Huatai Securities A-Share Strategy: Focus on Sectors with Accelerating Q3 Earnings

36Kr reports that Huatai Securities' A-share strategy notes that increased volume in broad-based ETFs provides a floor for low-level indices, but historically such surges may signal a left-side opportunity; the firm advises a defensive stance and suggests looking for sectors with accelerating quarterly earnings in Q3 filings. Last week, A-shares dipped before stabilizing with overall reduced volume, led by declines in AI hardware. The pullback in the AI chain is a global phenomenon, raising questions about AI performance elasticity and financing sustainability; risk-off sentiment remains strong, while food & beverage and banking sectors rose against the trend. Although Q3 disclosures are still early, the market prices individual stocks with accelerating quarterly earnings positively, offering short-term trading clues. For allocation, maintain low-volatility dividend stocks as a defensive base; within the AI chain, focus on PCB segments, optical components, and semiconductor equipment firms; outside the AI chain, look at general and specialized equipment, wind power and grid equipment, shipping, fiberglass and chemical fibers, and medical services sectors.