A-share opening express | The three major stock indexes opened with mixed gains and losses: the ChiNext Index rose by 1.68%, with active trading in sectors such as agriculture and semiconductors

Three major A-share stock indices opened with mixed gains and losses, with the Shanghai Composite Index down 0.07% and the Growth Enterprise Market up 1.68%. On the market, sectors such as agriculture, semiconductors, securities, and medical equipment were active. Institutional Views on the Future Market: Huaan: Emotional sell-off declines are not sustainable, focusing on stagnant growth, undervaluation, and potential catalytic directions. Huaan pointed out that the decline in the A-share market on Monday was accompanied by obvious emotional release, with the decline basically matching the overall decline in foreign markets after the announcement of equal tariffs. Therefore, the pessimistic sentiment in the market on Monday has been largely released. Stable market measures are already in place, and export hedge policies are expected to be accelerated, so there is no need to be pessimistic about the current position of A-shares. In terms of direction, it is suggested to continue looking for opportunities in the direction of "stagnant growth, undervaluation, and potential catalytic factors". EB SECURITIES: Huimin's increase in ETF holdings demonstrates the determination to maintain the stability of the capital market, highlighting the long-term value of A-share allocation. EB SECURITIES stated that Huimin's move, at a critical time when the A-share market is facing external tariffs policy disturbances, fully demonstrates the regulator's determination to maintain the stable operation of the capital market, highlights the long-term value of A-share allocation, and also demonstrates the determination of policy guidance to attract long-term funds into the market. Orient: The probability of stock index bottoming out is high, but the downside space is limited, with strong support near 3000 points for the Shanghai Composite Index. Orient stated that generally, when panic sentiment prevails in the market, stock ETFs will exhibit characteristics of being a "contrarian indicator", with super funds buying more as the ETFs fall, which is beneficial for market sentiment repair and short-term risk preference improvement. Considering the potential bullish factors at the policy level, the downside space is limited and there is strong support near the 3000-point level for the Shanghai Composite Index in the short term.