A-share Pre-Market Report | Escalation of US-Iran Conflict Causes Oil Prices to Surge 5%! Gold Plummets, Global Bond Market Faces Selling Storm

Pre-market News 1. The escalation of the U.S.-Iran conflict leads to a 5% surge in oil prices and a drop in gold. U.S. stocks and bonds face significant declines, with semiconductor and software sectors hit hard. Type: Market Sentiment Impact: Negative The U.S. has launched a new round of airstrikes against Iran, prompting Iran to announce retaliation against U.S. bases in the Middle East. Oil prices spiked, reigniting inflation expectations. Rising oil prices pushed long-term U.S. Treasury yields higher, which put downward pressure on U.S. stock valuations, while gold and Bitcoin also fell alongside rising yields. WTI crude oil rose by 5.2%, while Brent increased by 4.6%. The semiconductor and software sectors experienced sharp declines, with NVIDIA falling 1.51%. 2. A sudden "black swan" event causes a global bond market sell-off storm. What happened? Type: Market Sentiment Impact: Negative The "bond market sell-off storm" has returned. On September 1, the government bond markets in the U.S., U.K., Japan, and Australia faced intense selling. Notably, the yield on the U.K.'s 30-year government bonds rose to 5.904% at one point during the day, the highest level since March 1998. The catalyst was Fed Chair Wallers speech last week, which was more hawkish than expected, significantly raising the odds of a rate hike by the Fed in September. Additionally, rising oil prices intensified concerns about global structural inflation. 3. The third stock priced above 100 this year has arrived. Suiruan Technology is launching its subscription today, with potential gains exceeding 280,000 RMB for a single allocation. Type: Company Sentiment Impact: Positive Suiruan Technology, one of the "four domestic GPU dragons," will start its subscription today, with sign-up returns becoming a focus for investors. If we roughly estimate based on a 400% increase on its first day of listing, the gain for investors with one allocation could exceed 280,000 RMB. Based on its issuance price, Suiruan Technology ranks first among the "four domestic GPU dragons." Analysts suggest that the gathering of all four dragons in the capital market indicates that the industry is entering a performance realization phase. 4. Is the bubble about to burst? Multiple stocks with six and seven consecutive trading limit-ups issue warnings, while several hot stocks urgently "advised against" investment late at night. Type: Company Sentiment Impact: Negative On the evening of September 1, several high-performing stocks warned of risks. The six-consecutive-limit-up stock Wanxiang Doneed announced on the Shanghai Stock Exchange that its stock price has risen sharply in a short period, significantly detaching from fundamentals and reasonable valuation ranges, posing a risk of bubble collapse and rapid decline. The seven-consecutive-limit-up stock Guangzhou Seagull Kitchen And Bath Products issued an announcement highlighting the risk of significant declines following substantial short-term price increases. Stocks such as Zhejiang Yiming Food and Time Publishing And Media also issued risk warnings. Investment Calendar Data Center Conference Investment Tips The longer the market transitions from a trending state to a sideways state, the less important the previous trend becomes. [UK] Tom Hogard: Only those who understand how to lose can become winners. Institutional Views 1. Founder: Investors with light positions should enter the market, recommending not exceeding a 50% position, and focusing on gradual entry at lower price points. 2. China Galaxy: Domestic policy expectations are likely to support the market central tendency, while external risks may still disturb short-term risk appetite. 3. EB SECURITIES: Volatility in U.S. Treasuries and adjustments in AI industry expectations pose upward constraints, as the market maintains a strong oscillating pattern. Prospective Favorable and Unfavorable Factors 1. The worlds first AI intelligent phone, Dou Bao Phone, is set to launch in September. Type: Institutional Hot Comment Guotai Haitong: In the future, the Dou Bao large model is expected to be deeply integrated into smartphones, essentially attempting penetration at the operating system level. It is anticipated that the Dou Bao phone will provide capabilities beyond dialogue, such as image generation, directly accessible from the phones system album. 2. Dell shares surged over 11% after hours as it raised its annual guidance above expectations, with record AI server orders. Type: Market Discussion Zheshang: The performance results from Dell and Lenovo jointly confirm that the demand for AI infrastructure is spreading beyond AI servers to traditional servers, storage, networking, and rack-level delivery capabilities. AI server orders and backlogs provide significant visibility for performance. 3. Some steel mills accept four rounds of price increases for coking coal, with low-sulfur premium coking coal in Lvliang rising to 2,800 RMB/ton. Type: Market Discussion Sinolink: In the short term, attention is focused on a new round of restocking around September that will drive upward demand for coal. In the long term, we are optimistic about the price center of thermal coal rising, bringing a double impact on EPS and valuations, and we are watching for structural market opportunities arising from differing expectations. Announcement Dispatch Positive Announcements 1. Hangxiao Steel Structure: Signed a contract for an overseas project worth 1.128 billion RMB. 2. Zhongji Innolight: Conducted its first buyback of 374,100 shares, with a payment amount of 318 million RMB. 3. GigaDevice Semiconductor Inc.: Has repurchased a total of 1.6623 million shares for 654 million RMB. Negative Announcements 1. Verisilicon Microelectronics (Shanghai) Co., Ltd.: The big fund reduced its shares by 494,700 shares on August 31 and is no longer a shareholder with more than 5%. 2. Raisecom Technology: Two directors were sentenced to prison and fined for illegally disclosing important information. 3. KTK Group Co., Ltd.: Shareholder China Railway plans to reduce its holdings by no more than 3%. Overseas Markets The self-selected stocks remind: The U.S.-Iran exchanges escalate into the night, leading to declines across the three major indices. Cryptocurrency-related stocks and the optical communications sector fell collectively, while the pharmaceutical sector led gains, with Moderna rising nearly 10%. Dell raised its annual earnings guidance for the fifth consecutive quarter, with the stock price initially surging over 10% after hours. The Nasdaq Golden Dragon Index fell by 0.34%. This article is reproduced from "Tencent Self-Selected Stocks," edited by GMTEight: Chen Siyu.