Securities Morning Meeting Highlights | The current market already has many features of a bottom, with limited downside risks.

In today's morning meeting of securities firms, CICC believes that the current market already has many characteristics of being near the bottom, with limited downside risks; China Securities Co.,Ltd. stated that it is optimistic about Tesla and the leading humanoid Siasun Robot&Automation industry chain. On September 3, Caixin Financial News reported that the market opened lower and continued to decline throughout the day, with the Shanghai Composite Index hitting a new low and the ChiNext Index falling by nearly 3%. Overall, more stocks fell than rose, with over 4400 stocks in the entire market decreasing. The turnover of the Shanghai and Shenzhen stock markets was 705.7 billion, a decrease of 170.9 billion compared to the previous trading day. In terms of sectors, insurance, ST sectors, coal, and banking sectors led the gains, while the shipping sector, semiconductors, liquor, and gaming sectors led the declines. By the close of trading yesterday, the Shanghai Composite Index fell by 1.1%, the Shenzhen Component Index fell by 2.11%, and the ChiNext Index fell by 2.75%. In today's morning meeting of securities firms, CICC believes that the current market already has many characteristics of being near the bottom, with limited downside risks; China Securities Co.,Ltd. stated that it is optimistic about Tesla and the leading humanoid Siasun Robot&Automation industry chain. CICC: The current market already has many characteristics of being near the bottom, with limited downside risks CICC pointed out that in August, the market saw a decline in turnover and trading volume, with investor sentiment decreasing to a relatively low level in recent years. Structurally, with the market adjustments, the rotation speed of growth themes is fast and lacks sustainability, the ChiNext Index continues to adjust, and some high dividend-paying sectors with performance support maintain relative returns, while the stock prices of companies like banks and expressways have gradually adjusted after hitting historical highs. Looking ahead, the current market already has many characteristics of being near the bottom, with limited downside risks. Investor confidence restoration requires the accumulation of more positive factors, with a focus on the counter-cyclical adjustment intensity of domestic monetary and fiscal policies in the future. China Securities Co.,Ltd.: Optimistic about Tesla and the leading humanoid Siasun Robot&Automation industry chain China Securities Co.,Ltd. stated that it is optimistic about domestic integrated joints, leading reducers, and leading motor companies benefiting from the mass production of Siasun Robot&Automation and suggested paying attention to breakthroughs in screw companies in technology and sample progress. Six-dimensional force and tactile sensors are one of the strongest sections in cost reduction demands, and it is optimistic about domestic companies achieving technological breakthroughs + obvious price advantages + higher flexibility in services. In November 2023, Tesla announced a change in technical solutions with expected walking tests, the establishment of the domestic humanoid Siasun Robot&Automation innovation center, triggering a convergence trend in segments such as screw companies. After two years of development, the humanoid Siasun Robot&Automation industry is now in the mass production stage from 1 to N. China Securities Co.,Ltd. believes that the progress of Tesla's mass production of Siasun Robot&Automation, the iteration of AI large models, and the industrialization process of humanoid Siasun Robot&Automation at home and abroad are still the core influencing factors. This article is reproduced from "Caixin Financial News", edited by GMTEight: Chen Xiaoyi.