A-shares burst into flames, the Ministry of Industry and Information Technology, the Ministry of Commerce blockbuster policies, foreign capital bought 4.7 billion
Last Friday, the offshore RMB exchange rate plummeted, A-shares plummeted, this week the RMB appreciated for two consecutive days, and foreign capital also bought for two consecutive days, but A-shares went unsatisfactory, yesterday at noon dived, if it was not for a wave at noon today, the Shanghai Index may have to start a 3000-point defense war.
A-shares have been fluctuating at 3,000 points throughout March, and they always have to choose a direction after a long time of sideways, so there have been more and more bearish voices recently. We believe that these funds do not recognize this year's situation, this year's January plunge has made the management painful, this year is both the economy and the capital market is a year of "as", the highest will is to promote the economy, the capital market for the better, coupled with the national team's protection, unless it is a big black swan event outbreak, it is difficult to repeat last year's garbage market again.
The rise and fall of the stock market is nothing more than to look at incremental funds, you must know that in previous years, IPO, reduction, financing is the bulk of the stock market blood loss, and this year's IPO, reduction, financing, etc. have been greatly tightened, and the chips copied at the bottom of the national team are basically locked, coupled with the continuous purchase of social security, insurance funds, and foreign capital, the liquidity of the stock market will inevitably improve. The domestic economy has stabilized and recovered, overseas interest rates have been cut one after another, and the national team has protected the disk, we believe that 3000 points are almost impossible to fall below, and now the Shanghai Index is 3031 points, what is there to panic about?
Today's Hong Kong stocks are quite strong, A-shares are purely self-made, small essays are flying all over the sky, domestic institutions are playing every day, what is the end of the quarter to adjust positions, the performance window period is cashed, in the past, there were always a bunch of ghost stories, killing a big white horse a day. For example, the CPO sector suddenly plunged sharply at noon today, with Zhongji Innolight falling nearly 9% and Xinyisheng falling by more than 11%, bringing down AI computing power.
There are two explanations given by the market: the return of style drift funds to track stocks, at the end of the quarter, the public fund is about to disclose the quarterly report, and the funds from the previous style drift have begun to flow back to new energy; Huawei's new CPO patent has been announced, which can reduce costs, increase functions, and reduce the occupied volume.
There is indeed this saying for the quarter-end adjustment of funds with style drift, and this explanation is always used for the sharp decline in the past two years, which is a panacea. As for Huawei's new CPO patent, it is not new news, and there are already several technical evolution routes for optical modules, such as LPO and silicon photonics. We believe that it is purely to find a reason to explain after falling, and the news of A-shares is often in line with the trend, and when it rises, it is good, and when it falls, it begins to tell ghost stories.
There is a new news about optical modules, Accelink and Cisco have successfully launched 1.6T OSFP-XD silicon optical modules. The collaboration marks a major leap forward in silicon-photonics-based optical transceiver technology to drive higher transfer rates in data centers for cloud and artificial intelligence (AI) applications.
At the same time as the CPO plunge at noon today, the new energy sector exploded, mainly driven by the lithium battery sector, and CATL rose more than 4%. On the news side, on March 25, 2024, Zeng Yuqun, chairman of CATL, said in an interview that CATL and Tesla are cooperating to develop batteries with faster charging speeds. The two companies are working together on battery technologies such as new electrochemical structures with the aim of speeding up charging. Zeng Yuqun also revealed that CATL is supplying equipment to Tesla's factory in Nevada, USA.
Stimulated by this news, the solid-state battery concept plate set off a tide of daily limits, and many shares such as Nebula shares, Tianci Materials, and Putailai rose to the limit.
Finally, looking at the broader market, as of the close, the Shanghai Composite Index rose 0.17%, the ChiNext Index rose 0.44%, the Hong Kong Hang Seng Index rose 0.83%, and the Hang Seng Technology Index rose 0.94%. The turnover of the two cities shrank to 0.95 trillion yuan, and the northbound funds bought 4.725 billion yuan, with half of the gainers and losers.
In terms of industries, power equipment, banking, real estate, food and beverage, environmental protection and other industries led the gains, while media, computers, coal, communications, electronics and other industries led the decline.
The State Council Information Office held a press conference this afternoon, inviting Vice Minister of Commerce Guo Tingting, Deputy Director General of the General Administration of Customs Wang Lingjun, and Ministry of Industry and Information Technology Spokesperson and Chief Engineer Zhao Zhiguo to introduce the recent data and policies related to production, consumption, import and export, and answer questions from reporters.
Risk Warning:
The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently