Due to factors such as the escalation of the US-Iran conflict and the continued rise in US bond yields, there has recently been a marked adjustment in the international capital market. On September 1, local time, the three major US stock indices were under pressure. The NASDAQ closed down 1.03%, and the Philadelphia Semiconductor Index fell more than 3% intraday; on September 2, the Asian market was also affected. The Korea Composite Index and Nikkei 225 Index fell 3.99% and 2.85% respectively. In contrast, the A-share market has shown strong resilience. By the close of trading on September 2, the Shanghai Composite Index had fallen 0.97%, which was significantly lower than that of the Japanese and South Korean markets. Although the Science and Technology Innovation Board and GEM have been adjusted, the overall fluctuation is still within a reasonable range. The reporter interviewed many market participants and learned that US bond yields mainly affect equity assets through capital flows, valuation adjustments, and market sentiment. The actual impact of the current rise in US bond yields on A-shares is limited, and investors should avoid emotional miscarriages caused by short-term disturbances.

Due to factors such as the escalation of the US-Iran conflict and the continued rise in US bond yields, there has recently been a marked adjustment in the international capital market. On September 1, local time, the three major US stock indices were under pressure. The NASDAQ closed down 1.03%, and the Philadelphia Semiconductor Index fell more than 3% intraday; on September 2, the Asian market was also affected. The Korea Composite Index and Nikkei 225 Index fell 3.99% and 2.85% respectively. In contrast, the A-share market has shown strong resilience. By the close of trading on September 2, the Shanghai Composite Index had fallen 0.97%, which was significantly lower than that of the Japanese and South Korean markets. Although the Science and Technology Innovation Board and GEM have been adjusted, the overall fluctuation is still within a reasonable range. The reporter interviewed many market participants and learned that US bond yields mainly affect equity assets through capital flows, valuation adjustments, and market sentiment. The actual impact of the current rise in US bond yields on A-shares is limited, and investors should avoid emotional miscarriages caused by short-term disturbances.