Last week, the trend of the three major A-share indices diverged. The performance of the Shanghai Composite Index was relatively steady, while under the influence of the correction in the technology manufacturing sector, the performance of the GEM index was relatively weak. The brokerage strategy outlook report shows that with the end of the last “Super Central Bank Week” in 2025, a series of key events suppressing domestic and foreign capital risk appetite have come to an end, and the external environment facing A-shares is stabilizing. The current market shock consolidation is close to the phased bottom range. This may be a good time to lay out the key market window for the first half of next year, especially before the Spring Festival. Judging from recent market performance, incremental capital has already been used to increase A-share positions through broad-based ETFs, and subsequent investors can actively plan the “spring agitation” market.

Last week, the trend of the three major A-share indices diverged. The performance of the Shanghai Composite Index was relatively steady, while under the influence of the correction in the technology manufacturing sector, the performance of the GEM index was relatively weak. The brokerage strategy outlook report shows that with the end of the last “Super Central Bank Week” in 2025, a series of key events suppressing domestic and foreign capital risk appetite have come to an end, and the external environment facing A-shares is stabilizing. The current market shock consolidation is close to the phased bottom range. This may be a good time to lay out the key market window for the first half of next year, especially before the Spring Festival. Judging from recent market performance, incremental capital has already been used to increase A-share positions through broad-based ETFs, and subsequent investors can actively plan the “spring agitation” market.