Overview: ① After experiencing a large drop yesterday, whether it can halt the decline in time today is of significant importance to market confidence; ② There is an intensifying internal divergence in the large finance sector. Although it is highly likely that it will not immediately go public, the profit-making effect may further concentrate towards the leading companies; ③ In yesterday's general market decline, the semiconductor sector showed a relative counter-trend. Focus on leading companies and emerging strong speculative opportunities; ④ After-market data showed a bullish direction with the release of opinions by the State Council, it is expected that today, speculation or strengthening in the cni data factor index concept may occur, providing opportunities for subsequent general rises in the lagging sector.

Yesterday, the market experienced a significant adjustment for the first time in this round of market trends, with the Chinext price index plunging more than 10%, and over 3000 stocks falling more than 9%. Although the decline was quite intense yesterday, the upward structure has not been completely destroyed. Essentially, it is a concentrated realization of profits after continuous sharp increases. Therefore, today's trend is crucial. If it can halt the decline and stabilize in time, there is still an expectation of recovery. Conversely, if the downtrend continues, under intensified pessimism, the selling pressure of disappointment may increase further.

Looking back at the market, the internal divisions within the large finance sector intensified yesterday, with the core symbols still showing some support. Tianfeng Securities continued its limit up streak, while East Money Information and Citic Securities, although retraced from highs, still closed in the positive. However, mid to lower-tier stocks faced collective fund outflows, with over 30 brokerage stocks hitting the limit down yesterday's closing. Against the backdrop of previous deep fund interventions, there may still be ongoing active opportunities within the securities sector. However, it may enter a phase of differentiation in the future, with the profit-making effect possibly further concentrating towards the leading companies rather than a general rise in the sector. Therefore, as the financial market enters the latter stage, it is necessary to be more selective in stock picking. In addition, on the news front, last night, GTJA and Haitong Securities both disclosed major asset restructuring plans, expected to resume trading today. It is also worth paying attention to whether there will be positive feedback for the securities and finance sector.

On the other hand, in yesterday's general market decline, the semiconductor sector remained relatively counter-trend. The leading company, Semiconductor Manufacturing International Corporation, hit a new high in over four years, even triggering a limit up at one point during the trading day. Therefore, with Semiconductor Manufacturing International Corporation successfully breaking the sector's high, this round of semiconductor trends is still expected to continue. However, similar to large finance, after continuous days of general rise, internal differentiation within the semiconductor industry chain may increase. Against this backdrop, it is advisable to continuously track the most core leading companies while also paying attention to emerging speculative opportunities.

After-market yesterday, there was further bullish news in the cni data factor index direction. The State Council issued opinions on accelerating the development and utilization of public data resources. By 2025, the preliminary establishment of rules and regulations for the development and utilization of public data resources, a significant increase in the scale and quality of resource supply, continuous enrichment of data products and services, significant achievements in the development and utilization of public data resources in key industries and regions, cultivation of a batch of data element-based enterprises, and the initial manifestation of the role of public data resources elements. Therefore, influenced by this catalyst, speculation or strengthening in the cni data factor index concept is expected today. It is still possible to find some opportunities for lagging rises within this.

Overall, after experiencing yesterday's adjustment, the trend of general rises in the market may come to an end, leading to structural differentiation. Therefore, the strategy going forward is to focus on the strong and drop the weak, focusing on the leading mainstream direction of the market.