The A-share market once again demonstrated a strong momentum today. The Shanghai Composite Index surged to a high of 4121 points during the trading session, and although it pulled back slightly at the end, the trading volume in just the first two hours of the morning soared to 2.06 trillion yuan—this figure, when viewed within this time frame, clearly indicates how hot the market activity is. At this pace, surpassing 3 trillion yuan for the entire day or even reaching 3.2 trillion yuan is not a dream. The enthusiasm for the spring market rally has truly been maximized.

Looking at the overnight performance of the US stock market, the three major indices showed clear divergence. The Dow Jones rose by 0.55%, driven by military stocks, reaching a new high—among them, military electronics and drone system companies like Kratos Defense performed the strongest, with gains exceeding 13%, and the leader in military drones, AeroVironment, also rose by over 8%. The military industry sector suddenly became the market focus. In contrast, the Nasdaq was not as smooth; technology heavyweight stocks collectively weakened, ultimately falling by 0.44%, with the decline in storage chip stocks being particularly noticeable, which is the main reason for the pressure on the Nasdaq Composite.

Interestingly, Chinese concept stocks performed countertrend and shined. The Nasdaq China Golden Dragon Index ignored the pullback pressure from US tech stocks and rose by 1.09%. The entire Asia-Pacific stock markets performed well today, with the Nikkei 225 ending two consecutive declines, rising over 1.2% at midday; although the Korean stock market was also dragged down by storage chips, its midday gain remained above 0.5%; the Hong Kong stock market's Hang Seng Index opened sharply higher by 0.47%, but later fluctuated and declined, entering a sideways trend at midday. The Hang Seng Tech Index once touched a high of 0.98% during the session but then returned to calm.

Back to the A-shares, the CSI 500 Index made a remarkable surge today, rising by 1.19%, becoming the real highlight of the morning, while the micro-cap stock index was in correction. Sector-wise, the divergence was particularly obvious— the internet sector ranked fourth in gains, up 2.55%, and the software services sector was not to be outdone, ranking sixth with a 2.05% increase. These best-performing sectors are mostly those that have been the focus of recent attention.

Honestly, this spring rally is in full swing. If the indices surge high and then pull back into a short-term correction, it will be a good "air refueling" opportunity for investors who missed out on this wave earlier, allowing them to reallocate during the adjustment.