8月国际市场大幅波动,虽对A股情绪的波及效应呈现弱化趋势,但A股情绪总体仍谨慎。9月政策基调可能仍以观察为主,以“预期管理+政策优化”为主要方式,弹性恢复依然有限,因此,大盘维持震荡筑底的可能性较大。 In August, the sharp fluctuations in the international market, although the ripple effect on the A-share sentiment showed a weakening trend, but the overall sentiment on the A shares remained cautious. In September, the policy tone may still be mainly observation. With “anticipation management + policy optimization” as the main method, flexibility recovery is still limited. Therefore, the broader market is more likely to sustain shocks and bottoming.