China Merchants Securities believes that the Federal Reserve's 0.25% interest rate hike and hawkish stance have reduced short-term macro variable games and the market is returning to industrial pricing. The weak overall economic data for August in China has been fully priced, and the structural prosperity is concentrated in technology and exports. With the lifting of macro suppression, technology weighted sectors supported by performance are expected to see a rebound, and the market is entering a turning point.
