Dongwu Securities: The weak dollar cycle drives the overflow of global Liquidity, and there is a large space for incremental funds to get on board in the A-shares.

Jin10 Data reported on June 8 that Dongwu Securities released a research report stating that since 2025, the market has shown two significant rising trends. In the new round of market, the rotation characteristics of zones may be similar to the “East rises and West falls” trading. On the volume level, the central volume of the entire A-share market is expected to recover to over 1.5 trillion, breaking the current state of stock game: the weak dollar cycle encourages global liquidity overflow, combined with the return of leveraged funds after the market’s risk appetite increases—currently, the financing balance has not yet restored to the level before the tariff impact with the index repair, providing ample room for new funds to get on board. In terms of zone performance, grasping the main line will be key to obtaining excess returns. Currently, some themes are already overvalued, and after the switch of funds between high and low, a retreat phenomenon has appeared. Meanwhile, the AI direction that has undergone a phase adjustment, benefiting from the iteration of large model algorithms, upgrades in Computing Power infrastructure, and the acceleration of application scenarios, has strong certainty in industrial development and may become the main line in a rising market.