On August 22, the market fluctuated throughout the day, with the Shanghai Composite Index surpassing 3800 points, and the Sci-Tech Innovation 50 Index rising over 8%, reaching a more than three-year high. By the close, the Shanghai Composite Index rose by 1.45%, the Shenzhen Component Index by 2.07%, and the ChiNext Index by 3.36%.

In terms of sectors, semiconductor, CPO, securities, and computing power sectors led the gains, while gas, steel, banking, and dairy sectors saw the largest declines.

Most individual stocks rose rather than fell, with over 2800 stocks increasing across the market. The total trading volume in the Shanghai and Shenzhen markets reached 2.55 trillion yuan, an increase of 122.7 billion from the previous trading day.

Despite nearly half of the stocks closing lower, today's performance of A-shares was quite impressive, even leaving some investors feeling 'dizzy'—perhaps this is the 'structural market' under an 'index bull market'.

Firstly, the Shanghai Composite Index broke through 3800 points, closing at 3825.76 points (also the highest point of the day), entering a level that retail investors have not experienced in nearly a decade. In the eyes of optimists, this indicates that the upward space continues to open up.