芯片股被抛，从股市逃出来的钱进了美债，这在今年并不常见，为何这次美债能接到了避险资金？把它推上去的不是通胀降温，而是另一件让市场措手不及的事，点击查看详细拆解>>

美国总统特朗普：我们可能会很快结束伊朗战争。

Guan Tao, chief economist at Huafu Securities, said recent domestic market weakness reflects sentiment volatility after rising geopolitical tensions and widening divergence in overseas tech stocks, but key market drivers remain intact. He listed four market-positive points: China’s long-term favorable economic fundamentals are unchanged; the certainty of stronger, more effective policy support remains; innovation momentum is gradually releasing; and valuation advantages in Chinese assets remain to be exploited. Under dual forces of market demand and policy guidance, China’s growth is shifting toward higher quality and structural upgrade. Investors should treat recent volatility rationally, focus on earnings-recovery stories, and remain cautiously optimistic on medium-to-long-term market prospects. Guan added that deepening capital-market financing and investment reform is two-way: authorities must strengthen institutional support for long-term capital and investors must adopt long-term, value-driven, rational investment habits. The current episode is a litmus test for the market’s ability to move away from momentum trading toward greater maturity.