WuXi AppTec A shares fell again today by bearish news -7.41%, and the cumulative decline this month was -18.07%, the largest monthly decline since its listing in 2018.
The bearish news of today's sharp fall in A-shares is that there are recently large insurance funds special accounts to redeem the fund shares of Ceiblia star fund manager Gülen, and it is said that the fund managed by Gülen was redeemed for 40 billion. Because it has laid out many new energy varieties at a high level. The resulting heavy positions of the same Gülen were also affected by the bearishness. After today's market hours, the CEIBS Fund responded that the "large redemption" spread on the Internet is false news, please do not believe the rumors.
Hong Kong stocks narrowed to -1.09% by the close. Compared with the sharp decline in A shares,
Some people say that A shares today seem to be overreacting. In fact, I don't fully agree with this view, the deeper reason for today's A-share plunge is mainly due to the pressure of panic caused by multiple unfavorable factors. Such as the control of the "Entity List" in the United States. High track, high valuation kills the problem. National health insurance collection issues and so on.
But compared to Hong Kong stocks, A shares did fall a little more, if there is no other bearish news tonight, tomorrow WuXi App Pharma A shares are expected to usher in the first round of rebound after this week's sharp fall, but whether it can stabilize the closing sun depends on the intraday selling pressure. At present, the downward trend is far from over, and whether the 80 yuan is the bottom of this month can only be determined by the market.
