1、沪深两市8月13日总成交量为2.55万亿，较上一交易日反弹，回到20日均线（2.40万亿）上方。 2、8月13日衡量A股杠杆水平的融资买入额占A股流动市值之比快速回落至7.92%，年内一直围绕着10%波动，但5月以来波动明显加剧。 -------- 注：1、两市成交量反映了各大机构、游资、广大散户对A股看法，高于均线代表总成交量升高，市场情绪偏乐观，低于均线代表总成交量下降，市场情绪降温。 2、2015年以来，A股杠杆水平大部分时候维持在6%-10%，杠杆率超过10%意味着市场活跃度较高，可能接近或者处于牛市。达到15%以上意味着市场有过热风险，需要警惕风险。

Hong Kong stocks closed mixed. The Hang Seng Index fell 0.17% to 25,396.51, while the Hang Seng Tech Index pared an afternoon rally to close up 0.33 at 4,792.39 after briefly rising more than 1%. Market turnover was HKD 263.71 bln (prev. session HKD 216.78 bln). Compute-infrastructure and semiconductor names retreated in the afternoon; tech/internet stocks were mixed and nonferrous metals came under clear pressure. Notable movers: Lenovo Group (00992.HK) jumped 20.18% on results, Cambridge Technology (06166.HK) +6.61%, Shengbang (03661.HK) +9.54%; Tencent Holdings (00700.HK) weakened after earnings, down 4.46% and briefly saw market capitalization dip below HKD 4 tln intraday. Aluminum Corp of China (02600.HK) fell 6.21%.

联想首席执行官：2026年下半年PC需求将受到抑制，但受惠于较高的产品定价，预计营收仍将增加。