As of 14:18 on April 10, 2025, the Shanghai Composite 180 Index (000010) rose 0.76%, the constituent stocks Industrial Fortune Union (601138) rose 9.98%, CMOC (603993) rose 7.32%, Tuopu Group (601689) rose 6.52%, Commodity City (600415) rose 6.43%, and Baofeng Energy (600989) rose 6.25%.

The Shanghai Composite 180 ETF Index (510040) rose 1.05%, hitting three consecutive gains.

The West China strategy team believes that in the face of the unfavorable external environment, the current domestic hedging reserve policy tools are more sufficient, of which monetary easing is expected to take the lead, fiscal expansion, boosting domestic consumption, maternity and pension subsidies, stabilizing real estate and other aspects of policy space is still large, and China's economy is expected to continue to enhance endogenous momentum in the transformation.

In the short term, A-shares have quickly priced in the fundamental impact expectations brought about by tariffs in 1-2 trading days, and the resilience of the market will gradually emerge after investors' pessimism is concentrated and vented. Recently, the central bank, the State Administration of Financial Supervision and the Central Huijin Company have concentrated on the introduction of measures to stabilize the market, and at the same time, Huijin Company, social security funds and other "real money" have entered the market to increase their holdings of A-shares, reflecting the determination of the policy to "prevent risks and stabilize the capital market", which is conducive to stabilizing market risk appetite, and A-shares have strong support in the current position.

The SSE 180 ETF Index (510040) closely tracks the SSE 180 Index, which selects 180 securities with large market capitalization and good liquidity from the Shanghai Stock Exchange as a sample to reflect the overall performance of the securities of core listed companies in the Shanghai securities market.

According to the data, as of March 31, 2025, the top ten weighted stocks of the Shanghai Stock Exchange 180 Index (000010) are Kweichow Moutai (600519), Ping An of China (601318), Zijin Mining (601899), China Merchants Bank (600036), Hengrui Pharmaceutical (600276), Yangtze Power (600900), WuXi AppTec (603259), SMIC (688981), Beijing-Shanghai High-speed Railway (601816), and Industrial Bank (601166), the top 10 weighted stocks accounted for 25.09% of the total.

SSE 180 ETF Index (510040), OTC A: 023199; Join C: 023200).