Lates News

The research report from CITIC Securities indicates that while the geopolitical impact of the Middle East conflict is significant, its actual impact on Chinese assets is limited. However, the sudden change in risk appetite caused by the Middle East conflict affects the sectors that are at high levels, high trading volume, and high consensus the most. The support for small-cap stocks clustering together is susceptible to cracks, making it easier for these sectors to experience fluctuations. The weakening of small stocks and thematic rotation patterns also signifies a return to the trend of strong industries led by AI. Another clue worth tracking is the continuous and widespread stagnation of policy price signals, which may become a new catalyst but requires patience to wait for. Overall, toning down macro disturbances, returning to industrial trends, and being cautious of small-cap volatility remain the core strategic thinking for the next stage.