Today's A-share market shows an interesting divergence. While major funds are heavily retreating from large-cap blue chips, with a net sell-off of 53.6 billion, they are simultaneously holding firm in emerging sectors and military concepts. This style contrast is becoming more pronounced compared to yesterday's trend.

The selling pressure on large-cap sectors is quite concentrated. Technology stocks, resource stocks, and financial stocks have become the main targets for major reductions. Zhongji Xuchuang's net sell is 3.2 billion in a single day, down 3.90%; Lixun Precision's net sell is 2.14 billion, down 4.15%; Industrial Fuxin's net sell is 2.03 billion, down 2.88%. Leading insurance company Ping An also couldn't escape, with a net sell of 1.78 billion, down 4.18%. From brokerages to wealth management, Dongfang Caifu net sold 1.62 billion, CITIC Securities net sold 1.45 billion, and the entire financial technology chain is being liquidated. With this combination of actions, downward pressure on the index is inevitable.

But the scene is completely different on the other side. Capital enthusiasm for commercial aerospace and military industries is at a different temperature. Aerospace electronics net bought 1.62 billion and hit the daily limit, while Aerospace Science and Technology net bought 906 million, also hitting the daily limit. These two main players in commercial aerospace are actively buying together. In the military sector, Hailanxin's net purchase is 880 million, hitting the daily limit; Inner Mongolia First Machinery Group's net buy is 803 million, hitting the daily limit; China Shipbuilding Industry's net buy is 767 million, up 4.09%. New concepts like brain-machine interfaces, controlled nuclear fusion, and AI applications are also being heavily accumulated by funds, with Shunhao Shares and Qianzhao Optoelectronics both hitting the daily limit after net buying.

It is worth noting that this wave of decline may continue. The high-level adjustment of large-cap blue chips combined with ongoing retreat by major funds suggests that defensive awareness should be heightened in the short term. Meanwhile, internal rotation is also fierce, with prominent phenomena of high and low cuts within the same sector, indicating that the market is not simply rising or falling across the board.