千里寻椰 光子嫩肤二度烧伤

兴证策略：外资也加入拥抱高景气的统一战线_蜘蛛资讯网

以军被指击中伊朗直升机涂鸦

大幅调仓，显著增配电池、通信设备、元件等高景气板块，进一步验证此前我们对于“拥抱景气的统一战线正在建立”的观点。　　外资过去配置a股呈现三个方面特征：　　首先，在总量上逢高减仓止盈，结构上轮动调仓加快。924市场底反转以来，外资趋势减持放缓，进入双向波动阶段，但在市场快速上涨后往往减仓止盈，在24Q4与25Q3期间分别减持约1400亿元与700亿元。与此同时，外资在结构上的轮动调仓也明显加快，20

约10%将用于集团的营运资金需求及一般公司用途。责任编辑：卢昱君

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