Today, the A-shares market showcased a classic style rotation drama—blue-chip large caps collectively faced cold reception, while emerging technology sectors surged ahead.

The main capital flow was very straightforward: a net sell of 53.6 billion yuan in a single day, all concentrated in familiar names. The technology, resources, and financial sectors were the primary targets, becoming the hardest hit areas for "deleveraging" by major funds. Among them, Zhongji Xuchuang led with a net sell of 3.2 billion, Luxshare Precision followed with 2.14 billion, and Industrial Fuxin was also dumped by 2.03 billion. The stock prices of several heavyweight leaders dropped accordingly, with declines exceeding 3%. The insurance sector's Ping An Insurance was net sold by 1.78 billion, falling 4.18%; in the brokerage camp, CITIC Securities and Eastmoney experienced net outflows of 1.62 billion and 1.45 billion respectively, with their stock prices also dipping.

But this isn't simply a market decline; it's a precise reallocation of funds—major players are aggressively buying in another direction. Emerging themes such as commercial aerospace, military industry, aerospace electronics, brain-computer interfaces, and AI applications have become the focal points for capital. Aerospace electronics saw a net buy of 1.62 billion and hit the daily limit, while Aerospace Science and Technology net bought 906 million and also hit the limit, with military industry giants like Hailanxin, Inner Mongolia First Machinery, and China Shipbuilding Corporation soaring with momentum. Shunhao Holdings hit the daily limit with a net buy of 721 million under the commercial aerospace theme. Frontier fields like controlled nuclear fusion and brain-computer interfaces also stayed active, with Yan Shan Technology soaring 20% in a single day.

From the index performance, it’s clear that large caps are weak while individual stocks are strong—this indicates that the decline in blue-chip weights did not drag down the overall market, but rather, the rotation into emerging sectors injected new vitality. However, risk warnings are also crucial: when funds withdraw from concentrated large caps, there is a need to guard against the risk of high-level rotation and decline.

The overall operational logic is now clear: major funds are shifting from traditional sectors like finance, consumer electronics, and general chips—these "mature tracks"—to "hard technology" fields such as commercial aerospace, military industry, and AI. This reflects a market re-pricing of growth expectations and is a vote of confidence in future prosperity.

It’s important to note that this phenomenon of group behavior also shows internal differentiation—strong sectors are also experiencing internal segmentation, and participants need to discern which moves are driven by fundamentals and which are merely short-term emotional hype.