Qifan Cable on Aug 24 reported 1H revenue of 12.144 bln yuan, up 19.46% YoY; net profit attributable to parent company shareholders 196 mln yuan, up 20.02% YoY; basic EPS 0.48 yuan.

CSC Financial says A-share margin financing and ETF flows are offsetting; deleveraging remains incomplete but volatility is narrowing. Earlier bottom-fishing funds facing losses may cap the slope of any rebound. 10-year UST around 4.7% reflects both implied inflation and AI-driven debt issuance lifting the long end. The US Treasury’s stepped-up buyback/repo activity signals policy reluctance to let tighter financial conditions hurt AI investment and the broader economy, leaving rate pressure on equities relatively contained. Strategically, rebounds have visible floors and ceilings: policy backstops are clear but fresh incremental funding has not coalesced, so market action is characterized by stock-level, not index-wide, rotation; a sustained index breakout will require stronger catalysts. Tactical allocation should balance cyclical and defensive exposures while awaiting a tech-sector clearing. Sector focus: AI (upstream materials/equipment, domestic compute), innovative drugs, nonferrous metals, machinery, new energy, and dividend plays.

The Russian Defence Ministry said on the evening of the 23rd that between 08:00 and 20:00 Moscow time its air-defence forces intercepted and shot down 269 Ukrainian drones across Arkhangelsk, Belgorod and Bryansk oblasts and the Moscow region.