On September 10, the market fluctuated and adjusted, and the three major indices closed down for half a day. The big financial sector collectively boosted, and the banking sector bucked the trend and strengthened. Driven by this, the low-dividend ETF Huatai Berry rose 0.33% to 1.215 yuan, with a turnover rate of 1.36% and a half-day turnover of 434 million yuan, ranking first among similar target ETFs. According to the news, data released by the National Bureau of Statistics on September 9 shows that the year-on-year increase in CPI rebounded to 0.8% in August, the year-on-year increase in PPI increased to 3.8%, and both CPI and PPI changed from decline to increase month-on-month. Huatai Securities suggests a combination of offense and defense, using high-quality AI targets as the main line of attack, using high dividends and stable cash flow assets as defensive ballast stones, while continuing to be optimistic about supply-constrained strategic varieties such as electricity, resources, and agricultural products. China Galaxy pointed out that the A-share market is currently in an empty performance window in September, and peripheral disturbances, implementation of domestic policies, and changes in market volume have become the three main clues affecting the subsequent market. Taken together, the September results catalyzed marginal weakening, and the financial side still needs to be observed. The market's sensitivity to peripheral risks, industrial events, and marginal policy changes may further increase. It is recommended to seek structural opportunities with higher policy certainty and economic fulfillment in the midst of fluctuations. Allocation opportunities: Focus on four main lines: the first is technology selection. The mid-term industry trend remains unchanged. The “Six Networks” new infrastructure is superimposed, and the focus is on segments where profits and orders can be verified in the semiconductor, communication equipment, and computing infrastructure industry chains. The second is a dividend base. Market risk appetite still needs to be fixed due to increased peripheral disturbances, and undervalued dividend assets such as finance, utilities, and coal can be used as a portfolio base. The third is the logic of improving supply and demand and increasing prices, including resource products such as petroleum, petrochemicals, coal chemicals, etc., and the agricultural sector where the El Niño phenomenon catalyzes upstream price increases. Fourth, the “six networks” policy chain. Policy funding is being put in place one after another, and the acceleration of project commencement and equipment tendering is expected to lead to an increase in orders, focusing on power grids, energy storage/power facilities, building materials, and construction machinery. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On September 10, the market fluctuated and adjusted, and the three major indices closed down for half a day. The big financial sector collectively boosted, and the banking sector bucked the trend and strengthened. Driven by this, the low-dividend ETF Huatai Berry rose 0.33% to 1.215 yuan, with a turnover rate of 1.36% and a half-day turnover of 434 million yuan, ranking first among similar target ETFs. According to the news, data released by the National Bureau of Statistics on September 9 shows that the year-on-year increase in CPI rebounded to 0.8% in August, the year-on-year increase in PPI increased to 3.8%, and both CPI and PPI changed from decline to increase month-on-month. Huatai Securities suggests a combination of offense and defense, using high-quality AI targets as the main line of attack, using high dividends and stable cash flow assets as defensive ballast stones, while continuing to be optimistic about supply-constrained strategic varieties such as electricity, resources, and agricultural products. China Galaxy pointed out that the A-share market is currently in an empty performance window in September, and peripheral disturbances, implementation of domestic policies, and changes in market volume have become the three main clues affecting the subsequent market. Taken together, the September results catalyzed marginal weakening, and the financial side still needs to be observed. The market's sensitivity to peripheral risks, industrial events, and marginal policy changes may further increase. It is recommended to seek structural opportunities with higher policy certainty and economic fulfillment in the midst of fluctuations. Allocation opportunities: Focus on four main lines: the first is technology selection. The mid-term industry trend remains unchanged. The “Six Networks” new infrastructure is superimposed, and the focus is on segments where profits and orders can be verified in the semiconductor, communication equipment, and computing infrastructure industry chains. The second is a dividend base. Market risk appetite still needs to be fixed due to increased peripheral disturbances, and undervalued dividend assets such as finance, utilities, and coal can be used as a portfolio base. The third is the logic of improving supply and demand and increasing prices, including resource products such as petroleum, petrochemicals, coal chemicals, etc., and the agricultural sector where the El Niño phenomenon catalyzes upstream price increases. Fourth, the “six networks” policy chain. Policy funding is being put in place one after another, and the acceleration of project commencement and equipment tendering is expected to lead to an increase in orders, focusing on power grids, energy storage/power facilities, building materials, and construction machinery. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.