U.s.
U.S. stocks remained in a narrow range overnight, with the Dow down 0.02%, the Nasdaq up 0.32%, and the S&P 500 up 0.14%.
The Federal Reserve will release the minutes of its March monetary policy meeting on Wednesday, and the market has now broadly lowered bets on the Fed's interest rate cut in 2024.
The Federal Reserve's Bostic said on Tuesday that it may need to postpone further and that it could be done earlier if the pace of inflation comes back down.
Gold continued to rally, with spot gold up 0.1% at $2,341.85 an ounce, after hitting an all-time high of $2,365.09 an ounce during the session. U.S. gold futures rose 0.4% to $2,360.70 an ounce.
A shares
Today, the big A opened low and went low, falling weakly throughout the day, and the gem fell heavily. The hot spots in the market are still in the direction of gold and energy, and technology stocks have pulled back significantly and fallen significantly. Northbound funds turned net selling again, and the power of the bears gradually increased.
At the close, the Shanghai Composite Index closed at 3,027.33 points, down 0.70 percent, the Shenzhen Component Index closed at 9,297.96 points, down 1.60 percent, and the ChiNext Index closed at 1,789.94 points, down 2.06 percent.
Only more than 900 stocks rose in the two cities, more than eighty percent of the stocks fell, and a few steel hammers were not hot in the pocket yesterday, and they were all taken away today. . .
The total turnover of the two cities was 830 billion yuan, an increase of 33.6 billion yuan from the previous trading day, a slight decline, and the market selling pressure increased.
Hong Kong stocks
Hong Kong stocks did not follow the big A today, the trend was stronger, the Hang Seng Index rose 1.85%, and the Hang Seng Tech Index rose 2.12%.
Southbound funds are still buying and buying, with a cumulative net inflow of 2.325 billion yuan throughout the day.
Northbound funding
Northbound funds turned to net selling today, with a total net sale of 4.114 billion yuan throughout the day.
Among them, the Shanghai Stock Connect net sold 1.005 billion yuan, and the Shenzhen Stock Connect net sold 3.109 billion yuan.
Sector performance
Gold stocks continue to be sought after by the market, and energy sources such as nonferrous metals, coal, electricity, and petroleum have performed again, while low-altitude economy and industrial machine tool concepts have performed actively.
TMT and AI have been sharply adjusted, and real estate, semiconductors, media and entertainment, home furnishings and other sectors have fallen first.
Reviews
Overall, today's market performance is within expectations, and the market sentiment has been relatively sluggish recently, and the adjustment is likely to continue.
The hottest estimate now is gold, which has hit new highs one after another, but this is not a good thing for the stock market or the economy.
The main function of gold is to fight inflation and hedging demand, has not been a mainstream investment variety, when most people's attention is shifted to gold, fully indicating that our economy has a big problem, on the one hand, the "asset shortage" appeared, on the other hand, there is a lack of confidence, everyone dare not buy anything, it is better to buy some gold for peace of mind.
The economy has not improved for a long time, demand is still insufficient, the capital market has not performed well for a long time, and the change in direction has also affected people's expectations and consumption desires.
Therefore, in order to break the downward cycle, we must rely on external forces and increments to promote.
We can't go around 3,000 points for decades, not to mention what outsiders think, we can't say it ourselves.
The performance of the big A in April, like the weather in the north, the spring is cold and steep, and it is still not very warm...
Splendid but the flowers of the world, slow cooking time a cup of tea.
Forget what day it started, and the world doesn't look like it used to be. I walked into the crowd, but I still missed those old days.
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