A-share consolidation nearing end; brokers see rebound in mid-to-late Sept

This signals a cautious but constructive read on A-share sentiment, where external macro shocks are seen as transient rather than structural. The key takeaway is the pivot to domestic fundamentals—earnings growth and reduced tech positioning—as the buffer against global volatility. For market watchers, the immediate focus shifts to whether U.S. yield movements stabilize enough to allow the September window to materialize, and if sector rotation away from crowded tech trades gains traction. The broker consensus implies a tactical opportunity, but the timing hinges on external conditions remaining contained.