Zhao Shang Securities: The market adjustment has basically come to an end, and a build-up for an upward push is about to begin.

Zhongshan Securities stated that for the market in August, they believe that the A-share market is still in the third stage of upward movement driven by profits. The performance-driven high growth trend represented by technology will complete the verification from narrative to financial reports and from valuation to profits. Recently, the significant adjustments in the technology sector are a typical liquidity shock. With support from policies, industry trends, and micro liquidity, the adjustments have essentially come to an end, and the market is set to embark on an upward momentum. In terms of directional choices, it is recommended to pay close attention to the recovery of the technology sector as well as the high growth performance in new energy and resource products.