U.s.
U.S. stocks rebounded across the board overnight, with the Dow up 0.67%, the Nasdaq up 1.11%, and the S&P 500 up 0.87%.
Most of the large technology stocks and chip stocks closed higher. The "Big Seven" of technology stocks will report earnings this week.
With the easing of the situation in the Middle East, precious metals have fallen sharply recently, with gold falling more than 3%, the largest one-day decline since June 2022.
A shares
Today, the overall trend of big A is still weak, the differentiation between the Shanghai and Shenzhen markets is more obvious, the Chinese prefix, high dividends, and cyclical stocks have fallen greatly, the market volume can continue to shrink, and northbound funds have turned into net selling.
At the close, the Shanghai Composite Index closed at 3,021.98 points, down 0.74 percent, the Shenzhen Component Index closed at 9,183.14 points, down 0.61 percent, and the ChiNext Index closed at 1,753.16 points, up 0.15 percent.
The ratio of individual stocks in the two cities was 1.62:1, and more than sixty percent of the stocks rose, which was exactly the opposite of yesterday, and the money-making effect had a slight upper hand.
The total turnover of the two cities was 775.3 billion yuan, a decrease of 46.8 billion yuan from the previous trading day, and the trading volume continued to shrink, and the market sentiment became increasingly sluggish.
Hong Kong stocks
Hong Kong stocks rose sharply today, with the Hang Seng Index up 1.89% and the Hang Seng Tech Index up 3.38%.
Southbound funds continued to keep their heads down and buy, with a cumulative inflow of 2.369 billion yuan throughout the day.
Hong Kong stocks have performed strongly in the past two days, on the one hand, because they have fallen enough (covering their faces), and of course, there is also good news: last Friday, the China Securities Regulatory Commission issued five measures for cooperation with Hong Kong, including relaxing the scope of ETF products, including REITs, supporting RMB trading counters, optimizing mutual recognition of funds, and smoothing listing and financing channels. The new rules will help smooth the Stock Connect mechanism, introduce capital and enhance liquidity in Hong Kong's capital market.
Second, this morning, according to a report learned by brokerage China reporters, UBS upgraded Chinese mainland and Hong Kong stocks to overweight.
Northbound funding
Northbound funds turned into net selling today, with a cumulative net outflow of 2.997 billion yuan throughout the day.
Among them, the Shanghai Stock Connect net bought 232 million yuan, and the Shenzhen Stock Connect net sold 3.229 billion yuan.
Sector performance
Today, the pharmaceutical and liquor sectors are among the top gainers, the TMT sector is picking up, and the daily chemical, education, robotics and other sectors are also performing.
Cyclical stocks continued to pull back, and many sectors such as nonferrous metals, shipbuilding, iron and steel, petroleum, machinery, building materials, coal, and chemical industry showed sharp adjustments; the concept of Chinese prefixes and high dividends was adjusted more; and the hotel catering and tourism sectors performed poorly.
Reviews
It's another proverb, I just said yesterday that if the direction of high dividends of cyclical stocks weakens, the big A will lose the only bright spot, and the index can only be defeated.
Today, high-dividend cyclical stocks represented by nonferrous metals, oil and gas, coal, etc., including a large number of Chinese stocks, have adjusted sharply, making the Shanghai Composite Index turn downward again.
Although the GEM rose slightly, it was still on the way down, and the market outlook was not optimistic.
For the next market, in the short term, we have turned cautious and pessimistic, unless there is new momentum, otherwise we still believe that it is already a good performance to maintain the shock around 3000 points...
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