創業板指午後漲超2%，深證成指漲1.05%，滬指漲0.22%，科創50指數漲近5%，存儲芯片、先進封裝、光刻機板塊漲幅居前。

1、滬深兩市7月8日總成交量連續四日縮量，進一步降至2.56萬億，爲繼續保持在20日均線3.19萬億下方，情緒繼續降溫。 2、7月8日衡量A股槓桿水平的融資買入額佔A股流動市值之比降至8.92%，爲6月12日以來最低，接近過去一年波動區間下限，暗示風險偏好下降。 -------- 注：1、兩市成交量反映了各大機構、遊資、廣大散戶對A股看法，高於均線代表總成交量升高，市場情緒偏樂觀，低於均線代表總成交量下降，市場情緒降溫。 2、2015年以來，A股槓桿水平大部分時候維持在6%-10%，槓桿率超過10%意味着市場活躍度較高，可能接近或者處於牛市。達到15%以上意味着市場有過熱風險，需要警惕風險。

China Index Academy said the property market remains in a bottoming phase and recovery will continue to be uneven. Looking to H2, second‑hand markets in core cities are likely to retain some activity; ongoing transaction improvement and stabilizing listings should further narrow price declines and strengthen price‑stability in some cities. For new homes, a low year‑earlier base in 2025 should help narrow national new‑home sales’ YoY declines in H2, but full market repair will take time. Continued launches of higher‑quality projects in core cities and supportive measures such as housing provident fund policies will provide some support; however, supply is likely to remain constrained under policies aimed at limiting new additions and reducing inventories, so recovery is expected to be structural and led by quality supply. On construction and investment, developer cash‑flow pressure and sales‑driven investment strategies mean new starts and real estate development investment are expected to remain at low levels.