A-share market opening express | A-share collectively opens high, Shanghai index rises by 0.11%, storage chips, semiconductors, and other sectors perform actively.

The three major A-share indexes opened higher collectively, with the Shanghai Composite Index up 0.11% and the Growth Enterprise Index up 0.43%. In terms of sectors, storage chips, semiconductors, and lithography machine sectors led the gains, while pork, film and television, and precious metals sectors led the declines. Institutional Outlook Huaxi: The summer offensive in the A-share market will gradually enter a good phase, focusing on AI computing power, lithium batteries, non-ferrous metals and other high business prosperity directions. Huaxi stated that the overseas conflict between the US and Iran has been fluctuating, but the VIX has fallen back to pre-war levels, showing that global funds are gradually desensitizing to geopolitical risks, and the pricing focus of A-shares has also shifted towards fundamentals and business prosperity. The domestic fundamentals continue to improve, with first-quarter economic data exceeding expectations, moderate price increases, stabilization in the real estate market, and policies to expand domestic demand, strengthening the basis for profit recovery. Structurally, the technology growth direction benefits from high business prosperity validation and fund cluster resonance, and it is recommended to layout around high business prosperity directions in the first quarter. Founder: With the completion of earnings disclosure, the money-making effect is expected to gradually spread from clustering, focusing on the AI computing power industry chain. Founder stated that although the Middle East situation has been fluctuating, its impact on the market is diminishing, leading to expectations of easing trade conflicts. Both domestic and foreign markets are experiencing continuous rebound and recovery. The current period is the earnings disclosure period, with the money-making effect mainly concentrated in high business prosperity directions such as computing power hardware, with outstanding performance from leading stocks with impressive earnings. With the earnings disclosure period coming to an end, the stalemate is also expected to rotate actively, and the money-making effect is expected to gradually spread from clustering to mid to low-level stocks. Buy low on overseas computing power chains with higher business prosperity, and pay attention to AI applications, commercial aerospace, domestic computing power, semiconductors and other directions for oversold rebounds, and be flexible in response to the rhythm. Zhongtai: Geopolitical risks cooling significantly improve global market risk appetite, focusing on optical modules, power equipment and others. Zhongtai stated that looking ahead to late April, the market will enter a stress test period, requiring close monitoring of global market performance. If financial markets converge towards physical shortages in crude oil and related inflation, as well as economic pressures, oil prices may reverse, leading to a downturn in global technology and risk assets. However, if this situation occurs, it may force Trump to further compromise with Iran, allowing Iran to completely dominate the Strait of Hormuz, which will greatly impact the foundation of the US dollar. In this scenario, gold, Hong Kong stocks, renminbi assets, etc. will become the main focus in the market, and safe assets will significantly outperform risky assets.