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Macro US Stocks

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

China’s A-share market continued its consolidation last week, pressured by Middle East geopolitical tensions and rising 10-year U.S. Treasury yields, which weighed on tech stocks. Brokerage outlook reports say overseas systemic risks are manageable, but U.S. bond yield volatility and rate-hike expectations may cause short-term fluctuations. With half-year earnings confirming sustained profit growth and tech crowding easing, downside is limited, and mid-to-late September could be a key window for a rebound.

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