A-share market quick news: ChiNext Index rose by 0.16%, with active performance in oil and gas, retail, brain-computer interface and other sectors.

On July 14th, the three major A-share stock indexes opened with mixed movements, with the Shanghai Composite Index falling by 0.12% and the ChiNext Index rising by 0.16%. On the market, sectors such as oil and gas, retail, and brain-machine interface were active, while precious metals, traditional Chinese medicine, and pork sectors led the decline. Institutional Views on the Future Market: Sinolink: Global financialization expansion process is being hindered, suggests proactive defense Sinolink believes that the deleveraging effect on the trading end is the direct cause of the market's significant decline. The global financialization expansion process is being hindered, and volatility within the stock market is being magnified. Objectively speaking, the sequence of possible future events may include: the peak of AI-related investment chain stock prices - fundamental peak - global real interest rate suppression released - non-AI sector fundamental recovery. Therefore, the market does not support direct effective high and low switching. However, this should not be used as an excuse to blindly invest in strong assets. For institutional investors who must remain in the market, we suggest proactive defense. Recommended allocation as follows: First, energy prices are gradually determined at low levels, benefiting from the flow of China's manufacturing (coal + electricity) is a better absolute return combination, and the oil and petrochemical sector is experiencing valuation recovery; Second, controlling positions and increasing sharpness in the technology sector is the primary strategy. Semiconductor/AI materials, semiconductor equipment, and manufacturing are important ways to invest in "inflation" and effective defense in the first half of the "stagnation" period; Third, emerging markets and Chinese manufacturing are still in a period of high real interest rate suppression, considering left-hand layout, focusing on industrial metals, engineering machinery, power grid equipment, refining, and other directions. Orient: The stock index downward channel has formed, and it is still in the process of exploration Orient stated that from a technical perspective, the stock index downward channel has formed, and it is still in the process of exploration. Important IPO events this week may further increase market volatility. From a weekly perspective, the Shanghai Composite Index is still operating within the upward channel since 9/24, with short-term support around the 60-week line near 3880 points. From the allocation perspective, the current market is still significantly affected by external uncertainties. The main strategy is to find structural highlights through mid-term reports. In addition, technology hardware, especially semiconductor equipment and materials that benefit from the AI boom and overseas demand, are worth participating in gradually during this decline. Founder: Uncertainty still exists in the short term, patiently waiting for the release of panic sentiment and clarification of performance for layout opportunities Founder believes that the market's drastic adjustment is essentially a concentrated release triggered by external events and compounded by internal structural pressure. Uncertainty still exists in the short term, so patiently waiting for the release of panic sentiment and clarification of performance for layout opportunities is advised. Market sentiment is low, and high-low switching has not yet been achieved. In terms of sectors, investors should continue to pay close attention to opportunities in the pharmaceutical, chemical, financial securities, aerospace military, Siasun Robot & Automation, and Huawei chain sectors. This article is reproduced from "Tencent Stock Selection", GMTEight Editor: Xu Wenqiang.