A-shares opening express | US stocks cooling down, will A-shares follow suit in falling? The market board "cores" like a knife cut, institutions reassure "the market has not yet peaked"

AI chip stocks fell, inflation data exceeded expectations, the differences between the US and Iran on restarting negotiations became more apparent, and the triple pressure caused the overnight US stock market to cool down, with the chip sector collectively pulling back, and the Japanese and South Korean stock markets opening collectively low today. Some analysts pointed out that there is a phenomenon of "exhaustion of buying interest" in the market, and investors are also concerned that the latest inflation data may have adverse effects on data center spending commitments. Affected by external news, the three major indexes of A shares collectively opened lower today, with the Shenzhen Component Index leading the rise. As of 9:42, the Shanghai Composite Index fell by 0.06%, the Shenzhen Component Index rose by 0.08%, and the Growth Enterprise Market Index fell by 0.02%. In terms of market performance, the green energy concept has been repeatedly strong recently. Guangdong Shaoneng Group has seen two consecutive limit up days, and previously Sinoma Energy Conservation hit the daily limit up, while the fiber optic concept continued to be strong with Shandong Xinneng Taishan Power Generation seeing three consecutive limit up days, and Jiangsu Tongguang Electronic Wire & Cable rose by over 10%. The film and television theater concept surged, with Beijing Jingxi Culture & Tourism hitting the daily limit up, while the glass substrate concept also surged with Caihong Display Devices hitting the limit up and Shenzhen Xinyichang Technology rising by over 10%. Looking ahead, China Securities Co., Ltd. stated that the current market core logic is relatively clear, the market has not yet reached its peak, and it has only transitioned from a one-sided rise to a consolidation momentum stage. Adequate intra-market liquidity has not shown any signs of tightening, and the big logic of policy support and industrial upgrading remains solid. There is no basis for a deep market correction. The current consolidation is more of a cleansing of speculative positions and a healthy adjustment through sector rotation. Funds are shifting from previously overheated high-profile topics to those with performance support and reasonable valuations in low positions, preparing for a potential rally. On the operational level, it is not advisable to be overly pessimistic or panicky, and it is important to avoid chasing highs blindly. It is recommended to maintain a balanced moderate position, wait patiently for market corrections to enter core themes. Focus on technology growth sectors with industrial logic, while also allocating to stable sectors with low valuations for hedging. Avoid purely speculative plays or chasing after high-flying stocks without fundamental support. The market is likely to continue its consolidation trend in the future, focusing on structural opportunities and core themes, which is the most prudent investment strategy at the moment. Popular sectors: 1. The green energy concept is repeatedly strong. 2. The fiber optic concept continues to be strong. Institutional views: - China Securities Co., Ltd.: The current market core logic is clear, and the market has not yet peaked. - CMSC: Clear trend of domestic storage expansion, the rate of domestication is on the rise. - Huatai: AI driving machine tools, industrial control, etc., cyclical prosperity improvement. This article is a reprint from Tencent's stock selection. Editor: Jiang Yuanhua.