The ChiNext index fell by more than 3% to a new low, 100 stocks fell to a limit, and the index came back and the money did not come back
Last week, the Shanghai Composite Index regained 2,800 points and 2,900 points in a row, and there was a good weekend to suspend the refinancing of restricted shares. Today can be said to be more tragic than the first few days of the year, the number of declines exceeded 4,800, but it was not as good as the previous more than 5,000 declines, but the number of falling limits was 83, and the 210 companies that fell by more than 9% were close to the 100-share fall limit, which was much more tragic than before.
Foreign investors once sold more than 6 billion at most, but they kept bottoming out at noon, and only sold 600 million net at the close, which means that they bottomed out at noon nearly 5.4 billion, but they still didn't pull up A-shares.
Last Friday, the proposal of the two legislators caused the pharmaceutical sector to plummet, and WuXi AppTec fell to the limit, which was thought to be overly panicked when everyone calmed down over the weekend, but today it was a drop limit. This is the proposal, to become a formal bill without a word, the agency counts this congressman, 2019 so far put forward 128 bills, only one of which passed the House of Representatives, but it stopped there, did not become a law. So, I don't know what the market is panicking about.
The plummeting of photovoltaic and AI is related to the United States, TCL Zhonghuan's performance has plummeted, and Zhongji Innolight's performance has exceeded expectations, and it has also plummeted by more than 10%. Therefore, it is useless whether the performance is good or not, what these institutions are afraid of is Trump's "tariff increase" argument, and the sweater war in 2018 has been 6 years now, and the institutions are still scared to soften.
Specifically, the new energy sector is relatively strong in the process of the new low of A-shares after the holiday, because some institutions have reversed the game in advance, and since it is a game, there is a risk of failure. No, TCL Zhonghuan's performance was thunderous, institutions scrambled to cut positions, and many stocks such as Jinko Solar, Aiko Shares, and JA Solar Technology fell to the limit.
Zhongji InnoLight did not have a thunderstorm, but the institution still did it according to cash. According to the report, the U.S. Department of Commerce requires cloud computing vendors to verify the identity of overseas customers and submit relevant customer reports for large model training, which is mainly to restrict us. Domestic institutions panicked again, not only smashing the export chain, but even the domestic substitution, which is actually good, has also plummeted.
In addition to photovoltaic and AI, the export chains that were blown by institutions before were all falling and waiting, such as Lege shares, Henglin shares, and Yongyi shares also plummeted.
Of course, there is also something to do with the rebalancing action of the prefix in the reduction of institutional positions in technology growth stocks, anyway, the impression is that domestic institutions have not done anything good, except for holding a group or a group, leaving the market with only endless trauma.
At the close, the Shanghai Composite Index fell 0.92%, the ChiNext Index fell 3.49%, the Hong Kong Hang Seng Index rose 0.67%, and the Hang Seng Technology Index rose 0.27%.
In terms of industries, only the three major industries of banking, household appliances, and food and beverage rose, while power equipment, communications, computers, media, and social services led the decline.
This week is a super macro data week, the United States will release January employment data, as well as the Federal Reserve interest rate meeting, and the last two days of the annual report performance forecast window.
Risk Warning:
The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently