Three major indices rose and then fell, and the A-share trading volume once again surpassed 3 trillion yuan.

On September 18, the A-share market rose and then fell back down, with all three major indexes dropping by more than 1%, and the ChiNext index experiencing an intraday volatility of nearly 4%. The turnover of the A-share market reached 3.17 trillion yuan, breaking through the 3 trillion yuan mark for the first time in 15 trading days since August 28. Several interviewed analysts stated that the Federal Reserve's decision to resume cutting interest rates not only boosts global risk appetite but also significantly improves the liquidity expectations of emerging markets. It is expected that the A-share and Hong Kong stock markets will benefit from the restoration of risk appetite and the inflow of foreign capital. In terms of structural opportunities, sectors such as technology growth, low volatility dividends, and some sectors with improving business conditions are worth paying attention to. In the fourth quarter, the market may exhibit a trend of oscillating uptrend supported by both "policy drive + profit improvement."