U.s.
Federal Reserve Chairman Jerome Powell "hawkish", U.S. stocks were mixed overnight, the Dow rose 0.17%, the Nasdaq fell 0.12%, and the S&P 500 fell 0.21%.
Speaking at the event, Powell said recent inflation data suggests that it may take longer for central banks to gain the confidence they need to cut rates, suggesting that the Fed is in no hurry to cut rates.
A shares
After getting a response from the top management on dividends and delisting, today's big A rose unilaterally throughout the day, with a relatively strong performance, and the three major indices all achieved a positive and negative trend.
All sectors closed higher, with microcaps rebounding sharply, but overall volume shrank slightly.
At the close, the Shanghai Composite Index closed at 3,071.38 points, up 2.14 percent, the Shenzhen Component Index closed at 9,381.77 points, up 2.48 percent, and the ChiNext Index closed at 1,797.31 points, down 2.11 percent.
Only 203 stocks fell in the two cities, and more than 96% of stocks rose, which was the opposite of yesterday's rise and fall...
The total turnover of the two cities was 918.5 billion yuan, a decrease of 28.6 billion yuan from the previous trading day.
Hong Kong stocks
Hong Kong stocks remained weak, with the Hang Seng Index edging up 0.07% and the Hang Seng Tech Index edging up 0.10%.
Southbound funds were not very active today, buying only 969 million yuan throughout the day.
Northbound funding
Northbound funds sold a small net of 232 million yuan throughout the day, of which 255 million yuan were sold through Shanghai Stock Connect and 232 million yuan were net bought through Shenzhen-Hong Kong Stock Connect.
Sector performance
In the past few days, all the industry sectors have closed up, the TMT sector has rebounded across the board, software, semiconductors, communications, AI, etc. have rebounded sharply, and the machinery sector has broken out in the afternoon, and many sectors such as environmental protection, education, papermaking, and automobiles have risen by more than 3%.
Reviews
Yesterday evening, the China Securities Regulatory Commission issued a document saying that the adjustment of the delisting index is aimed at increasing efforts to clear out the "zombie shell" and "black sheep", not for "small-cap stocks". Steady arrangements have been made in terms of standard setting and transition period arrangements, which will not have an impact on the market in the short term. There is a view in the market that "this delisting rule change is mainly for small-cap stocks", which is a pure misreading.
For yesterday's market reaction, it is indeed a bit excessive, but from a medium and long-term perspective, the direction has been very clear, to improve the quality of listed companies, to improve the ability of market value management, to force dividends.
It is beneficial for value investment, and those small and micro stocks that rely on backdoor listing to make money and rely on speculation to make profits for minorities will indeed be abandoned by the market.
Therefore, for the vast majority of investors, the targets included in the SSE 50, CSI 300 and CSI 500 are the direction to focus on in the future.
If it has always been a medium and special valuation and high dividends occupy the market advantage, it is not difficult for the index to break through 3100, but the situation of individual stocks is very different.
The current market is a bull market if you buy right, and if you buy wrong. Therefore, if you can't choose stocks, it is recommended that you consider broad-based index funds.
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