rate cut by the Federal Reserve. On Monday, the offshore RMB hit 7.09 against the U.S. dollar, with a maximum intraday appreciation of 700 basis points, setting a one-year high.

3. The central bank and five other departments recently issued the "Notice on Launching a Special Action to Learn and Apply the Experience of the 'Ten Million Project' to Strengthen Financial Support for the Comprehensive Revitalization of Rural Areas", proposing to deepen the revitalization of the seed industry and agricultural science and technology financial services, and support eligible seed companies in listing, listing financing and refinancing.

4. The Shandong Provincial Public Resources Electronic Trading Platform recently disclosed the announcement of the purchase and sale of the bivalent human papillomavirus vaccine for girls of school age in Shandong in 2024. The winning bid price for a single dose of the bivalent HPV vaccine has dropped to 27.5 yuan.

5. China Securities Finance Corporation Limited issued a statement on the 5th saying that recently, some self-media outlets claimed that "the data on securities lending and margin trading are all virtual, and there is actually no upper limit on the amount of securities lending sales." The relevant statements are rumors.

6. China Evergrande announced that the company is seeking toXu Jiayin, Ding Yumei and seven other defendants recovered dividends and remuneration totaling approximately US$6 billion.

7. Global stock markets experienced a "Black Monday" and officials from many countries responded. Japanese Finance Minister Shunichi Suzuki expressed strong concern about the stock market decline. Stock prices are determined by the market, and it is important for the government to make decisions calmly. South Korea said it will closely monitor the foreign exchange and stock markets and will quickly take market stabilization measures when necessary.

8. The U.S. Institute for Supply Management (ISM) services index rose to 51.4, slightly higher than expected, indicating that the services industry resumed expansion in July, breaking away from the worst contraction in four years, which may help ease recession fears.

9. Data from Goldman Sachs' institutional brokerage department showed that hedge funds sold US stocks at the strongest pace in six weeks, continuing to reduce their net long positions in individual stocks and increasing their holdings.ETFThe pace of short selling is the fastest in a year.

10. A U.S. federal judge ruled that Google illegally monopolized the search engine market, and shares of Google's parent company Alphabet fell nearly 4.5% at the close on Monday.

Institutional Views:

CICC said that looking ahead to the future, asset prices may have already reflected overly pessimistic expectations.A sharesValuations are once again very attractive; at the same time, there have been positive adjustments in recent policy ideas, so there is no need to be too pessimistic about the future performance. It is expected to gradually improve after positive changes in policies and fundamentals.

CITIC Securities Research Report pointed out that Guide Infrared Company issued an announcement that it had won the bid for a major domestic complete equipment system overall project; the overall model project won this time was the first time that a private enterprise won the bid for a major equipment system project of a certain type and category. Inertial navigation chip company Innolink, an upstream inertial navigation chip company in the industry chain, also recently released its 2024 interim report showing a year-on-year increase of 42.04% in operating income and a year-on-year increase of 38.07% in net profit attributable to the parent. Guide Infrared's winning bid and the growth in performance of companies in the industry chain such as Innolink reflect that low-cost precision-guided weapons are the development trend in the era of intelligent warfare. Creating an overall architecture of "heavy system, light platform, and consumable" is the inevitable way to deal with high-intensity symmetrical warfare. The turning point of the old and new cycles of the military industry is right now.