用在证券术语上，指的是板块与板块之间出现轮动，推动大盘逐步上扬，比如前一段时间金融板块率领大盘上涨，现在是地产板块推动大盘上涨，这就叫做金融板块与地产板块出现了板块轮动效应。
由于日本市场表现远远落后，有可能板块轮动效应将导致日本股市短期内取得超越性表现。
As the market has been a significant laggard, it is possible that sector rotation may allow Japanese equities to outperform in the short term.
国泰君安认为，进入8月以来，A股轮动主要集中在房地产、商贸、银行等低估值、高股息板块。
GUOTAI JUNAN SECURITIES believes that since August, A-share wheeled move mainly concentrated in real estate, commerce, banking and other plates with underestimated value and high dividend yield.
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