A-shares opening express | The three major stock indexes collectively opened lower, with the semiconductor and storage chip sectors leading the decline.

The three major A-share indexes collectively opened lower, with the Shanghai Composite Index falling by 0.43% and the ChiNext Index falling by 1.01%. In terms of the market, sectors such as semiconductors, storage chips, communication equipment, CPO, and cultured diamonds led the decline. Institutional Views on the Future Market BOC International: As the window for half-year report disclosure approaches, attention will gradually shift from thematic trading to performance verification According to a research report from BOC International, as the window for half-year report disclosure approaches, the market's focus will gradually shift from thematic trading to performance verification, with growth sectors remaining the investment focus. Sectors that can combine economic upturn, order fulfillment, and profit improvement logic will be more favored. BOC International believes that the computing power and semiconductor industry chains in the "double innovation (ChiNext, STAR Market)" still represent the most clear growth trends. The penetration of AI continues to drive infrastructure investment in computing power, with high levels of orders and capital expenditures maintained across multiple segments of the industry chain. Additionally, after a period of adjustment, sectors like lithium batteries and new energy may see profit recovery if overseas demand improves, energy storage increases, and new technologies are adopted by leading companies with cost advantages and global competitiveness. In addition to AI and new energy themes, BOC International believes that the non-ferrous metals, machinery and equipment, and securities sectors are also worth paying attention to. The non-ferrous metal sector continues to benefit from increased demand from ShenZhen New Industries Biomedical Engineering and supply-demand imbalances resulting from global resource supply shocks, while the long-term logic for precious metals remains unchanged. The machinery and equipment sector, especially in sub-sectors like Siasun Robot & Automation, is entering a new cycle of component innovation, and the securities sector is currently trading at historically low valuations. With active market trading, ongoing mergers and acquisitions, and deepening reforms in the capital market, there may be a trading window for expectations to reverse. Orient: Overall performance of non-technology stocks has improved, and there is a high probability that the Shanghai Composite Index will continue to challenge the 4150 level According to Orient, from a technical perspective, the big bullish candle on Monday broke the continuous downtrend channel since May 21. Yesterday, both indicators continued to run outside the channel, indicating that even though specific technology themes still lead the market, the overall performance of non-technology stocks has also improved. Overall, the market continues to stubbornly maintain a pattern of fluctuating rise, with a high probability of the Shanghai Composite Index continuing to challenge the 4150 level. Founder: The market is expected to start trading based on interim reports, focusing on investment opportunities in technology growth and high economic sectors Founder stated that the current technically driven adjustment driven by profit-taking and liquidity concerns may be coming to an end, and after the phase of adjustment, the market is expected to start trading based on interim reports. While the Shanghai Composite Index faces some pressure around 4100 points, the fact that trading volume remains above 3 trillion indicates that the market is not lacking in support, and attention should be paid to investment opportunities in technology growth and high economic sectors.